Litecoin [LTC/USD] Technical Analysis: Token spews blood as its prices wither away

Litecoin [LTC] prices are crumbling non-stop, breaking long-term supports without hesitations, both in the one-hour and the one-day charts. The market cap for Litecoin is currently hanging by a thread at $1.50 billion, with the current prices trading as low as $25.29.
Once, the seventh-largest cryptocurrency, it is now placed at the ninth rank below Bitcoin SV [BSV] and just above Tron [TRX].
1-hour
Source: Trading View
The uptrend for Litecoin, although small, extends from $22.77 to $24.23, while the downtrend is in full swing as it extends from $37.29 to $25.09. Prices for Litecoin have broken the support at $27.25 and set up a new support at $22.77. The resistance points are seen hanging at $29.70, $35.29, and $37.29.
The Parabolic SAR markers have formed above the price candles, which indicates a bearish presence hanging over the market.
The MACD indicator also shows a bearish presence as the MACD line has crossed over the signal line to the bottom.
The Awesome Oscillator shows a bearish crossover as the red bars are moving from above the zero-line to the bottom of it.
1-day
Source: Trading View
In the one-day chart, the downtrend extends from $124.76 to $25.29, with no uptrend in sight whatsoever. Even in the one-day chart, the prices have broken support at $28.60 and set new support at $24.19. The resistance points are set up at $62.63 and $101.11.
The Bollinger Bands for the LTC prices in the one-day time frame depicts an on-going squeeze, which is typically a period of less volatility and the prices are in the oversold zone.
The Aroon indicator shows that the downtrend is in full swing as the Aroon down-line has hit the 100-line, while the Aroon-up line is at the bottom.
The Stochastic indicator shows mirroring of the bear market as the stochastic lines have dipped too deep in the oversold zone, and are still in it.
Conclusion
The indicators in the one-hour chart show a bearish aura hanging around Litecoin cryptocurrency. The Bollinger Bands, Aroon and the Stochastic, all indicate a bearish downtrend for Litecoin.
The post Litecoin [LTC/USD] Technical Analysis: Token spews blood as its prices wither away appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] gets a boost in adoption as HTC’s Exodus 1 phone adds cryptocurrency support

Charlie Lee, the creator of Litecoin, announced earlier that he would be speaking at the at Slush 2018 event in Helsinki on December 6, 2018, and talk about the HTC Exodus 1 phone that has integrated cryptocurrencies like Litecoin [LTC] and Bitcoin [BTC].
Lee always envisioned cryptocurrencies to become the go-to currencies and aimed his creation [Litecoin] to have cheaper fees and faster transactions. In the event, Lee spoke with HTC’s Decentralized Chief Officer Phill Chen and announced that HTC Exodus 1 will be supporting Litecoin and other cryptocurrencies.

The early access to the Exodus 1 phone will have an option to buy it with Litecoin [LTC], Bitcoin [BTC] or Ethereum [ETH] on the website. In addition to the above, the phone has a new storage method that utilizes social key recovery mechanism if the device is lost or stolen. Zion is an integrated wallet that comes with the phone to store Bitcoin, Litecoin, Ethereum and various ERC-20, and ERC-721 tokens.
Lee is also joining the HTC Exodus team as a consultant, and during the event he stated:
“I’m happy that the much awaited HTC ‘EXODUS 1’ can now be purchased with Litecoin. Ever since cryptocurrency was created, my vision for Litecoin was always to increase the distribution of the currency and use it a foundation for secure transactions worldwide, with the Exodus 1, project HTC is expanding crypto technology to the mobile phone and doing so in a way that protects user’s information and wallets.”
Phill Chen said that the users of the phone have total control over their private keys and added:
“Only when users have full ownership of their own keys, can we enact true decentralization, a vital first step toward protecting users. We see this as a stepping stone to how people will carry their own digital-assets and digital identities in their pockets, in the very way we carry phones today.”
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Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Bears mutilate the silver to Bitcoin’s gold

