Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

CoinSpeaker

Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

The over-the-counter branch of cryptocurrency exchange Huobi has announced adding support of XRP. XRP trading was launched on March 6.

Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

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Source: CoinSpeaker

TradingView Lists Its First Crypto Index, the Huobi HB10

CoinSpeaker

TradingView Lists Its First Crypto Index, the Huobi HB10

The Huobi HB10 crypto index tracks a number of top digital currencies based on their market cap and liquidity.

TradingView Lists Its First Crypto Index, the Huobi HB10

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Source: CoinSpeaker

Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility

The fourth largest cryptocurrency in the world with respect to market capitalization on CoinMarketCap, Litecoin [LTC] soared moderately during the early part of the day.
The silver altcoin opened at $41.88 and climbed up to a high of $42.55, a day during which the price of the coin also fell to a low of $41.27.
At the time of writing, the coin had a market capitalization of $2.58 billion with a 24 hour growth of 2.71%. Priced at $42.66, the total volume of LTC traded across the market space was around $932.14 million.
The top three LTC pairs are trending at Coineal, ZB.COM and OKEx respectively. LTC/BTC at Coineal, is leading with a trading volume of $56.70 million and is priced at $42.69. The second position is occupied by LTC/USDT at ZB.COM with a volume of $45.01 million at $44.13.
1-hour:
Source: TradingView
In the hourly chart, LTC exhibited an uptrend from $40.97 to $41.76 and a downtrend from $43.97 to $41.19. The immediate resistance is noted at $46.42 and the support at $37.68.
Parabolic SAR: The dotted markers are all oriented below the candlesticks, indicating that the price momentum of LTC is exhibiting a bullish trait.
MACD: The MACD line above the signal line further marks a potential bullish trend for the silver coin.
Awesome Oscillator: The AO indicator in the hourly chart suggests a bearish trend with the lines turning red.
1-day:
Source: TradingView
An uptrend from $33.12 to $42.09 and a major downtrend from $55.84 to $38.95 has been recorded for the one-day chart of the coin. The immediate resistance is marked at $46.42 and the support point is at 37.68.
Bollinger Bands: The major expansion of the bands suggests high price volatility of the altcoin in the market.
Chaikin Money Flow: The CMF graph is moving above the zero-line, suggesting that the bulls have initiated a flow of capital into the market.
Klinger Oscillator: The reading line is treading below the signal line, indicating that the coin’s price is following a bearish pattern.
Conclusion
The CMF, Parabolic SAR and the MACD indicators give the edge to the bull. On the other hand, the KO and AO indicate the coin following a bearish trend supplemented by a degree of fluctuation.
The post Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Joy for the market as coin continues to march into the bull’s realm

The newly-minted world’s fourth largest cryptocurrency on CoinMarketCap, Litecoin [LTC], has exhibited a magnificent surge of over 30% last weekend marking its foray into the bull’s realm after a long presence in the bear’s pit. The coin has maintained a steady valuation lately.
The coin opened at a price of $44.76 the very next day. LTC reached a low of $42.40 before reaching a high of $47.09 and finally closing at a value of $46.83.
The pair LTC/BTC has been trending at the exchange DigiFinex sweeping a volume of $92.48 million at a price of $44.30; a volume of $90.77 million at a price of $44.26 on the OKEx exchange. Additionally, the pair is also trending at Coineal with a circulation volume of $90.77 million, valued at $44.26.
At the time of writing, LTC has consistently surged at a pace of 1.15% after the rise. The silver coin is trading with a market cap of $2.68 billion at a valuation of $44.36 with a volume of $1.40 billion coins being traded in the past 24 hours.
1-hour:
Source: TradingView
The one-hour chart for the coin exhibits an upward trend of $32.26 to $43.85 and a downtrend from $46.48 to $44.01. The resistance is marked at $44.11 which is close to the price and that of support is registered at $41.10.
Bollinger Bands: The BB indicator for the time period tends to converge indicating a potential decline in price volatility for the coin.
Chaikin Money Flow: The CMF graph continues to tread well above the zero-line, suggesting money flow into the market, and hence, a bullish trend for the coin.
Klinger Oscillator: The KO indicator heads towards a potential bullish cross-over.
1-day:
Source: TradingView
Litecoin [LTC] recorded an uptrend from $23.27 to $29.72 and a downtrend from $55.89 to $34.33. The resistance registered for this time period is marked at $46.33 and that of support at $32.13.
Parabolic SAR: The dotted line aligned above the candles in Parabolic SAR indicator depicts the coin steering toward a bull zone.
MACD indicator: The MACD line treading above the signal line indicates the coin following a bullish pattern.
Awesome Oscillator: The AO indicator also predicts a bullish trend for the coin with the lines in green.
Conclusion:
The indicators – CMF, KO, Parabolic SAR, AO and MACD, all indicate the coin further treading into the bull zone with potential low price volatility as predicted by BB.
The post Litecoin [LTC] Price Analysis: Joy for the market as coin continues to march into the bull’s realm appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Token surges by 30%; bullish momentum to continue

