Litecoin Price Weekly Analysis - Sellers To Be Tested
Key Highlights. Litecoin price after finding support around $3.24 traded higher, but facing an important hurdle on the upside. There is a major bearish trend line formed on the 4-hours chart of Litecoin, which is holding gains in the near term. Litecoin price making an attempt to move higher, but sellers are facing some key resistance areas which are needed to be breached. It looks like that after the monstrous decline as mentioned in one of the previous analyses, the Litecoin price is finding buyers around $3.20 support area. The price made an attempt to correct higher, but it faced....
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Litecoin price was crushed this past week. Every hope of buyers was diminished once the price broke the $3.50 support area. Intraday Support Level (Bitfinex) can be at $3.00. Intraday Resistance Level on the upside may be at – $3.20. This past week was a crucial one for Litecoin price, as sellers enjoyed a nasty ride. They managed to take the price much lower than the market expected. There was a major support area at the $3.50 level, which acted as a barrier for sellers on many occasions. However, before closing the week, the price fell sharply on Friday and cleared the stated level. The....
Litecoin Price Key Highlights. Litecoin price rocketed higher and gained by more than 30% to trade above the $4 resistance area. The price traded as high as $4.19 and currently correcting lower with a chance of another bullish ride. Litecoin price gained heavily this past week, as there was a sharp spike higher that took the pair above the $4 level. Trend Line break? The Litecoin price this past week moved a bit lower before finding buyers around the $2.90 support area. There was a solid buying interest noted around the stated level, which ignited a run higher. The upside was very strong....
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,....
We mentioned during this past week’s analysis that the $3.50-55 area holds the key for Litecoin price. The price settled above the stated level this past week and traded as high as $3.64. There was a bearish trend line on the hourly chart, which was cleared to take the price higher. Now, it looks like a short-term top is created near $3.64, as the price corrected higher. However, the correction phase extended more than anticipated, and if sellers remain in control, then the price may head further lower.
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....