Litecoin [LTC], the former seventh-largest cryptocurrency in the world has recently lost its spot to Tether, a stablecoin. Now, Litecoin stands in the eighth spot, with market cap hanging at $1.76 billion and the 24-hour trade volume holding steady at $426.57 million.
The 24-hour change for prices is positive at 3% while the longer time frame of seven days shows a massive decline of 14.20%.
1-hour
Source: CoinMarketCap
The downtrend for Litecoin extends from $37.29  to $29.69 with no uptrend in sight. The support for Litecoin at $27.25 was almost tested on December 6, 05:00 UTC. The resistance points for Litecoin can be seen hanging at $29.74, $35.29, and $37.29.
The Parabolic SAR markers are formed below the price candles and are supporting them in a bullish trend.
The MACD indicator shows a bullish crossover to the top as the MACD lines have crossed over the signal line.
The Awesome Oscillator shows a transition of red bars into green, and the green bars are depleting and might be heading towards a bullish crossover.
1-day
Source: CoinMarketCap
The one-day chart seems to be always going down as the downtrend dips from $125 to $33.45. The long-standing support for Litecoin is set up at $28.60, while the long-term resistance points are seen hanging at $101.11 and $62.87.
The Bollinger Bands are undergoing a squeeze and the prices have touched the simple moving average, indicating that the prices have recuperated.
The Relative Strength Index is bottoming at the 30-mark, which is an indication of an oversold market.
The Chaikin Money Flow shows a massive money outflow for Litecoin as the CMF has dipped way below the zero-line.
Conclusion
The one-hour charts show a bullish trend for Litecoin as indicated by the SAR, AO and MACD indicators. The indicator in the one-day charts isn’t as bullish as in the one-hour charts. The CMF and RSI indicate a bearish move for Litecoin but the Bollinger Bands indicate otherwise.
 
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Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Bulls to move in for the kill as bears shirk away

The price of Litecoin [LTC] has largely been in a downward spiral, breaking many of its crucial resistance levels as prices continue to decline. However, some short-term relief might be achieved for the price, as the technicals point to a recovery in the favor of the bulls.
1 hour:
The short term outlook shows that there is an uptrend from $27 – $31, with a short downward movement from $35 – $34 – $33 – $31. There are supports set at $31 and $27, with the resistance levels being presented at $35 and $37.
The RSI has recovered from the oversold zone.
The MACD is set for a bullish crossover, as seen by the two lines beginning to draw together.
The Bollinger Bands have widened after the drop recently, demonstrating further volatility in the Litecoin markets.
1 day:
The long-term outlook for Litecoin shows a short support uptrend from $29 – $31, with a downtrend from $125 – $55 – $33. There is a support from $28, with a resistance at $62 and $101.
The Awesome Oscillator is bullish, as seen by the emergence of green lines from the bearish trend.
The Relative Vigor Index is demonstrating a bullish crossover but seems to be set for further downwards movement.
The Parabolic SAR is bullish, with the dots beginning to emerge from the bottom of the candlesticks.
Conclusion:
The coin seems to be awaiting further upwards movement, with the indicators supporting the bull over the bear. With both short and long-term outlooks ruling in favor of positive movement, resistances at $35 and $37 might be tested.
The post Litecoin [LTC/USD] Technical Analysis: Bulls to move in for the kill as bears shirk away appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC], Cardano [ADA] rise from the ashes as Bitcoin Cash [BCH], EOS crash and burn

Litecoin and Cardano are the only well-performing cryptocurrencies in the last week, as LTC was up by 5% and ADA was up by 8.6%, even as Bitcoin Cash and EOS slumped by a massive 11.67% and 14.05% respectively.
In the seven-day time frame, LTC prices look like they are having a massive volatility induced roller-coaster ride. The prices started trading at $31.42 on November 26, 16:32 UTC and fell down to $28.62 in a couple of hours.
Source: CoinMarketCap
The market cap followed the same trend and fell down by $100 million.  From this point, Litecoin witnessed nothing but a bull run for three days and reached a peak of ~$36 in the mentioned time frame. The prices post this remained more or less the same and it is currently trading at $33.
Cardano, on the other hand, is doing better than Litecoin as it is up by 8.66% in the seven-day time frame. ADA, like Litecoin, started trading on November 26 at a $0.0378 and dipped as low as $0.0341. The prices skyrocketed by a massive 16.05% to reach $0.0441, post which, the prices tried another bull run which stopped at $0.00445.
Source: CoinMarketCap
Eventually, the prices decreased to $0.3771  and are currently trading at $0.040 with a market cap of $1.04 billion.
The prices of EOS, unlike LTC or ADA, started high i.e.,$3.35, but the prices fell into the bear’s pit and reached $2.92. The market cap at this point reached $2.65 billion. The prices tried a comeback but the energy extinguished at $3.37 and the prices tumbled down from here on and reached $2.84 and stayed more or less the same.
Source: CoinMarketCap
EOS is currently trading at $2.84, with a market cap of $2.5 billion.
Bitcoin Cash, the much-talked-about cryptocurrency in the past month due to the hard fork, has suffered a massive meltdown of 11.67%. The prices for BCH started trading at $214.52 and the market cap at $3.74 billion. The prices slid down reaching $175.95 and stayed the same until the end with volatility escaping the market for BCH. The current price of BCH is holding steady at $167.95.
Source: CoinMarketCap
Bitcoin Cash was recently overtaken by Stellar Lumens [XLM], as a result, Bitcoin Cash is currently the fifth-largest cryptocurrency, instead of the fourth-largest cryptocurrency.
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Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Bulls take control after stampede

