Litecoin Price: Another Swing Correction Ahead?
For obvious reasons, the close approximatations between Litecoin and Bitcoin price movements continue to exist. As a result, the former is also bouncing between specifically prevailing support and resistance lines, while the absence of enough trading volume continues to haunt. Litecoin 4H Chart BTC-e. The LTC/USD exchange rate is currently trending sideways in absence of influential trading volume. After a spike to $2.86 last week, the market has retreated back to bearish regions. In the midway, the Litecoin price has attempted a few bullish correction but only for very short-terms.....
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Key Highlights. Litecoin price fell lower as anticipated in the weekly forecast and reached our sell trade target of $3.50. There was a sharp reversal noted from the mentioned area, as the price managed to recover all its losses. There is a chance of a double top pattern on the hourly chart around $3.83-85 (price feed from Bitfinex). Litecoin price after completing a correction started to trade higher once again, but it is facing a tough barrier near the last swing high of $3.85. Can Litecoin Price Move Lower? Litecoin price after setting a short-top near $3.83 moved lower as a part of....
Litecoin price may move back higher in the short term. There are many positive signs emerging on both the hourly as well as 2-hours chart. More gains are possible moving ahead. Intraday Support Level (Bitfinex) can be at $3.05. We were looking for a correction in Litecoin price this past week after it managed to surge closer to the $3.50-55 resistance area. The price corrected as low as $3.01, and then it found buyers for another leg higher. There was a bearish trend line formed on the hourly chart (data feed via Bitfinex), which was cleared recently. The stated trend line break looks....
Litecoin Price Key Highlights. Litecoin price traded higher towards $3.24 and started correcting lower to trade below $3.00. There is a bearish trend line formed on the 4-hours chart of the Litecoin price, which is acting as a hurdle in the short term. Litecoin price is attempting to move higher after completing a short-term correction, but facing resistance around a trend line. Importance of $3.00. The Litecoin price recently traded higher to move towards $3.25 where it found sellers for a move lower. There was a minor correction, which stalled near the 61.8% Fib retracement level of the....
Key Highlights. Litecoin price fell sharply lower as our highlighted Double Top pattern on the hourly chart played well and pushed the price lower (data feed from Bitfinex). The price broke a major support area near $3.50, suggesting more losses in the near term. There might be a minor correction moving ahead as the hourly RSI is around the oversold readings. Litecoin price was crushed Intraday, as sellers managed to gain control taking it below a critical support area of $3.50. More Losses Ahead or Recovery in Litecoin Price? Litecoin price fell sharply Intraday, and traded towards $3.30....
Key Highlights. Litecoin's price spiked higher intraday and even managed to break a critical bearish trend line on the hourly chart (data feed from Bitfinex). Our buy with a break idea as highlighted in yesterday's post worked well. More gains are likely moving ahead, as the price may head towards the last swing high of $3.85. Litecoin's price traded higher and is currently positioned in the bullish zone. Once again, the buying dips idea may play well in the short term. Continue Buying Dips? Litecoin's price was facing a major barrier in the form of a bearish trend line on the hourly chart....