After an incessant period of declines, all the cryptocurrencies listed on the CoinMarketCap are blazing green apart from a few losers. However, a big chunk of it is credited to the massive bullish effect by Litecoin [LTC], which pumped over 30% in the last 24 hours.
Currently, the fourth-largest digital coin in the world after replacing EOS, LTC has been escalating since late Friday mounting to a market cap of $2.65 billion.
The crypto coin, as recorded on Friday, opened at a valuation of $33.24 and closed at $43.46. LTC retraced back to a low of $33.01 before shooting up to a high of $43.90, breaking resistance at different levels.
At the time of writing, LTC had been trending with a market cap of $2.71 billion, priced at $4.52. The total volume of the coin traded during the last 24 hours has been registered at $1.95 billion.
1-hour
Source: TradingView
LTC escalated significantly from $33.41 to $42.62, along with a small downward trend from $33.91 to $32.74. If the coin continues to tread upwards, breaking all the previous set resistance, it can retrace its valuation to the time it exhibited a ballistic rise of over $55 in November, last year. The support marked for this time phase for LTC is at $42.52.
Bollinger Bands: The BB indicator for this time period suggests a massive fluctuation, with the bands diverging and hence a highly volatile price momentum of LTC, can be anticipated.
Awesome Oscillator: The AO indicates a bullish phase for the coin’s valuation, with the lines turning green after a brief bearish stint.
Klinger Oscillator: The KO indicator predicts a bearish trend for the coin, with the reading line hovering below the signal line.
1-day
Source: TradingView
For the one-day time period, LTC exhibited an uptrend from $23.24 to $29.81 and a downtrend of $55.83 to $33.24. The resistance is marked at $48.92 and the support at $32.36
Parabolic SAR: The dotted lines aligned below the candles depict a bullish phase for the coin.
Chaikin Money Flow: The CMF graph is well above the zero-line, suggesting an inflow of money to the market and hence a bullish trend.
MACD: The MACD line is above the signal line, further predicting the coin’s bullish momentum.
Conclusion:
PR, CMF, MACD and AO indicators all predict a coin’s future to be in a bull zone.
Charlie Lee, Litecoin creator and managing director of Litecoin foundation, on his official Twitter handle, posted:
“Litecoin trying its best to lead all of cryptocurrencies out of this bear market.”
The post Litecoin [LTC] Price Analysis: Token surges by 30%; bullish momentum to continue appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Bulls wrest control as LTC market looks to breach more short-term resistance points

