Litecoin Price Technical Analysis for 21/9/2015 - No Trading Zone
The Litecoin market has gotten awfully quiet, and so has the Bitcoin market. Now at $2.820, Litecoin is relatively unchanged on a weekly basis, and its key to survival depends on how Bitcoin behaves in the coming sessions. Market participants should note that the technical indications coming out of the Bitcoin market are reflecting a strong bearish bias, which could be a worrisome sign for the Litecoin bulls as well. Here are the latest technical indications derived from the daily LTC-USD price chart. Litecoin Chart Structure - Litecoin is currently trading closer to its recent low of....
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Litecoin bears have been smoked by the massive 27% rally in the past 24 hours following a high volume breakout from the range I discussed in my previous analysis, New Range. The surreal rise in Litecoin price has also pushed it to the highest level of 2015. Litecoin is currently trading at $3.871, a strong advance from yesterday's $3.047. Litecoin's jump to a fresh 2015-high closely follows Bitcoin's leap to a new June high, as the Greece crisis comes to its D-day. A technical look at the 240-minute LTC-USD price chart above tells that Litecoin has entered the "no-buy" zone due to its....
Following the lead of Bitcoin, Litecoin has gained 5.69% over the weekend. The advance has also brought the price closer to its resistance zone, beyond which Litecoin may witness a massive rally. Litecoin is currently trading at $3.047. In my previous analysis titled This Market is not for the Greedy!, I had suggested that Litecoin be shorted by keeping a strict stop-loss above $2.980. Those who would have followed this advance would have minimized their losses significantly. Technical analysis of the 240-minute LTC-USD price chart points to a probability that the cryptocurrency may, in....
Yes, you read that right! The next price target for Litecoin is $2.000; my previous PT (price target) of $3.000 for August has been met and surpassed, and I believe the cryptocurrency will witness severe pain in the coming sessions as well. As Bitcoin witnessed its Black Monday, it became increasingly clear that Litecoin will face the wrath of the bears. Litecoin is currently trading at $2.530, down a massive 24 percent and the decline may only accelerate going forward. Take a look at the latest daily LTC-USD technical considerations below. Litecoin Chart Structure - Litecoin has broken....
Litecoin has posted impressive gains of over 5% during the weekend and crossed crucial technical resistance levels. I never expected bears to lose control of the situation but now that they have, bulls are back into the driver's seat and look steady to take the price to higher grounds. Litecoin is currently trading at $1.760, below the base of the previous consolidation zone. Technical analysis of the 240-minute LTC-USD price chart explains that the cryptocurrency may well be on its way up, but the market participants should take note of the below mentioned price levels. Litecoin Chart....
The massive rally in Litecoin has absolutely crushed the bears and made the bulls tremendously richer in a very small period. Litecoin surged roughly 30% since my last analysis to hit a fresh 2-month high of $1.989. As the virtual currency threatened to take out a strong resistance zone, sellers made their comeback and pulled the price considerably down. Litecoin is currently trading at $1.840, off 7.5% from the peak value. The 240-minute LTC/USD price chart clearly tells us that the virtual currency is currently in a “no-trading” zone. Litecoin Chart Structure - In my previous analysis, I....