Litecoin Price Weekly Analysis - Triangle Break Near?
Key Highlights. The Litecoin price after declining close to $2.90 managed to find bids and corrected higher. There is a contracting triangle pattern forming on the hourly chart, which is likely to pave the way for more gains. The price is placed above the 100 hourly simple moving average (price feed from Bitfinex), which is a positive sign. Litecoin price may move a bit higher from the current levels, but it might find sellers around an important pivot area of $3.80. How important is $3.80 as a Resistance? We mentioned in one of the previous analyses that the bulls appeared around $2.90 to....
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Litecoin (LTC) has struggled against Tether (USDT) as bulls continue to push the price above the key support region, forming a bullish chart pattern. Bitcoin’s (BTC) price has shown less steam compared to recent times; this has affected most crypto assets, including the price of Litecoin (LTC). (Data from Binance) Related Reading: Lightning Speed: 5 Ways To Make Money/ Earn Sats Using The Lightning Network Litecoin (LTC) Price Analysis On The Weekly Chart Litecoin (LTC) price has shown so much strength after hitting a low of $42; the price bounced off from this region and rallied to....
Litecoin price yesterday struggled to break a contracting triangle pattern formed on the 30-min chart via the data feed from Bitfinex. Our idea of a short-term buy did not work out, as the price never managed to settle above the contracting triangle. In fact, our idea of selling with a break worked, as the price traded below the support trend line of the triangle and moved towards the $3.44 level. An important point to note is that the price retested the broken triangle trend line where it found sellers for a downside move. It can be seen as a perfect example of a support acting as a....
Key Highlights. Litecoin price attempting to recover after declining sharply towards $3.35-30. There is a contracting triangle pattern formed on the hourly chart (data feed from HitBTC), which may ignite a short-term break moving ahead. The broken support area near $3.50-60 is likely to remain a major barrier for buyers if the price trades higher from the current levels. Litecoin price current attempt to recover may face a lot of hurdles on the way, especially around the $3.50-60 resistance area. Triangle Break in Litecoin Price? It looks like that Litecoin price is under a correction....
Last week the Litecoin price chart has painted a triangle between the levels of $3.50 and $3.20. As it has entered this triangle from above – the exit most probably will appear from below. Besides, the LTC/BTC pair has considerably given up its exchange rate positions in a week from the level of 0.097 to 0.091. China is the driver for Litecoin price, therefore for us, it is important to look and at the Chinese exchanges. Near the level of 21.5 yuans (approximately $3.2) we can observe a high concentration of orders from traders. If this level is passed with the movement down, there will be....
Our highlighted break for Litecoin price on the 30-min chart via the data feed from Bitfinex was true as the price continued to move down. The price even broke the $3.44 low and formed a new low of $3.42. Now, if we look at the hourly chart via the data feed from Bitfinex, then there is a contracting triangle pattern formed. However, one critical point to note is the fact that the price is now below the 100 hourly simple moving average. The price already tested the triangle support area on a couple of occasions, but buyers managed to prevent a downside break. There is a chance that sellers....