Litecoin Price Weekly Analysis - Buyers Back In Action
Key Highlights. Litecoin price once again gained traction and moved higher as buyers were seen active during this past week. There is a critical resistance formed around $1.90 where buyers might face a tough time. Litecoin price once settled below the 100 simple moving, but later after buyers came into action, the price moved back above the same. The Bollinger Bands are nicely following a bullish path, which is a positive sign in the short term. The 50% Fib retracement level of the last drop from the $1.95 high to $1.50 was also breached, paving the way for more gains. Moreover, the 61.8%....
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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 after trading lower to trade near $2.40 managed to recover ground and traded higher. A bearish trend line is formed on the hourly chart of the Litecoin price, which is acting as a barrier for sellers. Litecoin price might head higher in the near term, as there are a few bullish signs emerging on the hourly chart. Can Buyers Overcome Odds? There was a downside reaction noted in the Litecoin price, which took the price towards $2.40. However, later buyers appeared to protect losses and took the price higher. There is a bearish trend line formed....
Key Highlights. Litecoin price dived recently sharply to trade near $3.01, but buyers appeared around the stated level to prevent losses. The price is below the 100 hourly simple moving average, which is a negative sign for buyers. Litecoin price after testing $3.00 support area moved higher, but it might struggle to gain pace for more gains. There was a sharp downside reaction in the Litecoin price this past week, as it dived towards an important support area of $3.00. It is where buyers appeared to prevent the downside and pushed the price higher. There is contracting triangle formed on....
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,....
Key Highlights. Litecoin price continued to stay above a major support area of $3.0 and looks set to challenge $3.20-30. There is a bullish trend line formed on the 4-hours chart of the Litecoin price, acting as a support area. Litecoin price attempt to trade higher was successful, as it moved above a major pivot of $3.20 this past week. $3.20 as Pivot. The Litecoin price after trading a touch above a major level of $3.20 started a correction. The price corrected as low as $3.00 where buyers appeared to prevent downsides and pushed the price higher. There is a bullish trend line formed on....