Litecoin [LTC] has been building some short-term momentum over its slow recovery yesterday after a bear attack had previously stalled their early February momentum. The market is moving steadily upwards with a growth rate of 1.58% over the past 24 hours.
At the time of press, Litecoin was valued at $33.84. Over the past day, it has overtaken Tether and Bitcoin Cash and now stands fifth on the list of the world’s largest cryptocurrencies, with a market cap of $2.042 billion. LTC has a 24-hour trading volume of $667 million with the exchange a contributing a significant 8.62% of the trade via the trading pair LTC/BTC.
1-hour
Source: TradingView
The 1-hour chart for the LTC market suggests that the bulls have managed to wrest some initiative from the bears and have posted some decent gains over the past few trading cycles. The uptrend remains minor, however, extending from $32.05 to $32.52 and is still some way from overhauling the downtrend from $34.03 to $32.44. Recent bullish activity has however breached the previous resistance point at $33.56 and now stands at $34.05. The support point remains firm at $32.00.
The Parabolic SAR indicates that after a few bearish trading cycles, the bulls have seized some control and the market has taken a bullish turn upwards.
The Chaikin Money Flow indicates that the circulation of money in the LTC market is still well below zero. However, sustained bullish activity may push it over that mark.
The Relative Strength Index indicates that the LTC market is neither overbought or oversold. However, the RSI is trending close to the 70-mark, suggesting that it’s at risk of being overbought.
1-day
Source: TradingView
The one-day chart suggests that the market has found some stability around the $32.50-$33.50 marks. The uptrend extending from $23.38 to $30.88 has a long way to go before it corrects the downtrend from $51.71 to $28.59. Both the resistance point at $39.19 and the support point at $29.75 hold firm for the time being.
The Bollinger Bands are neither expanding or contracting at the moment. This suggests that price volatility has stabilized in the LTC market.
The MACD Index indicates that the LTC market has a bullish outlook presently.
The Klinger Oscillator, on the other hand, differs from the MACD index and suggests that the market is still under bearish control despite some bullish movement.
Conclusion
The one hour chart with indicators such as the Parabolic SAR, RSI and CMF suggest that the bulls have wrested back the initiative from the bears and that the market may soon breach its resistance points. On the other hand, the longer term, one day chart is inconclusive and its indicators such as the Bollinger Bands, MACD index and Klinger Oscillator suggest that it’s still very much a stalemate in the LTC market.
The post Litecoin [LTC] Price Analysis: Bulls wrest control as LTC market looks to breach more short-term resistance points appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] Price Analysis: Bulls rally to push BSV prices up by 7.86% before late bearish activity

Bitcoin SV [BSV] has had quite a few eventful days, a fact that is reflected by the price movement in the BSV market. While yesterday BSV tanked in the aftermath of the news that the BSV blockchain had been used to pedal child abuse images, today has been a different ball game with BSV posting a 24-hour growth rate of a very significant 7.86%.
At the time of press, BSV is valued at $63.94, with a market cap of $1.125 billion. However, it still remains eleventh in the list of the world’s largest cryptocurrencies, behind Binance Coin. It had a 24-hour trading volume of $151.17 million, with the exchange Bit-Z, contributing a significant 26.19%to it via the trading pair BCHSV/BTC.
1-hour
Source: TradingView
The one-hour chart for the BSV coin reflects the very significant rally the coin has posted over the past few hours. The uptrend extending from $58.72 to $69.49 erased much of the losses posted yesterday. However, brief bearish activity has posted a downtrend that extends from $69.50 to $65.47. The aforementioned rally has breached the previous resistance points and now sits at $69.572 while the support point holds firm at $58.128.
The Parabolic SAR has the markers over the candlesticks in the last few trading cycles, suggesting that the bears have stalled the sudden uptick in prices the bulls produced. It is thus a bearish market at the time of press.
The MACD index reflects that the bears have significantly cut into the gains the bulls had posted this morning and that a bearish crossover may be imminent. However, the MACD line, for the time being, remains above the signal line, suggesting a slightly bullish market.
The Klinger Oscillator backs up the findings of the Parabolic SAR and suggests that the BSV market is indeed bearish at the moment after the point of bearish crossover.
1-day
Source: TradingView
The one-day chart of the BSV market indicates a huge downtrend extending from $219 to $62.890 that the coin is still struggling to cope with. Despite brief uptrends such as the one that extended from $43.11 to $69.02, the BSV market still hasn’t got much relief and is yet to hit the highs associated with its beginnings. The previous support point at $64.17 was breached and it now stands at $61.68. On the other hand, it would seem that the resistance point will hold for a while at $72.197.
The Awesome Oscillator still has the BSV market trading below zero. However, it is in the green, suggesting some bullish activity may be in the offing.
The Relative Strength Index indicates that buying and selling pressures have evened each other out in the Bitcoin SV market, but tends towards the oversold zone.
The Chaikin Money Flow suggests that money is still flowing out of the market, suggesting a bearish trend to the coin’s prospects.
Conclusion
The one-hour chart for Bitcoin SV using indicators such as the Parabolic SAR, MACD and Klinger Oscillator suggests that the coin has posted some encouraging results, despite some late bearish activity. However, a definite bullish or bearish trend is too soon to identify. On the other hand, the longer term prospects of the Bitcoin SV market seem to be in the red, especially since the coin is yet to recover from its significant downtrends.
The post Bitcoin SV [BSV] Price Analysis: Bulls rally to push BSV prices up by 7.86% before late bearish activity appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Bullish expectations in check as LTC recovers from bear attack

