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

Litecoin [LTC/USD] Technical Analysis: Christmas rally seems to have made a splash on daily charts

Litecoin took over Bitcoin Cash in a frenzy recently but has now decided to come back down and become the eighth-largest cryptocurrency as per the data from CoinMarketCap.
Litecoin is currently being traded at $32.32, with a market cap of $1.92 billion. The 24-hour trade volume is holding at $587 million.
1-hour
Source: TradingView
The uptrend for Litecoin in the one-hour time frame extends from $23.54 to $31.03, while the downtrend has exhausted as a result of the recent rally, and extends from $35.32 to $32.82. Litecoin prices have drifted away from the support at $22.49 in an upward direction towards the resistance at $26.31, $29.70 and $31.77. The resistance at $31.77  is being tested.
The Parabolic SAR markers have spawned above the price candles which indicates a bearish pressure to the prices.
The MACD indicator is showing a massive bearish crossover for Litecoin prices indicating that the short rally has come to an end.
The Awesome Oscillator shows receding spike above the zero-line, indicating a probability of an imminent bearish crossover.
1-day
Source: TradingView
The one-hour chart looks the same as the downtrend extends from $125 to $32.36, with no uptrend yet to be formed in the larger time-frame.
The support for Litecoin in the one-day time frame is seen holding strongly at $22.84, while the resistance lines at $62.63, $101.11 are yet to be tested.
The Aroon indicator shows a full-fledged uptrend underway as the Aroon up-line has hit the 100-line, while the Aroon downline has exhausted and sunk to the bottom.
The Chaikin Money Flow is under recovery from the oversold zone due to the short-term rally, which indicates that the money is flowing into the market.
The Relative Strength Index shows a recovery as well, as it has risen above the 50-line indicating that the buy-momentum is increasing in the Litecoin market.
Conclusion
The one-hour chart shows that the bulls have run out of juice as indicated by the SAR, MACD and AO indicators. The one-day chart shows more promise than the one-hour chart as it is bullish which is indicated by Aroon, CMF, and RSI.
The post Litecoin [LTC/USD] Technical Analysis: Christmas rally seems to have made a splash on daily charts appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Christmas comes early for Litecoin community

As 2018 is coming to an end, the price of Litecoin is seeming bullish as a break seems to be happening in the shorter one-hour time frame, and Charlie Lee’s “flappening” prediction came true before the year-end.
Litecoin has undergone an increase of more than 15% in the past 48 hours and the prices at the time of writing were trading at $28.37 while the market cap has increased and is currently at ~1.7 billion.
The 24-hour trading volume is holding steady at $515.17. DOBI Trade exchange provides almost 17% of the total trading volume with trading pairs LTC/BTC.
1 Hour
Source: TradingView
The uptrend for Litecoin has materialized and extends from $23.54 to $28, while the downtrend has lost its range as it spans from $33.90 to $28.27. Litecoin has managed to rise above the broken support at $22.77 and set up a new support at $22.43. The resistance points are seen set up at $26.31, $29.70, $$31.73, and $35.29.
The Parabolic SAR markers are formed below the candles with significant distance between them indicating a bullish trend for Litecoin.
The MACD indicator shows a bullish crossover to the top ever since the MACD line crossed over the signal line on December 15.
The Awesome Oscillator shows positive signs as the indicator has undergone a bullish crossover since December 16 and has managed to stay above the zero-line.
1 Day
Source: TradingView
There is no uptrend formed in the one-day chart as of now, but the downtrend extends from $125 to $28, with prices being supported at $22.84. The resistance points can be seen hanging at $101.11 to $62.63.
The Aroon indicator shows a negative downtrend still in control of the markets for Litecoin as the Aroon down-line has reached the 100-line and is slowly declining. The Aroon-up line has settled at the zero-line, exhausting all its uptrend power.
The Chaikin Money Flow indicates that the sellers are still in control of the Litecoin market, while buyers are trying to overpower the sellers.
The Relative Strength Indicator is rising faster from the depths of the oversold zone to a neutral position and towards the overbought zone.
Conclusion
The one-hour char is lit green with all the indicators [SAR, MACD, and Awesome Oscillator] indicating a possible bull run for Litecoin. The one-hour chart, however, seems confused as the Aroon and the CMF show a bearish aura around Litecoin, but RSI shows that the buyers have increased in the market and LTC has reached the 50-line.
The post Litecoin [LTC/USD] Technical Analysis: Christmas comes early for Litecoin community appeared first on AMBCrypto.
Source: AMB Crypto

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] 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.
 
The post Litecoin [LTC] Technical Analysis: Bears mutilate the silver to Bitcoin’s gold appeared first on AMBCrypto.
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.
The post Litecoin [LTC/USD] Technical Analysis: Bulls take control after stampede appeared first on AMBCrypto.
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].
The post Litecoin [LTC/USD] Technical Analysis: A possible run-of-the-mill for bulls appeared first on AMBCrypto.
Source: AMB Crypto