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Litecoin (LTC/USD) forecast and analysis on February 11, 2019



Cryptocurrency Litecoin (LTC/USD) is trading at 43.11. 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 11, 2019

As part of the Litecoin course forecast, a test of 41.50 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 49.50. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 29.10.

Litecoin (LTC/USD) forecast and analysis on February 11, 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 the closing of quotations of the pair below the area of ​​28.60. 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 11, 2019 implies a test level of 41.50. Further, growth is expected to continue to the area above the level of 49.50. The conservative area for buying Litecoin is located area of 29.10. The cancellation of the growth option of cryptocurrency will be the breakdown level 28.60. In this case, we should expect the continuation of the fall.



Litecoin Technical Analysis: LTC/USD bears gunning for full April advance reversal



  • Litecoin price on Wednesday is on the back foot, nursing losses of 1.8% late in the session. 
  • LTC/USD bulls failed to capitalize on a bullish pennant pattern technical structure. 
  • Bears are looking to go in for the kill with a full reversal of April gains.

Spot rate:                  72.73

Relative change:      -2.01%

High:                         75.22

Low:                          70.51


Today last price 72.5556
Today Daily Change -1.7608
Today Daily Change % -2.37
Today daily open 74.3164
Daily SMA20 82.9349
Daily SMA50 69.3963
Daily SMA100 54.109
Daily SMA200 47.335
Previous Daily High 79.9394
Previous Daily Low 74.0157
Previous Weekly High 84.905
Previous Weekly Low 75.1323
Previous Monthly High 63.0977
Previous Monthly Low 45.1089
Daily Fibonacci 38.2% 76.2786
Daily Fibonacci 61.8% 77.6765
Daily Pivot Point S1 72.2416
Daily Pivot Point S2 70.1668
Daily Pivot Point S3 66.3179
Daily Pivot Point R1 78.1653
Daily Pivot Point R2 82.0142
Daily Pivot Point R3 84.089


LTC/USD 60-minute chart

  • Price action moving within a bearish near-term pennant pattern formation, subject to a breakout south.

LTC/USD daily chart

  • A descending channel can be eyed via the daily, which could even be perceived as somewhat of a bullish flag pattern.



source : fxstreet


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Rock Star Litecoin: Charlie Lee Rails Against S**t Coins and Scam Coins



By CCN: It’s not easy being Charlie Lee. It’s no secret the Litecoin creator has had to deal with a crypto community that hasn’t gotten over his LTC portfolio sale. But he’s also fending off other blockchain projects, many of which have no place in the ecosystem to begin with. Lee took out his frustrations on Twitter, bemoaning the struggle to keep Litecoin in the limelight.

“Watch Litecoin surviving the test of time. It’s not easy fighting off all the s**tcoins and scamcoins to stay in the top 10.”

Litecoin is currently ranked as the fifth-biggest cryptocurrency on CoinMarketCap, though it continues to jockey for position among its peers.

In the DataLight visualization, Litecoin holds its own against other cryptocurrencies over the past six years. Lee’s project was the second-biggest cryptocurrency in 2013, followed by Peercoin and Namecoin. If you haven’t heard of the latter two coins, it’s probably because they’re both ranked somewhere between the top 200-300 coins today. Eventually, XRP muscled its way in until Ethereum showed up and told them who was boss. Meanwhile, Litecoin, which Lee created as digital silver to bitcoin’s gold, has managed to maintain a spot in the top 10 cryptocurrencies since 2013.


Incidentally, some people have a similarly scathing opinion about Litecoin, which was created using a variation of Bitcoin’s code. Derivatives trader Tone Vays doesn’t have time for any other coins, based on a recent tweet in which he eviscerates any project that is not bitcoin. He calls out Litecoin in addition to privacy coin Monero as “waste of time useless projects.”

Upon further reflection, he clarified his position, saying:

“I agree, they are not ‘all scammers’ most of them are just Stupid and are not very good developers, or they would have actual jobs and/or be useful to society. I report my uncle who has been a truck driver for 40 years more than any Ethereum developer. He helps society.”

The bone Tone Vays has to pick with Lee surrounds a Swiss-based project called TokenPay, which partnered with Litecoin for a stake in Munich-based WEG bank. Vays suggests that Lee’s influence has influenced others in the crypto community for TokenPay like sheep being led to the slaughter.

Charlie Lee may be a leader, but crypto investors have minds of their own. If you have any doubt, consider how they responded to Coinbase’s controversial Hacking Team acquisition. There’s a reason why Litecoin has not wavered from its status as one of the top 10 cryptocurrencies.

Charlie Lee may have to swat a few flies, but at the end of the day, he’s leading one of the top-performing cryptocurrencies whose price has more than doubled year-to-date. The scam coins and s**t coins should be abated as the industry matures. For now, Charlie might want to keep that fly swatter handy


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Charlie Lee: Litecoin is already a success



Speaking on a recent episode of the Unchained podcast, Creator of Litecoin, Charlie Lee, outlined why Litecoin is already successful, as well as why he stands by his decision to sell his entire stake in Litecoin.

While some may believe that most cryptocurrencies including Litecoin (LTC) have a fair way to go before they can be classified as an outright “success” Charlie Lee feels differently, believing that LTC has in fact ‘made it.’

Speaking to Laura Shin on the Unchained Podcast, Lee relays his belief that LTC has, in his mind, already surpassed its on of its ultimate goals: becoming a medium of exchange, stating, in a rather self-deprecating way that he didn’t really expect it to go anywhere, even going as far as to say that he neglected it for a few years.

However, Lee says that while in many respects this means LTC is successful, he continues to suggest what true success would mean:

“The general idea is just to have more and more places that you can spend Bitcoin and Litecoin. For it to be truly successful you have to be able to spend it anywhere.”

Lee was an early investor of Bitcoin, buying at $30, and having to go through the relative pain of watching it fall all the way to $2. However, with a great deal of resolve, Lee held on, simply stating that “the fundamentals didn’t change,” and therefore a turnaround was inevitable.

Lee also spoke about his early attraction to mining, starting out with just four GPU cards mining. Lee also attempted to launch a rival to Bitcoin, which ultimately failed, subsequently leading to the creation Litecoin, as a supplement to Bitcoin, rather than a competitor:

“One of the things I saw It being was silver to Bitcoin’s gold. I’d seen throughout history people using more than one currency, in the case of gold and silver. I saw Litecoin being a cheaper version of Bitcoin where fees would be less and people could potentially use it for more things.”

Lee also addressed the divisive act of selling his stake in LTC, first by discussing how he sold it, relaying that he dumped it all on Coinbase Pro, adding that it wasn’t enough to crash the market, let alone the exchange.

Chart provided by Tradingview

He also addressed his detractors, who believe Litecoin is worthless due to Lee’s lack of stake, which, in their minds, leave him incentivized to make LTC a success.

His response, was as simple as it was biting:

“If you’re not holding onto Litecoin because I don’t have any, then your reason for holding and using Litecoin is just silly to begin with.”


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