Litecoin price action is forming one of the most sought-after bearish chart patterns in technical analysis. Lower lows continue to be the norm for LTC. One final support zone for Litecoin price is present at $103, but participation and buying are weak. Litecoin price has some of the most persistent and bearish activity out of all the major cryptocurrencies. From the all-time high of $414 on May 10, 2021, to the current major swing low of $92 found on February 24,… Source link

Litecoin receives a strong long-term technical score of 83 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical analysis… Source link

What happened The two largest cryptocurrencies by market capitalization, Bitcoin ( BTC -8.13% ) and Ethereum ( ETH -7.55% ), have seen some significant selling pressure today. These two tokens are trading slightly above their daily lows but are down 3.8% and 4.6%, respectively, over the past 24 hours at 12:40 p.m. ET.  Bitcoin’s downside move appears to be related to higher trading volumes, as the active supply of Bitcoin surged to around 565,000 tokens. This increase… Source link

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Litecoin’s (CRYPTO: LTC) price has decreased 4.6% over the past 24 hours to $104.79, continuing its downward trend over the past week of -1.0%, moving from $105.82 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin has had a similar number of active users each day over the past three months. And, this number has stayed in the 300k to 400k area. Transaction volume on a daily basis has also varied from $1 to $7 billion over the past three months. While these facts show that the network remains relatively robust and popularly used, this was simply not reflected… Source link

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Text size War appears to be boosting Bitcoin and other cryptocurrencies. Dreamstime War in Europe appears to… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Friday. The Digital Money asset is up 0.27% to $176.88 while the broader crypto market is down 3.54%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

“The momentum of pressure on the crypto market was due to the decline in stock indices, as the Fed gave signals of tightening policy,” Kuptsikevich said. “Technical factors also contributed to the negative dynamics – the inability to overcome the strong resistance of the 100-day moving average and mid-February highs around $45,000.” Source link