Litecoin is Entering a Timeframe to Watch
Yesterday we looked at ethereum and saw there is reason to start watching the coin for signs of life. In the days previous we saw the same thing about bitcoin. This inspired me to bring up a chart of litecoin to see if the chart of this rather stagnant coin has anything to say. To my pleasant surprise, it does indeed. Let’s first have a look at a long term bull setup: This bull setup spans an almost 55 day period from May to July 2015. The check to see if the market is respecting the setup seems to indicate that it is. For example, note the reversal at almost the end of the 1st square....
Related News
In the previous Litecoin price technical analysis Flat Action, we discussed that if Litecoin fails to cross the resistance posed by the level of $3.160, it runs the risk of entering into a range. As can be seen, Litecoin has plummeted 4.44 percent to $2.907 as traders resorted to profit taking near the resistance. Another factor weighing on Litecoin is the weakness in the Bitcoin market. However, the good news is that Bitcoin is now close to its support level of $235. Values from the technical indicators overlaid on the daily LTC-USD price chart also suggest that there is an increased....
The Litecoin price in the USD markets dropped 1% in over the last 24 hours, while tailing Bitcoin to its bearish correction sentiment. A part of this downtrend could be blamed on the fundamentals surrounding the routinely happening Silk Road Bitcoin auctions. The Bitcoin's value has always retreated little-to-medium once the auction is done. The Litecoin price, as usual, has followed its locomotive's sense of direction. By looking at the 4H OKCOIN chart above, we can see Litecoin price almost going below the 50-H MA (the black curve). There it is also very close to entering the oversold....
Here's a primer on multi time frame analysis, and how we are going to use it ahead of tomorrow morning's intraday parameter setting. Things have been a little dull on the bitcoin price intraday charts over the last week or so, and we’ve had to reiterate a number of our levels across some pretty insignificant movements in these twice daily bitcoin price watch pieces as a result. This morning we covered a pretty solid range, and things remain well within that range as I write this, so as to avoid repeating our positions, this evening’s price watch piece will be something a little different.....
In the past, some have called Litecoin the “silver to Bitcoin’s gold.” Now many Bitcoin proponents are eagerly watching Litecoin as miners have just begun signaling for Segregated Witness (Segwit). Bitcoin community members hope Litecoin’s Segwit implementation may show a silver lining beneath the ongoing scaling debate. Litecoin Miners Begin to Signal....
Litecoin (LTC) price shows an extremely bullish trajectory as it aims to breach the $64.02 mark. Litecoin immensely bullish as it targets to breach the $64.02 mark. Support spotted at the $60.87 level. Price facing hurdles at the $64.32 zone. On the other hand, LTC is facing hurdles at $64.32 as the bulls’ strong upheaval waned a bit. LTC’s price was at $60.87 early today and has even managed to reach a high of $64.32 with the bulls trying to nudge the prices higher. LTC price has seen a tremendous boost of more than 3.47% as seen overnight and currently trades along the $64 range.....