Litecoin (LTC) Breaks Out, Attempts to Retest the Overhead Resistance at $50

Key Resistance Levels: $70, $80, $90
Key Support Levels: $50, $30, $10

LTC/USD Price Long-term Trend: Bullish
There is no denying the fact that the bulls have broken above the $42 resistance level. The bullish move has been sustained as the market continues its bullish run. The market is currently facing little resistance at the $48 price level. The coin can rise and break the $50 price level after the resistance.

Nonetheless, Litecoin is expected to reach the high of $60 once the $50 resistance is broken. Alternatively, if the bulls fail to break the resistance at $50, LTC may be compelled to a sideways move for a few days .We expect the price to fluctuate between $42 and $50.

LTC/USD - Daily Chart

Daily Chart Indicators Reading:
The exponential moving averages are at the point of a bullish crossover indicating the upward move. The MACD and the signal line are at the edge of a buy signal. The bands of MACD are yet to be above the zero line to give a reasonable buy signal.

LTC/USD Medium-term bias: Bullish
On the 4-hour chart, the price falls to the low of $36 and makes an upward move. It’s first upward move is at $41. After a pullback the coin moves up again to $42 price level. On the third upward move the coin moves up again to the high of $44.

At the high of $44, the price drops to the low of $39. The current upward move commences at that low and reached a high of $48. Litecoin is currently facing resistance at $48. The coin is likely to make a retest at the resistance level.

LTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The exponential moving average has made a bullish crossover, as the 12-day EMA crosses over the 26-day EMA. This indicates that the coin is rising. Litecoin is trading above 80% of the daily stochastic. The stochastic are sloping above the 80% range. This means that the coin is in a bullish momentum but the momentum is unsteady.

General Outlook for LTC
Litecoin is rising and at the same time approaching the $50 resistance level. Litecoin will continue its upward move if it successfully break above the $50 resistance. The price bars are above the EMAs; this implies that the coin will continue its upward move. All the indicators are virtually showing bullish signals. On the upside, if the price retraces, traders initiate buy order at the support level.

LTC Trade Signal
Instrument: LTC/USD
Order: Buy
Entry price: $47
Stop: $40
Target: $60

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Litecoin (LTC) Breaks Down, Lacks Buying at Upper Price Levels

Key Resistance Levels: $70, $80, $90
Key Support Levels: $50, $30, $10

LTC/USD Price Long-term Trend: Bearish
Litecoin plunges again after being repelled at the $44 resistance level. The bulls failed to break the resistance level after two unsuccessful attempts at $44. The bears have already broken down the support at $42. Litecoin will drop to a low of $39 if the support level cracks.

Nevertheless, the downtrend will resume if the $39 low is broken which will catapult the coin to $36 low. However, the price is fluctuating below the $42 where the possibility of a rebound is very slim. More so, Litecoin lacks buyers at  higher price levels. On the upside, if the bulls break above $44 and the upward move is sustained, Litecoin will reach the high of $50.

LTC/USD - Daily Chart

Daily Chart Indicators Reading:
The Relative Strength Index period 14 levels 45 indicates that price is in a range bound zone. The RSI is also below the centerline 50 which indicates that the coin is likely to fall. The 21-day SMA and the 50-day SMA are sloping southward indicating the downward move. The price breaks above the 21-day SMA but fail to break the 50-day SMA. A break above SMAs will enable the coin to rise.

LTC/USD Medium-term bias: Bearish
On the 4-hour chart, the coin fell to a low of $36 and commenced a bullish move. The bulls reached a high of $44. However, after a retest at the $44, LTC fell and broke below $42 support. The downward move is likely because price retested the low at $42 before falling again.

LTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading

Litecoin has fallen below 20% of the daily stochastic. The blue and red bands are making a U-turn in the oversold region of the market. It indicates that the bearish momentum is likely to turn bullish. The 21-day and 50-day SMAs are trending upward indicating that price is rising.

General Outlook for LTC
Litecoin has fallen below $42 after a price rejection at $44. The pair may continue the downward move if the selling pressure persists. Possibly, the coin will revisit the previous low at $36. Meanwhile, for the upward move to commence, Litecoin will break above the EMAs for the price to rise. Nevertheless, if the price breaks below the support line and closes, the selling pressure will resume.

