Litecoin Weekly Analysis - Can It Sustain Rally?
Key Highlights. Litecoin enjoyed a monstrous rally as highlighted in the previous analysis. Prices surged higher and traded as high as $1.94 where sellers defended more upsides. Litecoin spiked sharply higher this past week to increase by more than 15%. There was a major range formed on the 4-hours chart before the price rushed higher. The $1.50 level was an important barrier for buyers, which was breached to open the doors for a rally as Litecoin steamed towards $1.90-$2.00. The bulls have completely outpaced the bears and managed to push prices within a span of a single day. Currently,....
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Litecoin price has yet again respected the low of $1.60 and bounced off, with the latest value of each Litecoin at $1.67. I had mentioned earlier that trading should be done near the extremes of the trading range to minimize the risk and earn better returns. An analysis of the 240-minute LTC/USD price chart reveals that the market may not violate the range anytime soon. Moving Average - Litecoin price has failed to sustain above the 20-4h simple moving average in the past several sessions (can be seen in the chart above). Even now, Litecoin value of $1.67 is below the 20-4h SMA of $1.6855,....
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....
The mighty bulls are back! After taking adequate rest and catching enough breath, they have made a powerful comeback and exposed the frailty of the short-sellers. Backed by strong sentiments, Litecoin is now challenging a crucial resistance level. Litecoin is currently trading up 2.8% at $1.865. From a technical perspective, things look very positive for the virtual currency. An analysis of the 240-minute LTC-USD price chart tells that Litecoin should threaten previous tops unless bulls lose complete control of the situation. Litecoin Chart Structure - A closer look at the chart reveals....
Key Highlights. As highlighted during the last week's analysis, Litecoin enjoyed a monstrous rally and currently consolidating gains. There is a chance of one more spike higher, but in that situation, it would be interesting to see how sellers react. Litecoin recent surge higher towards the $2.00 level was very impressive, but the price was just shy of the mentioned level and traded as high as $1.94. Currently, the price is consolidating and setting up for the next move. The Bollinger bands are shrinking and pointing that the price might move in a range after the mentioned monstrous rally.....
After having stopped for breath, bulls have steamrolled the bears and Litecoin surged 5.6% to hit the highest level in a week. With this rise, Litecoin has also broken away from a medium-term trading range and looks well poised to accumulate hefty gains going ahead. Owing to the strong advance, Litecoin has become expensive to $1.532. Technical analysis of the 240-minute LTC/USD price chart indicates that even after the massive surge, there is still steam left in Litecoin and it may eventually touch $1.600. Litecoin Chart Structure - Litecoin has staged a positive breakout after having....