Litecoin [LTC], at the time of writing, was trading at $33.65 with a market cap of $2 billion, which makes it the seventh-largest cryptocurrency in terms of market cap as per data from CoinMarketCap.
The 24-hour trade volume of Litecoin was $59.38 million and most of the trade volume [~25%] was coming from a Korean exchange Coinbit with trading pair LTC/KRW. DOBI Trade follows Coinbit by contributing 16% of the total trade volume.
Litecoin has also undergone a positive change of 6% in the 24-hour time frame, while a change of 5.25% was registered in the seven-day time frame.
1-hour

The one-hour chart for Litecoin shows an uptrend that extends from $27.34 to $31.18 and a downtrend that extends from $41.38 to $33.16. The support for Litecoin is holding strong at $27.25, while the resistance points can be seen hovering way above the current prices of Litecoin i.e., at $31.68, 35.29 and $37.29.
The MACD indicator shows a bullish crossover underway and histogram is lit up with green bars above the zero-line.
The Stochastic indicator also shows a bullish crossover over as well and indicates an overbought market for Litecoin.
The Chaikin Money Flow shows an overbought market as well since the CMF line is way above the zero line and is recovering from the overbought zone.
1-day

The uptrend cannot be seen in the one-day chart while the downtrend extends from $125 to $34. The supports for Litecoin in this time frame can be seen at $28. Multiple resistance points are seen at $62.87 and $101.11.
The Parabolic SAR markers show a bullish trend in the one-day chart for Litecoin.
The Awesome Oscillator shows a transition into green spikes that indicates that the prices are increasing.
The Relative Vigor Index shows a bullish crossover to the bottom, as the RVGI line has crossover the signal line.
Conclusion
All the indicators in the one-hour chart show a bullish trend emerging in the short-term one-hour chart. The one-day chart for Litecoin is showing a bullish trend in the longer time frame as well.
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Source: AMB Crypto

Litecoin [LTC] soars up by 9.03%; Cardano [ADA] follows the lead, surges by 8%

Litecoin [LTC], silver to Bitcoin [BTC]’s gold and the seventh-largest cryptocurrency soars by a massive 9% amidst the bear run, while Cardano [ADA] shoots up by 8%.
The prices for Litecoin in the one-day chart clearly shows a ton of volatility influx, as the prices are seeing massive spikes. Litecoin started trading at ~$32 on November 30, 21:44 UTC, although the prices fell in the next few hours to $31.47. This was followed up by a quick recovery which plunged the prices to a high of $32.34. The prices at this point took one last dip to $31.52 and then decide to shoot all the way up to $34.64.
Source: CoinMarketCap
The 24-hour trade volume of Litecoin is at $445.77 million and ~21% [$102 million] of the total trade volume comes from DOBI trade exchange in trading pair LTC/BTC. DOBI trade exchange is followed by OKEx exchange that contributes a total of 10.97% in total, with trading pairs LTC/BTC and LTC/USDT.
The prices for Cardano, the 10th largest cryptocurrency by market cap, started trading at $0.0384 at 21:49 UTC on November 30, just like Litecoin, the prices took a plunge from this point and reached $0.0380. The prices continued more or less the same until December 1, 13:24 UTC, post which the prices started to shoot and reached $0.0414. The prices corrected at this point and rallied again to reach a high of $0.04174 at 21:44 on December 1.
Source: CoinMarketCap
The trade volume for a 24-hour time frame for ADA is holding at $19.52 million, off which $10 million [~41%] is contributed by ZBG exchange with trading pair ADA/USDT. ZBG is followed by Binance which contributes 25.81% in trading pairs ADA/USDT and ADA/BTC.
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Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: A possible run-of-the-mill for bulls

