Litecoin (LTC) Sustains Recent Rallies, Faces Resistance at $90 High

Litecoin (LTC) Sustains Recent Rallies, Faces Resistance at $90 High

Key Highlights
Litecoin rallies to the high of $90
The crypto may be range-bound between $80 and $90

Litecoin (LTC) Current Statistics
The current price: $89.20
Market Capitalization: $5,900,735,267
Trading Volume: $7,953,660,011
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis November 24, 2020
Litecoin has continued its rallies as the coin reached a high of $89.86. LTC price has been making a series of higher highs and higher lows. The upward move has been facing resistance at $90. On the upside, if buyers can push LTC above $90, the coin will rally above $100 high. However, if buyers fail to resume the upside momentum, LTC will be compelled to a sideways move for a few days. If the uptrend is resisted the coin will be range bound between $80 and $90.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price broke the resistance line of the ascending channel. This indicates a further upward movement of the coin. The crypto is at level 74 of the Relative Strength Index period 14. It indicates that the coin is in the overbought region of the market.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin has made an impressive bullish run on the upside. Nevertheless, the retraced candle body on October 31 tested the 61.8% Fibonacci retracement level. It indicates that the coin will rise to a level of 1.618 Fibonacci extension level. This extension is equivalent to $70 high. Meanwhile, the price action is above the projected price level.


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 results


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Litecoin (LTC) Surges Ahead, Breaks $68 Overhead Resistance, May Reach the $80 High

Litecoin (LTC) Surges Ahead, Breaks $68 Overhead Resistance, May Reach the $80 High

Key Highlights
Litecoin rallies to $76 high
The crypto is currently fluctuating between $72 and $76

Litecoin (LTC) Current Statistics
The current price: $71.57 
Market Capitalization: $4,716,629,608
Trading Volume: $5,605,076,671
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis November 17, 2020
Since October, Litecoin price has been making a series of higher highs and higher lows. On November 15, the price made higher lows before rebounding. It rebounded above the $63 low to reach a high of $76. The coin has retraced to $72 low to resume a sideways move.

On the upside, if the price breaks the $76 high, the coin will rally above the $80 high. The $80 price level was the recent high in the February price action. On the downside, if the price breaks below the $72 support, LTC will drop below the $68 support. Subsequently, the price will fall to a low at $64. Meanwhile, LTC is trading at $74 at the time of writing.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is above 80% range of the daily stochastic. It indicates that the coin is trading in the overbought region of the market. The implication is that sellers will emerge to push prices downward. However, in a trending market, the coin will continue to rise.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is making an upward move as the coin rebounded yesterday. The current price level is close to the Fibonacci projected price level. On November 13 uptrend; a retraced candle body tested the 50% Fibonacci Retracement level. This indicates that the market will rise to level 2.0 Fibonacci extensions or $75.40 high.

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 results

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Litecoin (LTC) Is in a Downward Correction, Struggles to Sustain Above $64 High

Litecoin (LTC) Is in a Downward Correction, Struggles to Sustain Above $64 High

Key Highlights
Litecoin is in a downtrend after rejection at the $64 high
The coin retraces and holds above $58 high

Litecoin (LTC) Current Statistics
The current price: $57.98 
Market Capitalization: $3,818,051,035
Trading Volume: $2,616,337,730
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis November 10, 2020
For the past week, Litecoin has been falling after the rejection at $64. Buyers attempted to push the price to the previous highs after the rejection but were repelled at $62 high. Presently, LTC has fallen to a low of $58.

The price has been hovering above this level as the coin reaches bearish exhaustion. The crypto will resume an upward move if the coin holds above $51 support. There is a possibility of price retesting the $64 high. The downtrend will persist if the price breaks below the $51 support. The market will drop to as low as $47.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Despite the retracement, the price is above the SMAs which suggests an upward movement of the coin. The 50-day and 21-day SMA are sloping upward indicating the uptrend. The coin is at level 58 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone.

LTC/USD – Daily Chart

Conclusion
The bulls will continue to retest the $64 high as long as price is above the SMAs.On October 24 uptrend, LTC was resisted at $62 high. A retraced candle body tested the 61.8% Fibonacci Retracement level. This indicates that the market will rise to level 1.618 Fibonacci extensions or $69.70.


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4 Cautionary Crypto Tales From the Crypt

4 Cautionary Crypto Tales From the Crypt

Witches, vampires, and ghouls. These Halloween beasties have nothing on every Bitcoiner’s worst nightmare: losing one’s digital gold in a fluke accident or misstep. We can practically hear you screaming at your screen right now.

