LTC USD - Litecoin Price Chart TradingView

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. If the bulls defend the support zone, the ADA/USD pair will once again attempt to rally above the 20-day EMA. Our suggested long position is deep in the red and will be out of danger only above.25 levels. Furthermore, LTC appears to be building-out a potential bear flag pattern (on the Daily Time-frame) and should such pattern resolve to the downside, we could be looking at a significant move lower in the not too distant future.

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin

At the moment, there is a short-term breakout pattern forming with support.00. Bart Smith, head of digital asset at Susquehanna International Group, said. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

LiteCoin (LTC) XRP Price Analysis - Require Close

We shall suggest a long position once it scales above.5. The market data is provided by TradingView.

Litecoin (LTC) Binance Coin (BNB) Price Analysis Two

Furthermore, XRP is also building-out a potential bear flag (on the Daily Time-Frame) and should it resolve to the downside, such would likely suggest lower prices ahead. In addition, with the break to complete the round-trip and the run of hypothetical stop orders, LTC also printed an RSI score (14-day) under. The bears forced a breakdown of the range, which led to a sharp fall that has carried the digital currency to the critical support.8926. Below 5,900, the next support is at 5,450, hence, the stops for the long positions initiated at 6,650 should be kept at 5,900.

Litecoin Price Analysis: LTC/USD Primed for Losses

However, we believe that the zone between will offer a stiff resistance on the upside. For the latest cryptocurrency news, join our. In addition, we can also observe that the 4WK moving average is nearing a potential cross of its 10WK and should such downside cross materialize in the days/weeks ahead, both investors/traders may want to take notice as such would likely suggest additional selling pressure may.

Litecoin Price Analysis: LTC Finds Support But Volume

Ethereum to move up attracted selling, which resulted in a breakdown of the 20-day EMA and the support at 450.1. As this pair has a history of vertical rallies, we shall recommend a long position on any indication of a trend change.

Litecoin price analysis: LTC/USD locked in a range, despite

Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer. Even Bitcoin bear, Todd Colvin, analyst at Ambrosino Brothers believes that sophisticated investors will step in at 5,000 on Bitcoin. This fact underscores the idea that there is a statistical potential according to the precepts of standard technical analysis that LTC may well be marking out the lower boundaries of this corrective phase. Of course the user case is there and from a development point, supporters got something to cheer about following their latest Litecoin core update.