The Long Term Price of Litecoin... So Many Twists and Turns
Litecoin, in recent weeks, has been the cause of some speculation. A price drop in the litecoin world was experienced that saw the currency hovering at around $1.20 and then $1.80. Now, there has been a bit of a surge in the litecoin price that suggests that a $2 price in the near future may not be out of bounds. As digital currency enthusiasts, I suppose we must all be grateful for every little step forward. Yet in July of last year, litecoin held a price of around $7. Following a drop in bitcoin price that naturally also affected fellow altcoins (litecoin amongst them), the litecoin....
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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....
So far we have seen Litecoin in a long-term bearish bias, a plague-like downward movement which extended itself in 2015 as well. It is however the first time that the silver coin price neatly touched its 2013's bubble point, the support level which influenced a rally towards $48 - Litecoin's all-time-high. As you can see the weekly chart above, the LTC/USD is valued around 1.68 which is directly coinciding with the levels that originally started the bull-trend towards the ATH in 2013. The reason why 1.68 could be important is because of its knack to act as a borderline between....
Litecoin Price Key Highlights. Litecoin price finally broke out of the ascending triangle consolidation pattern visible on its long-term charts, signaling that it's ready for more gains. Price broke above the triangle resistance and could keep heading further north. Litecoin price exhibited a strong bullish run, as it made a convincing break above a tight long-term consolidation pattern. How High Can It Go? Although the buying pressure was pretty strong, litecoin price seems to have lost some momentum upon hitting resistance at the 4.00 level, as this lines up with a previous area of....
The directions of altcoin trends have split. The only common thing that can be observed at the moment is the fact that Ethereum and Litecoin are both at their long-term resistance lines. The decline that Ethereum’s price has suffered this week was not as strong as could be expected. That can be explained by the change of trends from medium-term level to long-term one. In order to change its direction to growth, Ethereum’s price will have to break the downward trend by fortifying and forming a turn at the level of $9.3. Litecoin’s price has reached a long-term resistance line within its....
Litecoin developer Charlie Lee shocked many community members last month when he said “Litecoin does not need development right now.” Rather, he said, the coin needed users, liquidity, and merchant acceptance to succeed in the long term. However, the coin has struggled to achieve any of those aspirations, and the bitcoin price decline has weakened faith in the cryptocurrency industry as a whole. Consequently, investors have begun losing faith in altcoins, and in turn the litecoin price is bottoming out. The litecoin price declined consistently throughout 2014 and has continued to fall....