Litecoin Price Technical Analysis for 18/6/2015 - Rally Extends
After registering a fresh 2015-top of $3.194, Litecoin can be seen consolidating below $3.000. However, with momentum and chart structure strongly supporting the buyers, Litecoin has edged up 3.33% to $2.945. Now that the key trigger for the financial markets world, i.e. the Fed meeting has been priced in, it would be interesting to see if Litecoin is able to continue its rally. Technical analysis of the 240-minute LTC-USD price chart suggests that the cryptocurrency is still a very risky trade and should be avoided for now. Litecoin Chart Structure - As can be seen from the chart above,....
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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....
Litecoin extends its rally to hit a high of $3.140 as the cryptocurrency aims to soar past the immediate overhead resistance at $3.130. Currently at $3.121, Litecoin is in a strong bullish grip and may leapfrog to higher levels on consistent support from buyers. Rising Bitcoin market is also aiding the Litecoin market. Although the risks cited in the previous Litecoin price analysis Closing In have been averted for now, we can never be too cautious for a volatile cryptocurrency like this one. Therefore, let us see what the technical indicators have to say about the latest price advance.....
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....
Starting from today, I will be posting a daily litecoin price technical analysis, so I guess it's better to establish key resistance and support levels that will be a base for our future analyses during the upcoming couple of weeks. Litecoin price increased to score a high of $2.04 yesterday, before dropping to a low of $1.79. By examining the 1 hour (LTC/USD) and (BTC/USD) charts, we can clearly see that litecoin price is mirroring what is happening on the bitcoin charts. By studying the 1 day Bitfinex (LTC/USD) chart from tradingview.com and plotting the Fibonacci retracement fan along a....
Litecoin is currently trading at $2.922, up 1.78 percent as the cryptocurrency extends its short covering-fueled rally. However, I do not see Litecoin advancing significantly from here on and expect the bears to make a comeback very soon. What is aiding my bearishness is the lingering pessimism in Bitcoin, in addition to the technical considerations derived from the daily LTC-USD price chart. Many of the participants have repeatedly asked me why I did not factor in or mention the block reward halving in my earlier analyses. It is because I always believed that the market had priced in that....