Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022
In today’s episode of NewsBTC’s daily technical analysis videos we are examining Litecoin after a 10% intraday move to see if it will turn into a broader crypto market rally. Take a look at the video below: VIDEO: Litecoin Price Analysis (LTCUSD): November 2, 2022 Litecoin has been an altcoin that once regularly led the start of new crypto market bull runs. We are looking to find out if LTC will once again lead the way. Related Reading: Bitcoin And The Dollar Reach Inverse Inflection Points | BTCUSD November 1, 2022 Weekly LTCUSD Chart Shows Tightest Bollinger Bands In....
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In this episode of NewsBTC’s daily technical analysis videos we are looking at MATIC following a more than 10% intraday move on the back of the announcement that META would use Polygon for Instagram NFTs. Take a look at the video below: VIDEO: Polygon Price Analysis (MATICUSD): November 3, 2022 The continued strength from MATIC has the altcoin’s momentum turning up yet again on the daily, strengthening on weekly timeframes, and only three days away from the 2-week timeframe crossing bullish. Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022....
The Bitcoin price has been moving sideways over the past two days, but market participants expect volatility over today’s trading session. The U.S. Federal Reserve (Fed) will announce another interest rate hike during its Federal Open Market Committee (FOMC) meeting. Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022 At the time of writing, the Bitcoin price trades at $20,400 with sideways movement in the last 24 hours and a 2% profit over the previous seven days. In general, the crypto market is moving with the same sentiment except for Dogecoin....
Litecoin did not rally much after establishing a price bottom over the weekend and to start the April 6th session. Instead, it stalled in the 1.72-1.73 area twice. After consolidating between that resistance and support around 1.68, LTCUSD is ending the April 6th session and starting the April 7th session with a bearish breakout. Litecoin (LTCUSD) 1H Chart April 7. Price action is also showing resistance at 1.69 and the RSI is starting to break below 40, which shows loss of the prevailing bullish momentum. Also, LTCUSD is now trading under the 200-, 100-, and 50-period SMAs again. This....
Key Highlights. Litecoin ended the week lower, but found support around an important area of 1.43. A crucial bullish trend line on the 4-hours chart is likely to provide support to LTCUSD. There is a monster bullish trend line formed on the 4H chart of Litecoin, which recently acted as a barrier for sellers and pushed back prices higher. LTCUSD breached the 100 simple moving average (SMA) - 4H to trade above an important resistance around 1.47. However, it struggled at a critical pivot area of 1.50 and fell sharply after testing the mentioned resistance area. The downside stalled at the....
Not much happened today in the price action of litecoin. As we can see in the 1H chart, price has been drifting sideways since the cryptocurrency rallied from around 1.60 to about 1.82. While price is indeed still in this consolidation range, we can see a bearish bias. Litecoin (LTCUSD) 1H Chart April 1, 2015. 1) The 200-, 100-, and 50-hour simple moving averages (SMAs) are in bearish alignment and are sloping down. 2) Price is starting to hold below the cluster of these SMAs, which shows bearish bias. 3) The RSI has held below 60, and has tagged 30, showing development of bearish....