Litecoin Weekly Analysis - An Upside Break Likely
Key Highlights. Litecoin continued to find support every time sellers managed to take prices lower. An important support trend line is formed on the 4-hours chart of LTCUSD. There is a major barrier for LTCUSD around the 1.50 level, which acted as a catalyst forsellers to take prices lower. However, there is a monster bullish trend line, which is providing support to Litecoin and if buyers gain control, it might take prices higher in the near term. Currently, the price is constrained inside Bollinger bands, and forming a consolidation pattern. LTCUSD is waiting for a catalyst to break....
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Key Highlights. Litecoin price after attempting a correction failed, and currently heading lower. The price breached a monster support area, which is signaling towards more declines ahead. Litecoin price clearing a critical support area is a warning sign to buyers and could ignite a downside move. Litecoin price solid run towards the upside failed around $8.98, as it traded lower. The downside was stalled around $3.24. It was a monster decline, as pointed in the previous weekly analysis. However, buyers made an attempt to take the price higher, but the upside was stalled just below the....
Litecoin Price Key Highlights. Litecoin price held the ground as highlighted in the previous week's analysis that the $2.40 support area holds the key. A bearish trend line formed on the 4-hours chart of the Litecoin price was breached to open the doors for more gains in the near term. Litecoin price has managed to break a major resistance area, which might ignite an upside rally moving ahead. Retest of $3.80? The Litecoin price found support around $2.40, which acted as a major hurdle for sellers and prevented more losses. There was an upside move recently, as the price managed to break....
Litecoin (LTC) has continued to range in a channel against Tether (USDT) as it attempts to break out of this trend. The price of Litecoin LTC has shown little to no major movement despite the change in trend across the market in recent weeks as many altcoins rallied and produced gains of double digits. (Data from Binance) Related Reading: When Will Bitcoin Become An Inflation Hedge? Scaramucci Explains Litecoin (LTC) Price Analysis On The Weekly Chart From the chart, the price of LTC saw a weekly low of $45, which bounced from that area and rallied to a price of $56; considering its....
Key Highlights. Litecoin price traded lower this past week as it failed to break an important resistance area of $3.40. A major support area of $3.30 was cleared by sellers, which is currently acting as a resistance (price feed from HitBTC). The 100 hourly simple moving average (price feed from Bitfinex) is also near the current levels, and preventing the upside move. Litecoin price is forming an ascending channel pattern that may act as a catalyst for the next move in the near term. Upside break likely? Litecoin price recently broke a critical support area of $3.30, but somehow managed to....
If there was a competition right now between our beloved hero Superman and the cryptocurrency Litecoin, I think even our iconic hero would say for once “Okay, let's catch a break!” Litecoin is breaking all the fathomable boundaries, having jumped from $2 to more than $8 in just the past 4 weeks. And with momentum and trend remaining overtly bullish, there is no saying what valuations we will see going ahead. Litecoin has jumped a massive, a phenomenal 31% in the past 24 hours to leapfrog to $8.100. In today's analysis, we are taking a departure from the normal routine in a way that a....