Litecoin Price Analysis – LTC Getting Sold

2019-3-21 17:53

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The LTC is declining Thursday, trading at $59.60. After making new local lows, the crypto has been going down for the third day in a row.

On H4, the Litecoin is inside an ascending channel that looks quite stable. The MACD, however, is forming a black cross after divergence, which means the price may soon start going down. The LTC is already testing the local support, and in case it’s broken out, the next target will be at $52.65, and then the projection support at $40.70.

The same situation may be confirmed with H1, where the LTC already started declining after the Stochastic had formed a black cross. In the short term, the local support will get tested and probably broken out.

The financial sector is still unable to determine whether cryptos are good or bad. Citigroup opted for not issuing its own crypto; they believe that the existing techs are better than those based on blockchain. Citi had been studying this since 2015, but finally decided to stick to traditional technologies. Indeed, SWIFT is well enough to support all the necessary functions, while the systems being tested proved to be quite mediocre.

Conversely, VISA may well start developing the crypto techs. The company is looking for people knowledgeable in cryptography, digital money, and blockchain.

As for the LTC, there are news on Huobi including the Litecoin into their Huobi OTC platform. The crypto is available there starting today, and one may buy it with no commission. Huobi is number 19 in the exchange rating according to the trading volume, so this is quite good for the Litecoin.

Disclaimer

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Image(s): Shutterstock.com

The post Litecoin Price Analysis – LTC Getting Sold appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 82.11 (-0.84%)
Объем 24H $322.121m
Изменеия 24h: -1.16 %, 7d: -4.93 %
Cегодня L: $82.04 - H: $83.92
Капитализация $6.124b Rank 20
Цена в час новости $ 59.3 (38.47%)

litecoin ltc getting analysis price sold quite

litecoin ltc → Результатов: 126


Litecoin Bears Still in Control as Prices Remain in the Dark – How LTC Traders Can Navigate the Downtrend

Litecoin (LTC) has been on a downward trend over the past week, with prices dropping around 4% over the last 7 days. LTC is currently trading around $62, down from highs of $65 last week. According to leading crypto analytics firm altFINS, the technical outlook remains bearish for Litecoin in the short to medium term.

2023-10-11 17:30


Фото:

Litecoin price: Here’s why LTC has spiked 34% this week

Litecoin (LTC/USD) has traded higher in the past one month, and added to the momentum with a double-digit gain on Wednesday to breach the $80 price level for the first time since May. As the cryptocurrency market looked to bounce alongside stocks amid fresh buying amid a November rally, Litecoin rose more than 11% to […] The post Litecoin price: Here’s why LTC has spiked 34% this week appeared first on Invezz.

2022-11-24 20:52