Litecoin Readies For Next Leg Higher As LTCBTC Tightens Beneath Range High
According to a recent post by CryptoWzrd, the daily technical outlook for Litecoin is aggressively bullish, with the crucial LTC/BTC pair spiking sharply upside, signaling a major injection of capital. Litecoin And LTCBTC Close Bullish, Setting Stage For Further Upside Presenting his technical outlook, CryptoWzrd highlighted a strong bullish performance from Litcoin, noting that both the LTC/USD and LTC/BTC pairs closed with impressive upward momentum. He explained that most of Litecoin’s strength came from a sharp spike in LTC/BTC. The synchronized move between the two pairs reflects....
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Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest […]
Key Highlights. Litecoin enjoyed a monstrous rally as highlighted in the previous analysis. Prices surged higher and traded as high as $1.94 where sellers defended more upsides. Litecoin spiked sharply higher this past week to increase by more than 15%. There was a major range formed on the 4-hours chart before the price rushed higher. The $1.50 level was an important barrier for buyers, which was breached to open the doors for a rally as Litecoin steamed towards $1.90-$2.00. The bulls have completely outpaced the bears and managed to push prices within a span of a single day. Currently,....
Litecoin posted an exceptional rise from yesterday's $1.441 to an intraday high of $1.475 before bulls stopped to recharge their batteries. With this surge, Litecoin also breached the trading range on the upside before profit booking dragged the price back into the range. Litecoin is currently trading up 0.7% at $1.451. Litecoin's recent high volatility price action prompts us to revise the trading levels. Presented below are the technical observations from a 120-minute LTC/USD price chart. Litecoin Chart Structure - Backed by strong bullish mood, Litecoin surged above the crucial....