Connect with us

Litecoin

Litecoin (LTC/USD) forecast and analysis on May 22, 2019

Published

on

Cryptocurrency Litecoin (LTC/USD) is trading at 90.91. 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 May 22, 2019

As part of the Litecoin course forecast, a test level of 88.10 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 102.00. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 85.20.

Litecoin (LTC/USD) forecast and analysis on May 22, 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 82.50. 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 bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on May 22, 2019 implies a test level of 88.10. Further growth is expected to continue to the area above the level of 104.00. The conservative area for buying Litecoin is located area of 84.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 80.20. In this case, we should expect the continuation of the fall.

-News Source

Advertisement
Click to comment

Litecoin

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

Published

on

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.

News Source

Continue Reading

Litecoin

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

Published

on

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.

News Source

Continue Reading

Litecoin

Litecoin Creator Charlie Lee Receives Invite From Tron’s Justin Sun to Join Lunch With Warren Buffett

Published

on

Justin Sun, CEO of Tron and BitTorrent, has invited Charlie Lee, aka @SatoshiLite and the creator of Litecoin, to join him and six other guests to meet billionaire investor Buffett in the Bay Area. The upcoming lunch has stirred curiosity about how the meeting might unfold since Buffett has long disparaged the cryptocurrency industry, infamously calling Bitcoin “rat poison”.

Sun won a lunch date with Buffett after placing the winning bid at a charity event in support of GLIDE Foundation, a non-profit organization that provides services for the poor and homeless in San Francisco. Sun, whose offices are in San Francisco, says he and his team are committed to helping GLIDE address homelessness in the community.

The 20th eBay Power Lunch with Warren Buffett Auction closed at the end of last month with Sun’s record-breaking $4.56 million bid. In an interview with CNBC, Sun says he doesn’t expect to change Buffett’s mind about Bitcoin but plans to invite blockchain and crypto industry leaders to the lunch to give Buffett another perspective.

In what is shaping up to be one of the biggest mainstream crypto-crossover stories of the year, the upcoming lunch with Buffett, who is one of the most revered investors in the US, has given Sun and cryptocurrencies plenty of media exposure with coverage on Bloomberg, CBS News, Fox, CNN, TheStreet, the Washington Post, the New York Times, New York Business Journal and the Wall Street Journal, among many other publications.

Charlie Lee, the inventor of Litecoin, is an outspoken advocate for cryptocurrencies.

The former Coinbase employee also worked at Google for a decade and graduated from the Massachusetts Institute of Technology with bachelor’s and master’s degrees in computer science in 2000. Lee says that Bitcoin and cryptocurrencies will “revolutionize money” and that their real power lies in their resistance to censorship.

“Bitcoin solved the problem where you have a distributed ledger and no one has control. If you look at things like Liberty Reserve or things like that, where there’s still a central controlling party, so the government can crack down on that central party and kind of just kill the currency.

So the innovation of Bitcoin is that it’s a decentralized currency and no one has control. And I think that’s the key. They managed, or Satoshi managed, to achieve this goal where previously no one else has been able to.”

Litecoin is the fourth largest cryptocurrency with a market cap of $8.5 billion. Tron (TRX) and BitTorrent (BTT), rank 12th and 33rd among the world’s largest cryptocurrencies by market cap.

News Source

Continue Reading
Advertisement
Advertisement