Litecoin Price Technical Analysis for 23/6/2015 - Extremely Tight!
Litecoin has advanced following the lead of Bitcoin in the anticipation of a solution to the Greek crisis. While Bitcoin has staged a breakout, Litecoin's upside potential remains capped by a resistance line. Litecoin is currently trading up 0.97% at $3.019. I had mentioned in my previous analysis that Litecoin should be shorted if the price rose to $3.020, and I reiterate that short positions should be built by placing a stop-loss (closing basis) above $3.050. Technical analysis implemented on the 240-minute LTC-USD price chart indicates that the market is awaiting a trigger to make a big....
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Litecoin falls 1 percent as Bitcoin extended its slide over the weekend. Now at $3.899, Litecoin is in a strong downtrend and price advances can be used to go short in the counter with tight stops in place. Technical analysis of the daily LTC-USD price chart conveys that pessimism still weighs on the cryptocurrency and good profits may be made on creating short positions at extremely low risks. But practicing the stop-losses is the key! Litecoin Chart Structure - The price chart conveys that Litecoin is trading in a lower top, lower bottom structure (marked in the chart), where repeated....
Litecoin's current price action offers plentiful trading opportunities to the market participants; opportunities with huge profit potentials at extremely low risks. Litecoin has been maintaining a tight range on an hourly basis and traders can adopt a buy low, sell high approach while limiting the risks involved by strictly following the below-prescribed stop-losses. Litecoin is currently trading near the lower level of the range at $1.450. Technical analysis of the 60-minute LTC/USD price chart indicates that things are indeed favorable for the participants from an immediate-term....
Litecoin continues to tire out below the previous resistance level of $3.050 but, unfortunately, it has made no significant attempt which would induce fear in the hearts of short sellers. The price trades in an extremely tight range near the highs, making it difficult for the trading community to place their positions at low risks. Litecoin is currently trading down 1.58% at $2.971 and has hit a low of $2.950. Technical analysis implemented on the 240-minute LTC-USD price chart indicates that the traders must remain patient as a breakout/breakdown is around the corner. Litecoin Chart....
Litecoin has expectedly obliged us with a 13 percent drop during the weekend as Bitcoin crumbles under pressure. We discussed in Bounces Off Support that even while the technical indicators were positive for Litecoin, we must remain on the short side. And that has paid off well; the cryptocurrency succumbed to a low of $3.852 before recouping some losses. Now at $4.041, Litecoin is still in tight clutches of the bears. Technical analysis of the daily LTC-USD price chart reveals that Litecoin may witness jettison by the bulls as bearish pressure mounts, and that we may see a new low in the....
In the previous Litecoin price technical analysis Something Big is Coming!, we touched upon the triangle pattern formation, a breakdown from which is expected to resume the downtrend that the cryptocurrency is in. Litecoin is currently trading at $2.812, barely higher than its previous observation of $2.800. As Litecoin tests the patience of the market participants for another day, I would advise them to hold tight as an immediate breakout from the pattern is imminent. Litecoin Chart Structure - Not much has changed in the chart structure except that the range has contracted even further....