Litecoin’s [LTC] road to recovery since early January slumps seemed to have been going well when it was hit by a sudden bear attack that stalled its momentum. In fact, in contrast to the market’s steady growth over the past few days, the LTC market has witnessed a negative growth rate of 3.66% over the past 24 hours.
The bear attack early today has led to Litecoin [LTC] losing the sixth position in the list of the the world’s largest cryptocurrencies. It now stands at the seventh position, with a market cap of $1.99 billion. LTC has had a 24-hour trading volume worth $744 million, with Coineal contributing to 7.01% of it, via the trading pair LTC/BTC. At the time of press, Litecoin [LTC] is valued at $32.99.
1-hour
Source: TradingView
The one-hour graph suggests that a sudden bear attack has stalled the bull’s run. The resulting downtrend extends from 34.03 while the prevailing uptrend extended from $30.75 to $33.58. The previous support point was breached and now stands at 32.30 while the resistance point remains firm at $34.07.
The Parabolic SAR has its markers well above the candlesticks. This suggests that that bears have claimed control of the LTC market which now has a bearish trend. However, the candlesticks do suggest that the bulls may be offering some resistance.
The Relative Strength Index indicates that the LTC market was being oversold when the RSI line dipped below zero under the bear attack. However, it seems to be creeping above zero at the time of press, suggesting that the buying and selling pressures may be evening themselves out.
The Klinger Oscillator suggests that the bulls are recovering from the early morning bear attack but that it remains a bearish market.
1 day
Source: TradingView
The 1 day chart for the LTC market reflects some level of control on volatility and some stability over the past few weeks. The uptrend extended from $23.38 to $30.69. However, it’s still a long way from overhauling the downtrend that extended from $57.24 to $28.59. Both the support point at $27.68 and the resistance point at $39.14 hold firm presently.
The Bollinger Bands are neither expanding or contracting. This suggests that volatility is holding steady at the moment in the LTC market.
The Chaikin Money Flow suggests that despite bear attacks, cash has been flowing into the LTC market in the month of February.
The MACD Index has the blue MACD line trending just above the green signal line since the bullish crossover in February. This suggests that the longer-term future of the Litecoin market may have a bullish outlook.
Conclusion
The 1 hour chart, using indicators such at the Parabolic SAR, Klinger Oscillator and RSI suggest that the bears have stalled the bulls’ steady march upwards. On the other hand, indicators such as the Bollinger Bands, CMF and MACD suggest that the longer-term future of the coin remains slightly bullish.
The post Litecoin [LTC] Price Analysis: Bullish expectations in check as LTC recovers from bear attack appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Market in the green as bulls consolidate their position

Litecoin [LTC] seems to be steadily reversing its losses incurred over the past six months and has posted some good gains over the past few days. In fact, the Litecoin [LTC] market has grown by 1.45% over the past 24 hours.
At the time of press, Litecoin [LTC] holds on to the 6th position in the list of the world’s largest cryptocurrencies, a position it took from Tether with a present market cap of $2.061 billion. It had a 24-hour trading volume worth $711.3 million, contributed significantly by Coineal (8.16%) via the trading pair LTC/BTC. Presently, the coin is priced at $34.17.
1 hour
Source: TradingView
The 1-hour chart for LTC suggests a good bullish run for the coin, with the uptrend extending from $30.68 to $33.49, despite a brief downtrend that extended from $34.17 to $33.23. The support point has remained stable at $32.82 since yesterday while the bulls have pushed the resistance point to $34.25.
The Parabolic SAR shows a series of markers below the candlesticks, suggesting that the bulls were on a good run. Despite the fact that the last few markers indicate some bearish resistance, it seems it is unlikely to last.
The Relative Strength Index indicates that both the selling and buying pressures in the LTC market have evened themselves out.
The MACD Index has the signal line creeping above the MACD line marginally, suggesting some bearish activity may be in the offing.
1 day
Source: TradingView
The 1-day chart for the LTC market suggests that it has displayed relative stability over the past few weeks. However, the LTC market is still to fully recover from the downtrend that extended from $52.19 to $28.59. The uptrend has consolidated itself and extends from $23.38 to $30.67. Both the resistance point at $39.20 and support point at $27.72 hold firm.
The Bollinger Bands have expanded just a little, suggesting there may be a little volatility and since the candlesticks suggest some bullish activity, such movement may be upwards.
The Klinger Oscillator suggests that the bulls are retaking some form of control from the bears.
The Chaikin Money Flow indicates that some bullish activity has allowed money to flow back into the LTC market.
Conclusion
The 1-hour chart, using indicators such as the Parabolic SAR, RSI and MACD suggest that there has been some recent bearish activity in the LTC market. However, this may be short-lived as bulls retain the momentum. So is the conclusion with respect to the 1-day chart which uses indicators such as the Bollinger Bands, Klinger Oscillator, and Chaikin Money Flow to suggest that the bulls are preparing to consolidate their position in the LTC market.
The post Litecoin [LTC] Price Analysis: Market in the green as bulls consolidate their position appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Bullish momentum stalls as token recovers slowly

