Litecoin [LTC] Price Prediction: Will the Third Attempt Be Successful at Breaking Through Resistance?

2019-2-2 20:09

Long-Term Outlook Litecoin Weekly Logarithmic Chart

A look at the Weekly chart for Litecoin in logarithmic form shows that price has fallen all the way to the support area formed by the highs of 2014 at $25-$30.

Price is currently trading at $33.4.

Price is below the 7,21,50,200 period moving averages and the Ichimoku cloud.

Furthermore, the 7-period MA has made three bearish crosses, with the 21,50 and 200-period MAs respectively.

The RSI is at 39, indicating neither oversold nor overbought conditions.

The MACD has developed significant bullish divergence and is moving upward with strength.

Medium-Term Outlook Litecoin 3-Day Chart

A look at the 3-day chart shows that price is standing above the 7-period MA having found support on it.

Price is below the 21,50, 200 period MAs and the ichimoku cloud.

Furthermore, the price has developed significant bullish divergence with the MACD which is going upward with strength and is almost positive.

Litecoin Daily Chart

A look at the daily chart shows that price is above the 7-21 period MAs and within the Ichimoku Cloud, which is positive for the first time in months.

Furthermore, the MACD has made a bullish cross and is going up with significant strength, almost turning positive. The closest support area is at $29.

Short-Term Outlook Litecoin 6-Hour Chart

A look at the 6-hour chart shows that price is right at the $33-$34 area of resistance which coincides with the 0.382 fib area, but until now has been unsuccessful in breaking through it.

Price Prediction:

I believe that during this week price will finally break through the $33-$34 area of resistance, and move to the $40 resistance area formed by the highs of early January

Conclusions: The price fell to the long-term support area at $25-$30. The medium-term indicators are bullish. Price is currently at the $33-$34 area of minor resistance.

Litecoin [LTC] Price Prediction: Will the Third Attempt Be Successful at Breaking Through Resistance? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 82 (-0.10%)
Объем 24H $349.03m
Изменеия 24h: 1.78 %, 7d: 1.46 %
Cегодня L: $81.72 - H: $82.78
Капитализация $6.112b Rank 19
Цена в час новости $ 34.52 (137.54%)

price litecoin breaking successful through resistance ltc

price litecoin → Результатов: 126


Фото:

Litecoin price rising despite the market-wide dip: here’s why

Litecoin price (LTC/USD) has been on a bullish trend since March 11 despite slight pullbacks along the way. But it is its price surge over the past two days that has caught the attention of crypto traders and investors seeing that it comes as the rest of the crypto market takes a break from its […] The post Litecoin price rising despite the market-wide dip: here’s why appeared first on Invezz.

2023-3-23 12:45


Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2023-1-10 04:30


Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2022-8-21 17:31


Фото:

Is Litecoin (LTC) a buy or sell in September?

Litecoin bulls are focused on breaking short term resistance at $50 If the price jumps above $50 it would probably reach $55 in the short time period The price of Litecoin is correlated with the price of Bitcoin Bitcoin is currently trading at $10,250 after defending the $10,000 level again We can say that the cryptocurrency market has stabilized, there is no big price movement in the last several wees and according to technical analysis, the neutral trend is still intact.

2020-9-10 01:25