Litecoin Price Shows Resilience In Uncertain Market Conditions — What’s Next ...
The Litecoin price has been one of the better-performing assets since a wave of bearish pressure swept the market this past week. While the altcoin initially succumbed to the downward pressure, the price of LTC has recovered to its former highs before the downturn. Thanks to its recent positive momentum and resilience, the Litecoin price is outperforming Bitcoin, the largest cryptocurrency by market capitalization. Now, the question is — how long can LTC keep this up against the Bitcoin price? LTCBTC Rises 25% In February In its latest post on the X platform, market intelligence firm....
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The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire way to put these doubts away, on-chain data can provide relevant insights into what is to come. The latest on-chain data suggests the highlighted level below is the one to watch before investors return to the market. Level To Watch Before....
It's once again becoming obvious that there's a strong correlation between bitcoin and litecoin price. Some days ago it looked like the bearish mood of the market disappeared for a while; but as expected, the recent decrease in bitcoin's price also had an effect on the litecoin price. Blame it on bitcoin(?). LTC/USD experienced ~7% losses today getting further away from $2 per coin. It seems like the 'bullishness' didn't really catch on after we noticed some positive movement last Sunday. It's not really that surprising to see litecoin price go down on a day like this, where almost all....
Over the past seven days, eight of the top ten altcoins have decreased in price. Six of these, including the litecoin price, the Dogecoin price, and theDarkcoin price have fallen by more than 10%. CCN examines this altcoin price decline. Also read: Litecoin Price Fails to Recover From Bitcoin Price Panic. Litecoin Price Falls 11%. Litecoin investors may have thought the recent revelation of a security vulnerability within the Ripple protocol would have enabled Litecoin to reclaim the second spot on the market cap charts. However, the litecoin price has been in decline as well, falling 11%....
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....
After making a low at 1.32 last week, litecoin has been in consolidation. The 1H chart shows the narrow consolidation range between 1.32 and 1.46. Litecoin (LTCUSD) 1H Chart April 20. Here are some observations from the 1H chart:1) The market has been relatively quiet over the weekend, but after price met with the 200-hour simple moving average (SMA), there was a bearish reaction. This shows that bears are in control. 2) The RSI shows a market in consolidation. It is now heading to 30, which could be a sign that the market is reviving the bearish momentum. If the RSI tags 30, and holds....