PrimeXBT will be now be offering a technical and fundamental analysis overview of LTCBTC.
News :
More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses.
Switzerland-based cryptocurrency bank SEBA is now fully operational. The bank is offering SEBAwallet app, e-banking, and SEBA card facilities, through which customers can manage five cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC), and convert them into traditional currencies and vice versa online, per their announcement.
Technical Analysis :
When compared with Bitcoin, LTC is still trading well within a descending channel formation, which shows that the market is undecided.
Its bulls are experiencing some difficulty, as the coin recently broke below its support at 5600 SAT and continued to fall down towards 5500 SAT. The critical support level is located at level 5100 SAT and below.
However, a strong attempt by bulls to sway the market could lead the coin to be pushed above its moving averages until it finds resistance at 5980 SAT and above.
Meanwhile, the price of Litecoin is currently at 5540 SAT, and a spike in volatility could occur as its RSI is about to enter the oversold area. Also, the indicator has formed a bullish divergence, which often indicates that a bullish trend reversal is forming.
As always, be careful, and don't forget about capital & risk management.
Please, let us know what you think in the comments below. We appreciate the continued support that PrimeXBT has received from readers and traders like you!
News :
More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses.
Switzerland-based cryptocurrency bank SEBA is now fully operational. The bank is offering SEBAwallet app, e-banking, and SEBA card facilities, through which customers can manage five cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC), and convert them into traditional currencies and vice versa online, per their announcement.
Technical Analysis :
When compared with Bitcoin, LTC is still trading well within a descending channel formation, which shows that the market is undecided.
Its bulls are experiencing some difficulty, as the coin recently broke below its support at 5600 SAT and continued to fall down towards 5500 SAT. The critical support level is located at level 5100 SAT and below.
However, a strong attempt by bulls to sway the market could lead the coin to be pushed above its moving averages until it finds resistance at 5980 SAT and above.
Meanwhile, the price of Litecoin is currently at 5540 SAT, and a spike in volatility could occur as its RSI is about to enter the oversold area. Also, the indicator has formed a bullish divergence, which often indicates that a bullish trend reversal is forming.
- Resistance Levels: 0.00574, 0.00598, 0.00615
- Support Level: 0.00550
- Market Cap: $2 582 278 919 USD
- Volume (24h): $2 864 953 826 USD
- Circulating Supply: 63 704 644 LTC
As always, be careful, and don't forget about capital & risk management.
Please, let us know what you think in the comments below. We appreciate the continued support that PrimeXBT has received from readers and traders like you!
Trade active:
Litecoin's price breakthrough the resistance line.
LTCBTC signals a bullish signal.
LTCBTC signals a bullish signal.
Trade active:
LTCBTC's almost reached the target of 0.005980
Trade active:
Comment:
LTCBTC tested the ex-resistance zones.
Trade closed: target reached
Comment:
