Litecoin Price Weekly Analysis - Holding an Important Support
Key Highlights. Litecoin's price corrected sharply higher this past week, and is following a nice bullish trend line on the 2-hour chart (data feed from HitBTC). As long as the price is above the trend line, there is a possibility of a move towards $4.00-20. There is another support trend line formed on the hourly chart (price feed from Bitfinex), which is helping buyers to take the price higher. Litecoin's price recovered after trading as low as $3.50, and is currently trading above an important support area that holds the key moving ahead. Trend Line Support. Litecoin price slowly....
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Key Highlights. Litecoin price after finding support around $3.24 traded higher, but facing an important hurdle on the upside. There is a major bearish trend line formed on the 4-hours chart of Litecoin, which is holding gains in the near term. Litecoin price making an attempt to move higher, but sellers are facing some key resistance areas which are needed to be breached. It looks like that after the monstrous decline as mentioned in one of the previous analyses, the Litecoin price is finding buyers around $3.20 support area. The price made an attempt to correct higher, but it faced....
Litecoin is holding up fairly well at $2.955 after Bitcoin successfully retested the important support level of $235. The cryptocurrency is up 1.65 percent but it may have entered into a range of $2.500-3.160. My view above is based on the price action and the latest technical indications drawn from the daily LTC-USD price which fail to induce much confidence. Litecoin Chart Structure - Litecoin's fall was arrested by a swift rise in the price of Bitcoin after it kissed $235. Apart from Bitcoin's contribution, Litecoin also received good support from the 9-day simple moving average of....
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 Key Highlights. Litecoin price held the ground as highlighted in the previous week's analysis that the $2.40 support area holds the key. A bearish trend line formed on the 4-hours chart of the Litecoin price was breached to open the doors for more gains in the near term. Litecoin price has managed to break a major resistance area, which might ignite an upside rally moving ahead. Retest of $3.80? The Litecoin price found support around $2.40, which acted as a major hurdle for sellers and prevented more losses. There was an upside move recently, as the price managed to break....
Litecoin has dropped 6.47 percent to trade at $2.733 as the underlying negativity comes to the fore. We discussed in the previous Litecoin price technical analysis The Pressure is Evident that there is a very low probability of the price trending higher and that bears may make an early comeback. This decline has also brought the price closer to its very important technical support of the 200-day simple moving average (SMA). The question that the trading community is now asking is: will this level cushion Litecoin once again? I continue to remain bearish on Bitcoin as well, which I believe....