Litecoin Price Holding Steady After Dip
Last week, the litecoin price fell 11% amid widespread altcoin decline. Since then, the litecoin price has not improved-but it has not gotten worse either. The litecoin price maneuvered the ups and downs of the altcoin market to remain relatively stable from October 11-18. Also Read: Litecoin Mining Pools Receive Help from KNC to Improve Titan Hash Rate. Litecoin Price Holding Steady After Dip. On October 11, the litecoin price was still reeling from a weekly decline that had dropped the coin's value from ~1,150,000 satoshis to 1,034,500. The decline continued until October 13, when the....
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After forming a near-term base near $3.820, Litecoin has registered a steady rise of 1.48% since yesterday. Litecoin is currently trading at $4.100 and has outperformed Bitcoin which has declined to a make or break juncture. Speculations are running rife that Greeks are turning to cryptocurrencies in the wake of ongoing crisis, but if the people vote to stay in the Eurozone with austerity measures, I am expecting this new found craziness to end abruptly. Technical indicators laid over the 240-minute LTC-USD price chart point to a favorable scenario for the bulls. Litecoin Chart Structure -....
Litecoin is holding up fairly well at $2.955 after Bitcoin successfully retested the important support level of $235. The cryptocurrency is up 1.65 percent but it may have entered into a range of $2.500-3.160. My view above is based on the price action and the latest technical indications drawn from the daily LTC-USD price which fail to induce much confidence. Litecoin Chart Structure - Litecoin's fall was arrested by a swift rise in the price of Bitcoin after it kissed $235. Apart from Bitcoin's contribution, Litecoin also received good support from the 9-day simple moving average of....
The rocket has run out of fuel, and it's crashing! Yes, I am talking about Litecoin. The dream investment of many until Friday has turned into a nightmare today. And those who are still holding on to their Litecoin investments may witness more pain. The speculators with deep pockets look set to unravel more of their long positions and cause a steep decline in the price of the cryptocurrency. For those who were unable to track the market during the weekend, Litecoin crashed a biblical 58.26% from a high of $8.650 to a low of $3.610 in a matter of less than 48 hours. Litecoin pared the....
On the 12-hour chart of Litecoin we see that yesterday there was the fifth reach to the top of $3.80 in two weeks, which happened due to a sharp growth of Bitcoin again. However, Litecoin went higher than $3.50 and then moved down to the same level of $3.20. This time, while the Bitcoin price grows, the LTC/BTC pair fell, having reached an 0.085 exchange rate. While miners don't believe in Litecoin prospects, this cryptocurrency has no prospects for steady growth.
After a sharp spike off a support level, litecoin price is still exhibiting a steady downtrend and is testing the moving average on its 1-hour time frame from Bitfinex. If the short-term MA (red) continues to hold, price could retest its former lows and perhaps make new ones. Technical indicators on the same time frame confirm that the cryptocurrency is set to weaken in the short term. The shorter-term EMA (red) is moving below the longer-term EMA (green), confirming the presence of bearish pressure. In addition, the moving averages are edging further apart, which means that the selling....