Bitcoin SV [BSV], Tron [TRX] and Litecoin [LTC] surge as Bitcoin [BTC] approaches $9,000 mark

The cryptocurrency market was surging again as the fork coin, Bitcoin Satoshi Vision [BSV], led the rally after a quiet weekend. The collective market cap stood at $268.7 billion with Bitcoin’s [BTC] dominance at 57.4%.
The controversy-ridden BSV managed to outshine the king coin, BTC in the latest surge, even as the latter made another leap over $8,500 and was closing in on the $9,000-mark.
Bitcoin SV [BSV]
The digital asset’s price took a major hit following Craig Wright’s rants and legal notices to several prominent persons in the space. At press time, BSV held a market cap of $1.91 billion and was priced at $106.8 after rising by 17.29% over the last 24 hours. The coin recorded a 24-hour trading volume of $414 million, with Upbit contributing over 9% via the trading pair BSV/KRW.
Source: TradingView
Tron [TRX]
At a time when most crypto-assets cooled down and retired on a bearish note over the weekend, Tron rallied following Justin Sun’s tweet, leaving the community on a bull ride.
“Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT”
TRX rose by 13.70% over the last 24 hours and was valued at $0.031. At press time, the eleventh largest digital coin held a market cap of $2.11 billion and recorded a trading volume of $1.23 billion over the past 24 hours, of which 8.9% was traded via TRX/USDT pair at BW.com.
Source: TradingView
Litecoin [LTC]
Litecoin was trading fairly well, despite few setbacks this year. LTC’s price soared mostly due to the much-anticipated halving event and several institutional adoptions. The fifth largest coin surged by 11.28% over the last 24 hours, catapulting its price to $113.6. At press time, LTC held a market cap of $7.04 billion and registered a 24-hour trading volume of $5.82 billion. Additionally, Coineal contributed a significant 11.3% trading volume via LTC/BTC.
Source: TradingView
Bitcoin [BTC]
The king coin achieved yet another milestone and surpassed $150 million market cap, as BTC approached the $9,000-mark with the latest upswing. It rallied by 8.36% over the past 24 hours and was valued at $8,698. At press time, BTC held a market cap of $154.1 billion and a 24-hour trading volume of $28.7 billion. Besides, 13.07% of the total trading volume was contributed to by Bitmex via XBT/USD.
Source: TradingView
The post Bitcoin SV [BSV], Tron [TRX] and Litecoin [LTC] surge as Bitcoin [BTC] approaches $9,000 mark appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC surpasses $7,000, LTC follows suit

The collective cryptocurrency market was climbing after the recent Bitcoin bullish swing as the market cap hit $219.8 billion. Bitcoin [BTC] continued to trade higher and surpassed a major resistance point at $7,000. Its silver counterpart Litecoin [LTC] also followed suit to break past the much-anticipated $90-mark.
1-day BTC chart
The largest cryptocurrency by market cap Bitcoin [BTC] was trading at $7,301 after rallying 8.37% over the last 24 hours. At press time, the crypto-asset held a market cap of $128.5 billion and recorded a trading volume of $30 billion.
Source: TradingView
The one-day BTC chart registered a significant uptrend from $4,143 to $5,153 and another uptrend from $5,143 to $5,740, following market correction. A downtrend from $6,321 to $5,542 was also observed in the above chart.
BTC broke the previous set resistance at $6,500 and $7,000 in a very short period of time and is expected to climb higher. The digital coin found support at $3,859.
Bollinger Bands: The open mouth of the bands indicated high price volatility and another price break out for Bitcoin.
Awesome Oscillator: The closing bar of the indicator was green, suggesting some bullish activity for the coin.
Chaikin Money Flow: The CMF was also above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish price pattern for the crypto-asset was recorded.
1-day LTC chart
The fifth largest crypto-asset on CoinMarketCap, Litecoin [LTC], held a market cap of $5.63 billion. The coin posted significant gains and rallied to $91.25 after a pumping 15.80 % over the past 24 hours. At press time, the coin registered a 24-hour trading volume of $6.34 billion.
Source: TradingView
The one-day Litecoin [LTC] chart registered an uptrend from $32.86 to $66.76 and another uptrend from $66.76 to $73.80. A downtrend from $55.96 to $33.80 was also observed. Litecoin managed to break past its immediate resistance point at $90 and continued to trade higher as the market exhibited a major upswing.
The coin found support at $45.04 and $32.62.
Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish phase for the crypto-asset.
MACD: The MACD line was also above the signal line, indicating the coin following a bullish course.
Klinger Oscillator: The reading line was also above the signal line, pointing towards a bullish price pattern for Litecoin.
Conclusion
Bitcoin continued to exhibit high volatility and broke past two major resistance level within 48-hours and is anticipated to touch $8,000. The king coin’s bullish rally prompted LTC to retrace its steps back to its previous glory.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC surpasses $7,000, LTC follows suit appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] to peak only after 2021; halving may not shoot up coin’s prices in the near term

