Connect with us

Litecoin

Litecoin (LTC) Price Surges Over 7% to Nearly $47 as it Continues its Upwards Surge

Published

on

After an incredibly positive week for Litecoin (LTC), it has been able to continue its upwards price surge today and is one of the few major cryptocurrencies that has surged during an overall quiet trading session in the crypto markets.

Today’s upwards move has brought LTC to the top of its resistance region, and a break above this level could lead to a significantly further price surge.

Litecoin Price Surges During Quiet Trading Session

At the time of writing, Litecoin (LTC) is trading up over 7% at its current price of $46.8. LTC is up significantly from its weekly lows of $32, which were set earlier last week before the cryptocurrency began climbing.

Instinct, a popular cryptocurrency trader on Twitter, spoke about LTC’s recent price surge, noting that it is now pushing up against another resistance level.

“$LTC showing no signs of slowing down. Pumping on a Sunday morning straight to the top of this 3D resistance level… Very happy with my long from avg ~.093 on Mex. Want to add but not until I see some type of retest after a S/R flip. Looking quite impulsive now,” he explained.

Litecoin (LTC) Nears Weekly Resistance Level

Although today’s upwards surge is certainly positive for LTC, it still has a ways to go before it pushes against its major weekly resistance level.

SalsaTekila, another popular cryptocurrency analyst on Twitter, noted that Litecoin’s strong weekly resistance level currently lies around 0.0165 BTC, up slightly from LTC’s current price of 0.0128 BTC.

“$LTC analysis, tapping a fresh daily supply zone. Bottom grey is weekly support, top grey is weekly resistance. Looks to me like a local top.”

Other Cryptocurrencies Experience Mixed Trading Session 

Although LTC is surging today, most cryptocurrencies are trading mixed today.

At the time of writing, Ethereum is trading down marginally at its current price of $118.65. ETH is up significantly from its weekly lows of $103 and has established the low-$100 region as a strong level of support.

XRP has dropped over 1% today and is currently trading at just above $0.30. XRP has historically treated $0.28 as a region of support, which is slightly above its 2018 low of $0.25.

Bitcoin Cash is one of today’s worst performing cryptocurrencies, as it is trading down 2.3% at its current price of $123.86. However, BCH is still up from its weekly lows of $112.

Source: newsbtc

Advertisement
Click to comment

Litecoin

Litecoin (LTC/USD) weekly forecast on February 18 — 24, 2019

Published

on

Cryptocurrency Litecoin (LTC/USD) is trading at 43.25. 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 February 18 — 24, 2019

As part of the Litecoin course forecast, a test level of 38.50 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 52.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 27.50.

Litecoin (LTC/USD) weekly forecast on February 18 — 24, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be the 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 the area of ​​23.50. 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) weekly forecast on February 18 — 24, 2019 implies a test level of 38.50. Further growth is expected to continue to the area above the level of 52.50. The conservative area for buying Litecoin is located area of 27.50. The cancellation of the cryptocurrency growth option will be a breakdown of the level of 23.50. In this case, we should expect the continuation of the fall.

News Source:

Continue Reading

Litecoin

Litecoin forecast and analysis LTC/USD for 2019

Published

on

Litecoin LTC/USD traded at 41.99 and continue to move in the ascending channel. At the moment, we should expect an attempt to drop and test the support level near the 10.00 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 400.00.

Litecoin forecast and analysis LTC/USD for 2019

In support of the growth of LTC/USD quotes, a test of the support area on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the Litecoin course in 2019 will be the fall and the breakdown of the 7.50 area. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotations above 75.00, we should expect confirmation of the development of the upward trend in Litecoin.

Litecoin forecast and analysis LTC/USD for 2019

Litecoin forecast and analysis LTC/USD for 2019 implies an attempt to test the support area near the 10.00 level. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 400.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation option lift will fall and the breakdown of the 7.50 area. This will indicate a continued decline in cryptocurrency.

Source: 

Continue Reading

Litecoin

Litecoin (LTC/USD) forecast and analysis on February 17, 2019

Published

on

Cryptocurrency Litecoin (LTC/USD) is trading at 43.10. 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) forecast and analysis on February 17, 2019

As part of the Litecoin course forecast, a test of 41.80 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 47.80. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 40.00.

Litecoin (LTC/USD) forecast and analysis on February 17, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be the 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 ​​38.50. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.

Litecoin (LTC/USD) forecast and analysis on February 17, 2019implies a test level of 41.80. Further, growth is expected to continue to the region above the level of 47.80. The conservative area for buying Litecoin is located area of 40.00. The cancellation of the cryptocurrency growth option will be a breakdown of the level of 38.50. In this case, we should expect the continuation of the fall.

Continue Reading
Advertisement
Advertisement
Open

Close