Litecoin Price Analysis for 18/5/2015 - Low Risk, High Profits!
Litecoin's current price action offers plentiful trading opportunities to the market participants; opportunities with huge profit potentials at extremely low risks. Litecoin has been maintaining a tight range on an hourly basis and traders can adopt a buy low, sell high approach while limiting the risks involved by strictly following the below-prescribed stop-losses. Litecoin is currently trading near the lower level of the range at $1.450. Technical analysis of the 60-minute LTC/USD price chart indicates that things are indeed favorable for the participants from an immediate-term....
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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....
The long call given in previous Litecoin price technical analysis Breakout has certainly paid off big. Litecoin price has jumped from $2.887 to hit an intraday high of $3.137, a huge addition of 8.66 percent. Even now, the momentum is looking very strong as Litecoin threatens to take out another key resistance level. Litecoin is currently trading at $3.110. Technically, Litecoin remains on a very strong footing but it runs a major risk as well - the risk of being quickly overbought. Read the latest values of the technical indicators below for further clarity. Litecoin Chart Structure -....
Litecoin jumped 12% over the weekend to surge to a 4-month high of $2.100 as bulls decide to take full control of the situation. In my previous analysis, I had discussed that the market may end its consolidation soon and now that it has, I expect the action to continue for a little longer. As bulls take a breather, Litecoin is trading at $2.013. The massive rally in Litecoin must have taken a majority of market participants by surprise. But now, as the price looks to form a base above $2.000, minor profit booking cannot be ruled out. Litecoin Chart Structure - The 240-minute LTC/USD price....
In the past 24 hours, Litecoin has traded on a very calm note; barely retesting the previous low of $1.755 and edging up only slightly higher to touch $1.876. The virtual currency seems to be taking a “resting break” after the monstrous run-up to 2-month highs. Litecoin has skid 2.12% from yesterday's observation to trade at $1.801. Technical analysis of the 240-minute BTC/USD price chart indicates that the current market condition offer no high-profit, low-risk trading opportunities. Litecoin Chart Structure - In my previous analysis, I had discussed that Litecoin was off from its recent....
In the previous Litecoin price technical analysis Flat Action, we discussed that if Litecoin fails to cross the resistance posed by the level of $3.160, it runs the risk of entering into a range. As can be seen, Litecoin has plummeted 4.44 percent to $2.907 as traders resorted to profit taking near the resistance. Another factor weighing on Litecoin is the weakness in the Bitcoin market. However, the good news is that Bitcoin is now close to its support level of $235. Values from the technical indicators overlaid on the daily LTC-USD price chart also suggest that there is an increased....