The debate of cryptocurrency halving and the impact on its price has been a long-standing one. The virtual assets’ industry is still in its formative years. Even as there are many speculations regarding the halving event and its impact on the price of the digital asset, facts provided to back up those speculations are not concrete enough.
With Litecoin [LTC] halving is right around the corner, let’s try to connect some dots. But before proceeding any further, it is important to know what halving is and what prompted the Bitcoin creator to build this system.
Satoshi Nakamoto created Bitcoin to function in ways that would imitate the process of gold mining. A system that would be self-sustaining. In the mining process, BTC miners race against other miners by running huge mining equipment to solve a cryptographic puzzle. The first miner to solve the algorithm validates the transaction which results in a block formation in the transactional ledger. The miner is rewarded with newly minted Bitcoins and this is how fresh Bitcoins are introduced into the system. Currently, following the two subsequent Bitcoin Halving, the miner receives a reward of 12.5 BTC.
Bitcoin Halving takes place every four years. 
The total number of Bitcoin is limited to 21 million, hence, it can be stated that Bitcoin works on a system of controlled supply. With every 210,000 blocks creation, the mining reward is cut into half. During the first 210k blocks in 2012, the mining reward reduced from 50 BTC to 25 BTC. Currently, the reward stands at 12.5 after the second halving in 2016.
Satoshi Nakamoto explained:
“The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”
Why is Halving important?
The idea behind its introduction was to keep inflation in check. The traditional fiat currency has many drawbacks. One of the most significant is that these are controlled by central banking establishments which can print as many new currencies as they want.
Bitcoin is called the “Digital Gold” because the virtual currency is intended to imitate the commodity. Gold has a limited supply in the world. Extracting the remaining gold becomes more difficult after every gram of gold that is mined. This limited supply of the commodity has been able to maintain its demand and store of value for over 6000 years.
Market History:
PlanB Holdlonaut predicted:

#bitcoin halving chart: $3500 touchdown at trend-line … thing will get interesting from here (blue -> red ->orange) pic.twitter.com/trm27PxJSw
— planB hodlonaut (@100trillionUSD) December 18, 2018

If the above chart is to be taken into account, by the end of 2019, Bitcoin will surpass $8,000 thriving to a higher point next year. Price is bound to climb up as demand increases when supply falls short. However, the price will increase gradually. One, because only gradual and no sharp changes in its valuation has been observed in the past Halvings.
Bitcoin was trading around $13 throughout the latter part of November 2012 when the first Halving was scheduled. The price surge to $230 shortly after the event, was speculated to be fueled by the post-Cyprus bailout.
By the second halving event, the king coin was trading above $650. Historical patterns are yet to paint a conclusive picture. 
Below are some of the PoW-based altcoins hatched after Bitcoin, which underwent halving.
NameCoin [NMC]:
Source: CoinMarketCap
First halving in December 2014.
During the one-year analysis for NMC’s, which is one of the oldest coins, prices soared exactly one year before the scheduled halving date and continued to post gains, although not significantly. However, the prices fell shortly after and continued to decline even as the halving approached.
Source: CoinMarketCap
Second halving in October 2018.
According to the above chart, exhibited a steady increase in its price, after October 2017 [one year before the scheduled halving]. The price gradually increased but peaked to a three-year high only in January 2018. The chart showed considerable fluctuations as the halving event approached nearer but fell flat right after October 2018 [the scheduled halving date].
Dogecoin [DOGE]:
Source: CoinMarketCap
First halving in February 2015:
Prices shot up exactly one year before the scheduled halving but failed to maintain the upward momentum and tanked after the event.
Verge [XVG]:
Source: CoinMarketCap
First halving May 2018:
Verge or XVG went on a historic bull run along with its crypto peers. However, XVG declined even as the highly anticipated halving approached. Right after the event, XVG, crippled with security and privacy issues, losing 95% of its value.
Patterns:
A similar pattern can be noticed in both the altcoins DOGE and NMC, which exhibited a surge but failed to project any impressive rallies post halving. Unlike the above altcoins, BTC and LTC have witnessed significant surges after the event.
Litecoin is a fork of the Bitcoin core client, hence, the two virtual currencies share several notable similarities.
RSI Behavior:
The Relative Strength Index [RSI] is used as the indicator measures the speed and price movement trends of a chart.
Source: TradingView
According to the above chart, between the time period of 2012-2015 and 2015 – 2019, each cycle hit its bottom before the two scheduled halvings. Bitcoin peaked only after the fact. It can also be inferred that the time span from the bottom to halving was equivalent from the event to the time taken by the coin to reach its peak.
Another notable pattern that can be drawn from the chart is that the time taken by the crypto-asset trading at the bottom to hit the high was longer in the second cycle.
If the coin continues to follow the trait, then the next high will be attained by Bitcoin only after its third halving. The bottom for the cycle post, second halving, was found between Dec 2018-Jan 2019.
After speculating on the limited data available, a similar pattern was observed for the first halving of its silver counterpart. The coin hit its lowest right before the first halving then gradually climbed back to the highest point of the cycle after a period of low volatility.
Source: TradingView
The Litecoin Reward-Drop ETA is scheduled for 6 Aug 2019.
After the first halving event on Aug 25, 2015, LTC topped after nearly two years after posting steady gains. Another significant factor for the cycle 2015 to 2019 observed is an increase in the lengths of the bull runs, i.e., longer time taken to hit the high for both the BTC charts. This was also observed in the LTC chart where the subsequent bear markets were longer. Hence, a longer length in the bull run, than the first cycle, can be safely expected for LTC’s second halving.
Conclusion:
From the above data, it can be assumed that Litecoin price starts to gallop higher, months before the halving. It’s safe to conclude that the fifth largest cryptocurrency has a probability that it might peak only after 2021 while maintaining a steady course in its valuation. In addition, halving acts as a midpoint for BTC’s bullish trendlines which implies that the halving takes place at the midpoint of the ongoing trend. However, in the case of LTC, the halving happens at the one-third point of the on-going trend.
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Source: AMB Crypto

