On Saturday (April 17), Litecoin ($LTC) broke through the $335 level for the first time since December 2017. Although HODLers are delighted with the 143% gain (vs USD) so far in 2021, one crypto analyst believes the LTC price is headed much higher. Data by TradingView indicates that, on crypto exchange Coinbase, at 09:07 UTC… Continue reading Litecoin Breaks $335 for First Time Since Dec 2017, Analyst Says ‘$1000 Is Imminent’
Litecoin is finding support at the previous lows, suggesting that bulls are defending the $48 area strongly. Price could retest the area of interest around $70 once more and complete the formation of a double bottom pattern. This would also be a former support zone, so it would take a strong bullish catalyst to sustain… Continue reading Litecoin Price Analysis: LTC/USD Reversal In Sight?
LTCUSD has broken below a short-term symmetrical triangle pattern to signal that a selloff is about to take place. However, price has yet to test support at the bottom of its ascending trend channel visible on the 4-hour time frame. The short-term triangle spans 80.00 to 95.00 so the resulting selloff could be of the… Continue reading LTCUSD Technical Analysis – Short-Term Breakdown, Uptrend Still Intact
LTCUSD formed lower highs and higher lows to create a symmetrical triangle consolidation pattern on its 1-hour time frame. Price just bounced off the top and might be due for a test of support zone. The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the… Continue reading LTCUSD Technical Analysis for 07/26/2018 – Waiting for Directional Clues
LTCUSD recently broke above its descending trend line to show that a reversal is underway. The 100 SMA has also crossed above the longer-term 200 SMA to show that bullish momentum is returning. At the same time, the 50% Fibonacci retracement level lines up with the dynamic support at these moving averages. This adds to… Continue reading LTCUSD Technical Analysis for 02/23/2018 – Another Break and Retest