Litecoin

Litecoin retreated from the recent high amid healthy correction. The price may extend the decline if $100 is broken. Litecoin (LTC) topped at $124.7 on December 19 ad started the correction. At the time of writing, the token is changing hands at $102, down about 20% from the recent high. The global see-off on the cryptocurrency market increased the bearish pressure on LTC; however, it looks pretty healthy relative to other major digital assets. Currently, Litecoin… Source link

Litecoin price started a steady decline from the $125 resistance zone against the US Dollar. LTC price even declined below the $100.00 level and spiked below the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $108.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to find a strong buying interest near the $92.40 and $90.00 levels. Litecoin price is slowly moving lower from well above $110.00 against the… Source link

Business Cryptocurrency XRP tumbled 18per cent to a one-month low on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a US$1.3 billion unregistered securities offering. … Source link

Ethereum rose by 4.73% on Tuesday. Partially reversing a 4.72% slide from Monday, Ethereum ended the day at $636.82. A mixed start to the day saw Ethereum fell to a late morning intraday low $587.54 before making a move. Finding support at the first major support level at $587.20, Ethereum rallied to a late intraday high $638.50. Coming within range of the first major resistance level at $638.65, Ethereum eased back to end the day at $636 levels. At the time of writing, Ethereum was down by… Source link

Several indicators show Litecoin price might need to pull back further.  The digital asset remains trading inside a robust uptrend on the daily chart. Litecoin price is up by almost 60% in the past week hitting a new 2020-high at $124. The digital asset has experienced a healthy correction down to $98 but might need to drop even further as several indicators have turned bearish. Litecoin price flashes a significant sell signal on various time frames On the daily… Source link

Bitcoin regains ground above $23,000, inspires the bulls The cryptocurrency market has started the recovery from the short-lived decline, with most of the coins turning green again on a day-to-day basis. While the low base effect is definitely something to consider, the overall sentiments are improving slowly across the board. UMA is still the hottest altcoin out of top-50 with nearly 40% growth. It is followed by THETA with 18% gains. XRP is an outsider. The coin… Source link

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The crypto market has been noting gradual drops after a period of consolidation. This was particularly visible in the altcoin market and such was the case for Litecoin’s price action. The coin’s price has been consolidating in the short-term, and another sell-off can be expected in the market. The current trading value of the digital asset was $106 with a … Source link

Litecoin is poised to retest $90 amid the technical correction. On the upside, the local barrier is seen on approach to $110. Litecoin retreated from the recent high of hitting $124 on Saturday, December 19, to trade at $100 by the time of writing. The fifth-largest asset lost over $100 million of value in less than 24 hours amid a significant sell-off on the cryptocurrency market; the con has lost over 14% on a day-to-day basis, though it is still 22% high on a… Source link

Bitcoin Bitcoin, BTC to USD, rallied by 22.14% in the week ending 20th December. Reversing a 1.18% fall from the previous week with interest, Bitcoin ended the week at $23,427.0. It was a mixed start to the week. Bitcoin fell to a Monday intraweek low $19,008.3 before making a move. Steering clear of the first major support level at $18,053, Bitcoin surged to a Sunday intraweek high and a new swing hi $24,244.0. Bitcoin broke through the week’s major resistance levels on the way to a new… Source link

Litecoin poised to retest $1,000 if the bullish scenario materializes. The short correction may take the price to $100 before the growth is resumed. Litecoin hit $124 on Saturday, December 19. The last time LTC was seen that high in July 2019. During the previous week, a robust bullish momentum pushed the coin to fifth place in the global cryptocurrency market rating. Now it has a capitalization of $7.6 billion, while its average daily trading volume is registered at $8.6 billion.  At… Source link