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls command market despite minor dip in prices

The collective market cap of the coin market fell below $180 billion on 9 April. After posting gains throughout the week, Bitcoin [BTC] and its silver counterpart, Litecoin [LTC], declined by 1.04% and 5.53%, respectively, against the US dollar over the past 24 hours.
The largest crypto-asset on CoinMarketCap, BTC, held a market cap of $92.35 billion and was priced at $5,224. The digital gold registered a 24-hour trading volume of $15.90 billion. However, the coin recorded a 17.27% surge over the past seven days.
Litecoin [LTC], the fourth largest cryptocurrency, registered a market cap of $5.31 billion and a 24-hour trading volume of $3.20 billion. The crypto-asset was valued at $86.62. Besides, the digital asset recorded a significant surge of 35.25% over the week.
1-day BTC chart
Source: TradingView
The candlestick arrangement on BTC’s one-day chart exhibited a major downtrend from $6,459 to $4,186. A small uptrend from $4,198 to $5,089 was also observed. The supports for the crypto-asset were found at $3,902 and $3,602, while the immediate resistances were at $5,663 and $6,562.
Bollinger Bands: The mouth of the bands was open. The divergence of the bands depicted increasing volatility for the coin’s price.
Awesome Oscillator: The closing bar of the indicator was green, suggesting an emerging bullish pattern.
Chaikin Money Flow: The CMF was well above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish trend for BTC was pictured.
1-day LTC chart
Source: TradingView
The one-day LTC chart exhibited two uptrends from $32.90 to $45.68 and $45.68 to $60.31, followed by a minor correction. Another uptrend from $61.31 to $89.43 was registered, fueled by the latest market spike. A minor downtrend from $56.52 to $34.60 was also noted. The coin successfully breached the previously marked resistance, but failed to sustain the $90-mark. The coin’s price was anticipated to surpass $100 after another potential price break. The support points for LTC stood firm at $41.93 and $28.66.
Parabolic SAR: The dotted markers were below the candlesticks, predicting a bullish phase for the silver crypto.
Klinger Oscillator: The reading line was above the signal line, also depicting a bullish pattern for LTC.
MACD: The MACD line was above the signal line. This projected a bullish phase for the coin.
Conclusion
Despite market correction pulling the prices down, all indicators pictured a strong bullish trend for BTC and LTC.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls command market despite minor dip in prices appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls in control despite bears’ looming presence

