Litecoin Price Analysis LTC / USD: Bounce Back

2019-7-18 18:24

Litecoin has a bearish short-term bias, with the LTC / USD pair still undergoing a major downside breakout The four-hour time frame shows that bulls are testing back towards the neckline of a bearish head and shoulders pattern The daily time frame highlights a strong technical bounce from the LTC / USD pair’s 200-day moving average Litecoin / USD Short-term price analysis

Litecoin has a bearish short-term bias, with the LTC / USD pair still in a bearish breakout mode over the lower time frames.

The four-hour time frame is showing that LTC / USD pair is now testing back towards the neckline of the bearish head and shoulders pattern, following a sharp reversal from just below the $80.00 level.

Key technical resistance above the neckline of the bearish pattern is located at the $107.00 and $120.00 levels.

Technical indicators on the four-hour time frame are attempting to correct from extreme oversold conditions.

 

LTC / USD H4 Chart by TradingView

 

Pattern Watch

Traders should note that the bearish head and shoulders pattern has yet to reach its overall downside target of $60.00.

Relative Strength Index

The Relative Strength Index on the four-hour time frame has turned bullish and is starting to issue a buy signal.

MACD Indicator

The MACD indicator is bullish on the four-hour time frame and continues to generate a buy signal.

Litecoin / USD Medium-term price analysis

Litecoin has a bullish medium-term trading bias, with the cryptocurrency holding price above its trend defining 200-period moving average.

The daily time frame shows that a strong technical reversal from critical support has occurred, with the LTC / USD recovering back towards the initial bearish breakout zone.

Key technical support for the LTC / USD pair is currently found at the $74.00 and $60.00 levels.

Technical indicators on the daily time frame are attempting to move away from extreme oversold conditions.

 

LTC / USD Daily Chart by TradingView

                                                                                

Pattern Watch

Traders should note that the bearish head and shoulders pattern remains technically valid on the daily time frame.

Relative Strength Index

The Relative Strength Index on the daily time frame is bearish and is also attempting to move away from extreme oversold territory.

MACD Indicator

The MACD indicator is bearish on the daily time frame, although it is attempting to correct from oversold conditions.

Conclusion

Litecoin has staged a solid upside recovery, following the much-awaited bearish attack towards the LTC / USD pair’s key 200-day moving average.

The $100.00 to $80.00 price range is critical over the coming sessions and will ultimately decide whether the cryptocurrency continues to recover or falls back towards the $60.00 level.

 

Check out our coin guide for an introduction to Litecoin.

We also wrote a DARE for the project, analyzing the future prospects of the Bitcoin competitor.

 

Litecoin ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=LTC&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24552 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24552 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24552 a.tabperiods.tabperiods_active, #ccpw-ticker-24552 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24552 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24552 .coin-container:after, .ccpw-container_four #ccpw-ticker-24552 .coin-container:after {border-color:#ccc !Important;}

 

The post Litecoin Price Analysis LTC / USD: Bounce Back appeared first on Crypto Briefing.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Цена в час новости $ 0.5393 (-60.08%)

usd ltc litecoin bounce back price pair

usd ltc → Результатов: 126


Движение началось! Технический анализ курса Биткойна BTC/USD 21.09.2018

Добрый вечер, дорогие друзья! Как я и предполагал, биткойн пробил сопротивление подканала, в котором цена пребывала начиная с 5 Сентября. Отработали 50% фибо, максимум за сегодня $6 784. Вместе с битком вверх пошла и альта, по некоторым монетам, например, XRP, рост достиг X3.

2018-9-21 19:28


Криптовалютная биржа Bittrex добавит торговые пары Litecoin и TRON с долларом США

В официальном твиттер-аккаунте Bittrex говорится, что сегодня криптобиржа планирует добавить еще две криптовалюты в пару с долларом США. Теперь торговать на паре с USD можно с помощью TRON (TRX) и Litecoin (LTC).

2018-9-17 11:08


Фото:

Bittrex запускает торги TRON и Litecoin в парах с USD

Американская криптовалютная биржа Bittrex добавит возможность торговли TRON и Litecoin в парах с фиатным долларом США. Новые торговые пары TRX/USD и LTC/USD станут доступны квалифицированным инвесторам, начиная с 17 сентября.

2018-9-13 12:33


Биткоин-биржа Bittrex добавит возможность торговли TRON и Litecoin с фиатным долларом

Криптовалютная биржа Bittrex добавит долларовые рынки (USD) для торговли криптовалютами TRON и Litecoin. We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC).

2018-9-13 11:17


Bittrex Exchange Announces Support For Litecoin (LTC), TRON (TRX) USD Trading Pairs

Bittrex, one of the more reputable exchanges in the industry, will be opening support for Litecoin (LTC) and TRON (TRX) to USD trading pairs as of September 12th. Becoming More Accessible Announced via a tweet, the platform revealed that the two pairs will be available to everyone on September 17th: We’re rolling out more USD… The post Bittrex Exchange Announces Support For Litecoin (LTC), TRON (TRX) USD Trading Pairs appeared first on UNHASHED.

2018-9-13 08:03


Фото:

Криптобанк Wirex добавил поддержку Ethereum

Британский криптобанк Wirex объявил о начале поддержки Ethereum вслед за тем как месяц назад добавил на платформу токены Ripple. Таким образом, пользователям сервиса в Европейской экономической зоне (EEA) стали доступны операции мгновенного обмена на фиатные валюты (USD, EUR, GBP) или конвертации в 50 других криптовалют с минимальными комиссиями для BTC, LTC, XRP и ETH.

2018-9-5 21:44


Фото:

Crypto Facilities представила бессрочные фьючерсы на криптовалюты

Криптовалютная торговая платформа из Великобритании Crypto Facilities запустила торги бессрочными фьючерсными контрактами на криптовалюты bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) и Bitcoin Cash (BCH) в паре с американским долларом, а также XRP/BTC.

2018-9-3 14:29