Litecoin Price Analysis For 5/11/2015 - Mirroring Bitcoin's Price Correction Wave (Copy Cat)!!
Litecoin price dropped today to $3.76, at the time of writing of this article, and it seems that the market will continue on printing lower lows again today at the end of the day's trading session. In my opinion, Litecoin price is now emulating what is going on along the Bitcoin/Fiat charts. Price Correction Evident On 1 Day Charts: By examining the 1 day (LTC/USD) charts from Bitfinex (look at the below chart); plotting the 20,50 and 100 EMAs and executing a Fibonacci resistance fan along a trend line that extends between the low reached on the 29th of October ($2.79) and the high printed....
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Litecoin price ranged between $1.89 and $1.95 throughout yesterday's trading sessions. Litecoin charts seem to be mirroring what's happening on bitcoin's charts. Accordingly, it seems that litecoin price will likely rise especially that our bitcoin analysis anticipates a bullish wave during the next 24 hours. By examining the 4 hour Bitfinex (LTC/USD) chart from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart), we can conclude the following: Since the new uptrend started pushing litecoin price upwards on the 27th of February, we have been....
Bitcoin has spent 2015 in a sideways consolidation. A look at the Litecoin price chart sheds some light and shows up a lot of noise that had been distracting exchange chart investors for the past 10 months. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h36 UTC. LiteCoin 4-Hour Chart. From the analysis pages of xbt.social, earlier today: xbt.social member S, suggested I take a look at the Litecoin chart. The chart view irons out some....
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 Key Highlights. Litecoin price has suffered a quick selloff recently and has since showed signs of a pullback. Price appears to be finding resistance at the 50% Fibonacci retracement level around 3.250 and might be ready to resume its drop. If the correction wave for litecoin price is done, the impulse wave could take price down to the previous lows at 3.050 or much lower. Technical Indicators Favor Downtrend. Apart from the inflection points already keeping gains in check, leading and lagging indicators suggest that litecoin price is ready to head back south. The 100 SMA is....
Litecoin price remained between $1.84 and $1.86 throughout yesterday's trading sessions. Following Friday's bullish rally, litecoin price wasn't able to breach the resistance level at $1.86 which coincides with the 50% Fibonacci retracement level. By examining the 4 hour Bitfinex (LTC/USD) charts from tradingview.com, plotting the moving averages of the William's Alligator indicator and drawing the Fibonacci retracements across a trend line that extends between the low recorded on the 10th of February ($1.67) and the high reached on the 15th of February (look at the below chart), we can....