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Litecoin (Cryptocurrency)

LTCUSD breakdown continuesLitecoin continues to slide lower in early Wednesday trade after bulls failed to hold the cryptocurrency above the pivotal $90.00 resistance level. The LTCUSD pair may start to fall back towards its 200-day moving average where bargain hunters could start to pick up at the crypto at a more attractive price. Overall, the current down move looks set to continue until we see stabilization above the $90.00 level. The LTCUSD pair is only bullish while trading above the $90.00 level, key resistance is found at the $100.00 and $107.00 levels. If the LTCUSD pair trades below the $90.00 level, key support is found at the $73.00 and $60.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD under key supportLitecoin continues to struggle to find a directional bias in early Thursday trade, with the LTUSD pair trapped between the $125.00 to $110.00 levels. The four-hour time frame shows that a bearish head and shoulders pattern with a $20.00 downside projection still remains valid. A move above the $125.00 level may prompt buying interest back towards the important $40.00 level. The LTCUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels. If the LTCUSD pair trades below the $125.00 level, key support is found at the $110.00 and $95.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD sell below $125.00Litecoin has started to turn bearish alongside the broader cryptocurrency market after falling below the key $125.00 level. The four-hour time frame is also showing that the LTCUSD pair has now broken under key trend-line support. Weakness in the LTCUSD pair should be expected in the short and medium-term while the price continues to trade below the pivotal $125.00 level. The LTCUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels. If the LTCUSD pair trades below the $125.00 level, key support is found at the $110.00 and $100.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD correction overdueLitecoin is starting to struggle in early Wednesday trade as the cryptocurrency appear overdue for a much-needed technical correction. A sustained move below the $125.00 level should provoke technical selling in the LTCUSD pair toward at least the 110.00 support level. If bulls can break the $140.00 the LTCUSD pair offer relatively limited technical resistance until the $160.00 level. The LTCUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels. If the LTCUSD pair trades below the $125.00 level, key support is found at the $110.00 and $100.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD watching bearish patternLitecoin has failed to follow Bitcoin higher and rally to a fresh 2019 trading high, with the popular crypto so far finding resistance from the just below the $145.00 level. The one-hour time frame is showing that bulls need to make a new high as a bearish head and shoulders pattern is in play. Overall, the LTCUSD pair is still extremely bullish while trading above the important $125.00 level. The LTCUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $145.00 and $160.00 levels. If the LTCUSD pair trades below the $125.00 level, key support is found at the $120.00 and $100.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD could hit $160.00Litecoin has advanced to fresh 2019 trading high following a bullish technical breakout above the $120.00 resistance level on Tuesday. The LTCUSD pair is now marching forward, with the $134.00 and $160.00 levels the two major bullish targets ahead. The daily time frame is clearly showing that a huge inverted head and shoulders pattern could now be in the forming. The LTCUSD pair is only bullish while trading above the $110.00 level, key resistance is found at the $134.00 and $160.00 levels. If the LTCUSD pair trades below the $110.00 level, key support is found at the $100.00 and $90.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD $100.00 breakout supportLitecoin has followed the broader cryptocurrency market lower this week, with the sixth largest crypto so far finding technical support from the $96.50 level. The $100.00 level is still seen as major breakout support on both the four-hour and daily time frames. Bulls need to rally the cryptocurrency towards the $120.00 level to negate the bearish double-top pattern formation on the four-hour time frame. The LTCUSD pair is only intraday bullish while trading above the $110.00 level, key resistance is found at the $120.00 and $135.00 levels. If the LTCUSD pair trades below the $110.00 level, key support is found at the $96.50 and $85.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD $110.00 pivotLitecoin has started to trade lower after hitting $120.00, with the sixth largest cryptocurrency so far finding support from the $100.00 level. The LTCUSD pair now needs to break above the $110.00 level to encourage new buying towards the $114.00 and $120.00 levels. The Ichimoku indicator on the four-hour time frame is showing that the $110.00 level is major support before the $90.00 region. The LTCUSD pair is only bullish while trading above the $110.00 level, key resistance is found at the $114.00 and $120.00 levels. If the LTCUSD pair trades below the $110.00 level, key support is found at the $100.00 and $90.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD breakout underwayLitecoin has moved to a fresh 2019 trading high after buyers performed a bullish weekly price close above the psychological $100.00 resistance level. The LTCUSD pair has ignited a bullish pattern on the four-hour time frame and may soon target towards the $125.00 level. Sellers will need to force price back under the $100.00 level to change the strong intraday bullish bias surrounding the cryptocurrency. The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $125.00 and $135.00 levels. If the LTCUSD pair trades below the $100.00 level, key support is found at the $94.00 and $85.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD bullish above $85.00Litecoin is holding above major technical support in early Tuesday trade after the sixth largest cryptocurrency by market capitalization was rejected from just above the $100.00 level. If LTCUSD bulls can hold price above the $85.00 level another test of the $100.00 level seems likely. Overall, the bullish inverted head and shoulders pattern on the four-hour time frame still has an upside target of at least $130.00. The LTCUSD pair is only bullish while trading above the $85.00 level, key resistance is found at the $100.00 and $130.00 levels. If the LTCUSD pair trades below the $85.00 level, key support is found at the $77.00 and $70.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD faces formidable resistanceLitecoin is once again testing towards the best levels of 2019, with the sixth largest cryptocurrency facing formidable resistance from the $100.00 level. The Ichimoku indicator is showing that the LTCUSD pair is pushing through cloud resistance on the weekly time frame. Sellers need to move the price below the $77.00 level to shift the current bullish bias surrounding the LTCUSD pair. The LTCUSD pair is only bullish while trading above the $77.00 level, key resistance is found at the $100.00 and $130.00 levels. If the LTCUSD pair trades below the $77.00 level, key support is found at the $65.00 and $58.00 levels.