LTC Trade Signal
Instrument: LTC/USD
Order: Buy Limit
Entry price: $40
Stop: $30
Target: $50

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Litecoin (LTC) Surges Higher Amid Sleepy Market

Key Resistance Levels: $70, $80, $90

Key Support Levels: $50, $30, $10

 

LTC/USD Price Long-term Trend: Bearish
Litecoin is in a bear market as the coin recovered from its last bearish move. On December 18, the coin sank to the low of $36 and moved up. LTC moves up to the high of $43 and faces another selling pressure. Litecoin fell to $40 low and it is moving up again. On the upside, a break above the $43 will drive the coin to the high of $50. Meanwhile, if the bulls fail to break the current resistance, the coin will resume its fluctuations below it.

LTC/USD - Daily Chart

Daily Chart Indicators Reading:
The stochastic indicator is above 50% range. This implies that Litecoin is in a bullish momentum. The coin is expected to rise to the previous highs. Nevertheless, if the bulls break above the 21-day and 50-day SMAs, LTC will resume its uptrend move.

LTC/USD Medium-term bias: Bearish
On the 4-hour chart, the bears broke the $43 support and slumped to another low of $36. The current low was well supported as the coin moves up to retest the $43. After the retest, the coin fell to another low to resume another bullish move.

LTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day and 50-day SMAs are trending upward indicating that price is rising. The Relative Strength Index period 14 level 50 is  indicating that price is approaching the bullish trend zone. On the upside, if price breaks and closes above the resistance line, LTC will reach a high of $50. On the downside, LTC will fall again if the support line is broken.

General Outlook for LTC
Litecoin is still in the bearish trend zone despite the bullish move to the previous highs. The buying power is weak at the lower price levels. However, if the current bullish momentum is sustained, Litecoin will rise to the previous highs. Meanwhile, the breaking of the $43 resistance level will determine the coin upward move.

LTC Trade Signal
Instrument: LTC/USD
Order: Buy
Entry price: $41
Stop: $30
Target: $50

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Litecoin (LTC) Price Analysis – Amidst Bearish Sentiment: Litecoin Posing For Positive Move

The weekly bearish volatility has continued to become notable for some days now but it may suspend soon. A weekly short opening at $44 now makes Litecoin record a daily low of $36. With -4.47% losses, Litecoin is currently the sixth-largest cryptocurrency by market cap. We can expect more positive move if the bullish pattern on the 30- minutes plays out.

Litecoin (LTC) Price Analysis: Daily Chart – Bearish

Key resistance levels: $40, $42, $45
Key support levels: $35, $33, $31

The daily chart for Litecoin shows that the market continues to aim the channel’s lower boundary, though the bearish scenario is likely to end soon. Meanwhile, there’s still a room for a more southward move as $35, $33 and $31support may be explored in the next few days. Taking a look at the RSI indicator, we can see that the market has entered the oversold region, which means the current price of is undervalued.

LTCUSD-Daily-Chart-December-18

Additionally, the MACD signalled a negative price action as momentum turns sideways. This means that the LTC market is indecisive at the moment. If the buyers show commitment, we may see a small buying pressure to $40 resistance. A continuous increase could allow us to test $42 and $45 resistance again. As of now, the bears are currently dominating the market.

Litecoin (LTC) Price Analysis: 30M Chart – Bearish

Litecoin is still trending bearishly on the 30-minutes time frame. But looking at the recent rejection at $36, the bulls are likely to step back into the market. We can see that Litecoin is brewing for a bullish surge. The white descending line seems to be suppressing the buying pressure. A successful climb could walk the buyers to $39, followed by $41 and $43 resistance.

LTCUSD, 30M Chart – December 18

Interestingly, the technical indicators are gaining recovery to the positive zone, though the MACD and RSI are yet to provide a crossover for bullish confirmation. In the opposite direction, Litecoin may keep rolling downward if the price action continues to respect the descending trend line. If such a scenario occurs, LTC may drop back to $36 and $35 support. The bearish trend would remain valid until buyers take control of the market.