Bitcoin [BTC] and Litecoin [LTC] continued to gain against the US Dollar and breach their respective immediate resistances on April 8.
The largest crypto asset on CoinMarketCap, BTC, held a market cap of $93.08 billion and was priced at $5,278. The digital gold registered a 24-hour trading volume of $17.26 billion and was rallying by 2.25% against the US dollar over the past 24 hours, at press time. The coin surged by 27.90% over the past seven days.
Litecoin [LTC], the fourth largest cryptocurrency, registered a market cap of $5.59 billion and a 24-hour trading volume of $3.15 billion. The crypto-asset was valued at $91.40 and exhibited a decline of 2.78% over the past 24 hours, while registering a significant surge of 50.62% over the week.
1-day BTC chart
Source: TradingView
The candlestick arrangement on BTC’s one-day chart exhibited a major downtrend from $6,459 to $4,186. The supports for the crypto-asset were found at $3,902 and $3,602. The immediate resistances on the BTC daily chart were at $5,663 and $6,562.
Bollinger Bands: The mouth of the bands was open. The divergence of the bands depicted volatility for the coin’s price.
Awesome Oscillator: The closing bar of the indicator was red, suggesting a bearish pattern.
Chaikin Money Flow: The CMF was well above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish trend for BTC was projected.
1-day LTC chart
Source: TradingView
The one-day LTC chart exhibited two uptrends from $32.90 to $45.68 and from $45.68 to $60.31, followed by a minor correction. A minor downtrend from $56.52 to $34.60 was also seen. The coin successfully breached the previously marked resistance at $90 and is anticipated to surpass $100 in another potential price break soon. The support for LTC stood firm at $41.93 and $28.66.
Parabolic SAR: The dotted markers were below the candlesticks, predicting a bullish phase for the silver crypto.
Klinger Oscillator: The reading line was above the signal line, also depicting a bullish pattern for LTC.
MACD: The MACD line was above the signal line. This projected a bullish phase for the coin.
Conclusion
Bitcoin [BTC] exhibited mixed signals, with potential price breakouts expected. Its silver counterpart, Litecoin [LTC], was projected to enjoy strong bullish movements.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls in control despite bears’ looming presence appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls reign as coins continue to breach resistances

The cryptocurrency market, propelled by Bitcoin’s [BTC] bull run over the past week, witnessed the breach of several previously set resistances. According to CoinMarketCap, the collective market capitalization stood at $170.9 billion at press time.
Bitcoin [BTC] held a market cap of $87.77 billion and registered a 24-hour trading volume of $17.93 billion. The largest cryptocurrency exhibited a slight decline of 1.07% against the US dollar over the past 24 hours. However, it surged by 22.45%  over the past seven days.
Litecoin [LTC], the fourth largest cryptocurrency on CoinMarketCap, registered a market cap of $5.35 billion and a 24-hour trading volume of $3.92 billion. LTC was priced at $87.49 and exhibited a minor rise of 0.02% over the past 24 hours, while registering a surge of 43.45% over the week.
1-day BTC chart
Source: TradingView
Bitcoin’s one-day chart exhibited a major downtrend from $6,459 to $4,186, with no uptrend in sight. The support for the crypto-asset was found at $4,003, $3,715, and $3,272. BTC breached its previous resistances, rallying beyond $5,000. The immediate resistance for the BTC daily chart stood at $5,654 and $6,459.
Bollinger Bands: The mouth of the bands was diverging, depicting a possible price breakout for the digital coin.
Awesome Oscillator: The closing bars of the indicator were green and predicted a bullish phase for the coin market.
Chaikin Money Flow: The CMF was well above the zero-line, suggesting that money was flowing into the coin market.
1-day LTC chart
Source: TradingView
On LTC’s one-day chart, an uptrend from $32.90 to $45.68 was seen. This was followed by a minor correction, and another uptrend from $45.68 to $60.31. A minor downtrend from $89.56 to $34.60 was also seen. The coin was anticipated to retrace July 2018’s glory by breaching the $90 resistance. The support points for LTC stood firm at $28.66 and $23.64.
Parabolic SAR: The dotted markers were below the candlesticks, suggesting a bullish price pattern for the silver coin.
Klinger Oscillator: The reading line was also above the signal line and exhibited a bullish trend for LTC.
MACD: The MACD line was also above the signal line, predicting a bullish phase for the coin.
Conclusion
The daily chart for both Bitcoin and Litecoin projected strong bullish signals for the coins.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls reign as coins continue to breach resistances appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Token’s future remains bearish despite bullish activity in the short-term

