Five Signs Litecoin Has Bottomed, Next In Line For New ATH
Litecoin during the last cycle was as popular and hyped as other top cryptocurrencies Bitcoin and Ethereum. This time around, however, the coin called digital silver isn’t performing anywhere nearly as well as its digital gold counterpart or even other altcoins. Whatever has been causing the lag behind the rest of the market, there are […]
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Litecoin Price Key Highlights. Litecoin price after trading lower to trade near $2.40 managed to recover ground and traded higher. A bearish trend line is formed on the hourly chart of the Litecoin price, which is acting as a barrier for sellers. Litecoin price might head higher in the near term, as there are a few bullish signs emerging on the hourly chart. Can Buyers Overcome Odds? There was a downside reaction noted in the Litecoin price, which took the price towards $2.40. However, later buyers appeared to protect losses and took the price higher. There is a bearish trend line formed....
Key Highlights. Litecoin's price is struggling to gain momentum, and continued to probe an important bearish trend line on the hourly chart (data feed from Bitfinex). Only a break above the highlighted trend line and resistance area could ignite an upside move. On the positive side, there is a bullish trend line formed on the 2-hour chart (data feed from HitBTC), acting as a support. Litecoin's price is showing bearish signs if we look at the lower time frame chart, but it is bullish if we look at the 2-hour chart. Buy with a Break? Litecoin's price looks like it's struggling to gain....
Litecoin price if stays positive may trade higher. There is an inverse head and shoulders pattern in making that can ignite an upside rally. Support Level (HitBTC) is at $3.08. Resistance Level (HitBTC) may be $3.18. Litecoin price is showing a few positive signs on the lower as well as on the higher time frame charts. The price yesterday attempted on a couple of occasions to clear a bearish trend line formed on the 30-min chart (data feed via Bitfinex), and buyers finally succeeded in taking the price higher. The price cleared yesterday’s bearish trend line, but there is now another....
Litecoin Price has been ranging between $3.20 and $3.70 since last Thursday, which reflects the low volatility of the market currently, as opposed to the high volatility we witnessed during the last week of October. Litecoin price printed $3.4 at the time of writing of this analysis and signs of an upcoming uptrend started to emerge. 5 Bullish Candles on the 1 Hour Charts: By analyzing the (LTC/USD) 1 hour charts from Bitfinex (look at the below chart), keeping the Fibonacci resistance fan we plotted on last Thursday's analysis and plotting the 20, 50 and 100 EMAs; we can conclude the....
Litecoin falls 2.19 percent to $3.030 as market participants booked profits in their long positions. The cryptocurrency fell from a high of $3.120 to a low of $2.994 before recouping losses partially. Litecoin Chart Structure - As Litecoin falls towards its strong support (marked in the daily LTC-USD price chart above), buyers are rushing in to buy the cryptocurrency. That is good trading sense given that the trendline has been retested 4 times before and has resulted in a stronger rebound. But, this time, things may work out differently. Why? Read on below what the technical indicators....