LITECOIN BUY SIGNAL
Buy Entry: $37.7
TP: $40 / $42
SL: 35.9

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Litecoin (LTC) Plunges to a New Low, a Rally Is Expected

Key Resistance Levels: $70, $80, $90
Key Support Levels: $50, $30, $10

LTC/USD Price Long-term Trend: Bearish
In the last sideways trend, Litecoin was fluctuating between the levels of $42 and $50.On December 16, the bears broke the $42 support level and resumed a downtrend. The previous sideways trend has been terminated as Litecoin falls to a low of $39 and consolidates.

After consolidation, the selling pressure may continue as the market is expected to reach a low of $32 or $36 price level. As the market reaches the low of $32, the coin will be  reaching the oversold region and buyers may likely emerge. In other words, the coin may hold at the $32 support level.

LTC/USD - Daily Chart

Daily Chart Indicators Reading:
The MACD line and the signal line are below the zero line indicating that Litecoin is a sell signal. As price breaks the support line of the horizontal channel, it indicates that the selling pressure has resumed. The simple moving averages are pointing southward indicating the downward move.

LTC/USD Medium-term bias: Bearish
On the 4-hour chart, the bears have broken the sideways trend as the coin nosedived to the low of $39. At the low of $39, small body candlesticks are forming indicating that the price is consolidating. Prior to the time of price break down, the bears are at the edge of the support attempting to break the level. However, after consolidation, the coin may further depreciate.

LTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Litecoin has fallen below the 20% range of the daily stochastic indicating that the coin is in a strong bearish momentum. That is, at the low of $39, Litecoin may further depreciate.

General Outlook for MKR
Litecoin is out of the sideways trend as the coin resumes a downward move. The coin is consolidating after the price breakdown. LTC is approaching the next support at $36 or $32 price level. Nevertheless, if the coin reaches the low of $32, Litecoin may hold rebound.

LTC Trade Signal
Instrument: LTC/USD
Order: Buy Limit
Entry price: $36
Stop: $30
Target: $60

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Litecoin (LTC) Price Analysis – Litecoin Forms New Bearish Pattern, Can A Counter-Reaction Occur?

Since December 1, the value of Litecoin has substantially depreciated, losing almost 10% from its monthly opening price. As of now, LTC trades at $43.7 after dropping from a daily high of $44. Litecoin is currently the 6th best-performing cryptocurrency with a market cap of $2.7 billion which is quite low compared to when it was trading above $5 billion a few months back. We can see a price recovery as soon as buyers step back into the market.

Litecoin (LTC) Price Analysis: 2H Chart – Bearish

Key resistance levels: $45, $46, $47
Key support levels: $43, $42, $41

Litecoin is currently on a downward range, though the market has been trading below $45 for the past four days now. The recent price rejection at $44 is likely to cause a serious selling pressure in the market as $43 support may be explored soon. It may even get uglier if the LTC supplies below the descending wedge, reaching $42 and $41 support in no time.

LTCUSD, 2H Chart – December 13

Reclaiming $45 could be a bit tough for the buyers. But if they push through price to the upper boundary of the wedge, we can expect further buying at $46 and $47 resistance. Litecoin has shown a sign of small recovery in the technical indicators. A bullish move would confirm as soon as the MACD and RSI cross their immediate resistance. As of now, the downtrend remains significant on the 2-hours time frame.

Litecoin (LTC) Price Analysis: 30M Chart – Bearish

The 30-minutes chart for Litecoin shows that the market has continued to respect the white regression line drawn from December 9. Minutes ago, LTC got rejected again at the white line after a small correction to $44. Following the latest bearish formation, a possible sell is likely to $43 support, where the LTC is currently relying on.

LTCUSD, 30M Chart – December 13

A fresh weekly low could print at $42 if the current support dips. As revealed on the technical indicators, Litecoin is nearing towards the oversold region. If the buyers can counter the current bearish setup, the market could climb back to $44 with a potential break to $45 resistance. Notwithstanding, the bears are still gaining control of the market.

