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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Litecoin recent price action has left traders at a crossroads as the cryptocurrency struggles to recover from a sharp rejection at $131. After an attempt to push higher, LTC failed to hold its momentum, turning $113 into a critical level that could shape its next move. With bullish hopes now hinging on this key support, can Litecoin bounce back, or is further downside inevitable? The market is closely watching for signs of strength from buyers, as holding above this level will probably reignite upside momentum and set the stage for another rally. On the other hand, a breakdown could expose....
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....
Cardano has faced significant volatility and selling pressure, mirroring the struggles of the broader crypto market as it searches for strong support. Since early December, ADA has seen its price plummet by over 61%, with bears dominating the trend and bulls unable to reclaim momentum. Despite the challenging environment, Cardano has shown signs of recovery, experiencing a 15% breakout yesterday that has pushed the price to a critical level. Related Reading: Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs? This breakout offers a glimmer of hope for investors, but ADA....