Litecoin Price Weekly Analysis - Poised for Gains
Key Highlights. Litecoin price continued to climb higher, as there was more than 10% gain noted this past week. A critical support trend line is forming, which might act as a buying zone moving ahead. There was a sharp upside reaction this week for Litecoin price that has strength for more gains. Litecoin price continued to rocket higher, as there was a lot of buying interest noted this past week. The price headed towards $4.37 where there was a selling interest noted. The price after testing the mentioned are started consolidation phase, which might continue for some time. The Bollinger....
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Litecoin price may move back higher in the short term. There are many positive signs emerging on both the hourly as well as 2-hours chart. More gains are possible moving ahead. Intraday Support Level (Bitfinex) can be at $3.05. We were looking for a correction in Litecoin price this past week after it managed to surge closer to the $3.50-55 resistance area. The price corrected as low as $3.01, and then it found buyers for another leg higher. There was a bearish trend line formed on the hourly chart (data feed via Bitfinex), which was cleared recently. The stated trend line break looks....
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....
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 looks unstoppable! The bullish herd mentality has pushed the price to a fresh 10-month high of $6.453 on strong trading volume. And there are no technical signals which indicate that the frenzy is about to lose steam. In fact, the market participants have started accumulating Litecoin on even the slightest dip. Litecoin has added 18% in gains since yesterday to currently trade at $6.153. The 240-minute LTC-USD price chart looks sturdy and poised for more gains. But since the cryptocurrency has already rallied significantly in such a short time, I remain skeptical of its future....
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....