The fourth largest coin on CoinMarketCap, Litecoin [LTC], breached the $60 mark, despite minor slip ups in the bull run.
At press time, the coin held a market cap of $3.69 billion and was priced at $60.45. The digital silver registered a 24-hour trading volume of $2.01 billion. LTC exhibited a minor loss of 0.41% against the US dollar over the past 24 hours. Additionally, it fell by 1.30% over the past seven days.
Coineal contributed the highest trading volume for the coin, accounting for 7.67% of the total trading volume via the LTC/BTC pair. It was followed by Coinall with 7.45%, and DigiFinex with 5.38%, respectively.
1-hour
Source: TradingView
Litecoin’s one-hour chart exhibited a long uptrend from $55.91 to $57.77. A downtrend from $61.40 to $59.28, along with two minor downtrends between $59.59 – $58.47 and $60.44 – $59.44 were registered on the chart. The support for the coin was found at $55.47, while the resistance was at $65.
Bollinger Bands: The mouth of the bands depicted growing volatility in LTC’s price movement.
Awesome Oscillator: The closing bars of the indicator were green, indicating bullish price momentum for Litecoin.
Chaikin Money Flow: The CMF was above the zero-line, indicating money flow into the LTC coin market and hence, a bullish market.
1-day
Source: TradingView
On LTC’s one-day chart, an uptrend from $32.83 to $45.68, and a longer downtrend from $55.82 to $33.96 were seen. The immediate resistance for the digital asset was marked at $63.06, while support points were found at $30.55 and at $22.91.
Parabolic SAR: The dotted markers were below the candlesticks, predicting bullish movement for the coin.
Klinger Oscillator: The reading line was below the signal line and pictured a bearish trend for Litecoin.
MACD: The MACD line was also below the signal line, reiterating the bearish projection.
Conclusion
The short-term indicators for Litecoin [LTC] projected a bullish market and potential price breakouts. The long-term indicators however, projected a strong bearish phase for the silver coin.
The post Litecoin [LTC] Price Analysis: Token’s future remains bearish despite bullish activity in the short-term appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Bullish movement imminent as token exhibits positive price fluctuation

The fourth largest coin on CoinMarketCap, Litecoin [LTC] was trading within the $59-$63 range last week, witnessing significant surges that breached the coin’s resistances. The bulls, however, failed to push the coin above the anticipated $65 mark.
At press time, the crypto asset held a market cap of $3.67 billion and was priced at $60.16. The digital silver registered a 24-hour trading volume of $1.66 billion. LTC exhibited a growth of 1.66% against the US dollar over the past 24 hours, while it fell by 1.50% over the past seven days.
Coinall contributed the highest trading volume for the coin, accounting for 9.10% via the LTC/BTC trading pair. It was followed by Coinall with 4.88% of the trading volume.
1-hour
Source: TradingView
Litecoin’s one-hour chart exhibited an uptrend from $58.85 to $60.98, while another uptrend from $57.34 to $60.85 was later recorded after a brief bear run. A small downtrend from $62.90-$60.83 was registered on the chart. The support for the coin was found at $56.74, while the resistance was at $65.
Bollinger Bands: The mouth of the bands depicted growing volatility in LTC’s price movement.
Awesome Oscillator: The closing bars of the indicator were green, indicating bullish price momentum for Litecoin.
Klinger Oscillator: Post a bearish crossover, the reading line continued to tread below the signal line.
1-day
Source: TradingView
The candlestick arrangement on LTC’s one-day chart exhibited an uptrend from $32.79 to $45.68, and a longer downtrend from $55.82 to $34.08. The immediate resistance for the digital asset was marked at $67.78, while the immediate support stood firmly at $30.55 and $24.10.
Parabolic SAR: The dotted markers were below the candlesticks and predicted a bullish movement for the coin.
Chaikin Money Flow: The CMF continued to tread well above the zero-line, indicating money inflow into the LTC coin market. Hence, a bullish price trend was predicted for the coin.
MACD: Post a bearish crossover, the MACD line was treading below the signal line.
Conclusion
The short-term indicators for Litecoin [LTC] exhibited mixed signals, with significant volatility and potential price breakouts being predicted. The long-term indicators projected bullish pattern for the digital crypto’s price.
The post Litecoin [LTC] Price Analysis: Bullish movement imminent as token exhibits positive price fluctuation appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Price breakout imminent as bears control silver coin

