Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs?
Litecoin has experienced a strong bullish surge in recent days, climbing over 30% since last Friday. This impressive rally has positioned Litecoin as one of the top-performing altcoins during a period of market uncertainty. Analysts and investors are now speculating about the potential for a massive breakout in the coming weeks as Litecoin continues to show relative strength compared to other cryptocurrencies. Related Reading: Cardano Is Showing Signs Of A Potential Rebound As Key Indicator Flashes A Buy Signal – Analyst Top analyst BigCheds shared a detailed technical analysis, revealing....
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Consolidation within Consolidation: Litecoin has rebounded from the low of the year at about 1.10 to about 2.45 before falling back towards the middle of this price range. It has since been consolidating in a smaller range roughly between 1.80 and 2.05. Litecoin (LTCUSD) 4H Chart 2/24. Setting up for a Breakout: The 4H chart shows a market that has turned sideways as the moving averages went from sloping down with bearish alignment, to moving sideways in a cluster. With price moving up and below these moving averages (200-, 100-, and 50-period), we know the market is losing direction but....
It is very uncommon to see that when Bitcoin rises by 2 percent, Litecoin would rise by a lesser magnitude. What is even rarer is to see Litecoin fall when Bitcoin market hits a new peak almost every day. And now is one such case. Litecoin is currently trading at $3.090, down 1.31 percent as bulls fail terribly at using the positive momentum to cross the resistance. I had expected a big surge in Litecoin if Bitcoin were to break past $250. I am left very disappointed. But, even so, let us take a look at the latest underlying technicals. Litecoin Chart Structure - As can be clearly seen....
Litecoin Price Key Highlights. Litecoin price is consolidating tightly on its 1-hour time frame, finding resistance at 3.320 and testing support at 3.215. Further consolidation might be likely, as technical indicators are barely offering strong directional clues at the moment. A downside break from the current range of litecoin price could lead to a move down to the next floor at 3.150. Two Ranges Present. Litecoin price appears to be pressing down on the bottom of the range, as it has formed lower highs since late last week. This suggests that bearish momentum is building up and sellers....
Litecoin (LTC) has continued to range in a channel against Tether (USDT) as it attempts to break out of this trend. The price of Litecoin LTC has shown little to no major movement despite the change in trend across the market in recent weeks as many altcoins rallied and produced gains of double digits. (Data from Binance) Related Reading: When Will Bitcoin Become An Inflation Hedge? Scaramucci Explains Litecoin (LTC) Price Analysis On The Weekly Chart From the chart, the price of LTC saw a weekly low of $45, which bounced from that area and rallied to a price of $56; considering its....
In our intraday technical analysis piece we published yesterday afternoon, shortly before the European session drew to a close, we pointed out couple of key levels to watch in the bitcoin price and suggested that a break of any of these levels would offer us a medium-term bias and signal entry in the direction of the break. Action is now matured overnight, and we did see a break - somewhat unexpectedly - to the upside. This said, what are we looking at now in the bitcoin price? Take a quick look at the chart. As the chart shows, having reached floors of around 237 early Tuesday morning,....