In honour of Halloween season, we’re exploring four spine-tingling tales of brutal Bitcoin losses. We also throw in a little treat towards the end and reveal how you can make a killing on crypto with a LonghornFX account, without actually buying any Bitcoins. Intrigued? Read on to find out more.
1. IT guy chucks $127m Bitcoin in toxic landfill
British IT professional James Howells began mining Bitcoin on his personal laptop back in 2009 and by 2013 had amassed an impressive 7,500 Bitcoins. He sold the laptop on eBay but held on to the hard drive in the hope that his Bitcoins would increase in value. But while clearing out his house later that same year, he accidentally threw the drive away, which ended up being dumped in a Welsh landfill. When he realised his mistake, Howells desperately tried to get permission to search the landfill for his drive. His request was denied on the grounds that it was dangerous due to the toxicity of the landfill, plus it simply went against the law.

Fat lot of good that would have done him, anyway. With 50,000 tons of refuse added to the site every year, searching for one tiny hard drive would have been a much bigger problem than finding a needle in a haystack. Still, it may have just been worth the undertaking. It’s estimated that around 2017, when Howells realised what he’d done, his 7,500 Bitcoins would have been worth in excess of $127 million.

2. Aussie loses $7m Bitcoin after investing life savings
In a moment of mid-life crisis, former Australian journalist Derek Rose decided to do what for many would be the unthinkable. He withdrew his entire $70,000 life savings and invested it all into Bitcoin. Seeing that his initial capital was growing exponentially with the Bitcoin boom of 2016, Rose even started borrowing more money to increase his investment, and was soon earning close to half a million dollars a day.
But rather than listen to his financial advisor and friends who encouraged him to cash out while the going was good, Rose continued to ride that wave of euphoria and poured even more money more into crypto. Then the Christmas crash of 2017 hit and Rose saw his multi-million dollar account take a massive hit. He lost around $7 million at the time. Thankfully Rose didn’t lose everything. “This was a huge blow, but it didn’t wipe me out […] I’m still doing better with my investments than I would have if I had stayed in index funds.” Moral of the story: what goes up, must come down. No bullish rally will continue forever.

3. Tech journo forgets Bitcoin wallet PIN
Sometimes even the world’s most reliable tech geeks make massive errors. After amassing some $30,000 in Bitcoins, Wired magazine editor Mark Frauenfelder lost access to his crypto wallet. “I wrote my PIN code and recovery seed on the same piece of paper. I was planning to etch the seed on a metal bar and hide it, but before that happened my house-cleaning service threw the paper away,” he explained.

Frauenfelder was ready to kiss his Bitcoins goodbye when he finally met a stroke of good fortune. Thirteen months after losing his PIN, Mark was introduced to Saleem Rashid, a 15-year-old coding whiz from the UK. With Saleem’s help, Mark managed to hack into his crypto wallet and successfully retrieve his PIN and subsequently his Bitcoins. We bet Frauenfelder won’t be misplacing his new PIN any time soon!

4. Software designer wipes away $20k
When Bitcoin first began to cause a stir on the web back in 2010, Atlanta-based software developer Syl Turner thought he’d try his hand at mining and managed to earn himself two whole Bitcoins. As Bitcoins were worth pennies at the time, Syl didn’t give them much thought and eventually ended up storing his mining computer in his attic.

Fast forward a few years later and suddenly Syl sees a news alert pop up on his screen: Bitcoins are now worth $10,000! Syl shot straight up into the attic to retrieve his dormant PC. He found what he was looking for but when he booted the computer up, he realised he had mistakenly wiped the hard drive, meaning his crypto wallet key had vanished. That one mistake cost Syl $20,000, at the very least. If Syl still had access to his crypto wallet and HODLed, he may have seen his Bitcoin climb much, much higher.

Profiting from Crypto made simpler
Thankfully, there’s a much easier and cost-effective method of profiting off Bitcoin, without the risk of losing hard drives or extra complicated PINs to crypto wallets. By trading Contracts for Difference (CFDs) on LonghornFX, you can profit on over 35 cryptos by trading on whether the price of the underlying crypto asset will rise or fall.

Trade on Bitcoin, Ether, Ripple, and more popular altcoins, all with 1:500 leverage. Open a free LonghornFX account and trade from as little as a $10 deposit!