Litecoin [LTC] continues to walk on the path to recovery after the slump that hit the coin and the cryptocurrency market, in general, this January. In fact, the cryptocurrency, the silver to Bitcoin’s gold, has registered a good growth rate of 4.48% over the past 24 hours at the time of press.
Litecoin [LTC] holds on to the seventh position on the list of the world’s largest cryptocurrencies with a market cap of $1.995 billion. It also had a 24-hour trading volume of $816 million with ZB.com contributing the most at 8.01% via the trading pair of LTC/USDT. At the time of press, LTC was valued at $33.13.
1-hour
Source: TradingView
The one-hour chat for the LTC market is witnessing a brief uptrend that has extended from $30.75 to $32.26. The uptrend has wiped out the previously prevailing downtrend that had extended fro, $31.37 to 430.65. The resistance point holds firm at $33.23 while the support point at $31.98 may or may not be breached owing to the next few trading cycles.
The Parabolic SAR have the markers above the candlesticks, suggesting that bears have been in control of the LTC market over the last few trading cycles. However, since the parabolic curve is flattening closer to the candlestick, it would seem that some bullish action may be in the offing.
The Bollinger Bands are holding steady, neither contracting nor expanding, suggesting that volatility is in control presently.
The Chaikin Money Flow has the reading line moving towards zero, suggesting that those past few bearish trading cycles have resulted in money flowing out of the LTC market.
1-day
Source: TradingView
The one-day chart indicates that there is still a long way to go before the downtrend that extended from $51.71 to $28.59 is reversed. Presently, the LTC market is holding steady and the uptrend has been brief, extending from $23.28 to $30.67. The resistance point holds fort at $39.15 while the support point at $27.71 has been at perpetual risk of being breached over the past few trading cycles.
The MACD index has both the MACD and signal line very close to each other, with neither the bulls or bears having any real momentum (as is projected by the histogram). This suggests a stalemate between the two forces.
The Relative Strength Index suggests that both buying and selling pressures have evened themselves out in the LTC market.
The Awesome Oscillator suggests the same conclusion as the MACD index. Although the bulls and bear have been alternating over trade cycles, none of them have any real momentum to consolidate their position in the LTC market.
Conclusion
The one-hour chart, using indicators such as the Parabolic SAR, Bollinger Bands and Chaikin Money Flow, suggests that the bears have managed to stall the brief good run the bulls were on. The longer, one-day chart, on the other hand, suggests that neither the bulls nor the bears are in any position to actually consolidate their control of the LTC market.
The post Litecoin [LTC] Technical Analysis: Bullish momentum stalls as token recovers slowly appeared first on AMBCrypto.
Source: AMB Crypto

LTC Technical Analysis: Bulls and bears at an impasse as some short-term joy beckons