Litecoin [LTC]’s market cap has fallen below the $2 billion market cap again and is currently at $1.91 billion, and the price is at $32.32 as per CoinMarketCap.
The 24-hour trading volume of Litecoin is $59.36 million and ~11.73% of it is contributed by DOBI trade with the pair LTC/BTC. OKEx follows DOBI trade and contributes ~11.47% of all the trading volume with trading pairs LTC/BTC and LTC/USDT.
1-hour
Source: Trading View
The uptrend for Litecoin ranges from $28.78 to $31.70, while downtrend ranges from $41.62 to $31.94. The support at $27.25 is holding strong. Litecoin broke the resistance point at $31.68 and rose above it, and the prices are currently testing the same resistance. More resistance points can be seen at $35.29 and $37.29.
The Aroon indicator shows a downtrend gaining strength while the uptrend is struggling to gain momentum.
The Chaikin Money Flow has dipped below the zero-line, indicating that sellers are dominating the Litecoin market.
The Relative Vigor Index shows a crossover of the RVGI to the bottom which is a bearish indication.
1-day
Source: Trading View
The one-day chart for Litecoin shows no signs of an uptrend, while the downtrend extends from $125 to $34.43. The support for Litecoin at $28.60 has been holding steady for more than four days, while resistance points at $63.11 and $101.11 are both holding strong as well.
The Parabolic SAR markers are showing a bullish trend for Litecoin in the one-day time frame.
The MACD line is undergoing a bullish crossover and the histogram is starting to see some green bars materialize above the zero-line.
The Stochastic indicator shows a recovery from the depths in a bullish crossover.
Conclusion
The one-day chart shows a bearish outlook as indicated by the Aroon, CMF and the RVGI indicators, while the one-day chart for Litecoin is showing a bullish presence as depicted by all indicators [SAR, MACD, and Stochastic].
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Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Momentary take over by the bulls hasn’t fazed the bears

Litecoin [LTC] has faced a few hardships as it was overtaken by Bitcoin SV and pushed to the ninth rank by the bearish market. However, Litecoin’s ninth spot was temporary, as it did recover and is now holding steady as the seventh-largest cryptocurrency in the world.
Litecoin, at the time of writing, was trading at $34.32 with a 24-hour change of 4% in the green side. The market cap is holding above the $2 billion line.
1-hour
Source: Trading View
Litecoin, from the one-hour chart, shows a downtrend that extends from $41.62 to $35.32 and an uptrend that ranges from $28.78 to $33.18. The prices for Litecoin have broken resistance at $31.68 and have touched the next immediate resistance at $35.29. The support at $27.25 is holding strong as the prices have started an upswing trend since November 27.
The MACD indicator is undergoing a bearish crossover as the prices have started dipping. The histogram for MACD shows red bars hanging below the zero-line.
The Stochastic indicator has burned out the bearish crossover as it is below the 30-line.
The Chaikin Money Flow is slightly above the zero-line, which shows that the buyers are still in control of the Litecoin market.
1-day
Source: Trading View
The one-day chart for Litecoin shows a small rise, with an uptrend yet to form. The downtrend, however, extends from $125 to $34.43. Litecoin has breached support at $37.39 and set up a new low for support at $28.26. The resistance points at $63.11 and $101.11 seem too far for the prices to breach them, which is highly unlikely in the current bear market.
The Parabolic SAR markers seem surprisingly bullish as they’ve spawned below the price candles, which represents a bullish trend, no matter how small.
The Awesome Oscillator shows a bearish crossover to the bottom, but also a transition of green lines into red lines. The overall take on AO indicator is that the short-term momentum is falling faster than the long-term momentum.
The Aroon indicator shows a clear dominance of the downtrend and exhaustion of the uptrend for Litecoin.
Conclusion
The MACD and Stochastic indicators show a bearish outlook for Litecoin, while the CMF is still riding with the bulls. The SAR is the only bullish indicator in the one-day chart show, while Aroon and AO show a bearish presence.
The post Litecoin [LTC/USD] Technical Analysis: Momentary take over by the bulls hasn’t fazed the bears appeared first on AMBCrypto.
Source: AMB Crypto

Cryptocurrencies Rally as Bitcoin Moves Above $4,000 for First Time Since Plummeting

