Litecoin Price Shows Signs of Important Reversal
Key Highlights. Litecoin price surged sharply higher Intraday and broke an important bearish trend line on the 4-hours chart (price feed from Bitfinex). The price managed to settle successfully above the $3.30-40 resistance area and rocketed higher. Buying dips may be a good idea moving ahead after the much needed bullish break. Litecoin price climbed sharply during the past couple of sessions and broke all shackles. Now, can we look to buy dips? Resistance Turned Support. Litecoin price after forming a base near $3.20-10 traded higher and even managed to clear a couple of important....
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At the start of the April 2nd session, we noted that litecoin was showing some initial signs of reversal when it failed to reach down to the 1.60/1.61, March low. As we get started with the April 3rd session, we are seeing some initial signs of the anticipated bullish reversal, at least for the short-term. Litecoin (LTCUSD) 1H Chart April 3rd, 2015. In the 1H chart ,we can see that price spiked up during early part of the April 2nd session, pushing to 1.72 before stalling. This took ltcusd above the cluster of 200-, 100-, and 50-hour SMAs. We also saw the 1H RSI break above 60, showing....
All of a sudden Litecoin price hit $3.30 and reached the important level of $3.80 in a decent jump that would make traders happy. Just the day before, Litecoin gave no signs of getting to the price level of $3 and $3.20, but it did go up slightly to $3.50 and $3.60 and even reached $3.80! This is the same in all cryptocurrency exchanges and, of course, this dynamic could not last long. It’s similar to the pole vaulter — the jump won’t last long. So Litecoin price fell into the correction and returned to the familiar price level of $3.50-$3.70.
Key Highlights. Dash price surged higher and avoided a break below 0.0115BTC once buyers jumped into action. Yesterday's highlighted bullish outside bar pattern paid off and took the price higher. Prices traded close to 0.0121BTC where it found resistance before moving lower once again. Dash price showing signs of a reversal, as buyers successfully defended the downside and pushed the price higher. What does the recent break mean? Yesterday, we highlighted an important bullish pattern on the hourly chart, i.e. a bullish outside bar, which turned out to be valid and took the price higher....
Key Highlights. The Dogecoin price started a correction phase and currently forming a major triangle pattern on the hourly chart. Buyers need to step in and take the price above the highlighted triangle for a rally towards 45.0. Looking at the feed from CEXIO, there is already a break in favor of buyers above a bearish trend line. Dogecoin price is showing important signs of reversal and eyes a break above the 100 hourly MA for more gains. Importance of 100 MA. We were anticipating a corrective rally in the Dogecoin price, and it broke the shackles around 30.0 Satoshis. The corrective....
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....