Litecoin (LTC) Near-Term Route Could Be Determined By This Factor
Litecoin (LTC) could be heading the bearish route. According to CoinMarketCap, LTC has nosedived by 0.52% or trading at $56.50 as of press time. Litecoin going the bearish track LTC down by 0.52%, trading at $56.50 LTC engulfing candlestick shows increased selling pressure In the past few days, LTC is seen to be hovering close to its midpoint. Notably, Litecoin is down by 12.75 from its five-day high yet spiked by 7.26% compared to its five-day low that registered at $52.56. LTC price is gliding above the key resistance level. The support is now spotted at $54.17 and resistance is present....
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Bitcoin price traded below $19,000 on Wednesday morning, as the leading cryptocurrency plummeted to its lowest level since July, due to a decline in global stock markets and the U.S. dollar’s sustained strength. As of this writing, Bitcoin (BTC) is trading at $18,741, down 5.5% in the last seven days, data from Coingecko show, Wednesday. The last time Bitcoin fell below $19,000 was on July 4, when its price reached $18,600. The current level is a 25% correction from the August 15 rally to $25,000. Prior to reaching $18,600, BTC touched $18,900 in November 2020 en route to its....
Litecoin has fallen to $2.677 after a fresh collapse from the short-term support line. The technical indicators are suggesting oversold conditions, but I believe that the cryptocurrency can still lose value in the coming sessions. There is also a slim chance that Litecoin may briefly enter into a very tight range. Take a look at what the technical indicators are saying about Litecoin. Litecoin Chart Structure - After the tiring sideways consolidation which extended for 9 straight sessions, Litecoin broke down from the short-term support and is seen heading towards the monthly low of....
Bitcoin has faced growing competition from newer cryptocurrencies, one of which is litecoin. Bitcoin was first introduced around 2008 in a paper by Japanese Satoshi Nakamoto and rose to fame for the next few years while litecoin was launched in 2011. According to its creators, litecoin could act as a secondary cryptocurrency to bitcoin, just as silver is a lower kind of precious metal compared to gold. As of this writing, litecoin has a market capitalization of around $75 million and is actually proving to be a rival of bitcoin, which is currently holding a market size of $4 billion.....
The party continues in Litecoin markets as the price rose another 2.66% or $0.13 to $4.978. With successive gains, Litecoin is fast approaching its previous top of $5.237. The technical indicators reflect no weakness as of now. Litecoin may have some more steam left in it, and hence, dips can be used to buy the cryptocurrency. Read on to find the latest technical factors below. Litecoin Chart Structure - In yesterday's rally, Litecoin jumped to $5.080 before easing slightly. Another factor weighing on Litecoin is the stalling of Bitcoin. I had earlier mentioned that the rise in Litecoin is....
In the previous Litecoin price technical analysis Flat Action, we discussed that if Litecoin fails to cross the resistance posed by the level of $3.160, it runs the risk of entering into a range. As can be seen, Litecoin has plummeted 4.44 percent to $2.907 as traders resorted to profit taking near the resistance. Another factor weighing on Litecoin is the weakness in the Bitcoin market. However, the good news is that Bitcoin is now close to its support level of $235. Values from the technical indicators overlaid on the daily LTC-USD price chart also suggest that there is an increased....