The cryptocurrency markets have rallied, halting their persisting downturn and possibly establishing their recent lows as a bottom. Despite this, a bottom will only be validated contingent upon whether or not the markets, and Bitcoin in particular, can sustain their current rally long-term.
At the time of writing, Bitcoin is trading up 13% at its current price of $4,200, significantly outperforming most major altcoins. Bitcoin appears to have established $3,600 as a temporary bottom, as this price level has held as support on multiple occasions since it was first tested on November 25th.
Before Bitcoin fell to its 2018 low of $3,600 earlier this week, it has established the $4,200 region as a level of support that was unable to hold, so traders should watch to see if BTC is able to decisively break above this level, or if greater buying volume is needed in order to propel Bitcoin’s price higher.
Alexander Kuptsikevich, a markets analyst at FX Pro Insights, recently spoke to MarketWatch about Bitcoin’s recent price action, explaining that how Bitcoin responds to the $3,500 region now, and in the future, is an important sign, especially considering that this region is where Bitcoin began its meteoric upwards rise in September of 2017.
“It is worth paying attention to the market behavior near $3,500. This is an area that saw drastic increase back in September 2017, so technical analysis urges us to track the price dynamics near these levels,” he said.
Related Reading: SEC Commissioner Not Ready to Approve Bitcoin ETF, Worries Fester
Altcoins Pump, Many Underperform Bitcoin
Bitcoin’s incredibly positive performance this morning has led the general cryptocurrency markets to surge, with most altcoins trading up over 10%, while generally underperforming Bitcoin, which is currently up 13%.
At the time of writing, XRP is trading up 10.6% at its current price of $0.385, up significantly from its recent lows of $0.32. XRP is still sitting well above its 2018 lows of $0.24, and this is likely due to the increasing real-world adoption the cryptocurrency is seeing through products like Ripple’s xRapid settlement system and Coil’s internet-based rewards program.
Ethereum has seen relatively large gains today and is currently trading up over 12% at its current price of $118 and is currently sitting 18% higher than its 2018 low of just under $100. Many analysts have speculated that Ethereum’s recent price plunge was perpetuated by ICO projects that sold off their ETH, although there is little conclusive evidence to support this claim.
Litecoin (LTC) is one of today’s best performing cryptocurrencies and is currently trading up over 16% at its current price of $34.30, up significantly from its recent 2018 lows of $27.
Whether or not this rally is sustained long-term will likely signal whether the markets have established a bottom at their recent lows. If the markets continue their drop in the days to come, $3,600 will likely act as the first major support level for Bitcoin.
Featured image from Shutterstock.
The post Cryptocurrencies Rally as Bitcoin Moves Above $4,000 for First Time Since Plummeting appeared first on NewsBTC.
Source: New feedNewsBTC.com

Litecoin [LTC/USD] Technical Analysis: Sturdy bear holds the door to prevent bull run

Litecoin [LTC] is one of the coins that suffered the most when it comes to the crash of 2018, as it fell down from an all-time high of $367 to a mere $27, which is a decline of 92%, while Bitcoin has only collapsed by 80% from its all-time high.
The price of Litecoin at the time of writing was $32.56 with a market cap of $1.93 billion.
1-hour
Litecoin [LTC/USD] Technical Analysis: The sturdy bear holds the door preventing bulls from enteringLitecoin is slowly climbing and has developed on an uptrend on the one-hour chart, but a strong downtrend extends from $37.29 to $32.45. The support at $27.25 is holding steady since the prices didn’t even come close to hitting it. Litecoin, however, has broken an immediate resistance at $31.68 and has risen above it. Subsequent resistance points are set up at $35.29 and $37.29.
The Parabolic SAR markers are supporting the prices candles from below and pushing them higher, so Litecoin is indicating a bullish scenario.
The MACD indicator shows a clear bullish crossover while rising strongly to the top. The histogram shows green bars above the zero-line, indicating that the prices are increasing.
The Chaikin Money Flow indicator shows the buying pressure dominating the sell-off pressure, hence CMF can be seen between the 0 and the 20-line.
1-day
Litecoin [LTC/USD] Technical Analysis: The sturdy bear holds the door preventing bulls from enteringThe downtrend for Litecoin is significant as it extends from a high of $125 to a depth of $32, without a single trace of an uptrend. Litecoin has broken the support at $38 and has breached as far as $26. The resistance points show no sign of breach as the prices are continuously dipping.
The Bollinger Bands show an expansion as the volatility has made its way into the market. The prices for Litecoin look oversold as they have fallen below the simple moving average.
The Awesome Oscillator is transitioning into green bars, indicating that the prices are increasing in the shorter time frame.
The RSI has partially revived itself from the oversold zone and has made its way above the 20-line, but it is still in the oversold zone.
Conclusion
The one-hour chart is sprouting with green and the indicators, SAR, MACD, and CMF depict the same green picture. The one-day is a complete opposite of that in the one-hour chart as, Bollinger Bands, AO, and the RSI indicate a cumulative bearish trend still engulfing the larger time frame for Litecoin.
The post Litecoin [LTC/USD] Technical Analysis: Sturdy bear holds the door to prevent bull run appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] surges by 16%, following Bitcoin [BTC]’s lead

