Will Litecoin Bounce Back? $113 Becomes Key After Recent Rejection
Litecoin recent price action has left traders at a crossroads as the cryptocurrency struggles to recover from a sharp rejection at $131. After an attempt to push higher, LTC failed to hold its momentum, turning $113 into a critical level that could shape its next move. With bullish hopes now hinging on this key support, can Litecoin bounce back, or is further downside inevitable? The market is closely watching for signs of strength from buyers, as holding above this level will probably reignite upside momentum and set the stage for another rally. On the other hand, a breakdown could expose....
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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 […]
Litecoin Price Key Highlights. Litecoin price has been gradually trending higher against the U. S. dollar, mostly due to the latter's selloff in recent trading sessions. Price is currently testing the bottom of the ascending channel visible on its short-term time frame and might be due for a bounce. Litecoin price is on a steady uptrend these days and could be in for a much stronger bounce, as it is testing the rising channel support. Bullish divergence forming. Litecoin price has been forming higher lows while technical indicators drew lower lows, creating bullish divergence for both RSI....
The Litecoin Association has released a roadmap for the future of the well-known cryptocurrency, introducing new software clients, protocol improvements, and the consolidation of the various communication and governance structures. The main points of the roadmap concern software for both consumers and miners, touching on a new membership drive for the Litecoin Association (LA), legal issues, and communication with the Litecoin community. Litecoin Is Back with a New Roadmap. The document may signal the beginning of a comeback for litecoin — even though it never really went away. LTC prices....
So far we have seen Litecoin in a long-term bearish bias, a plague-like downward movement which extended itself in 2015 as well. It is however the first time that the silver coin price neatly touched its 2013's bubble point, the support level which influenced a rally towards $48 - Litecoin's all-time-high. As you can see the weekly chart above, the LTC/USD is valued around 1.68 which is directly coinciding with the levels that originally started the bull-trend towards the ATH in 2013. The reason why 1.68 could be important is because of its knack to act as a borderline between....
Bitcoin has had a big week this past week. With the new all-time highs and the VanEck Spot ETF rejection, it is interesting to see how the market has reacted to these. VanEck had filed its ETF with the SEC and on Friday, it got back the dreaded rejection. The reason given for the rejection […]