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Latest Litecoin price and analysis (LTC to USD) – Coin Rivet

Litecoin (LTC) experienced exponential growth earlier this year. Prior to mid-June, the altcoin was the best performing digital asset of 2019, growing more than 170% in fewer than 90 days and peaking at around $145.

A serious summer downtrend then saw LTC tumble to around $49.

At the time of writing, Litecoin is showing signs of recovery and is currently trading at around $61 5% higher than last week.

However, price has dropped around 2% over the last 24 hours.

Will Litecoin consolidate above $60? Lets take a look at the LTC chart.

As you can see from the chart above, Litecoin suffered a huge fall around mid-September due to a significant BTC dump which impacted the entire market.

LTC attempted to consolidate and recover over the following weeks before another downtrend in mid-October saw price fall from$60 to below $52 in under a week.

However, the entire crypto market experienced a huge pump towards the end of October loosely attributed to Chinese President Xi Jinpings positive comments about blockchain and since then Litecoins price has been consolidating above its 20-day EMA.

Looking at the EMAs, we can see the 50-day EMA has crossed the 200-day EMA to the downside and the 20-day EMA is still on a downtrend. However, price is now attempting to break these levels to reverse the trend.

Last month, I mentioned I could not foresee the price of LTC growing without a reversal of the EMAs. In addition, volume really needs to pump to the upside, which finally seems to be happening. At the moment, volume is sitting close to $4 billion, marking a whopping 23% gain since two weeks ago.

Finally, looking at the volume profile, Litecoin seems to have found support around the $57 region and will likely face some resistance around $72-$75, and then again near $90.

Ive shifted my position over the long term and I now believe it may take longer for a pump towards $100 to take place. Its much more likely that the next significant pump will only happen after the BTC halving, which is taking place sometime in May 2020.

Recently, the Magical Crypto Friends show which is available on YouTube and features Litecoin founder Charlie Lee focused an entire program on Litecoin.

From Litecoin acting as a store of value to new development updates, the show covered the most important discussions in the community.

Lee confirmed that the project is working on privacy improvements as well. The Litecoin development team is working with the Mimblewimble protocol, specifically the developers behind Grim, with a view to potentially adding the privacy protocol as an extension block.

According to Lee, it would work as follows:

All the miners are mining both the extension block and the main chain at the same time, after the soft-fork that is. So the Mimblewimble chain would go alongside the main chain and then you would have peg-in, peg-out, so you could move Litecoin into the other chain and back.

The goal would be to give Litecoin users improved privacy features when transacting.

Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins, and a different script-based algorithm.

Litecoin is one of the leading cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.

If you want to find out more information about Litecoin or cryptocurrencies in general, then use the search box at the top of this page. Heres an article to get you started:

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.

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Latest Litecoin price and analysis (LTC to USD) - Coin Rivet

Litecoin (LTC) beats the market with 3% gains – FXStreet

At the time of writing, LTC/USD is changing hands at $60.50, having gained nearly 3.5% since the beginning of the day and over 4% on a day-to-day basis. Litecoin now takes the 6th place in the global cryptocurrency rating with the current market value of $3.8 billion. An average trading volume is registered at $3.4 billion, in line with the recent figures.

Looking technically, LTC/USD jumped above SMA50 (Simple Moving Average) on the daily chart at $58.90 and cleared psychological $60.00, which bodes well for LTC bulls. If the coin manages to settle above this area, the long-term picture will improve significantly. The next resistance is created by the upper line of the daily Bollinger Band at $62.40. Once it is broken, the recovery is likely to gain traction with the next focus on the recent top of $64.10, followed by a psychological $65.00.

On the downside, the initial support created by $60.00 and the above-mentioned SMA50 daily. It is followed by $57.80 - an upper boundary of the broken consolidation range that limited LTC movements for the best part of October. A sustainable move below this handle will open up the way towards $52.80 back in focus.

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Litecoin (LTC) beats the market with 3% gains - FXStreet

Litecoin Price Forecast: LTC/USD return to $50 is necessary for the end year rally – FXStreet

Litecoin is exchanging hands at $62.85 following a subtle 0.6% loss on the day. LTC extended the bullish leg to an intraday high of $63.28 but failed to stir action towards $64 (short-term resistance). The cryptocurrency live rates show that Litecoin is subject to a bullish trend amidst expanding volatility.

Looking at the four-hour chart, Litecoins struggle to defend $60 support is at its peak. Besides, the price is teetering within a forming rising triangle pattern. The first scenario is for Litecoin to break past the triangle resistance and open the door towards $70. On the other hand, the failure to clear the $64 hurdle coupled with a correction under the trendline support, Litecoin could easily approach $50.

In retrospect, a drop to $50 would not entirely have a negative impact. It is likely to create fresh demand for LTC and form a basis for the end year rally towards $100.

The Relative Strength Index (RSI) shows that the price is oversold in the short-term and a reversal is in the offing. The bulls remain relatively in control according to the Moving Average Convergence Divergence (MACD).

