Litecoin Predictions, 2015
Litecoin is a peer-to-peer open-source cryptocurrency. Since its integration into the virtual payments universe in 2011, litecoin, like most of its digital currency cousins has experienced its ups and downs. Now that 2014 is coming to a close, many are wondering what the new year will hold for the currency platform, and whether or not it will be able to continue to hold its ground. On various litecoin forums, the verdict appears to be mixed. For example, a poll conducted on litecointalk.org in August of 2014 asks, "On January 1st, the price of Litecoin will be..." and it allows voters and....
Related News
Litecoin bears have been smoked by the massive 27% rally in the past 24 hours following a high volume breakout from the range I discussed in my previous analysis, New Range. The surreal rise in Litecoin price has also pushed it to the highest level of 2015. Litecoin is currently trading at $3.871, a strong advance from yesterday's $3.047. Litecoin's jump to a fresh 2015-high closely follows Bitcoin's leap to a new June high, as the Greece crisis comes to its D-day. A technical look at the 240-minute LTC-USD price chart above tells that Litecoin has entered the "no-buy" zone due to its....
Not much happened today in the price action of litecoin. As we can see in the 1H chart, price has been drifting sideways since the cryptocurrency rallied from around 1.60 to about 1.82. While price is indeed still in this consolidation range, we can see a bearish bias. Litecoin (LTCUSD) 1H Chart April 1, 2015. 1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are in bearish alignment and are sloping down. 2) Price is starting to hold below the cluster of these SMAs, which shows bearish bias. 3) The RSI has held below 60, and has tagged 30, showing development of bearish....
Litecoin continues to consolidate. In the 1H chart below we see a sideways range roughly between 1.80-1.90. Litecoin (LTCUSD) 1H Chart 25/2/2015. Here are some observations:1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are clustered together. This reflects a market that not only has no direction, but has very low volatility. 2) Price has been whipping over and under the cluster of SMAs. This also reflects indecision, but we can already see that by looking at the sideways price action. 3) The RSI has tagged 30, but has been holding below 60 for the most part. This actually....
After registering a fresh 2015-top of $3.194, Litecoin can be seen consolidating below $3.000. However, with momentum and chart structure strongly supporting the buyers, Litecoin has edged up 3.33% to $2.945. Now that the key trigger for the financial markets world, i.e. the Fed meeting has been priced in, it would be interesting to see if Litecoin is able to continue its rally. Technical analysis of the 240-minute LTC-USD price chart suggests that the cryptocurrency is still a very risky trade and should be avoided for now. Litecoin Chart Structure - As can be seen from the chart above,....
By the end of year 2013, Litecoin looked like the only alternative to its popular counterpart Bitcoin. Traders, who missed the chance of boarding the latter's quick-buck train, hugely looked upon its next-best to repeat the $13-to-$1,100 magic. Everything was working in Litecoin's favor - from favorable media coverage to booming merchant and user adoption. 2014 was indeed supposed to be a smoother ride for the silver coin. But as soon as this year is approaching its end, it is leaving behind quite a daunted version of Litecoin - a complete opposite of what we encountered in 2013. Take the....