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Litecoin Price Analysis: Can LTC/USD Recover Further?
Litecoin price recovered nicely from the $160 swing low against the US Dollar. LTC/USD is currently trading in a range above the $180 support. Key Talking Points Litecoin price succeeded in holding losses below $155 and recovered (Data feed of Kraken) against the US Dollar. There is a key bullish trend line forming with support at $181 on the hourly chart of the LTC/USD pair. The pair must break the $192-195 resistance area to continue its upside move. Sponsored Litecoin Price Forecast After a major decline, there was a decent support formed near $160 in litecoin price against the US...
Analysis: Coins Remain Under Pressure but Supports Still Hold
The correction of the post-crash rally is still dominant in the cryptocurrency segment, despite the encouraging bounce on Friday, as Bitcoin is dragging the market lower. The coin turned relatively weak in recent days after an extended period of outperformance, but even BTC is holding up well, with the bearish momentum being far from disastrous. Sponsored Ethereum’s relative strength, on the other hand, is slowly building, as we first noted it during the Thursday sell-off, and the second largest could be spearhead the next leg higher. The early leaders of the rally, Ethereum Classic and Litecoin are also acting...
Technical Analysis: Bitcoin Still Pushing Higher as Altcoins Mixed
The day that kicked off in a bullish fashion for cryptocurrencies turned slightly negative for the majority of the coins in the second half of the session, as US stock markets re-opened after the long weekend. Bitcoin, Ethereum Classic, and Litecoin were the early leaders of the segment, but only the most valuable coin stayed bullish throughout the session, as both LTC and ETC ran into resistance in the second half of the day. BTC, which was boosted by the positive news regarding the Bitcoin Core Wallet’s SegWit introduction, topped $11,700 for the first time in more than a month, and...
Trade Recommendation: Litecoin
The Litecoin/Dollar (LTC/USD) pair ignited its bull run on December 8, 2017 when it took out 110 resistance. The breakout was noticed by momentum players, which pushed the price to as high as 375 on December 19. At that level, the market flashed extreme overbought readings. In addition, it grew by over 240% in just 11 days, which triggered a selling frenzy. // -- Discuss and ask questions in our Facebook Group As the market succumbed to profit taking, it went as low as 173.68 on December 22, but it closed at 264.98. The price action on that day created a...
Technical Analysis: Bitcoin Tops $10,000
The cryptocurrency market continued to heal considerably, as the major coins keep on successfully tackling resistance levels following a very deep sell-off that shaved off more than 60% of the market value of the segment. The sector is now back near the $500 billion mark in market capitalization, but investors shouldn’t get complacent here, as corrections will come along the rally, and the dominant downtrend is intact in most cases, with BTC being no exception. With that in mind, today might not be the best time to open new positions, even as BTC could still get to the next resistance level...
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