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Litecoin Price Forecast: LTC/USD return to $50 is necessary for the end year rally - FXStreet

Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) Price Prediction And Analysis: Will The Bullishness Continue? – NullTX

Bitcoin Price Analysis (BTC/USD)

The price of BTC/USD pair has shown a positive sign starting from 12:00 to 21:00, where it jumped from $9271.17 to an intraday high of $9586.50 that indicated intense buying pressure. However, the momentum changed shortly after due to an increase in selling pressure. That resulted to a downside correction, which signaled that bears are in command.

Despite the recent dip, an upsurge by 0.15% was recorded and BTC is now changing hands at $9284.95 after testing the support level defined near $9208.81. Besides, more downsides could result further downtrend in the short-term. Additionally, both moving averages have given a bearish crossover, and the RSI has declined from the overbought zone and is now below average that give a negative sign.

If the price dip below $9155 level, more southward rally towards $7400 levels is likely. However, if more buyers enter the market, then a break above $9474.52 resistance level could led to an upside rally towards $10000.00l level.

BCH/USD pair has been on a tight range between the horizontal channel marked (A and B). Failure of BCH to step above $294.9 level resulted in a bearish action that fluctuated the price to close near the support level found near $285.0. An upside break later followed that found new support near $288.0. Thus BCH is now being exchanged at $290.9 with an intraday decrease of about 1.3%. The dip has thereby shown an increase in selling interest.

Additionally, the moving averages have intertwined, and the RSI has been trading between level 60 and 40 that confirmed indecisive market momentum showing that the trend may take center stage in the near term especially if the pairs price could keep on trading in between the horizontal channels.

During the last 17hrs, a bullish trend line (C) was spotted; therefore, a break below it may start afresh decline towards 270.0. However, if the price jump above $294.9, the uptrend is likely to continue above $310.0 level.

LTC/USD pair has again by 3.1 over the last 24hrs, the coin began the session trading at $60.326 and is now dancing to the tune of $62.265. The uptrend seemed to have gained support from ascending moving averages that are indicating an increase in buying pressure, which could result to an increase in investors sentiments in the short-term.

At the press time, the pairs price is testing the resistance level marked at $63.000 showing bulls are in command. Despite the uptrend, the RSI indicator is declining slowly, signaling a reduction in buying interest. Luckily, it is still above average, which is a positive outlook. Thus, continuous upside rally should be anticipated in the short-term.

An upside break above $63.500 could correlate gains above $80.000. On the downside, if the price fall below 61.000, a new downtrend can be seen that may dip the price lower below $40.000 level.

Cryptocurrency Charts By Tradingview

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

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Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) Price Prediction And Analysis: Will The Bullishness Continue? - NullTX

Bitcoin is the best form of money ever seen: Litecoins Charlie Lee – AMBCrypto

Blockstream and BTSE recently co-hosted a meetup in Las Vegas, with the topic of discussion being Liquid sidechain. The event took place on 29 October on the sidelines of the Litecoin Summit, and hosted a panel of speakers that included Blockstreams Samson Mow, Litecoins Charlie Lee, and popular Bitcoin proponent WhalePanda.

The popular Bitcoin sidechain, Liquid Network, was officially released in 2018, and its growing acceptance across organizations like The Rock Trading, BitMEX, and Bitfinex is attributed to the ease and speed of transactions on the network with assured confidentiality.

Liquid Network was in the news recently after Samson Mow addressed its ability to become a fractional reserve, while talking about how one would audit that, whether there were not more L-BTC than Bitcoin itself.

According to Lina Seiche, Global Marketing Director at BTSE, the discussion however, drifted to Bitcoin and the future of financial transactions soon. She tweeted,

Commenting on the trajectory of the current financial system, Samson Mow said,

What we have built up by now is not sustainable, it is broken in many waysbut Bitcoin really does fix a lot of things. Because, without a solid foundation, we cannot really build anything its like a house of cards.

He added,

I think eventually nation-states will have to adopt [Bitcoin]. Yeah, they might be hostile to it, but hostility to Bitcoin is a double edged swordBitcoin allows you to make the transactions that people dont want you to make. Its essentially digital freedom.

Agreeing with WhalePandas suggestion that hyperbitcoinization is the end goal, Charlie Lee said that in his opinion, Bitcoin is the best form of money the world has ever seen. He also asserted that the days of fiat currencies were limited and that they are not likely to last much longer as cryptocurrencies will inevitably replace them.

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Bitcoin is the best form of money ever seen: Litecoins Charlie Lee - AMBCrypto

Litecoin Price Changed by 1.99 percent – ICO Brothers

As at 2019-11-05 average Litecoin price is 63.40280400 USD, 0.00676513 BTC, 0.33357181 ETH.

In this regard, 24 hour trading volume is 3165486143.86330000 USD or 337759.90848029 BTC. At the same time Litecoin market capitalization is 4033366713 USD or $430363 BTC.

Its noteworthy that is issued into circulation Litecoin.

