Litecoin Price Weekly Analysis - Buyers Continue To Struggle
Key Highlights. Litecoin price continued to move lower, as there was a lot of bearish pressure and buyers struggled to take the price higher. There is a bearish trend line formed on the hourly chart, which is preventing gains in the near term. Litecoin price traded lower and fell close to $2.40 before finding buyers to protect additional losses. There was a sharp downside reaction this past week, as the price dived towards $2.40. However, there was a nasty reaction noted around the mentioned area, as buyers pushed the price higher. Now, there is a bearish trend line formed on the 4-hours....
Related News
Litecoin price struggle to trade higher continues. It looks like it may head lower as the 4-hours chart is signaling a critical break. Intraday Support Level (HitBTC) may be at $$3.00. Intraday Resistance Level (HitBTC) where buyers could struggle can be at $3.15. Litecoin price struggle to trade higher continues, and it looks like it may head lower as the 4-hours chart is signaling a critical break. Litecoin price recently tested the $3.00 support area where it found buyers and corrected higher. However, it is facing a lot of hurdles on the way up. Looking at the 30-mins chart (data feed....
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 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....
Litecoin price moved a few points higher to trade near the 100 simple moving average on the 2-hours chart (data feed from HitBTC). However, sellers defended the 100 MA successfully and prevented the upside move. There were more than two attempts to break it, but buyers failed to take the price higher. If we look at the technical indicators, then there are a few bullish signs. The 2-hours MACD is in the bullish zone, and the RSI is above the 50 level suggesting that there is a chance of an upside break.
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....