The fourth largest coin on CoinMarketCap, Litecoin [LTC] was trading within the $59- $62 range after a short surge.
At press time, the crypto asset held a market cap of $3.60 billion, and was priced at $59.12. The crypto asset registered a 24-hour trading volume of $1.74 billion. LTC exhibited a decline of 2.32% against the US dollar over the past 24 hours, while a growth rate of 3.98% was recorded over the past seven days.
Coineal contributed the highest trading volume for the coin, accounting for 7.98% via the LTC/BTC trading pair. It was followed by Coinall and DigiFinex with 4.22% and 3,66% of the trading volume, respectively.
1-hour
Source: TradingView
Litecoin’s one-hour chart showed an uptrend from $52.39 to $55.86, and another uptrend from $57.90 to $60.29, fueled by the coin’s recent bull run. A downtrend from $55.82-$34.08 was registered on the chart. The support for the coin was found at $52.39.
Bollinger Bands: The mouth of the bands depicted growing volatility in LTC’s price movement.
Awesome Oscillator: The closing bars of the indicator were red, indicating a bearish price momentum for the crypto asset.
Chaikin Money Flow: The CMF continued to tread above the zero-line, indicating that money was flowing into the LTC coin market. Hence, a bullish price trend was predicted for the coin.
1-day
Source: TradingView
The candlestick arrangement on LTC’s one-day chart exhibited an uptrend from $32.79 to $45.68, and a longer downtrend from $55.82 to $34.08. The immediate resistance for the digital asset was marked at $67.78, while the immediate support stood firmly at $30.55 and at $24.10.
Parabolic SAR: The dotted markers were below the candlesticks, and pictured the coin in a bullish environment.
MACD: Post a bearish crossover, the MACD line was treading below the signal line.
Klinger Oscillator: The KO indicator also sustained a bearish crossover, following which the reading line was below the signal line.
Conclusion
The short-term indicators for Litecoin [LTC] exhibited mixed signals, with significant volatility and potential price breakouts being predicted. The long-term indicators echoed strong bearish projections for the digital crypto’s price.
The post Litecoin [LTC] Price Analysis: Price breakout imminent as bears control silver coin appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Silver coin’s future in limbo as bears and bulls fight for dominance

The coin market could possibly undergo another dip before a fresh rally by the end of this week. After trading upwards for quite some time, the fourth largest cryptocurrency on the CoinMarketCap, Litecoin [LTC], fell below the $60-mark.
On March 19, the opening price rebounded at $59.40, but rallied to $60.70.
At press time, the crypto asset held a market cap of $3.62 billion and was priced at $59.43. The digital silver registered a 24-hour trading volume of $1.87 billion. LTC witnessed a decline of 1.79% in the past 24 hours, while a growth rate of 4.86% was recorded over the past seven days.
Coineal continued to contribute most to the coin’s 24-hour trading volume, providing 7.36% via the trading pair LTC/BTC.
1-hour
Source: TradingView
LTC’s one-hour chart exhibited a huge uptrend from $52.39 to $58.82 and a minor downtrend from $61.40 to $59.28, which can be attributed to the recent dip in the coin’s price despite a brief bullish recovery. The immediate resistance was at $65. The support for the coin was found at $52.39.
Bollinger Bands: The mouth of the bands pictured a stagnant price market for the coin.
MACD: The MACD line continued to lay low post a bearish crossover.
Awesome Oscillator: The closing bars of the indicator were red, pointing to a bearish price momentum for Litecoin.
1-day
Source: TradingView
The one-day chart for Litecoin showed an uptrend from $32.84 to $45.80, and a longer downtrend from $83.85 to $63.21. A second downtrend from $55.84 to $34.14 was also seen. Immediate resistance for the crypto asset was marked at $77.84, while the immediate support firmly stood at $30.62 and $22.85.
Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish phase for the coin.
Chaikin Money Flow: The CMF was well above the zero-line, and indicated money flow into the coin market. A bullish price trend was predicted for the silver crypto asset.
Klinger Oscillator: The reading line was below the signal line post a bearish crossover.
Conclusion
The short-term indicators for Litecoin sided with the bear and further exhibited a stable market for Litecoin, while the long term indicators projected bullish signals.
The post Litecoin [LTC] Price Analysis: Silver coin’s future in limbo as bears and bulls fight for dominance appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Token follows bull as it anticipates another upward swing

