Litecoin

Litecoin price is down nine consecutive days and -24% in July, while reaching a new correction low today.  Daily Relative Strength Index (RSI) is now the most oversold since March 2020, indicating a bounce could soon materialize. IntoTheBlock IOMAP metric presents no support for LTC down to $92.48.  Litecoin price has corrected 75% from the May high to today’s low of $104.02. Still, the current falling wedge pattern combined with oversold technical indicators, such… Source link

Litecoin (LTC) has been decreasing since May and has fallen below a long-term horizontal support level. There are no clear bullish signs present. However, LTC is potentially trading inside a descending wedge and could create a double bottom formation. Litecoin breaks down below long-term support Litecoin has been moving downwards since May 10, after it reached an all-time high price of $417. The downward movement continued until a low of $116 was reached on May 23.  While… Source link

Ethereum Ethereum fell by 3.86% on Monday. Following a 0.44% loss on Sunday, Ethereum ended the day at $1,818.44. A mixed start to the day saw Ethereum rise to a mid-morning intraday high $1,918.65 before hitting reverse. Falling short of the first major resistance level at $1,964, Ethereum slid to an early afternoon intraday low $1,805.47. Ethereum fell through the first major support level at $1,849 to end the day at sub-$1,820 levels. The second major support level at $1,805 limited the… Source link

Litecoin Falls 10% In Rout Investing.com – was trading at $105.941 by 23:34 (03:34 GMT) on the Investing.com Index on Tuesday, down 10.24% on the day. It was the largest one-day percentage loss since June 21. The move downwards pushed Litecoin’s market cap down to $7.127B, or 0.60% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $105.941 to $115.025 in the previous twenty-four hours. Over the past seven days,… Source link

Ethereum Ethereum fell by 0.44% on Sunday. Partially reversing a 1.20% gain from Saturday, Ethereum ended the week down by 11.67% to $1,891.46. A mixed start to the day saw Ethereum rally to an early morning intraday high $1,994.40 before hitting reverse. Ethereum broke through the first major resistance level at $1,929 and the second major resistance level at $1,959. Falling short of $2,000 levels, however, Ethereum slid to a late afternoon intraday low $1,878.67. Steering clear of the first… Source link

Ethereum Ethereum fell by 2.18% on Friday. Following a 3.81% slide on Thursday, Ethereum ended the day at $1,877.22. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,965.35 before hitting reverse. Falling short of the first major resistance level at $2,012, Ethereum slid to a late morning intraday low $1,850.15. Ethereum fell through the first major support level at $1,852 before briefly revisiting $1,940 levels. A bearish end to the day, however, saw Ethereum slide… Source link

Litecoin price downside momentum slows, forming a falling wedge pattern. LTC is currently down -8% for the week and is trading below the strategically important 50-week simple moving average (SMA). 78.6% Fibonacci retracement of the 2020-2021 advance is recognizable support if selling persists. Litecoin price has failed to hold the support granted by the 50-week SMA, creating another touch on the upper resistance line of the falling wedge. The failure to stick at the… Source link

Ethereum Ethereum slid by 3.81% on Thursday. Reversing a 2.77% gain from Wednesday, Ethereum ended the day at $1,918.07. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,039.99 before hitting reverse. Falling short of the first major resistance level at $2,054, Ethereum slid to a late afternoon intraday low $1,880.00. Ethereum fell through the first major support level at $1,900 before a partial recovery to end the day at $1,918 levels. At the time of writing,… Source link

Litecoin price is showing a bullish reaction as it tags the $124.62 support level. A further build-up of buying pressure is likely to propel LTC by 20% to $149.22. If the bears lead to a breakdown of the support floor at $118, the bullish thesis will face invalidation. Litecoin price is currently indicating a reversal in price after a two-week consolidation phase. LTC is likely to retest the upper limit of this range in an attempt to shatter it. Litecoin price… Source link

Ethereum Ethereum rose by 2.77% on Wednesday. Partially reversing a 4.43% fall from Tuesday, Ethereum ended the day at $1,994.11. A bearish start to the day saw Ethereum fall to a late morning intraday low $1,865.50 before making a move. Ethereum fell through the first major support level at $1,890 before rallying to an early afternoon intraday high $2,019.90. Coming up against the first major resistance level at $2,020, however, Ethereum slipped back to end the day at sub-$2,000 levels. At the… Source link