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Litecoin

Litecoin Forecast and Analysis December 2 — 6, 2019

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Litecoin LTC/USD closes the trading week at 46.79 and continues to move as part of the decline and the bearish channel. Moving averages indicate a bearish trend, which remains quite strong, prices again pushed from the area between the signal lines. This indicates pressure from sellers. At the moment, we should expect an attempt to fall and test the support area near the level of 37.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 80.05.

Litecoin Forecast and Analysis December 2 — 6, 2019

An additional signal in favor of an increase in LTC/USD quotes in the current trading week December 2 — 6, 2019 will be an uptrend test on the relative strength index (RSI). The second

signal will be a rebound from the lower boundary of the «Wedge» model. Cancellation of the Litecoin growth option will be a fall and a breakdown of the 30.05 area. This will indicate a breakdown of the support area and a continuation of the fall in the LTC/USD rate and a fall below the level of 20.05. Confirmation of the growth of cryptocurrency will be a breakdown of the upper border of the downward channel and closing quotes above the level of 63.45.

Litecoin Forecast and Analysis December 2 — 6, 2019

Litecoin Forecast and Analysis December 2 — 6, 2019 implies an attempt to test the support area near the level of 37.55. Then, continued growth to the area above the level of 80.05. An additional signal in favor of Litecoin growth will be an uptrend test on the relative strength index (RSI). Cancellation of the rise option will be a fall and a breakdown of the area of ​​30.05. This will indicate a continued fall in cryptocurrency with a target below the level of 20.05.

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Litecoin

Litecoin Intraday Price Analysis: Bullish move runs out of steam at technical resistance

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  • Litecoin trades 1.43% higher as crypto sentiment improves today.
  • The price hit a resistance zone at the top of the rising wedge formation.

LTC/USD 10-Min Chart

Litecoin has been moving higher today and broke out of the 44.08 resistance zone.

Now the level has been broken the price has consolidated between 44.52 and 44.13.

A break higher would certainly be good for the bull but the 44.91 resistance lies in wait.

On the downside, the old 44.52 resistance level could become support the but major low is still at 42.84.

Like many of the other major crypto’s be wary as the market is still in a long term downtrend.

LTC/USD

Additional Levels

LTC/USD

OVERVIEW
Today last price44.3394
Today Daily Change0.6495
Today Daily Change %1.49
Today daily open43.6899
TRENDS
Daily SMA2045.8154
Daily SMA5053.1714
Daily SMA10057.8244
Daily SMA20080.5963
LEVELS
Previous Daily High44.0801
Previous Daily Low42.8434
Previous Weekly High48.5063
Previous Weekly Low43.8063
Previous Monthly High66.2492
Previous Monthly Low42.351
Daily Fibonacci 38.2%43.6077
Daily Fibonacci 61.8%43.3158
Daily Pivot Point S142.9955
Daily Pivot Point S242.301
Daily Pivot Point S341.7587
Daily Pivot
Point R1
44.2322
Daily Pivot Point R244.7745
Daily Pivot Point R345.469

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Source: fxstreet

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Litecoin

Litecoin Technical Analysis: LTC/USD closer than ever to a falling wedge breakout

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  • Litecoin is still experiencing the impact of the death cross even as the hunt for a bottom continues.
  • The RSI recovery towards 50 shows that the bulls are ready to regain control and stir some action upwards.

Spot rate: $43.76

Relative change: 0.0755

Percentage change: 0.17%

Trend: Bullish

Volatility: Low

LTC/USD daily chart

Litecoin is grinding closer to a falling wedge pattern breakout most likely to reclaim lost ground heading to $100.

The declines are, however, slowing down as shown by the moving average gap, which has started to narrow.

LTC/USD 4-hour chart

Litecoin price attempts a breakout above the trendline resistance but the immediate upside is capped by the 50 SMA.

Litecoin bulls must reclaim the support at $45 to avoid declines into the $30’ range.

LTC/USD

OVERVIEW
Today last price43.7229
Today Daily Change0.0330
Today Daily Change %0.08
Today daily open43.6899
TRENDS
Daily SMA2045.8154
Daily SMA5053.1714
Daily SMA10057.8244
Daily SMA20080.5963
LEVELS
Previous Daily High44.0801
Previous Daily Low42.8434
Previous Weekly High48.5063
Previous Weekly Low43.8063
Previous Monthly High66.2492
Previous Monthly Low42.351
Daily Fibonacci 38.2%43.6077
Daily Fibonacci 61.8%43.3158
Daily Pivot Point S142.9955
Daily Pivot Point S242.301
Daily Pivot Point S341.7587
Daily Pivot Point R144.2322
Daily Pivot Point R244.7745
Daily Pivot Point R345.469

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Source: fxstreet

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Litecoin

Litecoin (LTC/USD) forecast and analysis on December 13, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 43.27. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator stripes.

Litecoin (LTC/USD) forecast and analysis on December 13, 2019

As part of the Litecoin course forecast, a test of level 44.20 is expected. Where should we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 39.20. The conservative sales area for Litecoin is located near the upper border of the Bollinger Bands indicator strip at 45.80.

Litecoin (LTC/USD) forecast and analysis on December 13, 2019

Cancellation of

the option to continue the decline in the rate of Litecoin will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair above the area of ​​46.20. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on December 13, 2019 implies a test level of 44.20. Further, it is expected to continue falling to the area below the level of 39.20. The conservative area for selling Litecoin is located area of 45.80. Canceling the option of falling cryptocurrency will be a breakdown of the level of 46.20. In this case, we can expect continuation growth.

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