Litecoin

A strong bullish response at an important support zone lifted Litecoin above its 38.2% Fibonacci level, for the first time since the 19 May crypto crash. Before setting its sights on the 50% and 61.8% Fibonacci levels, a market correction was expected due to RSI’s overbought nature. A few areas that could trigger a selling response can be found on the 4-hour timeframe. At the time of writing, LTC traded at $219.8, up by 15% over the last 24 hours. LTC 4-hour Chart Source: LTC/USD,… Source link

Exchange Rates UK TV: Litecoin’s move may not be that bullish. .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } [embedded content] If you can’t view the video, please watch on Youtube. Subscribe and watch forex and cryptocurrency technical analysis / forecast videos on our new channel: Exchange… Source link

Ethereum Ethereum rose by 4.01% on Friday. Reversing a 1.08% fall from Thursday, Ethereum ended the day at $3,940.06. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,710.59 before making a move. Ethereum fell through the first major support level at $3,728 before rallying to an early afternoon intraday high $4,030.35. Ethereum broke through the day’s major resistance levels before a late pullback to sub-$4,000. The pullback saw Ethereum fall back through the third… Source link

Most altcoins have recovered well over the past few weeks on the back of Bitcoin’s push above $50k. Litecoin, the cryptocurrency ranked 16th by market cap, also appreciated on the charts, noting gains of 38% gains in August alone.  While there has been a strong historical correlation between Litecoin’s price trajectory and the king coin’s movement, this Litecoin rally seems to have different potential. Exciting price action  On the daily chart, Litecoin faced a major resistance at… Source link

Cryptocurrencies are once more taking the limelight of traditional currencies. Despite the US NFP report traditionally being hailed as a prime event for currency markets, it is hard for most to understand today’s price action in the EURUSD. Today’s trading in Litecoin is however as straight forward as it can be.  With the behemoths, Bitcoin, and Ethereum recuperating large parts of their summer losses, coins such as Litecoin have been lagging, but this looks to… Source link

Litecoin Climbs 11% As Investors Gain Confidence Investing.com – was trading at $201.782 by 10:28 (14:28 GMT) on the Investing.com Index on Friday, up 11.14% on the day. It was the largest one-day percentage gain since August 9. The move upwards pushed Litecoin’s market cap up to $13.416B, or 0.59% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $180.037 to $201.967 in the previous twenty-four hours. Over the… Source link

Ethereum Ethereum fell by 1.08% on Thursday. Following an 11.64% surge on Wednesday, Ethereum ended the day at $3,787.97. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,838.28 before hitting reverse. Falling short of the first major resistance level at $3,987, however, Ethereum fell to a mid-morning intraday low $3,722.65. Steering clear of the first major support level at $3,528, Ethereum bounced back to an early afternoon high $3,834.98. Continuing to fall short… Source link

Litecoin (CRYPTO: LTC) is trading higher Thursday in a crypto market that’s a mixed bag of tickers trading up and down. Litecoin is one of the few that is trading higher. The coin looks like it is nearing a possible attempt at a breakout. Litecoin was up 3.57% at $186.83 at last check. Litecoin Daily Chart Analysis Litecoin looks to be forming what technical traders call an ascending triangle pattern. Resistance and support are pinching the price of Litecoin and there’s… Source link

Litecoin is trading or consolidating under the tight range, after a bullish rally from the lower levels and at the same time placed just below the primary supply zone.  The crypto asset is placed just above all vital moving averages of 20, 50, 100, and 200-day lines, with average volume action.  The pair of LTC/BTC is trading on a positive note at 0.003742 BTC with an intraday gain of +1.85%, and the ratio of LTC/ETH is CMP at 0.04872 ETH with a 24-hour change of +0.71%.   Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Like most of its counterparts, Litecoin noted an increase in value on the back of Bitcoin’s push above $50k. The alt, which historically shares a strong correlation with the king coin, lined up seven straight green candles on the 4-hour timeframe. This was last seen in late May after Litecoin rallied from a near 4-month low. However, a resistance zone seemed… Source link