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Litecoin (LTC) Is Likely to Sink Below $51 as Bulls and Bears Tussle for Price Possession

Litecoin (LTC) Is Likely to Sink Below $51 as Bulls and Bears Tussle for Price Possession

Key Highlights
Litecoin plunges to $51 low and corrected upward
LTC risks further downward move as price reaches overbought region

Litecoin (LTC) Current Statistics
The current price: $52.49
Market Capitalization: $3,453,939,467
Trading Volume: $2,849,880,504
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis November 3, 2020
Litecoin has been on a downward move. Today, the bearish impulse reached a low of $51 and corrected upward. Presently, it is facing another rejection at the $53 high. There is a likelihood of a further downward move.

On the downside, if price retraces and breaks below the $51 support, the market will drop to $46 or $47 support. The coin will resume an uptrend if the price finds support above $51. The $51 support is where the coin resumes upside momentum.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The coin is below the 60% range of the daily stochastic. It indicates that it is in the bearish momentum. The selling pressure of the coin will persist once the price breaks below the SMAs. The coin is at level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand.

LTC/USD – Daily Chart

Conclusion
Litecoin is likely to further decline as price retests the $56 high. On October 30 downtrend; a retraced candle body tested the 61.8% Fibonacci Retracement level. This indicates that the market will further depreciate to level 1.618 Fibonacci extensions or $47 low.


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Litecoin (LTC) Fluctuates Above $51 Support, May Retest $60 Resistance

Litecoin (LTC) Fluctuates Above $51 Support, May Retest $60 Resistance

Key Highlights
Litecoin faces resistance at $60 high
The coin is likely to reach another high of $65

Litecoin (LTC) Current Statistics
The current price: $55.77
Market Capitalization: $3,798,737,096
Trading Volume: $3,598,132,866

Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis October 20, 2020
Litecoin has resumed upside momentum has price breaks above the $51 resistance. The rally reached the high of $60 but the bulls could not sustain the uptrend. In the interim, the coin is fluctuating between $55 and $60.

The next high will be at $65 if the bulls succeed in breaking the resistance at $60.The coin can as well fall if the bears break below the support at $55. In the meantime, there is a bullish signal as bulls recoup to retest the $60 resistance. The market will move up to a high of $65 once the current resistance is breached.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
With the recent price surge, the resistance line of the ascending channel has been broken. The previous trend must have given way to the bullish momentum. Presently, the coin is trading in the overbought region of the market but the stochastic bands are sloping downward. This indicates the previous price fall.

LTC/USD – 4 Hour Chart

Conclusion
After the price retracement, there are bullish signals as the price resumes upward movement. According to the Fibonacci tool, the crypto will rise but will later reverse. The retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that LTC will rise to level 1.272 Fibonacci extensions l. In other words, the coin will reach $64.10 high.



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Litecoin (LTC) Falls After Facing Rejection at $48 Resistance

Litecoin (LTC) Falls After Facing Rejection at $48 Resistance

Key Highlights
LTC struggles to break above the SMAs
Litecoin may face further rejection at the recent high

Litecoin (LTC) Current Statistics
The current price: $47.57
Market Capitalization: $3,125,947,038
Trading Volume: $1,810,961,358
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis October 20, 2020
For the past week, buyers were in control as they push price above the moving averages. The bulls could not sustain the uptrend as price was rejected at the $51 resisted. The coin fell to the low above $45, while buyers struggle to resume a fresh uptrend.

Today, Litecoin is rising as it approaches the previous high of $51. If buyers push price above $51, the upside momentum will resume. The coin will rally to $58 or $62 high. On the other hand, if the coin fails to push above the SMAs. The crypto is likely to fall into the range-bound zone.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price has broken above the 21-day SMA. A break above the SMAs will propel the coin to rise. The crypto is above the 40% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The SMAs are sloping southward indicating the downtrend.

LTC/USD – 2 Hour Chart

Conclusion
From the price action, LTC has shown signs of bullish momentum. On October 19 uptrend, a retraced candle body tested the 78.6 % Fibonacci retracement level. With the retracement, the coin is expected to rise and reach level 1.272 Fibonacci extension. That is LTC will rise and reach a high of $48.94 but will reverse and return to the 78.6% Fibonacci retracement level.

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Litecoin (LTC) Uptrend Is in Jeopathy as It Faces Resistance at $51

Litecoin (LTC) Uptrend Is in Jeopathy as It Faces Resistance at $51

Key Highlights
Litecoin has continued to rebound as it reaches the high of $51
LTC has a target price of $55

Litecoin (LTC) Current Statistics
The current price: $50.19
Market Capitalization: $3,295,105,365
Trading Volume: $2,496,458,935
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis October 13, 2020
Since October 7, LTC has been making impressive bullish runs. Yesterday, the price rallied to $51 after breaking the previous range-bound zone. The coin is facing resistance at the recent high and has retraced to the support above $50.