LITECOIN BUY SIGNAL
Buy Entry: $44.5
TP: $46
SL: $43

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Litecoin (LTC) Upward Move Uncertain Amidst Heavy Selling Pressure

Key Resistance Levels: $70, $60, $50
Key Support Levels: $50, $40, $30

LTC/USD Price Long-term Trend: Ranging
Today, Litecoin is consolidating above $44 after falling to a low of $42. In retrospect, the bearish impulse in September reached the low of $55 and commenced a sideways move. The price corrected upward but was resisted at $65. This resistance led Litecoin to fall to the present support at $44. As the market is consolidating, there is a tendency for price to rebound. On the other hand, the selling pressure may as well continue. Litecoin may suffer further depreciation if the current low at $42 is breached. However, Litecoin can as well rebound if the current low at $42 holds.

LTCUSD-Daily Chart

Daily Chart Indicators Reading:
In October, the bulls break the downtrend line and closed above it. By implication of this breakout, the bearish trend is presumed to be over. However, the bullish breakout was short-lived as the price was resisted at $65. The coin was under fresh selling as it fell to the current low.

LTC/USD Medium-term bias: Ranging
On the 4-hour chart, the bear market is now a sideways trend. The coin is fluctuating between the levels of $42 and $50. The bears have been testing the support level on more than five occasions to break it but to no avail. The coin will fall to a low of $36 if the bears succeed in breaking the support at $42.

LTCUSD - 4 Hour Chart

4-hour Chart Indicators Reading
The MACD line and the signal line are still below the zero line. This indicates that the coin is a sell signal. The 21-day SMA and the 50-SMA are sloping horizontally indicating that the coin is in a sideways trend.

General Outlook for LTC
Litecoin is in a sideways trend. The coin will fluctuate for a few more days as the coin is encountering low volatility. The coin may experience a breakout or a breakdown if the market encounters high volatility. Traders should look out to buy set up as the market is approaching the oversold region.

LTC Trade Signal
Instrument: LTCUSD
Order: Buy Limit
Entry price: $42
Stop: $35
Target: $66

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Litecoin (LTC) Price Analysis – Triangle Breakout Slips LTC Towards $50 Amidst Intraday Consolidation

Following last Friday’s massive buy from $47, Litecoin is now consolidating at $57.8 after recording $64 as the monthly high. The current squeeze was resulted by a low amount of trading volume. Meanwhile, Litecoin is bearish on a long-term but the last seven days of trading has allowed the price to trade above $55. However, we may continue to see an upsurge if the bulls can remain active in the market. With -2.66% losses, LTC remains the sixth-largest cryptocurrency on the market cap

Litecoin (LTC) Price Analysis: Daily Chart – Neutral

Key resistance levels: $64, $72, $80
Key support levels: $52, $47, $40

Litecoin is currently consolidating on the daily chart. Knowing that the market is under long-term bearish control, short-traders are trapped for the past 5 days as the October 25 sudden price increase gave the bulls a sigh of relief. For a bullish continuation, LTC may test the $64 before rising higher to the horizontal resistance (yellow) at $72 and $80. Rise above the horizontal line is a mid-term bullish confirmation.

LTCUSD, Daily Price Chart – October 30

Alternatively, a bullish trap may occur if LTC plummets straight back to the previous support at $52 and $47 and at the same time bringing trade back inside the descending wedge formation. Further support lies at $40. Litecoin is now testing the MACD signal level. A crossover should provide enough strength for the market to go bullish. The RSI is currently waiting at the 50 levels but it may further rise if the level can bolster as support.

Litecoin (LTC) Price Analysis: Hourly Chart – Bearish

Longing Litecoin at this moment could be a wrong position for short-term trader following the latest price break-down on the triangle formation. The ongoing selling pressure may cause Litecoin to fall at $55 and $50 if the supply becomes heavy. However, a false move may turn the bulls back active. Such a move may be unrealistic at the moment, although the market may as well be unpredictable too.

LTCUSD, Hourly Price Chart – October 30

However, resistance to watch out for is $60 and $64 before we can see a further rise. As of now, the MACD has slightly crossed to the negative to show that Litecoin is weakening on the hourly chart. The RSI is currently at the 38 levels, revealing that the sellers are in the market.

