Litecoin On The Verge Of Monster Move Against Bitcoin

Key Highlights. Litecoin price after attempting a correction failed, and currently heading lower. The price breached a monster support area, which is signaling towards more declines ahead. Litecoin price clearing a critical support area is a warning sign to buyers and could ignite a downside move. Litecoin price solid run towards the upside failed around $8.98, as it traded lower. The downside was stalled around $3.24. It was a monster decline, as pointed in the previous weekly analysis. However, buyers made an attempt to take the price higher, but the upside was stalled just below the....

Litecoin price continued to weaken this past week. Now, now it looks like if the bulls fail once again, then a move towards $2.50 is likely. Intraday Support Level can be $3.00. Intraday Resistance Level may be $3.45. Litecoin has been traded at a lower price this past week and tested the $2.90 support area where the buyers found hard to prevent the downside move. It is important to note that the $3.00-2.90 area acted as a major support earlier, and it holds a lot of importance for the price in the days to come. There is clearly a monster contracting triangle pattern forming on the daily....

Key Highlights. Litecoin prices continued to move higher, and are likely heading towards the all-important $4 resistance area. There is a support trend line formed on the hourly chart (data feed from Bitfinex), which can be seen as a buy area. There is a monster channel formed on the 2-hour chart (data feed provided by HitBTC), which may act as a catalyst for the next move. Litecoin's price remains supported on dips, and there is a high probability that it may move towards $4 where sellers could prevent the upside. Buy Dips? Litecoin's price gathered pace recently, as forecasted in....

Litecoin price recovered well after a major drop. However, the bulls have a job on their hand, as LTC/USD faces a major resistance areal. An important resistance Level is at $3.25. Litecoin price managed to trade higher against the US dollar and was mostly seen consolidating below a major resistance area of $3.25-30. There is a confluence area forming around the stated levels, as there is a bearish trend line on the 4-hours (data feed via Bitfinex) positioned. Moreover, the 61.8% Fib retracement level of the last drop from the $3.40 high to $3.00 low is also aligned near it to increase the....

Key Highlights. Litecoin's price-after collapsing towards $3.50-started to trade in a range, and is preparing for the next move. There is a monster support trend line formed on the 2-hour chart (data feed from HitBTC), which holds the key moving ahead. A break and close below $3.50 could ignite more losses and take the price towards $3.30. Litecoin's price is likely setting up for the next move, and it would be interesting to see whether buyers manage to defend the $3.50 support area or not. Can Sellers Make it? Litecoin prices fell sharply this week after trading as high as $4.30; the....