Litecoin (LTC) Fluctuates Between $155 and $180, May Reverse at Level $150

Litecoin (LTC) Fluctuates Between $155 and $180, May Reverse at Level $150

Key Highlights
Since February 23, Litecoin has been in a range-bound move above $155
Litecoin may find support above $150 but will reverse

Litecoin (LTC) Current Statistics
The current price: $172.06
Market Capitalization: $14,458,822,606
Trading Volume: $4,704,125,991
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis March 2, 2021
Following the recent breakdown on February 23, the LTC price has been fluctuating between $155 and $205. Soon after the coin fell to its present low, the price corrected upward but the uptrend was repelled. The bears pushed the coin to the previous low. Presently, the cryptocurrency has been confined between the $155 and $180 price range. The coin will rise if the price breaks the $180 minor resistance level. A retest of the $240 overhead resistance is likely. Otherwise, the bears will break the $155 support.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
After the recent breakdown, the price fell and found support above the 50-day SMA. The market is likely to rise if the 50-day SMA holds. LTC is presently above 80% range of the daily stochastic. The price has reached the overbought region. LTC is facing rejection at the $180 high.

LTC/USD – 4 Hour Chart

Conclusion
For the past week, Litecoin has been in a sideways move after a recent breakdown to $155 low. However, the Fibonacci tool has indicated a further decline of the coin. On February 26 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the crypto will decline to level 1.272 Fibonacci extensions or the low of $150.57. However, the coin is likely to reverse after falling to this low.


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Litecoin (LTC) Is in a Sharp Decline, May Find Support Above $180

Litecoin (LTC) Is in a Sharp Decline, May Find Support Above $180

Key Highlights
Litecoin is in a sharp decline, may reach the low of $180
Litecoin reaches bearish exhaustion

Litecoin (LTC) Current Statistics
The current price: $1,588.73
Market Capitalization: $181,735,755,212
Trading Volume: $44,733,702,218
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis February 23, 2021
Since February 20, Litecoin has been falling after its rejection from the $240 high. The bulls were attempting to break the previous price level before encountering a bearish consequence. LTC has fallen and it is approaching the low of $180. The bottom line is that if price falls and finds support above $180, the market may resume upward. However, if the price breaks the $180 support, LTC will further decline to $150 and $170.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin has fallen to level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The crypto’s price is attempting to break the support line of the ascending channel. The downtrend will resume if the support line is breached.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is in a downward move. The Fibonacci tool has indicated a downward movement of the coin. Meanwhile, on February 22 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the crypto will decline to level 1.618 Fibonacci extensions or the low of $137.22.


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Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

You can purchase crypto coins here.  

Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

You can purchase crypto coins here. 

 

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Litecoin (LTC) Consolidates Above $200, May Resume Upward Move

Litecoin (LTC) Consolidates Above $200, May Resume Upward Move

Key Highlights
Litecoin rallied to a high of $230
The uptrend is intact as price finds support above the SMAs

Litecoin (LTC) Current Statistics
The current price: $213.23
Market Capitalization: $17,884,480,266
Trading Volume: $12,804,148,208
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis February 16, 2021
Presently, buyers are attempting to break above the $220 resistance but find penetration difficult at the recent high. The price is fluctuating between the minor resistance and the 21-day SMA. The current upward move was a result of the breakdown of yesterday. On February 14, LTC/USD rallied to $230 high but the uptrend was interrupted. Litecoin reached the overbought region of the market as it faced rejection. The market dropped to $185 and resumed upward. The uptrend will commence if the bulls break the $220 and $230 resistances.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin has risen to level 69 of the Relative Strength Index period 14. The crypto has reached the overbought region. A further upward rally is doubtful. LTC is already above the 80% range of the daily stochastic. It is indicating that the coin is in the overbought region. Sellers may emerge.

LTC/USD – Daily Chart

Conclusion
Litecoin has commenced an upward move but it is facing resistance at the recent high. Meanwhile, on February 14 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.272 Fibonacci extensions or the high of $258.22.


