Litecoin made a concerted attempt to established the $60's. We topped out at our level at $61.75 exactly, confirming the veracity of our levels in these reports. We promptly rejected this level and fell back to support at $55.84. If we cannot sustain this, then we have some strong support levels in the low $50's. Otherwise, expect Litecoin to establish value...
Litecoin could be a surprise performer for the crypto market in the days ahead. Regulation could push capital away from most other altcoins, while Litecoin gets a seal of approval that final gives it a spark. This expanding ending diagonal fits the theory extremely well.
Litecoin has slumped after holding on the high $60's for a few days. We noted the weakness and expressed trepidation for the bull rally in crypto. Subsequently, the crypto market sold off, and Litecoin smashed through $66.94 and $64.37, to find support just above $60. We anticpate this level to hold, but if it sells off further, then $55.84 should hold as a...
Litecoin has gained strength with the rest of the crypto market off of the stock market rally. We saw a rounding bottom form lows just above $60, with a nice rally taking us back to just below $70. The Kovach OBV is still a bit lackluster, so we will see if Litecoin has enough momentum to sustain this rally. It seems that crypto is really tied in tandem with...
Litecoin has broken down from our support level at $66.94, but has found immediate support below at $64.37, which we have added as a new technical level as LTC has tested it a few times during the two week malaise in crypto. The Kovach OBV has taken a dip downwards and is gradually slumping as the price action in Litecoin is broadly rounding off (illustrated by...
Litecoin is gradually trending up to the upper bound of the range at $73.62. We are holding the range between this and $66.94, as the crypto market has remained in a slump for the past ten days. We are seeing very little momentum come through and the Kovach OBV has rounded off, flattening out completely. We will need more momentum to come through into crypto in...
Litecoin has equilibrated, and maintained the range between $66.94 and $73.62. The Kovach OBV is steadily rising suggesting a bull divergence, however the rest of the crypto market seems very dumpy, and Litecoin will follow in tandem with Bitcoin in the event of another selloff. If that happens, $55.84 is likely to hold for now. If we are able to break out of...
Litecoin has gotten a lift from the crypto rally, testing $120 at the time of this writing. This is a significant step for LTC which has been in the doldrums for some time. We were seeing prohibitive resistance from $114 for what felt like an eternity (in crypto time), but were finally able to break through on the 19th. Prices stabilized around $114, and it was...
Litecoin has blasted off with the Fed decision yesterday. Cryptocurrencies and other "Risk On" assets have benefitted from the certainty of the decsion. The hike has been pried into the markets for months. Litecoin found support at $101, and tested $105, breaking it solidly, before breaking $109, which we have added as a technical level. We broke above that...
Litecoin has jumped off positive news about the Ukraine war. The news has lifted the crypto market as a whole, even though it was a minor comment that Putin made about " positive undertones " in talks with Ukraine. Litecoin has lifted from the low $100's to $105. We are currently testing this technical level which has provided fierce resistance lately. If we...
Litecoin broke trough the resistance area . Asset broke trough the descending trendline. Bullish movement to resistance level at 122 is expected to happen. If the next resistance level will be broken up the Litecoin is supposed to reach 132.
LiteCoin ( BINANCE:LTCBTC ) is at or slightly below its all-time-low, sitting at a historical support line at 3000 Satoshi. The great thing about this is we're seeing a consistent RSI divergence that has been playing ever since the first time it hit 3000 Satoshi in Feb/March 2017. Every new bottom since then has has higher RSI low. Most importantly, the latest and...
Litecoin is behind bitcoin as always, so the move down has just begun. Mirror situation on ETHUSD, as buyers showed their weakness here. I think Litecoin will collect liquidity in the area shown on the chart before further price movement.
Litecoin has recovered the $100 handle, and is maintaining a very narrow range between $105 and $110. We keep testing $110, but red triangles on the KRI are confirming resistance here. We don't expect much action in the crypto market until after the FOMC statement this afternoon. After this event, we are likely to see a relief rally from markets in general and...
Litecoin has sold off with the rest of the crypto market, finding support at our level at $124, which we identified yesterday in the reports. Litecoin was wavering around these levels earlier this month, with a wick testing $120. It's inability to establish new lows, unlike the majors which have all established sharply lower levels, is a good sign for LTC. If...
Litecoin peaked at $153, after a strong rally in the face of malaise in the majors. Reality quickly set in for Litecoin, as we predicted, and prices have plummeted back down to support in the $130's, currently testing $134. The Kovach OBV was quite strong, but has since turned sharply bearish with the selloff. We are seeing support from $134, which is a...
Litecoin has shown surprising strength against the majors. Bitcoin and Ethereum are both lagging, with very little buying interest, holding narrow ranges at their respective value areas. But Litecoin has surprisingly made a run for the mid $100 handle, after lagging in the $120-$130 range last week. We were able to first break through $141, which itself was a...
LITECOIN STILL MOVING UP. When LITECOIN rising going to halt? It is going to change direction only after breaking rising wedge lines. TA analysis from a bit different angle by G-Money2022 ;)