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Litecoin

Litecoin (LTC) is a mess – their roadmap is literally non-existent

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2016: Write roadmap & whitepaper

2017: Hype creation

2018: Cashing out and the great disappearance

This is how Litecoin was described in their own subreddit. Even funnier was the comment right above it that says Litecoin’s roadmap is literally non-existent because they forgot to renew their domain subscription.Current State Litecoin Roadmap_ _ litecoin

And that depicts the state of Litecoin the best. It is a project that has little going on for it, hovering around scanty $25 per coin.

LTC is like an abandoned legacy BTC fork that is carrying on by name recognition only, since it was one of the earliest forks. It is a 100% copy of bitcoin, brings zero innovation and the only the only reason LTC is still even on the map is because Charlie Lee talked Coinbase CEO Brian Armstrong into adding it to Coinbase.

Brian threatened to add new coins to light a fire under Core to scale bitcoin. He only planned to add ETH. But Charlie was working at Coinbase and got LTC added too. Then we had a bull run where millions of uninformed people swarmed into crypto and saw LTC on Coinbase. That’s literally the only reason this coin is still even on the map.

Litecoin does nothing to contribute any value to the cryptocurrency world. This is directly from the mouth of litecoin holders and insiders:

When you read this, the first thought that comes to mind is do we really need a $1.8 billion testbed for bitcoin? Where is the value that litecoin brings to the table. It is ok to take parts of other people’s code when it is open source, it is a common practice among developers. But to simply sit and wait for other people to do the work and just port it onto LTC is paragon of parasitism.

Here is another very detailed essay on Litecoin by Multicoin Capital, they too see no real purpose for LTC’s existence.

Charlie Lee pops out occasionally with some light comments, no firm and in-depth explanations what are they up to, but rather some spirit lifting buzzwords about bears, bulls, patience and so on. Litecoin is pointless and just like it lead the ascend of the questionable altcoins back in the bull-mania, it will slowly lead the way to the graveyard for those same altcoins.

Source: captainaltcoin

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Litecoin

Litecoin (LTC): Will 100-day SMA hold ground?

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  • Litecoin rises 3.22% on the day to become the market leader on Friday.
  • Litecoin is still holding onto the 4th position on CoinMarketCap.

Litecoin has recovered slightly from the intraday low at $41.3448. Besides, the entire market is generally in the green. Litecoin has added 3.22% to its value to exchange hands at $42.61.

The trading volumes have been decreasing since the ballistic rise on February 8 where Litecoin rose 30% from the low around $32.00. From monthly highs around $1.7 billion the trading volume is back below the 1 billion mark. While the same decline has been witnessed in its market capitalization, Litecoin is still holding onto the 4th position on CoinMarketCap with a market share of $2.5 billion.

Litecoin is immediately supported by the 2-hour 100-day Simple Moving Average (SMA) which also coincides with the 61.8% Fib retracement level (confluence). On the upside, the 50-day SMA is capping gains at $42.73. There will be more resistance at $44 as well as the supply zone seen at $47.00.

Indicators on the chart are still positive but Litecoin is likely to continue sideways in the short-term. The Relative Strength Index (RSI) is horizontal at 58.36 after recovering from levels close to the oversold levels. The Moving Average Convergence Divergence (MACD) is almost crossing back above the mean line into the positive zone to show that the bulls are gaining traction against the bears.

LTC/USD 2-hour chart 

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LTC/USD: Price sits on $41.50 support line as market breakout is on the horizon

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  • LTC/USD currently sits on the $41.50 support line as bears dominate the market in the last two days.
  • Technical analysis shows that a price breakout is on the horizon.

LTC/USD market is currently sitting on top of the $41.50 support line. The bulls need to buckle up because technical analysis shows that a breakout is on the horizon.

LTC/USD daily chart

  • The LTC/USD bears have broken past the $41.50 support line.
  • The moving average convergence/divergence (MACD) histogram shows that the market’s overall bullish sentiment is reversing its trend. 

LTC/USD 4-hour chart

  • LTC/USD 4-hour market forms multiple bearish flags ripe for a breakout.

LTC/USD hourly chart

  • LTC/USD hourly chart shows that the bulls are trying to fight back.
  • The market is trending along the 20-day simple moving average (SMA 20) curve.

Key Levels

  • Resistance 3: $44.5394
  • Resistance 2: $43.4894
  • Resistance 1: $42.4348
  • Pivot Point: $41.3848
  • Support 1: $40.3302
  • Support 2: $39.2802
  • Support 3: $38.2257
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Litecoin (LTC/USD) forecast and analysis on February 15, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 41.28. 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 lower border of the Bollinger Bands indicator bands.

Litecoin (LTC/USD) forecast and analysis on February 15, 2019

As part of the Litecoin course forecast, a test level of 39.80 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 47.20. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 39.60.

Litecoin (LTC/USD) forecast and analysis on February 15, 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 the moving average with a period of 55 and closing quotes pair below the area of ​​37.20. 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 bands, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on February 15, 2019 implies a test level of 39.80. Further, growth is expected to continue to the area above the level of 47.20. The conservative area for buying Litecoin is located area of 39.60. The cancellation of the growth option of cryptocurrency will be the breakdown of the level of 37.20. In this case, we should expect the continuation of the fall.

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