Litecoin Price Weekly Analysis - Another Wave higher?
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....
Related News
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. As highlighted during the last week's analysis, Litecoin enjoyed a monstrous rally and currently consolidating gains. There is a chance of one more spike higher, but in that situation, it would be interesting to see how sellers react. Litecoin recent surge higher towards the $2.00 level was very impressive, but the price was just shy of the mentioned level and traded as high as $1.94. Currently, the price is consolidating and setting up for the next move. The Bollinger bands are shrinking and pointing that the price might move in a range after the mentioned monstrous rally.....
Key Highlights. Litecoin price fell lower as anticipated in the weekly forecast and reached our sell trade target of $3.50. There was a sharp reversal noted from the mentioned area, as the price managed to recover all its losses. There is a chance of a double top pattern on the hourly chart around $3.83-85 (price feed from Bitfinex). Litecoin price after completing a correction started to trade higher once again, but it is facing a tough barrier near the last swing high of $3.85. Can Litecoin Price Move Lower? Litecoin price after setting a short-top near $3.83 moved lower as a part of....
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.
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....