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Litecoin (LTC) Makes Positive Moves, Attempts to Revisit $175 Resistance Level

Litecoin (LTC) Makes Positive Moves, Attempts to Revisit $175 Resistance Level

Key Highlights
Litecoin reaches the high of $174 but was resisted
The alt-coin plunges to $164 low

Litecoin (LTC) Current Statistics
The current price: $168.35
Market Capitalization: $14,105,166,061
Trading Volume: $9,936,084,311
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis February 9, 2021
On February 8, Litecoin rebounded above $151 support and rallied above the $160 resistance. The bullish momentum reached the high of $175 and was resisted. LTC would have reached the high of $200 if the bulls clear the minor resistance at $175. Consequently, LTC is retracing to the downside. It is likely the selling pressure will subside at the low of $164. The market will resume upward if the $164 support holds. Today, LTC has resumed upward move and it is trading at $167 at the time of writing.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The 50-day and 21-day SMAs are sloping upward indicating an uptrend. The price bars have continued to remain above the SMAs which indicate the upward movement of the coin. Litecoin has risen to level 62 of the Relative Strength Index period 14. It indicates that the altcoin is in the uptrend zone and approaching the overbought region.

LTC/USD – 30 Mins chart

Conclusion
Litecoin is in a downward move. The downtrend has reached bearish exhaustion. On February 9 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the crypto will reach level 2.618 Fibonacci extensions or the low of $162.98.



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Litecoin (LTC) Slumps, Unable to Push Above the Resistance Line

Litecoin (LTC) Slumps, Unable to Push Above the Resistance Line

Key Highlights
Litecoin drops to $134 low after failing to break above the resistance line
The crypto may lose $120 support if buyers fail to break the resistance line

Litecoin (LTC) Current Statistics
The current price: $138.52
Market Capitalization: $11,635,672,150
Trading Volume: $6,174,947,435
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis February 2, 2021
Litecoin has continued to make a downward move as the crypto reaches the low of $134. In the previous price action, Litecoin has been making a series of lower highs and lower lows. The downtrend would have been interrupted if the bulls have broken the resistance line. On the downside, if the coin falls and breaks below the $120 support, LTC will be faced with deeper correction as the coin will decline to $55 low. On the upside, the bulls have to break the resistance line to overcome the current downtrend.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The bears have broken below the SMAs as bulls attempt to push LTC upward. The coin will resume upward if the crypto’s price rises above the SMAs. In the bullish trend zone, the coin has the chance of rising. Litecoin is at level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand.

Conclusion
Litecoin has been falling consistently as bears approach the low of $120. The Fibonacci tool analysis will hold if the bears break the $120 support. On January 11 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the crypto will reach level 2.0 Fibonacci extensions or the low of $38.47.


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Litecoin (LTC) Falls at the $147 High, Fails to Break the Resistance Line

Litecoin (LTC) Falls at the $147 High, Fails to Break the Resistance Line

Key Highlights
Litecoin is in a downtrend and may slide to $96 low
The crypto is making a series of lower highs and lower lows

Litecoin (LTC) Current Statistics
The current price: $131.09
Market Capitalization: $11,011,847,219
Trading Volume: $5,738,514,349
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis January 27, 2021
Litecoin resumed a downward move after testing the high of $147. Since January 10, the coin has been making series of higher highs and higher lows. On the upside, the bulls have failed to break the resistance line. Each attempt the coin attempts the resistance line, it will make a lower low. LTC is unlikely to make a fresh uptrend. On the other hand, selling pressure is likely to continue as the coin faces rejection at $147. The downtrend may extend to the low of $112.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The bulls fail to break the resistance line; therefore, the uptrend is unlikely. The selling pressure will persist as bears attempt to break below the 50-day SMA. The coin is at level 45 of the Relative Strength Index. It indicates that the coin is in the downtrend zone.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is in a downward move as bulls fail to break the downtrend line. On January 21 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.618 Fibonacci extensions or the low of $96.10.


