Litecoin: Price Analysis, Nov. 12

Litecoin: Price Analysis, Nov. 12

LTC/USD Litecoin continues to slide after turning down from the downtrend line of the descending triangle. It might retest the critical support zone at $47.246–$49.466 once again. This zone has held on four previous occasions; hence, we anticipate this support to hold once again. Nevertheless, traders left with partial long positions on our recommendations can […]

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Litecoin: Price Analysis, Nov. 9

Litecoin: Price Analysis, Nov. 9

LTC/USD Litecoin turned down from the downtrend line. It has broken below both moving averages and is likely to retest the support zone between $49.466–$47.246. Traders, who are left with partial positions can maintain their stops at $50. The LTC/USD pair remains bearish as long as it trades inside the descending triangle pattern. The downtrend […]

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Litecoin (LTC) – Looking Up

Litecoin (LTC) – Looking Up

At this time last year, the cryptocurrency market was gaining upward momentum at a rapid pace. Cryptocurrencies like Ripple (XRP) and Litceoin (LTC) were reaching new all time highs allowing  minimal investments to return huge gains. However, what goes up must come down and once these tokens reached their all time highs, the graph began […]

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Litecoin Price Analysis: $60 and Beyond?

Litecoin Price Analysis: $60 and Beyond?

The Litecoin price over the past seven days has demonstrated strong momentum for a recovery. Within the mentioned trading period, LTC/USD has closed on the daily within the green five out of those seven sessions. This comes after some selling pressure hit the market last Monday, 29th October, resulting in some key near-term support levels being […]

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Litecoin: Price Analysis, November 2

Litecoin: Price Analysis, November 2

LTC/USD Litecoin (LTC) has formed a bearish descending triangle pattern that will complete on a breakdown and close (UTC time frame) below $49.466. Both moving averages are sloping down and the RSI is in negative territory, which shows that the bears have an upper hand. Though the pattern target following a breakdown of the triangle […]

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Litecoin: Price Analysis, October 31

Litecoin: Price Analysis, October 31

LTC/USD Though Litecoin has broken below the support at $49.466, the bulls are trying to defend the Sept. 12 intraday low of $47.166. If this level breaks, a fall to $40 is possible. If the LTC/USD pair bounces from the current levels, it will face resistance at the moving averages, which are trending down, and […]

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