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Litecoin (LTC/USD) forecast and analysis on April 6, 2018

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Cryptocurrency Litecoin (LTC/USD) is trading at 115.03. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the lower border of the Bollinger Bands indicator bars. A test of level 122.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 98.50.

Litecoin (LTC/USD) forecast and analysis on April 6, 2018

Litecoin (LTC/USD) forecast and analysis on April 6, 2018

The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 134.20. The abolition of the continuation of the fall of the LTC/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of ​​140.50, indicating a change in the bullish trend for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.

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Litecoin

Litecoin (LTC/USD) forecast and analysis on June 18, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 135.63. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on June 18, 2019

As part of the Litecoin course forecast, a test level of 132.60 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 152.00. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 127.50.

Litecoin (LTC/USD) forecast and analysis on June 18, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 126.20 area. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on June 18, 2019 implies a test level of 132.60. Further growth is expected to continue to the area above the level of 152.00. The conservative area for buying Litecoin is located area of 127.50. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 126.20. In this case, we should expect the continuation of the fall.

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Litecoin (LTC/USD) weekly forecast on June 17 — 23, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 134.20. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Litecoin (LTC/USD) weekly forecast on June 17 — 23, 2019

As part of the Litecoin course forecast, a test level of 120.00 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 178.20. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 98.50.

Litecoin (LTC/USD) weekly forecast on June 17 — 23, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 95.20 area. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) weekly forecast on June 17 — 23, 2019 implies a test of the level of 120.00. Further, growth is continued to the region above the level of 178.20. The conservative area for buying Litecoin is located area of 98.50. The cancellation of the option of cryptocurrency growth will be the breakdown of the level of 95.20. In this case, we should expect the continuation of the fall.

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The First time Bitcoin hit $10k, ETH Traded at $450. Will history repeat itself?

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Bitcoin crossed $9k earlier today and has been above that since then. The price could be heading towards $10k in the next few days, no way to tell. However, comparing historical price growths, Ethereum rose to $450 the last time Bitcoin hit the $10k mark. The question is will the trend repeat itself in the current bull market?

The price surge for Bitcoin has not been very friendly towards altcoins and although the alts are also pressing to go up, they are not rising as fast as Bitcoin. Like Bitcoin, Ethereum, the second largest cryptocurrency by market cap has made an impressive move upwards as well. However, the price is not as close to $450 as Bitcoin is to $10,000.

Bitcoin at the current price of $9,088 will only need nearly $1000 to hit $10,000. Ethereum, on the other hand, is at $270, requiring just about $180 to hit $450. However, the rate of price gain for Ethereum seems slow enough for Bitcoin to hit $10,000 first as Bitcoin has demonstrated a much faster growth.

Things may change a little later though and history could repeat itself. A technical analyst known on Twitter as Rekt Capital pointed out a rather “new paradigm”. Bitcoin dominance in the cryptocurrency market is rising simultaneously with the altcoin market cap.

This is indeed curious because as at yesterday, Bitcoin dominance was making significant progress and there was fear of it surpassing 60% and trampling altcoins in the process.

A simultaneous rise of the two could, therefore, be a pointer to the possibility of history repeating itself with Ethereum hitting $450 when Bitcoin hits the $10k price level. This may just be one of the several repeated patterns that have been highlighted.

The Bitcoin market has particularly demonstrated several similarities with previous patterns that point to a strong bull market. There has been a panic that altcoins would be left behind if Bitcoin dominance grew disproportionately, but with the recent indication of simultaneous growth, a bull market for all could be coming soon. According to the charts, Bitcoin dominance has reduced to 57% signaling hope for altcoins.

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