COINBASE:LTCUSD
by OctaFX_Official
LTCUSD bullish above $75.00Litecoin is attempting to move higher in early week trade after the sixth largest cryptocurrency by market capitalization was given a boost by the latest strong rally in Bitcoin. The LTCUSD pair only has an intraday bullish bias while trading above key technical support, at $75.00. Bulls will soon need to break the former monthly trading high or the LTCUSD pair may come back under downside pressure. The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $85.00 and $99.00 levels. If the LTCUSD pair trades below the $75.00 level, key support is found at the $65.00 and $58.00 levels.
BITFINEX:LTCUSD
by OctaFX_Official
LTC / USD Price Analysis: Bearish RetraceLTC / USD Short-term price analysis LTC has a bearish short-term trading bias, with the LTC / USD pair now creating bearish lower lows and trading beneath its 200-period moving average on the four-hour time frame. The bearish double-top pattern formation on the four-hour time frame continues to weigh on short-term trading sentiment with the LTC / USD pair so far finding interim support from the $68.00 level. The four-hour time frame shows that key upcoming short-term support is located $60.00 and $54.00 levels. Pattern Watch Traders should note that a large inverted head and shoulders pattern remains present across the four-hour time frame. Relative Strength Index The Relative Strength Index is bearish on the four-hour time frame, although it is now attempting to recover from oversold conditions. MACD Indicator The MACD indicator is neutral on the four-hour time frame, with the MACD signal line and histogram failing to generate a clear trading signal. LTC / USD Medium-term price analysis LTC still has a bullish medium-term trading outlook, with the cryptocurrency trading well above its trend defining 200-day moving average. The daily time frame shows that the LTC / USD pair is retracing lower after the recent upside rally created a much larger inverted head and shoulders pattern. Key technical support on the daily time frame is currently located at the start of the April bullish rally, around the $60.00 level, and the pair’s 200-day moving average, at $50.00. www.tradingview.co LTC / USD Daily Chart by TradingView Pattern Watch Traders should continue to monitor the neckline of the bullish inverted head and shoulders pattern on the daily time frame. Relative Strength Index The Relative Strength Index is bearish on the four-hour time frame, although it is now attempting to recover from oversold conditions. MACD Indicator The MACD indicator has turned bearish on the daily time frame, with the MACD signal line continuing to issue a sell signal. Conclusion LTC is still under pressure in the short-term, with the four-hour time frame highlighting that the near-term sentiment towards the LTC / USD pair is still bearish. The daily time frame is still showing that the inverted head and shoulders pattern remains valid, while the $50.00 level is the key downside area to watch over medium-term.
COINBASE:LTCUSD
by CryptoBriefingTA
LTCUSD $65.00 major weekly supportLitecoin is struggling to move higher on Wednesday, as the sixth largest cryptocurrency by market capitalization failed to rally alongside Bitcoin on Tuesday. The LTCUSD pair is still trapped within a bullish descending triangle pattern on the daily time frame. Overall, the LTCUSD pair still has a bullish weekly trading bias above the $65.00 level, which is the neckline of the large inverted head and shoulders pattern. The LTCUSD pair is only bullish while trading above the $65.00 level, key resistance is found at the $85.00 and $100.00 levels. If the LTCUSD pair trades below the $65.00 level, key support is found at the $50.00 and $45.00 levels.
BITFINEX:LTCUSD
by OctaFX_Official
A trading opportunity to buy in LTCBTCMidterm forecast: 0.01315 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 0.01890 on 04/03/2019, so more losses to support(s) 0.01430 and minimum to Major Support (0.01315) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.01430 to 0.01315). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01430) Ending of entry zone (0.01315) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.01500 TP2= @ 0.01620 TP3= @ 0.01730 TP4= @ 0.01890 TP5= @ 0.02015 TP6= @0.02380 TP7= Free
LLong
by ForecastCity_EU