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Ltcanalysis

LTCUSD Technical Analysis: Market Outlook for the Rest of 2018LTC USD (Litecoin) technical analysis for today is presented on a 1 hour time frame with coverage of price action from December 7, 2018 to current date. Litecoin consolidating for ~7 days between December 7, 2018 and December 14, 2018 resulted in the formation of a double bottom chart pattern (ideally bullish) that was confirmed on December 16, 2018. The bullish swing after confirmation of the bottom pattern reached a high of ~$37.68 on December 24, 2018 followed by a retracement of the current uptrend. A bearish price channel (tentative) is used to track price movement after the December 24, 2018 top in price action, as well as horizontal support lines. The upper level for the support region i.e. ~$28.45 is coincident with the channel line and therefore increases the chance of Litecoin finding support between ~$28.45 and $27.00 if there is further retracement in price action. In this case, confirmation by momentum at support would be crucial prior to considerations for any long (buy) positions. More conservative strategies would only seek to buy on a breakout above the December 24,2018 high in Litecoin i.e. $37.68. Price closing below ~$27.00 could trigger further bearish momentum that could see the price of Litecoin close below $23.
BITFINEX:LTCUSD
by Coin_Analyst
Litecoin is going down...but FOR SURE NOT FOR LONGHello to every crypto enthusiast here! Wanna talk about LTC today, one of our top crypto at the moment, but unfortunately not delighting the community today. Litecoin lost over 5% in the recent 24 hours. A strong sell-off on the cryptocurrency market dragged the 8th largest digital asset down, creating a short-term bearish trend. LTC/USD hit $37.12 on the Christmass eve and shortly spiked above DMA50 for the first time since November 6. Litecoin's market value is registered at $1.79B and average daily trading volumes $463M. However, The Litecoin Foundation has partnered with Ultimate Fighting Championship (UFC), one of the leading mixed martial arts organizations, in a deal to promote the cryptocurrency. I believe that the released news will attract more users to the LTC network and will effect in a good value. Now, LTC is at the red zone but I am sure that overall attention around LTC network initiatives will slightly move it to the green zone. Cannot expect the price raised during next 24 hours based on the latest trend and overall down of other altcoins. I believe the price range is going to be $26,8-27,5
KRAKEN:LTCUSDLong
by AlekseyMarkonov
Litecoin analysis: Bulls ready to make a move?Today’s Litecoin analysis is carried out on a 1 hour timeframe, with the bottoming price action from November 20, 2018 to date currently shaping up as an inverted head and shoulder (or head and shoulders bottom) pattern. Confirmation of the bottom reversal pattern will occur only after price closes above 37.021 which is used as the neckline of the chart pattern. Width of the pattern taken from the Head to the neckline is invaluable as the minimum vertical projection for price action upon confirmation. Point of invalidation of the analysis (POI) is ~27.94 which would see price close below the Head of the inverted Head and shoulders pattern.
BITFINEX:LTCUSD
by Coin_Analyst
2
Is $LTC Still "Worth It"?Litecoin chart is still primed at the current support level that has been hold for almost 2 years now. Not much to talk right now as another blue chips are more likely to experience the same. Just look at the Ethereum. With the support area around 0.00886 - 0.00771 is my first accumulation zone and then next entry will be in at 0.00634 - 0.00650. The current level leaving a room for 2.26x from ATH and -0.63 from ATL. Expecting those two level to hold as we're getting better towards the regulation and adoptions and ETF will soon coming. LTC looks worth to hold right now.
by blockchaindedi
Found support, ready for the rebound to 148.427The price has found an excellent cushion level just above the 106.323 1W support since our last analysis. You see that the Fibonacci levels are working to perfection in determining the Lower High, which each time is located just above the 0.5000 extension (check the yellow horizontal rays). 1H is already picking up on pace (Highs/Lows = 0.2079, B/BP = 1.1320) as 4H is consolidating (neutral RSI = 50.613, STOCHRSI = 54.721, CCI = 14.3271, Highs/Lows = 0.000) having formed the support base. Our Tp remains 148.427.
BITFINEX:LTCUSDLong
by InvestingScope
1