Litecoin Price Won't Go Quietly - Chance of Bounce Grows
Key Highlights. After surging higher towards $4.30, Litecoin's price found resistance and moved down sharply to trim all its gains. A support trend line on the hourly chart (price feed from Bitfinex) was also cleared during the downside drift. However, a bullish trend line on the 4-hour chart (data feed from HitBTC) is holding the downside and may ignite an upside move. Litecoin's price was crushed this past week after it gained momentum, but it looks like it won't go down quietly and may bounce once again. Trend Line Support on 4H. There was a nice ride in the Litecoin price this past....
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Litecoin Price Key Highlights. Litecoin price has been gradually trending higher against the U. S. dollar, mostly due to the latter's selloff in recent trading sessions. Price is currently testing the bottom of the ascending channel visible on its short-term time frame and might be due for a bounce. Litecoin price is on a steady uptrend these days and could be in for a much stronger bounce, as it is testing the rising channel support. Bullish divergence forming. Litecoin price has been forming higher lows while technical indicators drew lower lows, creating bullish divergence for both RSI....
Litecoin for some moments returned to the level of $3.00. It seems that it is not the last contact with the strong level of $3.00. Traders can make careful purchases below the level of $3.00. The main weakening factor for all cryptocurrencies now is the Chinese New Year’s Eve. Traditionally, during this period Chinese people exchange cryptocurrencies for Yuan. I must remind you, that Litecoin has a wide popularity among Chinese miners and traders. Therefore, it is hardly possible to count on growth of this cryptocurrency in the next few days. DASH surely and quietly grows, without paying....
Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest […]
On the 12-hour chart of Litecoin we see that yesterday there was the fifth reach to the top of $3.80 in two weeks, which happened due to a sharp growth of Bitcoin again. However, Litecoin went higher than $3.50 and then moved down to the same level of $3.20. This time, while the Bitcoin price grows, the LTC/BTC pair fell, having reached an 0.085 exchange rate. While miners don't believe in Litecoin prospects, this cryptocurrency has no prospects for steady growth.
On-chain data shows the Litecoin transaction volume has more than doubled in the last year, a sign that could be positive for the network. Litecoin Transaction Volume Has Shown Steady Growth Recently In a new post on X, Jay Milla, director at Litecoin Foundation, has discussed about the growth in on-chain activity that LTC has […]