Litecoin Price Weekly Analysis - Major Reversal
Key Highlights. Litecoin price surged higher and traded close to $9.00 where there was a major selling interest. The price declined heavily and fell by more than 25% to trim most of its gains. Buyers managed to take prices higher, but they failed to maintain gains which ignited a downside reaction. Litecoin price once again moved higher as forecasted in this past week's weekly analysis. There was a sharp upside move taking the price towards $9.00. The price failed miserably around the mentioned resistance area, which ignited a downside move. Importance of a bullish trend line. There is a....
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Litecoin (LTC) has struggled against Tether (USDT) as bulls continue to push the price above the key support region, forming a bullish chart pattern. Bitcoin’s (BTC) price has shown less steam compared to recent times; this has affected most crypto assets, including the price of Litecoin (LTC). (Data from Binance) Related Reading: Lightning Speed: 5 Ways To Make Money/ Earn Sats Using The Lightning Network Litecoin (LTC) Price Analysis On The Weekly Chart Litecoin (LTC) price has shown so much strength after hitting a low of $42; the price bounced off from this region and rallied to....
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....
Litecoin Price Key Highlights. Litecoin price held the ground as highlighted in the previous week's analysis that the $2.40 support area holds the key. A bearish trend line formed on the 4-hours chart of the Litecoin price was breached to open the doors for more gains in the near term. Litecoin price has managed to break a major resistance area, which might ignite an upside rally moving ahead. Retest of $3.80? The Litecoin price found support around $2.40, which acted as a major hurdle for sellers and prevented more losses. There was an upside move recently, as the price managed to break....
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....
Bears have stomped on all bullish expectations as the expected bullish double bottom gets transformed into a bearish Triple Top pattern. The sell-off can be partly attributed to the profit booking in the leading cryptocurrency, Bitcoin. Each Litecoin is currently worth $1.97 and the price may head lower from here on. Technical analysis implemented on the 240-minute LTC/USD price chart connotes that the value of each Litecoin may drop to $1.88. Bearish Triple Top Pattern Confirmed - Litecoin had been trading between $1.98-2.08 since March 10, registering 5 major price reversals. As the....