Cryptocurrency Litecoin (LTC/USD) is trading at 209.51. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of level 180.20 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 280.50.
Litecoin (LTC/USD) forecast on March 5 — 11, 2018
The conservative buying area for Litecoin is located near the lower border of the Bollinger Bands indicator bars at 175.20. The abolition of the continuation of Litecoin growth will be the breakdown of the lower bound of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 150.20, which indicates a change in the trend in favor of the bearish for LTC/USD. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, one should expect an acceleration of growth.
Litecoin (LTC/USD) forecast and analysis on August 20, 2019
Cryptocurrency Litecoin (LTC/USD) is trading at 76.23. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.
Litecoin (LTC/USD) forecast and analysis on August 20, 2019
As part of the Litecoin exchange rate forecast, a test of the level of 78.20 is expected. Where should we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 66.20. The conservative sales area for Litecoin is located near the upper border of the Bollinger Bands indicator strip at 80.00.
Cancellation of the option to continue the decline in the rate of Litecoin will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair above the area of 82.40. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on August 20, 2019 implies a test level of 78.20. Further, it is expected to continue falling to the area below the level of 66.20. The conservative area for selling Litecoin is located area of 80.00. Canceling the option of falling cryptocurrency will be a breakdown of the level of 82.40. In this case, we can expect continuation growth
Litecoin: The pair might be setting up for a move higher
- Nice trendline break yesterday could indicate a further move higher
- Intraday 76.00 could provide support – before LTC/USD breaks higher
- Both the MACD and Stochastics have moved into positive territory
Litcoin is not one of the best performing cryptocurrencies today but there has been a bullish trendline break that we need to take notice of. The trendline on the chart broke yesterday taking out the 77.00 wave high in the process. Today the price is still in the consolidation area but at slightly higher levels.
The area we need to watch is 78.13, which LTC/USD did breach for a short period of time. Recent price action has taken LTC/USD back down below that level but we need to watch for a break and close above as this would mean a continuation of the lower high lower low trend pattern on the 4- hour chart. If we are to see a push to higher levels, something we may see is a retest of a trendline or a previous consolidation high for support.
On the 4-hour chart, the stochastic indicator is in an overbought zone and could dip lower to give the price some room to breathe before another move up. The MACD histogram is also positive as the two moving averages diverge but interestingly both the moving averages have not crossed the mid-line to the upside so we cannot confirm a full change of trend yet.
On the zoomed in 1-hour chart below, you can see the resistance level hold. On the one hour chart, the 76.00 level could be seen as a good support point for support before we get a move higher. On the other hand, if it does break and hold below, this could be bearish and prices might retest the lows again. For now, the base case scenario is a break of 78.50 back to the upside so we can get another test of 80.00.
Litecoin Price Analysis: Litecoin (LTC) Price Embarks Recovery; Coin Deals At $73
- Litecoin (LTC) price reflects a recovery in the intraday chart.
- The future prospect looks brighter.
Litecoin (LTC) price has started a recovery spree on the price chart. The past couple of days were quite disturbing for the entire market. The market cap has dropped to $26 billion which at $30 billion in the last month.
Well, the recovery is in the coin is indicating a better time ahead. We are hopeful about the upsurge in the market would embark soon. The slow and steady recovery can be the indication for the future price rally too.
LTC to USD Price Comparison:
The chart is taken from Trading View on 18th August 2019 at 06:41:28 UTC for price analysis.
Looking at the chart, the coin is reflecting a downtrend. The currency started escalating from the late hours in yesterday chart and has also started today. Yesterday, the coin opened with a small uptrend. The coin jumped from $75 to $75.5 by 0.50%. The coin slipped from $75.5 to $71.6 by 4.99%. The coin recovered from $71 to $72 by 3%. Today, the coin slipped by 1.83% from $72 to $71.6. Later, the coin jumped from $71.6 to $73.3 by 2.42%.
Current Statistics of Litecoin:
|Circulating Supply||63,060,006 LTC|
|Total Supply||63,060,006 LTC|
|Market Cap||4,600,082,753 USD|
|24hr Volume||2,471,465,511 USD|
Litecoin Price Prediction and Conclusion:
Litecoin (LTC) has outperformed Bitcoin (BTC) from the beginning of the year. The coin superseded the expectations of the traders in the first two quarters. From the third quarter, Litcoin came under market pressure. Thus, the coin is suffering on the chart.
The coin is expected to deal around $100 by the end of 2019. The long term traders would be seen drawing colossal profits in the future.