Litecoin Price Weekly Analysis - Buyers Beware
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....
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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....
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....