On the downside, if the bears break below the $50 support, the price will fall to the previous range-bound zone. On the upside, LTC is now trading in the bullish trend zone. If the bullish momentum resumes and price breaks the resistance at $51, a rally above $63 is expected. In the meantime, the coin is fluctuating above the $50 support at the time of writing.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The recent price surge has enabled LTC to trade in the bullish trend zone. There is a possibility of price rising as it above the SMAs. The market is likely to rise as it breaks above the resistance line of the descending channel.

LTC/USD – 4 Hour Chart

Conclusion
From the recent price action, the price surge is likely to continue on the upside. On October 12 uptrend; the coin was resisted at the $51 high. The retraced candle body tested the 38.2 % Fibonacci retracement level. This gives the impression that Litecoin will reach a high of 2.618 Fibonacci extension. That is the high of $55.41.


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Litecoin (LTC) Rebounds as Bulls Attempt a New High of $48

Litecoin (LTC) Rebounds as Bulls Attempt a New High of $48

Key Highlights
Litecoin is rising and may reach the target price of $48
LTC is facing initial resistance at $47

Litecoin (LTC) Current Statistics
The current price: $46.51
Market Capitalization: $3,051,317,298
Trading Volume: $2,539,552,686
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin Reopens Mimblewimble Testnet as Europol Targets Privacy Protocols
Litecoin (LTC) reopens its MimbleWimble testnet which is designed to improve privacy and conceal the traceability of distributed ledger transactions. MimbleWimble is a customized implementation of the proof-of-work algorithm underpinning Bitcoin. In this case, the blocks appear as a single transaction. It avoids the individual inputs and outputs relating to the transactions from being identified.

Litecoin (LTC) Price Analysis October 6, 2020
After October 1 breakdown, Litecoin dropped to a low at $43 and the coin rebounded. After the rebound, LTC resumed a fresh uptrend as price reached a high of $47. The coin was resisted as it felled to $45 low. Buyers have commenced another move as price reached a high of $46. The coin is faced with resistance at $48 and $51.

Presently, it is battling a minor resistance at $47. On the upside, a strong bounce above the current support will propel price to break the resistance at $48 and $51. Nonetheless, if the current move is sustained above $55, LTC will be out of the downward correction. Meanwhile, the coin is rising and trading at $76 at the time of writing.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price has broken the 12-day EMA and it is approaching the resistance line of the ascending channel. A break above the resistance line will ensure the upward movement of the coin.LTC is in a bullish momentum as it is above the 60% range of the daily stochastic. The EMAs are sloping upward depicting the current uptrend.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is likely to move up if the current resistance levels are breached. From the price action, the crypto reached a high of $47 and was resisted; the retraced candle body tested the 50% Fibonacci retracement level. This gives the impression that the market will rise to the previous high at 2.0 Fibonacci extension level or $48.64high.


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Litecoin (LTC) Rebounds above $0.43, Uptrend Likely

Litecoin (LTC) Rebounds above $0.43, Uptrend Likely

Key Highlights
Litecoin rebounds above $43 to escape the downtrend
The crypto faces resistance at the $48 resistance zone

Litecoin (LTC) Current Statistics
The current price: $45.61
Market Capitalization: $2,990,040,077
Trading Volume: $1,862,119,846
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

Litecoin (LTC) Price Analysis September 29, 2020
Litecoin is trading at $46 high at the time of writing. The bulls “buy the dips” as the coin escapes the downward move. Sellers intended to sink LTC to the low of $39. Earlier on the bears broke the range-bound movement between $45 and $51 as the coin slumps to $41 low. The price was corrected upward immediately above $0.43 before it rebounded.

Meanwhile, the current upward move is facing resistance at the $48 high. This current resistance can be breached if price rebounds above the $45 support. Perhaps, if buyers can push the price above the $58 high, Litecoin will be out of the downward correction. The crypto will resume upside momentum. Otherwise, the coin will be range-bound between $43 and $48 .

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin upward move is hampered by the resistance at the 12-day EMA. The upward move can be possible if price breaks above the EMAs. At the moment, the upward move is doubtful as the coin is in the bearish trend zone. In the meantime, the coin is in a bullish momentum above the 40% range of the daily stochastic.

LTC/USD – Daily Chart

Conclusion
The current downward move is unlikely as the coin has rebounded above the $41 low. LTC would have declined to $39 if the $41 low is breached. Therefore, the Fibonacci tool analysis of price reaching the 1.272 extension or $39 low is not feasible.


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 results


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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.