The cryptocurrency and the Litecoin [LTC] market has recovered somewhat from the bear attack that hit the market between January 9th-10th and the last weekend. Litecoin has in fact, registered a steady growth rate of 1.31% over the past 24 hours.
At the time of press, LTC remains seventh on the list of the world’s largest cryptocurrencies with a market cap of $1.916 billion. It had a 24-hour trading volume of $662 million, with the exchange ZB.com contributing a good 8.96% of the volume via the trading pair LTC/USDT. An LTC coin is presently valued at $31.95.
1-hour
Source: TradingView
The one-hour chart for the LTC market suggests a gradual momentum to the uptrend that has extended from $30.03 to $30.68. However, it is yet to completely overhaul the losses accrued to the downtrend that existed from $33.23 to $30.65. Both the support point at $30.63 and resistance point at $32.04 hold firm for the time being.
The Parabolic SAR has its markers below the candlesticks, suggesting that the market is set to move upwards and that the bulls have certainly taken some form of control.
The Bollinger Bands are expanding a bit after a few trade cycles where they weren’t expanding or contracting. This suggests that some volatility in the market is imminent and that the price of the LTC is likely to go up.
The Klinger Oscillator has the reading line trending above the signal line, suggesting a bullish trend to the market.
1-day
Source: TradingView
The long-term chart suggests that the LTC market is yet to wipe out the downtrend that extended from $51.71 to $23.17. However, some bullish activity has helped the market recover somewhat and post an uptrend that extended from $23.28 to $30.68. The resistance point at $39.18 holds firm. However, the support point at $29.75 stands at a risk of being breached.
The Awesome Oscillator suggests that neither the bulls nor the bears have any real momentum to take control of the market.
The Relative Strength Index suggests that both the buying and selling pressures in the LTC market have evened themselves out.
The MACD graph has both the MACD line and the signal line very close to each other, with neither the bulls or bears having any real momentum (as is reflected by the histogram). This suggests the same conclusion as the one suggested by the RSI index.
Conclusion
Indicators such as the Parabolic SAR, Bollinger Bands and Klinger Oscillator suggest that there may be some short-term joy for the LTC market while the bulls enjoy a brief run. On the other hand, there is no clear projection for the 1-day chart, which uses indicators such as the Awesome Oscillator, RSI and MACD to suggest that both the bulls and the bears remain at an impasse.
The post LTC Technical Analysis: Bulls and bears at an impasse as some short-term joy beckons appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: No winners yet as bulls and bears reach a temporary stalemate

The cryptocurrency market, including that of Litecoin [LTC], has shown signs of small recovery over the past few days since the bloodbath over the weekend. Litecoin’s [LTC] growth rate over the past 24 hours, in fact, is a decent 0.16%.
At the time of press, LTC remains the world’s seventh-largest cryptocurrency, with a market cap of $1.897 billion. The LTC market saw a 24-hour trading volume worth $686 million with ZB.com contributing a significant 8.24% of it via the trading pair LTC/USDT. The cryptocurrency is presently valued at $31.50.
1-hour
Source: TradingView
In the one-hour chart, it can be seen that the healthy uptrend that extended from $30.03 to $31.02 has stalled somewhat over the past few trading cycles. However, there’s a good chance that a similar uptrend can soon wipe out the downtrend that extended from $32.56 to $30.40.
The last few trading cycles have seen the support point at $31.35 crumble and it now can be found at $31.01. On the other hand, the resistance point is firm at $32.04.
The Parabolic SAR has its markers above the candlesticks in the more recent trading cycles, suggesting that the LTC market has dipped and it is now bearish.
The Aroon indicator has the Aroon Up Line in blue well over the Aroon Down Line in green, suggesting that LTC market despite recent shortfalls is going to be bullish.
The MACD graph indicates that there has been a bearish crossover as the reading line is well above the MACD line. However, contrary to the reading of the MACD line, the histogram accompanying the graph isn’t red and is instead, suggesting some bullish movement.
1-day
Source: TradingView
The one-day chart has the LTC market still recovering from the huge downtrend that extended from $53.36 to $23.17 since last August. The uptrend has been slow and sluggish, extending from $23.38 to $30.69 over the course of the month.
Both the support point at $29.78 and resistance point at $39.17 hold firm for the time being. However, the former may be overhauled if the market dips even more.
The Bollinger Bands have contracted significantly over the past few trading cycles. This suggests that volatility is falling and that any price movement will be merely superficial or sideways.
The Awesome Oscillator is trending right around the zero mark line. This suggests that despite the fact that it’s in green, any bullish movement may just be short-term before being overhauled by the bears again.
The Chaikin Money Flow shows the reading line below zero, suggesting that money is still flowing out of the market. However, considering the fact that the line is creeping up towards the zero-mark, it would seem that some bulls are buying back into the market.
Conclusion
The projections offered by both the short-term and longer-term, one-day graph suggests contrasting conclusions. While the indicators on the one-hour graph are sending mixed signals about whether the Litecoin [LTC] market is bullish or bearish, the one-day chart is much more clearer. It suggests that a stalemate has taken shape where neither the bears nor the bulls are assuming control.
The post Litecoin [LTC] Technical Analysis: No winners yet as bulls and bears reach a temporary stalemate appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Bulls enjoy some short-term respite as bears hold the upper hand