Litecoin [LTC]’s prices are currently soaring as high as $35 and the market cap has hit the $2 billion mark. The 24-hour price change for Litecoin is 16% and most of the trade volume is coming from Korean exchange Coinbit, which is contributing $280 million [32% of the total trade volume] in trading pair LTC/KRW.
According to CoinMarketCap, the prices for Litecoin started trading at $29.85, the prices rallied from this point without any roadblocks until it reached a high of $35.25.

The market cap of Litecoin also saw a dramatic increase of $400 million and was holding steady at ~$2.1 billion, at the time of writing.
In a longer time frame of 7-day, the price action for Litecoin can be noticed. The prices can be seen dipping as low as $27, which was last seen in May 2017. The market cap in the 7-day time frame reached a high of $2.74 billion and a low of $1.6 billion.
Litecoin is among the altcoins that have taken the worst hit by the 2018 bear market. The bear market, as a result, caused the Litecoin’s prices to dip as low as $27, which is a total of 92% decrease since its all-time high in Jan 2018 [$367].
Despite Litecoin seeing massive real-world adoptions, the community is talking about the tweet by Charlie Lee last year. People in the community are talking about how Charlie Lee predicted Litecoin’s fall.

The community thinks that Litecoin did break the 90% depreciation point as predicted by Charlie Lee.
A Twitter user Litecoin Master commented:
“This is why we listen and trust Charlie Lee. He is the smartest crypto guy with the most experience in these cycles. I never sold a dime. Rode through it all. What a ride. Looking forward to December 2021.
250k bitcoin price.”
The post Litecoin [LTC] surges by 16%, following Bitcoin [BTC]’s lead appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Bull takes a short term lead but bear seems to win the race

Litecoin [LTC], the ninth-biggest cryptocurrency by market cap, continues to take the bear’s blows. Nonetheless, the coin showed signs of resistance as it successfully landed attacks on the bear, earlier this week.
According to CoinMarketCap, at press time, Litecoin was trading at $29.73 with a market cap of 1.76 billion. The coin has a trading volume of $538.04 and has witnessed a significant downfall of 12.24% in the past seven days.
One-hour
Litecoin [LTC] one hour price chart | Source: Trading ViewIn the one-hour chart, the coin has a downtrend from $41.66 to $31.68, which continues to fall to rest at $29.77. The chart also pictures an uptrend from $27.34 to $28.76. It has an immediate support at $30.22 and a strong resistance at $35.34. The coin has an immediate support at $28.20. Succeeding which, the coin has gained a strong support level at $27.24.
Chaikin Money Flow is currently showing a bullish wave as the line is above the zero line, demonstrating that the money is flowing into the market.
Parabolic SAR is also on the bull’s side of the market as the dots have aligned below the candlesticks with an aim to push the coin upwards.
Bollinger Bands are forecasting a less volatile market as the bands have started to contract for the coin in the market.
One-day
Litecoin [LTC] one-day price chart | Source: Trading ViewIn the one-day chart, the coin pictures a sharp downtrend from $121.62 to $55.88. It also pictures another downtrend from $51.60 to $28.60. The coin has an immediate resistance at $42.05 and a strong resistance at $89.20. It also has a support at $28.47.
RSI is showing a bearish trend as the selling pressure for the coin is more than the buying pressure.
MACD is picturing the coin in the bear’s shelter as the moving average line has made a bearish crossover.
Klinger Oscillator is on the same line as the MACD as the reading line has made a bearish crossover.
Conclusion:
The bull has gained the support of Parabolic SAR and CMF from the one-hour chart. However, the bear is still a winner in the long-term as it has gained the support of RSI, MACD, and Klinger Oscillator from the one-day chart.
The post Litecoin [LTC/USD] Technical Analysis: Bull takes a short term lead but bear seems to win the race appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Bulls and bears brawl to take control of token