After contributing massively to the coin market’s recent bull run, Litecoin [LTC] fell below the $60 mark. On March 18, the opening price rebounded at $59.83 and rallied to $60.86, early in the day.
At press time, the silver crypto asset held a market cap of $3.76 billion, and was priced at $60.33. Litecoin registered a 24-hour trading volume of $1.84 billion, while witnessing a decline of 2.81% in the past 24 hours. A growth rate of 9.82% was recorded over the past seven days.
Coineal continued to contribute the most to the coin’s 24-hour trading volume, providing 8.95% via the trading pair LTC/BTC. Other exchanges that dominated via the same pair were DigiFinex with 5.24%, and Coinall with 3.94%.
1-hour
Source: TradingView
LTC’s one-hour chart exhibited a huge uptrend from $52.40 to $58.62, while also depicting a minor downtrend from $56.73 to $54.78. The coin was close to its anticipated resistance at $65, despite minor slips. The support for the coin was found at $52.39.
Parabolic SAR: The dotted markers were above the candlesticks, indicating a bearish phase for the coin.
MACD: The MACD line continued to overtake the signal line, steering the coin to the bull’s side.
Klinger Oscillator: The reading line continued to tread above the signal line post a bullish crossover.
1-day
Source: TradingView
The one-day chart for Litecoin showed an uptrend from $32.72 to $45.69, and a longer downtrend from $58.82 to $33.95. Immediate resistance for the crypto asset was marked at $67.94, while the immediate support firmly stood at $30.13.
Bollinger Bands: The mouth of the bands was diverging slightly, indicating minor volatility in the coin’s price.
Awesome Oscillator: The closing bars of the indicator were green, suggesting bearish price momentum for Litecoin.
Chaikin Money Flow: The CMF was well above the zero-line, and indicated money flow into the coin market. A bullish price trend was predicted for the silver crypto asset.
Conclusion
The short-term indicators for Litecoin sided with the bull, while the long term indicators projected mixed signals and a potential price breakout in the near future.
The post Litecoin [LTC] Price Analysis: Token follows bull as it anticipates another upward swing appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Coin anticipates bullish breakout as it continues to tread below $60

On 15 March, the price of the fourth largest crypto asset opened at $56.36, and gradually rose to $57.12, by press time. LTC held a market cap of $3.47 billion, with a 24-hour trading volume of $1.62 billion. The silver token recorded a slight positive change of 1.21% against the US Dollar.
Coineal contributed to 8.94% of the coin’s 24-hour trading volume via the trading pair LTC/BTC.
1-hour
Source: TradingView
LTC’s one-hour chart showed an uptrend from $45.28 to $52.35, and a minor downtrend from $56.76 to $54.75. The resistance for the coin remained at $58.40, while the support for the coin stood at $45.35.
Parabolic SAR: The dotted markers were aligned below the price candles, suggesting a bullish phase for the coin.
MACD: The MACD line continued to tread above the signal line and depicted a bullish market for the coin.
Klinger Oscillator: The reading line was below the signal line and predicted a bearish course for Litecoin.
1-day
Source: TradingView
The candlesticks on the LTC chart exhibited an uptrend from $32.82 to $45.68, and a significant downtrend from $56.01 to $33.96. The immediate resistance for the silver crypto asset was noted at $67.73, while the second resistance was at $89.15. Significant support for the coin was found at $29.80.
Bollinger Bands: The BB indicators showed the bands diverging and suggested a possible price breakout.
Awesome Oscillator: The closing bars of the indicator were red, suggesting bearish price momentum for Litecoin.
Chaikin Money Flow: The CMF was above the zero-line and suggested that money was flowing into the coin market. Therefore, a bullish price pattern was pictured for LTC.
Conclusion
The short-term indicators sided with the bull, while the long-term chart was unclear in its prediction.
The post Litecoin [LTC] Price Analysis: Coin anticipates bullish breakout as it continues to tread below $60 appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Short-term bulls tussle with long-term bears for control of market

Litecoin [LTC] failed to gain significant momentum and continued to tread below $60 this week. The coin, however, recently surpassed EOS to consolidate its position as the fourth largest coin on CoinMarketCap. Litecoin [LTC] was locked in the price ceiling between $55-$59, after going through minor losses earlier this week.
On 14 March, the price of LTC opened at $55.94, gradually rising to $56.32, at press time. LTC held a market cap of $3.48 billion, with a 24-hour trading volume of $1.49 billion. The token registered a slight decline of 1.05% against the US Dollar.
Coineal contributed to 9.42% of the coin’s 24-hour trading volume via the trading pair LTC/BTC.
1-hour
Source: TradingView
The hourly chart of the coin exhibited an uptrend from $45.94 to $52.42 and a minor downtrend from $56.76 to $54.82. The resistance for the coin remained at $58.40, while the support for the coin stood firmly at $45.36.
Bollinger Bands: The converging mouth of the bands indicated low volatility in the price movement of the coin.
Klinger Oscillator: Post a bullish crossover, the reading line was above the signal line.
Chaikin Money Flow: The CMF was above the zero-line, suggesting that money was flowing into the coin market. Therefore, a bullish price trend was predicted for LTC.
1-day
Source: TradingView
The candlesticks on the one-day LTC chart exhibited an uptrend from $32.81 to $45.40, and a major downtrend from $88.79 to $51.59. The immediate resistance for the silver crypto asset was noted at $89.15, while the significant support was found at $29.92.
Parabolic SAR: The dotted lines were aligned below the candles and indicated a bullish phase for the coin.
Awesome Oscillator: The closing bars of the indicator were red and suggested a bearish price momentum for Litecoin [LTC].
MACD: After treading above the signal line, the MACD indicator sustained a bearish crossover. This suggested that LTC’s price was siding with the bear.
Conclusion
The short-term indicators pictured the coin following a bullish course with low volatility, while the long-term indicators suggested a dominant bearish market phase for LTC.
The post Litecoin [LTC] Price Analysis: Short-term bulls tussle with long-term bears for control of market appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Will The Ascending Support Line Hold Up The Price?