The cryptocurrency bloodbath over the weekend seems to have staunched somewhat, with most including Litecoin [LTC] registering some form of stability, if not growth. Litecoin [LTC] has, in fact, registered a positive growth rate of 1.49% over the past 24 hours.
At the time of press, LTC was valued at $31.36 and is placed seventh in the list of the world’s largest cryptocurrencies with a market cap of $1.889 billion. It had a 24-hour trading volume of $682 million, with DOBI exchange contributing a significant 6.96% to the same, via the trading pair LTC/BTC.
1-hour
Source: TradingView
In the one-hour graph, it can be seen that LTC is gradually bringing bearish momentum to heel. Much of the downtrend that extended from $32.56 to $30.32 remains. However, the uptrend from $30.03 to $30.67 indicates some bullish activity. Both the resistance and support points hold strong at $30.99 and $30.02 respectively.
The Parabolic SAR indicates that the bearish trend to the market has been overturned by some bullish activity, at least in the short-term, suggesting a possible bullish run.
The Relative Strength Index has the reading line below the point of sixty and yet, above forty. This suggests that the LTC market is neither oversold or overbought and both buying and selling pressures have evened themselves out.
The Awesome Oscillator depicts the market trending above zero, and in the green. This suggests that the LTC market is turning bullish.
1-day
Source: TradingView
The longer-term, one-day chart for the LTC market indicates that it is yet to overhaul the massive downtrend that extended from $53.36 to $23.17. This is despite a brief uptrend that existed between $23.38 to $30.88. The resistance point holds firm at $39.17 while on the other hand, the support point at $29.78 may or may not hold out in the next few weeks.
The Bollinger Bands for the one-day chart are contracting over the past few trading cycles, suggesting that volatility is falling and that any price movement will be merely superficial or sideways.
The MACD line in blue is creeping just under the green signal line. This and the red histogram suggest that the LTC market in the long term will have a bearish outlook.
The Chaikin Money Flow has the reading line well below zero. This suggests that the LTC market is bearish and that there is money flowing out of the market, indicating the possible sale of LTCs.
Conclusion
The projections put forth by both the short-term and the one-day charts offer differing conclusions. While the one-hour chart supported by indicators such as Awesome Oscillator and Parabolic SAR suggests a bullish run soon, the longer term, one-day chart, supported by the CMF and MACD indicators suggests that the overall trend remains bearish, despite some bullish activity against it.
The post Litecoin [LTC] Technical Analysis: Bulls enjoy some short-term respite as bears hold the upper hand appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Prospect of a bullish run promises some cheer

