Litecoin Price Weekly Analysis - Trend Line Break Near
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....
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Key Highlights. We were anticipating a break in the Litecoin price recently, which happened as the price traded below the last week pivot and created a new low. There is a lot of bearish pressure, suggesting that more losses are possible in the near term. Litecoin price continued to trade lower, as the price failed to break and settle above the 100 hourly simple moving average. The Litecoin price settled below an important support area of $3.00, which was a bearish sign. The mentioned level could act as a resistance if the price corrects higher in the near term. There was already an....
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 price after finding bids near the $3.30 level traded higher. If buyers break the highlighted trend line then a move towards $4.0 is possible. Intraday Support Level– $3.30. Intraday Resistance Level – $3.45. Litecoin price found bids this past week, and every downside move found buyers. There was a strong support formed near $3.30, which acted as a barrier for sellers. The price is currently trading higher and looking for a break higher. There is a bearish trend line formed on the 4-hours chart (data feed via Bitfinex), which is currently acting as a hurdle for more gains. A....
Key Highlights. Litecoin's price corrected sharply higher this past week, and is following a nice bullish trend line on the 2-hour chart (data feed from HitBTC). As long as the price is above the trend line, there is a possibility of a move towards $4.00-20. There is another support trend line formed on the hourly chart (price feed from Bitfinex), which is helping buyers to take the price higher. Litecoin's price recovered after trading as low as $3.50, and is currently trading above an important support area that holds the key moving ahead. Trend Line Support. Litecoin price slowly....
Key Highlights. Litecoin continued to find support every time sellers managed to take prices lower. An important support trend line is formed on the 4-hours chart of LTCUSD. There is a major barrier for LTCUSD around the 1.50 level, which acted as a catalyst forsellers to take prices lower. However, there is a monster bullish trend line, which is providing support to Litecoin and if buyers gain control, it might take prices higher in the near term. Currently, the price is constrained inside Bollinger bands, and forming a consolidation pattern. LTCUSD is waiting for a catalyst to break....