The price of Litecoin reached a high of $54, before making a double top pattern combined with a bearish divergence in both the RSI and the MACD and dropping quickly to the ascending support line that has been in place for roughly 19 days. Currently, price is trading inside a symmetrical triangle. After the most recent drop, the price has developed bullish divergence and has started to retrace upward. There are minor resistance areas near $47 and $48.
Key Highlights

There is significant support at $42
There is significant resistance at $50.
Price is trading inside a symmetrical triangle.
There is short-term bullish divergence developing.

Litecoin Analysis – LTC/USD – 2-Hours Chart

Chart Source: Tradingview, Bitfinex

A look at the 2-hour chart shows that the price made a double bottom at $54 before breaking down and falling all the way to the support line. The support line has been in place for roughly 19 days and has been validated five times. We can also see that price is possible following a descending resistance line (dashed) which has however only been validated three times. Combined with the support line, it makes a symmetrical triangle. If the support line fails to hold up price, the next support area will be found near $42.
As for the indicators, the price is trading below the 21, 50 and 200-period moving averages, which are in the process of making multiple bearish crosses. The RSI is currently at 29, indicating oversold conditions. The MACD is in negative territory, has made a bearish cross and is falling sharply.
Litecoin Analysis – LTC/USD – 15-Minutes Chart
Chart Source: Tradingview Bitfinex
A look at the 15-minutes chart shows that the breakdown occurred in a significant volume alongside a bearish engulfing candle. Furthermore, we have two minor resistance areas, one at $47-$47.2 and the other near $48. The price bounced right on the support line and has started to retrace.
As for the indicators, the price is trading above the 21-period moving average, but below the 50 and 200-period MA. The RSI is at 50, but there has been significant bullish divergence developing. Finally, the MACD has made a bullish cross and is moving upward, but it is not positive yet.
The post Litecoin [LTC] Price Analysis: Will The Ascending Support Line Hold Up The Price? appeared first on Coingape.
Source: CoinGape

Litecoin [LTC/USD] Technical Analysis: The prices struggling to keep the bull run going

Litecoin [LTC], once the seventh largest cryptocurrency has now dropped a rank lower and is now the eighth largest cryptocurrency by market cap as per the data from CoinMarketCap.
The prices for Litecoin are trading at $30 each with a market cap of $1.8 billion. The 24-hour volume of $450 million, while the 24-hour price change is holding at 2.65% on the negative side.
Litecoin has been gaining a lot of adoption as it became the first cryptocurrency to sponsor UFC232 and LTC’s banner will be printed during the fight that is scheduled to take place on December 29 in California.
1 Hour

The uptrend for Litecoin extends from $23.54 to $29.40, while the downtrend has reduced in its length and strength as it only extends from $35.92 to $29.71. The support at $22.49 is supporting Litecoin prices since the start of December. The resistance points are seen holding at $29.70, $31.73, and $36.16.
The Bollinger Bands are seen squeezing with prices falling below the simple moving average indicating that bears are pressuring the prices down.
The Aroon indicator shows a strong downtrend but a weak uptrend that is heading down towards the zero-line.
The Stochastic indicator has hit the lower band of the indicator and is trying to get back up but is failing as it seems to be undergoing a possible bearish crossover.
1 Day

 
The downtrend for Litecoin in the larger time frame extends from $124 to $33, with the prices being supported at $23. The major resistance points for LTC can be seen hanging at $62 and $101.
The Parabolic SAR markers have formed below the price candles which indicates a bullish trend for Litecoin
The MACD indicator shows a bullish crossover that struck the bottom of the zero-line but failed to cross it. The MACD indicator still shows a bullish pressure for LTC.
The Awesome Oscillator shows a bullish crossover that still persists and has a transition of green bars into red, which indicates that the prices are decreasing.
Conclusion
The one-hour chart shows a bearish pressure for Litecoin, which is indicated by indicators Bollinger bands, Aroon and Stochastic indicator. The one-day chart shows a rather bullish view for Litecoin as indicated by the SAR, MACD and the Awesome Oscillators.
The post Litecoin [LTC/USD] Technical Analysis: The prices struggling to keep the bull run going appeared first on AMBCrypto.
Source: AMB Crypto