Litecoin [LTC], the cryptocurrency that was developed to be the silver to the Bitcoin’s gold, has taken a beating since the heights of last year. However, there is reason to cheer for those interested in LTC as the coin is now the seventh in the list of world’s largest cryptocurrencies and has seen a good growth rate of 3.33% over the past 24 hours, at the time of writing.
The market capitalization at the time of press is holding at $1.967 billion while the trading volume over the past 24 hours has been valued at $617 million. Here, ZB.com has contributed to almost 9% of the trade with LTC/USDT being the most popular trading pair.
1 – hour
Source: TradingView
The 1-hour graph indicates a small downtrend taking shape as it currently extends from $33.255 to $32.939. This comes after a short burst of uptrend the trading market saw that lasted from $32.099 to $33.308. The resistance point holds firm at $33.505 while the support point may be overhauled if the downtrend continues. It presently stands at $32.699.
The Bollinger Bands are neither expanding or contracting, indicating that any volatility has been stabilized and that any price movement will be merely sideways in the range of $32.50  and $33.50.
The Aroon indicator has the Aroon Down Line over the Aroon Up Line, indicating that the market has taken a bearish turn.
The Awesome Oscillator indicates that the market is taking a gradual spiral downwards and that the mood is presently bearish. However, the AO line is yet to cross the mark of 0, indicating that this may be temporary.
1 – day
Source: TradingView
The longer term, the 1-day graph suggests that an uptrend is in motion, one that extends from $24.082 to $30.993. That being said, it’s still significantly short of overhauling the last downtrend that extended from $54.340 to $23.270. Both the resistance and support points are holding steady at $40.169 and $28.683, and are not likely to be breached in the near future owing to a lot of sideways price movement.
The Parabolic SAR presents a steeping curve that ends on top of the final few candlesticks. This finding indicates that bearish momentum is stalling and that a bullish run may be in the offing.
The Chaikin Money Flow has the reading line just below the point of zero, indicating that despite the good signs, investors remain on the fence about purchasing LTC and some may be in fact, selling them too.
The MACD line reading suggests that the bulls have recouped well since the bearish crossover. In fact, the line is just creeping above the signal line, supporting the finding of the histogram which suggests a bullish run may be seen soon.
Conclusion
The short term indicators such as the Bollinger Bands, Aroon and AO all suggest that the market is in for a bearish turn downwards. However, the long term chart should give some reason to cheer as its indicators such as the SAR, Chaikin Money Flow and MACD suggest that a bullish run may be in the offing soon. Whether this has to do with Litecoin’s new logo is difficult to say. Also, whether such a run will stall the sideways price movement in the market is yet to be seen too.
The post Litecoin [LTC] Technical Analysis: Prospect of a bullish run promises some cheer appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Bearish momentum stalls as bulls resist downtrend

Like most cryptocurrencies right now, Litecoin [LTC] continues to bleed. From the heights of the previous year, the value of LTC has fallen considerably against the US Dollar to just $31.70 presently and the market has retained a decidedly bearish trend. The market has also gone down by 0.22% over the past 24 hours.
At the time of press, Litecoin [LTC] remained in the eight position on the list of the world’s largest cryptocurrencies with a market capitalization of $1.90 billion. Over the last 24 hours, it had a volume worth $595.9 million, with ZB.com contributing the most at 8.13% via the trading pair LTC/USDT.
1 – hour
Source: TradingView
The one-hour chart suggests that the bearish downtrend that extended from $32.216 to $31.661 has stalled somewhat. However, the uptrend from $31.684 to $31.914 is yet too brief to mark a momentum shift in the general bearish trend of the trade. Both the support and resistance points at $31.579 and $32.790 have held on firmly against both bearish and bullish pressures
The Parabolic SAR indicates that all markers are well above the candlesticks, suggesting that the market remains overwhelmingly bearish in nature.
The Awesome Oscillator suggests that the bulls have mounted some resistance against bearish control and that the market may see a reversal of trends soon.
The Aroon indicator has the Aroon Up line way over the Aroon Down line and is thus, closer to the level of 100. This backs the finding of the AO and indicates that bullish resistance is currently holding the fort in the market.
1 – day
Source: TradingView
On the other hand, the long-term projection of the market suggests that the outlook and momentum are all in the bear’s favor. The market has seen a recent uptrend from $24.082 to $30.993. However, it is yet to overhaul the massive downtrend that extended from $89.263 to $40.192. Both resistance and support points are holding steady at $40.193 and $23.414 respectively.
The Bollinger Bands are neither expanding nor contracting and are holding steady, suggesting that volatility is stable and that any movement here will be merely sideways.
The Chaikin Money Flow has the market trading below the point of zero, suggesting that money is still flowing out of the market, indicating a bearish outlook for the market in the long-term.
The Relative Strength Index suggests that the market has neither been oversold or overbought, indicating that both buying and selling pressures have evened themselves out.
Conclusion
The indicators for the one-hour chart including the SAR, Aroon, and AO have produced contrary results but it would seem that the bulls are slowly forcing the bears back. Whether the bulls will sustain this momentum is difficult to predict. On the other hand, the long-term, one-day chart, using indicators like Bollinger Bands, CMF and RSI suggest that despite brief bullish resistance, the bears still have the LTC market by its throat.
The post Litecoin [LTC] Technical Analysis: Bearish momentum stalls as bulls resist downtrend appeared first on AMBCrypto.
Source: AMB Crypto