LITECOIN SELL SIGNAL
Buy Entry: $57.9
TP: $55/$50
SL: $62

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Litecoin (LTC) Price Analysis: LTC Corrects Gain After Rebounding From Channel Support

Litecoin has seen a price gain of +0.57% in the last 24-hours, correcting to $50 at the moment. The recent bearish shock-wave is still affecting the market as the key resistance holds at $52-$53 price zones. Meanwhile, the crypto trading signals a low trading volume which is now above $2 billion with a market cap of $3.1 billion. At the time of writing, LTC demand is slowly rising but remains under bearish control on s long-term.

Litecoin (LTC) Price Analysis: Daily Chart – Bearish

Key resistance levels: $55, $60, $78
Key support levels: $47, $43, $40

The daily outlook for Litecoin is dominantly following a bearish bias as the market subdues with price actions. The bears are currently running out of momentum on the intraday trading. Following the October 23 price dump to $47, Litecoin is now recovering towards the wedge’s upper boundary at $55. The market is currently supported by the RSI 50 – correspond with the $47 support.

LTCUSD, Daily Chart – October 25

We may see next support at $45, $43 and $40 if $47 fails to contain selling pressure. Looking at the MACD, the crypto trading signals that the LTC market is still bearish at the moment. A positive cross may trigger a sharp rise above the wedge formation to $60 and $78 in no time. But as of now, the bears are in play.

Litecoin (LTC) Price Analysis: 4H Chart – Bearish

Since October 8, Litecoin is maintaining a bearish bias on the 4-hour chart. The price recently fell to the channel’s support $47 after a massive decline but has now bounced off to $50. Despite the slight correction, the bears are still considered to be in control of the market. However, the retracement move is expected to reach the channel’s upper boundary at $52. As we can see, the RSI is rebounding toward the 50 levels.

LTCUSD, 4H Chart – October 25

The MACD has switched to the negative, showing that the bears have assumed control of the market. However, the ongoing price increase has kept the bears in suspense. Resuming pressure might swing the market back to the channel’s support. For now, Litecoin is holding support at $47.

LITECOIN BUY SIGNAL
Buy Entry: $50
TP: $53
SL: $61

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Litecoin (LTC) Price Analysis: Short-Term Bearish Move Signals Incoming Sell-Off For Litecoin

The bears have continued to extend their stay in the market as Litecoin trades below the $60 which was rejected on October 9. At the same time, the latest price drop is keeping the market in a bearish condition. We can expect the bulls to gain control of the market if the crypto trading signals a break above the short-term resistance. However, Litecoin is down by -2.04% over the last few hours with a more bearish outlook.

Litecoin (LTC) Price Analysis: Daily Chart – Bearish

Key resistance levels: $57, $60, $63, $70
Key support levels: $50, $47, $43, $40

Litecoin’s volatility is fading away on the daily chart as price surge lurks around on the descending wedge pattern. As it appeared now, Litecoin is at the verge of rolling over to the wedge’s support but the price slowly drops. We can expect the price to slip at $50, $47, $43 and $40 support as soon as the selling pressure trigger heavily.

LTCUSD, Daily Chart – October 17

As we can see, the technical indicators are still hovering around their negative zone. Pushing through the mid-level could sense a bullish move for the LTC/USD pair, bringing the market to $57 and $50 resistance before we can see a price break to $63 and $70. But it is now, the crypto trading signals that the bears are still present.

Litecoin (LTC) Price Analysis: Hourly Chart – Bearish

The weekly short opening has made the Litecoin’s price to following a bearish scenario on the 4-hour chart as the trading shapes inside a descending channel pattern. After rebounding at the channel support, the price is now nearing the channel’s resistance, where rejection is likely to play out.

LTCUSD, Hourly Chart – October 17

We can expect a price fall to $52 shortly. Meanwhile, the RSI has seen a bullish climb. If the crypto trading signals a cross above the MACD zero level, the price LTC could hit $55 and $57 resistance. For now, a bearish continuation is more likely to play out.

LITECOIN SELL SIGNAL
Sell Entry: $54
TP: $51
SL: $55

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  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated

$200

Min Deposit
8.5