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Litecoin price analysis: LTC/USD ignites momentum towards $100

  • Litecoin bulls intensify their grip in the market; all eyes set on $80 short-term resistance and $100 ultimate resistance.
  • Technically, the short-term analysis signals a bearish momentum.

If Litecoin continues with the current price action within the ascending channel, achieving $100 in the following week is almost a guarantee. At press time, LTC/USD is trading above the moving averages. Which suggests that buying influence is gaining traction. Moreover, the 50 Simple Moving Average (SMA) 1-hour has crossed above the 100 SMA 1-hour to show buyers have the upper hand.

Technically, the short-term analysis signals a bearish momentum. The Moving Average Convergence Divergence (MACD) is heading is still holding ground in the positive area. However, the negative divergence points towards increasing selling activity.

On the upside, the 21 Exponential Moving Average (EMA) is standing in the way of upward correction at $74.63. If the buyers manage to clear the resistance, there is a higher chance that LTC will trend towards $80 in this weekend session.

The immediate support is seen at $74 (moving average double-cross). In the event, a reversal occurs and the channel support is broken, bulls can anticipate support at $73, and $70 respectively.

LTC/USD 1-hour chart

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Litecoin (LTC/USD) forecast and analysis on February 26, 2020

Cryptocurrency Litecoin (LTC/USD) is trading at 75.10. 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 middle border of the Bollinger Bands indicator strip.

Litecoin (LTC/USD) forecast and analysis on February 26, 2020

As part of the Litecoin course forecast, a test of the level of 73.10 is expected. Where should 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 81.60. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 72.10.

Litecoin (LTC/USD) forecast and analysis on February 26, 2020

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing quotations of the pair below the area of ​​68.80. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, it is worth waiting for the acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on February 26, 2020 implies a test level of 73.10. Further, growth is expected to continue to the area above the level of 81.60. The conservative buying area is located is near the area of ​​72.10. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 68.80. In this case, we should expect continued fall.

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Litecoin News Today – Litecoin LTC Price Lost 8% in the last 24-hours, February 25, 2020

  • The price of Litecoin plummets by 8%
  • Litecoin LTC price remains bullish against the USD
  • Short-term upward movement for Litecoin LTC

Litecoin news today – The overall digital currency market has reportedly seen a sharp selloff at the opening on trade today. This selloff is primarily down to Bitcoin’s most recent rejection at the $10,000 area. This action sent the price of the number one asst reeling back to $9,500. Which in turn led the majority of altcoins including the price of Litecoin down. Altcoin’s saw some notable downside in the last 24-hours. Today’s digital currency market-wide bloodbath, might not be enough to give any validation to Litecoin’s bullish market movement. This is because the crypto is still trading well above its important near-term support position. This strong support has led one analyst to note that LTC’s mid-term outlook is “insanely” bullish, suggesting it could soon incur some notable upwards momentum.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
Litecoin$71.35-2.38%

Litecoin LTC Price Plummets by 8%

Litecoin News Today – As of when this content has published the price of LTC was trading downwards having lost 8% in the last 24-hours with a current price of $72.50. This move marks a significant drop for the coin from its daily high point of $80 that was set yesterday at the time that the price of Bitcoin began to rally to the $10,000 area. Something that failed to happen as the coin stayed at $9500. The firm rejection that Bitcoin price saw at $10,000, has now sparked a short-term market selloff which has sent shock waves, with multiple major digital coins plummeting well over 5%. Against Bitcoin (LTC/BTC) trading pair, the price of Litecoin has plummeted by 5% in the last 24-hours. According to a digital currency trader known as Bitcoin Jack, LTC’s current price trend in correlation to BTC comes from several bearish factors. These factors have been expressed by the coin in the last few days.

Litecoin LTC Remains Bullish Against the USD Regardless

LTC news today – Note that despite the overt bearish pressure indicated in Litecoin’s short-term market structure, the bulk of crypto analysts are of the view that the price of LTC could see some form of mid-term upward action against the USD. George, one well-respected crypto trader, explained that he purchased LTC recently and that the coin’s weekly close still looks insanely bullish. He also added that the coin’s price will remain on the bullish side as long as it can hold above the key support area at roughly $65. If the coin continues to move higher in the week ahead. Even though Litecoin’s overall market trend may appear dependent on the action of Bitcoin and what the aggregated market becomes, it will appear that LTC is set to see further short-term upward movement in the coming days.

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Litecoin (LTC/USD) forecast and analysis on February 25, 2020

Cryptocurrency Litecoin (LTC/USD) is trading at 76.72. 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 stripes.

Litecoin (LTC/USD) forecast and analysis on February 25, 2020

As part of the Litecoin course forecast, a test of the level of 75.10 is expected. Where should 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 84.10. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 70.00.

Litecoin (LTC/USD) forecast and analysis on February 25, 2020

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower boundary of the Bollinger Bands indicator strip. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of ​​68.20. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on February 25, 2020 implies a test level of 75.10. Further, growth is expected to continue to the area above the level of 84.10. The conservative buying area is located is near the area of ​​70.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 68.20. In this case, we should expect continued fall.

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