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Litecoin (LTC) Faces Rejection at $166 High, Targets $260 Price Level

Litecoin (LTC) Faces Rejection at $166 High, Targets $260 Price Level

Key Highlights
Litecoin battles resistance at $185
The altcoin targets $260 price level

Litecoin (LTC) Current Statistics
The current price: $161.60
Market Capitalization: $13,595,185,964
Trading Volume: $8,740,555,485
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis January 19, 2021
Litecoin bulls struggle to break the current resistance at the recent high. The altcoin is retracing after rejection from the $166 high. In previous price action, buyers have not been able to push the coin to $166 high, rather the price has been fluctuating between $135 and $150 since January 11 downtrend. Buyers can retest or break the $185 overhead resistance if the initial resistance is broken and the bullish momentum is sustained. On the upside, LTC will reach the high of $260, if the $185 resistance is breached. However, if the bullish scenario fails, Litecoin will be compelled to a range-bound movement.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC is at level 56 of the Relative Strength Index period 14. It indicates that the altcoin has room to rally on the upside. The price bars above the SMAs suggest that the coin is likely to rise. The SMAs are pointing northward indicating the uptrend.

LTC/USD – Daily Chart

Conclusion
Litecoin bulls are making frantic efforts to push the altcoin to the previous highs. On January 10 uptrend; a retraced candle body tested the 61.8%Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.618 Fibonacci extensions or the high of $254.28.


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Litecoin (LTC) Resumes Upward Move as Bulls Buy the Dips

Litecoin (LTC) Resumes Upward Move as Bulls Buy the Dips

Key Highlights
Litecoin slumps to $121 low and resumes upward
The altcoin will further decline to $73 if the support at $120 cracks

Litecoin (LTC) Current Statistics
The current price: $144.63
Market Capitalization: $9,613,048,370
Trading Volume: $12,189,426,086
Major supply zones: $120, $140, $160
Major demand zones: $90, $70, $50

Litecoin (LTC) Price Analysis January 12, 2021
Litecoin has fallen to $120 low as the coin resumed its upward move. The crypto has fallen into the previous range bound zone of $120 and $140. LTC will retest the $180 resistance if the bulls clear the $140 and $170 minor resistance levels. On January 10, Litecoin was repelled as the bulls attempt to break the $180 resistance level. Meanwhile, the crypto has resumed upside momentum as the market reaches the high of $146.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
After the breakdown, the LTC price broke above the SMAs which suggested an upward movement of the coin. The crypto is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin has fallen to $120 low as the current support holds. This has propelled the price to rise on the upside. However, if the $120 support fails to hold, the Fibonacci tool price prediction will hold. On January 11 downtrend; a retraced candle body tested the 61.8%Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.618 Fibonacci extensions or the high of $67.40.


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Litecoin (LTC) Is Consolidating Above $150 Support, an Upward Move Likely

Litecoin (LTC) Is Consolidating Above $150 Support, an Upward Move Likely

Key Highlights
Litecoin rallies to $173 high
The crypto retraces and consolidates above $150

Litecoin (LTC) Current Statistics
The current price: $155.53
Market Capitalization: $13,041,184,466
Trading Volume: $9,609,246,821
Major supply zones: $120, $140, $160
Major demand zones: $90, $70, $50

Litecoin (LTC) Price Analysis January 5, 2021
Litecoin has retraced from $173 to $150 support. The crypto is consolidating above the current support for a possible upward move. The previous uptrend was a breakout from the $140 resistance. For the past week, LTC has been fluctuating between $120 and $140 before the recent breakout. On the upside, if the bulls break the $170 resistance, the coin will rally above the $200 high. However, the coin will continue its consolidation above $150 support if the current resistance level remains unbroken.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is above the 80% range of the daily stochastic. It indicates that the coin is in a strong bullish momentum. Also, LTC is trading in the overbought region of the market. The SMAs are sloping upward indicating the uptrend.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is currently fluctuating above $150 support. On January 4 uptrend; a retraced candle body tested the 61.8%Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.618 Fibonacci extensions or the high of $202.77.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.