Litecoin Price Weekly Analysis - Uptrend Again
Key Highlights. Litecoin price after trading close to $9.00 found sellers that ignited a downside movement. The price managed to clear a major resistance area, which is likely to push the price higher. Litecoin price looks like completed a short-term correction, which could ignite an uptrend one more time. Litecoin price failed horribly around $9, which caused a heavy downside reaction. The price trimmed more than 40% gains to trade as low as $3.24. Buyers somehow managed to hold the downside around the stated area. Break higher? There is a bearish trend line formed on the 4-hours chart,....
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The Litecoin price continued to tail Bitcoin in its time of uptrend, and retested new higher highs - near 1.98 - during the 3/3 trading session. In later hours, the price went through a routine correction, and got dumped to as low as 1.92. This was the same time Bitcoin attempted a readjustment and fell to 276 from the intraday high 294. And now as the locomotive attempts yet another bounce back, its bogie Litecoin is doing something similar in the USD markets. As you can see the technical indicators in the 4H OKCOIN chart above, the Litecoin price is comfortably trending in a bullish....
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 (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....
Litecoin Price Key Highlights. Litecoin price has been gradually trending higher against the U. S. dollar, mostly due to the latter's selloff in recent trading sessions. Price is currently testing the bottom of the ascending channel visible on its short-term time frame and might be due for a bounce. Litecoin price is on a steady uptrend these days and could be in for a much stronger bounce, as it is testing the rising channel support. Bullish divergence forming. Litecoin price has been forming higher lows while technical indicators drew lower lows, creating bullish divergence for both RSI....
Litecoin price increased a bit during yesterday's trading sessions to record a high of $1.86 and a low of $1.83. It seems that the price will continue to rise; especially that bitcoin price is rising as well. By studying the 1 hour Bitfinex (LTC/USD) charts from tradingview.com and plotting the 20 hour EMA accordingly (look at the below chat), we can conclude the following: We can now spot a new uptrend line that has started on the 18th of February as shown by the two green trend lines on the below chart. Litecoin price is pushing upwards slowly and the support level has also been rising....