Litecoin [LTC], the seventh-largest cryptocurrency, is showing an increase of 7.40% in its prices in a 24-hour time frame. It is currently trading at $31.20, with a market cap of $1.85 billion [at the time of writing].
The trading volume of Litecoin is $535 million, of which 16%, i.e., $97 million, came from DOBI Trade exchange with trading pair LTC/BTC.
1-hour
Source: Trading View
The one-hour chart for Litecoin shows an uptrend extending from $27.34 to $30.59, while the massive downtrend extends from $41.66 to  $30.99 is also prevalent. The support at $31.40 has been breached by the prices on November 25. Litecoin has created a new support at $27.25, while resistances are set up at $31.80, $35.29, and $37.29.
The Bollinger Bands are in an expansion as volatility has kicked in on November 25, at 19:00 UTC. The prices have consistently been above the simple moving average, which indicates a bullish presence.
The Aroon indicator shows both the downtrend and the uptrend hitting the bottoms. Only the Aroon up line has sprung up and is currently at 50, indicating an incoming uptrend.
The Stochastic indicator shows a bearish crossover to the bottom.
1-day
Source: Trading View
The downtrend for one-day chart ranges from $125 to $30.37, with no uptrend in sight. The supports at $53.73 and $37.93 have been broken as the prices dipped to new lows. Resistance points for Litecoin can be visualized at $63.11 and $101.11.
The Parabolic SAR markers are seen above the price candles of Litecoin, indicating a bearish presence in the market.
The MACD is seen showing a bearish presence as well with the bearish crossovers seen clearly.
The Awesome Oscillator shows a subsequent increase in the red spikes, which means that the prices are dropping continuously. However, the tides are shifting in favor of the bull.
Conclusion
The Bollinger and Aroon show a creeping bullish trend while the Stochastic indicator shows otherwise. The SAR, AO, and MACD are all showing bearish crossovers.
The post Litecoin [LTC] Technical Analysis: Bulls and bears brawl to take control of token appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC], Stellar Lumens [XLM] see double-digit bull run amidst red November

After a sturdy attack by the bears, the cryptocurrency markets seem to be blossoming green following an interim rise in prices. Litecoin [LTC] has risen by a massive 10.88% in the 24-hour time frame, while Stellar Lumens [XLM] has increased by a total of 10% at the time of writing.
The one-day time frame shows that prices for Litecoin began trading at $28.34 on November 25.
Source: CoinMarketCap
The prices remained the same for a couple of hours and then took a steep downturn and reached $27.18, when the market cap was a mere $1.60 billion. The prices gained momentum after this point and crossed the $30 barrier and reached $32, post which the prices remained the same.
When compared to the seven-day time frame, the prices have been suffering a continuous downtrend, which resulted in the depreciation of prices from ~$41 to $31. In a one-month scenario, the prices of Litecoin have decreased by ~40% and are currently trading at $31.54.
Litecoin’s trading volume has also shown a good increase in the one-day time frame and the current volume is $543.31 million. Most of the volume for Litecoin is coming from DOBI Trade by the trading pair LTC/BTC. It contributes a total of $88.51 million in trade volume, which is 14.69%.
Stellar Lumens has also seen a massive increase of 9.01% in the 24-hour time frame, where the prices of XLM increase from $0.14 to $0.16, and then fell down to $0.15.
 
Source: CoinMarketCap
The prices, in the aforementioned time frame, began trading at $0.1428, at which point the market cap was holding steady at $2.73 billion. Lumen’s prices spiraled down to a low of $0.1337, which was last seen in December 2017.
However, the prices recuperated to $0.1632, which was ephemeral and fell down again, and are trading at $0.154. The market cap of Stellar Lumens has almost hit $3-billion mark [$2.963 billion].
The total trading volume of the XLM is at $130.69 million, of which ~30% is contributed by Binance with trading pairs XLM/USDT and XLM/BTC.
The post Litecoin [LTC], Stellar Lumens [XLM] see double-digit bull run amidst red November appeared first on AMBCrypto.
Source: AMB Crypto