Litecoin Price Weekly Analysis - Monstrous Decline
Litecoin price was crushed this past week. Every hope of buyers was diminished once the price broke the $3.50 support area. Intraday Support Level (Bitfinex) can be at $3.00. Intraday Resistance Level on the upside may be at – $3.20. This past week was a crucial one for Litecoin price, as sellers enjoyed a nasty ride. They managed to take the price much lower than the market expected. There was a major support area at the $3.50 level, which acted as a barrier for sellers on many occasions. However, before closing the week, the price fell sharply on Friday and cleared the stated level. The....
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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 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....
Key Highlights. Rubycoin's price dived down sharply after failing to break a major resistance area near 0.000511 BTC. After breaking a critical support trend line on the 4-hour chart (price feed from Bitfinex), there was a monstrous decline. After recovering a few points higher, the price declined and moved below the 0.00030 BTC support area. Rubycoin's price moved further down. There was an attempt by buyers to take the price higher, but it failed to sustain momentum. 0.0002 BTC as a Support Area. Rubycoin's price slide continued, and there was another leg down taking the price below a....
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,....
Last week, the litecoin price fell 11% amid widespread altcoin decline. Since then, the litecoin price has not improved-but it has not gotten worse either. The litecoin price maneuvered the ups and downs of the altcoin market to remain relatively stable from October 11-18. Also Read: Litecoin Mining Pools Receive Help from KNC to Improve Titan Hash Rate. Litecoin Price Holding Steady After Dip. On October 11, the litecoin price was still reeling from a weekly decline that had dropped the coin's value from ~1,150,000 satoshis to 1,034,500. The decline continued until October 13, when the....