ETF Hopes Propel Litecoin 12% Higher, Bullish Predictions On The Cards
Following its price increase of more than 12% in the past week to roughly $71.50 on October 16, Litecoin (LTC) is attracting more and more interest. The action followed growing buzz about a planned Litecoin exchange-traded fund (ETF) proposal by Canary Capital Group. Investors are excited, since this ETF may provide a more direct method for investing in Litecoin, allowing both individual and institutional participants to access the market. Related Reading: Analysts On Bitcoin: 2024 US Election Could Steer The Crypto’s Future The S-1 registration statement for the proposed ETF was filed on....
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The Litecoin price has dropped around 0.5% against the USD in over the last 24 hours. After the surprising bullish rally in Bitcoin charts, the Litecoin as usually tailed the upsurge and eventually established new higher highs, one crossing above the presumed resistance level near 2.00. However, the market soon faced a little downside pressure as traders exited their positions for short-term profits. Nevertheless, the overall bullish bias continued to exist. As you can clearly see in the 4H BTC-e chart above, the Litecoin price is clearly way too above the 50-H MA, while the RSI is at 65 -....
Litecoin Price Key Highlights. Litecoin price has been gradually trending higher against the U. S. dollar, mostly due to the latter's selloff in recent trading sessions. Price is currently testing the bottom of the ascending channel visible on its short-term time frame and might be due for a bounce. Litecoin price is on a steady uptrend these days and could be in for a much stronger bounce, as it is testing the rising channel support. Bullish divergence forming. Litecoin price has been forming higher lows while technical indicators drew lower lows, creating bullish divergence for both RSI....
Key Highlights. Litecoin's price continued to move higher intraday, and our buying idea yesterday was successful. Now, a bullish flag pattern is forming on the hourly chart (data feed from HitBTC), which may ignite another upside rally. A break above the flag resistance area could take the price higher towards $4.00-05 in the near term. Litecoin's price is trading with a bullish bias, and there is another pattern forming which may help buyers to take it even higher. Break Higher? Litecoin price followed a nice uptrend on the 1-hour chart, and it looks like there is more upside left moving....
Litecoin Price Key Highlights. Litecoin price is currently stuck inside a rising wedge pattern on its 4-hour chart, indicating a slight trend higher with a bit of consolidation. Price found resistance at the area of interest around the middle of the wedge and went for a test of support. Litecoin price bounced off the wedge support and may be in for a stronger climb up to the resistance at $3.400. Potential Breakout Soon. For now, the 100 SMA is above the 200 SMA, which suggests that the uptrend could carry on. However, stochastic and RSI are both heading down from the overbought zone,....
Litecoin Price Key Highlights. Litecoin price rocketed higher and gained by more than 30% to trade above the $4 resistance area. The price traded as high as $4.19 and currently correcting lower with a chance of another bullish ride. Litecoin price gained heavily this past week, as there was a sharp spike higher that took the pair above the $4 level. Trend Line break? The Litecoin price this past week moved a bit lower before finding buyers around the $2.90 support area. There was a solid buying interest noted around the stated level, which ignited a run higher. The upside was very strong....