Litecoin Price Weekly Analysis – Trading Near Crucial Juncture

Litecoin Price Weekly Analysis – Trading Near Crucial Juncture

Litecoin price after finding bids near the $3.30 level traded higher. If buyers break the highlighted trend line then a move towards $4.0 is possible. Intraday Support Level– $3.30. Intraday Resistance Level – $3.45. Litecoin price found bids this past week, and every downside move found buyers. There was a strong support formed near $3.30, which acted as a barrier for sellers. The price is currently trading higher and looking for a break higher. There is a bearish trend line formed on the 4-hours chart (data feed via Bitfinex), which is currently acting as a hurdle for more gains. A....


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Litecoin Price Weekly Analysis - Trading Near Critical Juncture

We mentioned during this past week’s analysis that the $3.50-55 area holds the key for Litecoin price. The price settled above the stated level this past week and traded as high as $3.64. There was a bearish trend line on the hourly chart, which was cleared to take the price higher. Now, it looks like a short-term top is created near $3.64, as the price corrected higher. However, the correction phase extended more than anticipated, and if sellers remain in control, then the price may head further lower.

Litecoin Price Technical Analysis for 16/9/2015 - Keep A Close Watch

Yes, that is the advice I have for market participants involved in Litecoin trading. Litecoin is currently at a juncture where if it begins its upward climb, it can give high returns; but if it falls, then there is a roughly 25 percent downside. Remember my September price target - $2.000? Trading at $2.790, Litecoin is trying to limit its losses, however, it cannot help much since the Bitcoin markets are under tremendous pressure. Bitcoin is now at $230, but if it closes below $220 on a weekly basis, then a major collapse will ensue which will adversely affect Litecoin as well. Below are....

Litecoin Price Technical Analysis for 7/10/2015 - Strong Resistance Ahead

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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....

Litecoin Price Technical Analysis for 13/10/2015 - A Decisive Drop?

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