Litecoin average change within 24 hour is 1.99 against USD, 3.26 against BTC, 0.8 against ETH. Weekly report: 5.59 against USD, 6.46 against BTC, 6.4 against ETH. Monthly report: 15.28 against USD, -1.66 against BTC, 4.4 against ETH.

Litecoin LTC/USDT on Binance exchange is 63.22. The trading volume on Binance is 33339319.00.

At the same time Litecoin LTC/EUR on Kraken exchange is 63.36. The trading volume on Kraken is 840625.00.

Litecoin LTC/USD on Bitfinex exchange is 63.49. The trading volume on Bitfinex is 3833677.00.

Litecoin LTC/USDT on Gate.io exchange is 63.20. The trading volume on Gate.io is 2855450.00.

Litecoin LTC/BTC on KuCoin exchange is 63.23. The trading volume on KuCoin is 248877.00.

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Litecoin Price Changed by 1.99 percent - ICO Brothers

Forget ChinaIs This The Real Reason Bitcoin, Ethereum, Litecoin, And Ripples XRP Bounced? – Forbes

Bitcoin has swung wildly this week, as many had expected it to, with it losing $1,000 per bitcoin a few days ago before suddenly shooting back up earlier today.

The bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 on Thursdayand heading fast towards the psychological $10,000 mark, according to the latest prices from Luxembourg-based exchange Bitstamp.

Elsewhere, other major cryptocurrencies ethereum, litecoin, Ripple's XRP, and bitcoin cash rallied between 7% and 23%, adding billions to the value of the combined cryptocurrency market.

The bitcoin price had been treading water for around a month before its extreme volatility this ... [+] week.

Many bitcoin and cryptocurrency market analysts pointed to comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology as the reason behind bitcoin's sudden rally.

China banned bitcoin and cryptocurrency exchanges in 2017 and some took Xi's blockchain comments as a sign the country could ease bitcoin and crypto restrictions.

"We must take the blockchain as an important breakthrough for independent innovation of core technologies," Xi reportedly said, speaking at the 18th collective study of the Political Bureau of the Central Committee in Beijing.

"[We must] clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation."

However, Xi's comments, which referred only to blockchain technology and not to bitcoin and cryptocurrencies, might not have been the driver behind bitcoin's recovery.

Following bitcoin's sudden drop earlier this week, bitcoin and crypto investors feared the worst wasn't over the for the market.

The bitcoin price has suddenly surged after a sell-off earlier this week, leaving many bitcoin and ... [+] crypto traders scratching their heads.

Facebook's chief executive Mark Zuckerberg was savaged by U.S. senators over his plans for a bitcoin rival dubbed libra and crypto investors are fretting there could be a global crackdown on bitcoin and other digital tokens.

Elsewhere, technical data pointed to a so-called "death cross" for bitcoin, while the Fear & Greed Index slumped and a Twitter reading of investor temperature was poor.

"Sentiment in the crypto market is very low right now," eToro senior market analyst Mati Greenspan wrote in a note to clients before the pump earlier today.

This sentiment slump meant investors bet against the bitcoin price, predicting it would move lower.

When the bitcoin price recovered a couple of hundred dollars per bitcoin in just a few minutes, some $150 million worth of short positions on the Seychelles-based BitMEX crypto exchange were liquidated, according to bitcoin and cryptocurrency analytics provider Skew.

This triggered what's known as a "short squeeze," where an asset rapidly increases in value due to short sellers trying to cover their positions, resulting in buying volume that drives the price up.

"Sentiment can change pretty quickly in this market, especially while volumes are low," Greenspan added in his earlier note.

A small uptick in the bitcoin price led to millions of dollars of bitcoin short positions being ... [+] liquidated.

Bitcoin volumes have been struggling recently, leaving the market especially vulnerable to so-called whales placing large orders or liquidating short positions.

Bitcoin trading volume among the top ten biggest bitcoin and crypto exchanges has fallen to under $200 million a day, according to bitcoin and crypto data company Messari, down 20-fold from a peak of $4 billion per day just a few months ago.

Adding to the market turnaround, bitcoin futures exchange Bakkt recorded a new all-time high in daily trading volume with 1156 futures contracts traded today.

It was Bakkt's lacklustre volumes that many believe triggered bitcoin's fall from its $10,000 plateau late last month.

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Forget ChinaIs This The Real Reason Bitcoin, Ethereum, Litecoin, And Ripples XRP Bounced? - Forbes

Latest Litecoin price and analysis (LTC to USD) – Yahoo Finance

Litecoin (LTC) experienced exponential growth earlier this year. Prior to mid-June, the altcoin was the best performing coin of 2019, growing more than 170% in fewer than 90 days and peaking at around $145.

However, a serious summer downtrend saw it tumble to around $49, where LTC is currently sitting.

Last week, Litecoin seemed to be recovering briefly touching $56 but over the past 48 hours LTC has lost more than 12%, tanking with the rest of the market.

Will Litecoin consolidate above $50?

LTC chart, by Trading View

As you can see from the chart above, Litecoin started to recover on September 29 a trend that only stopped around mid-October, when the price tanked from $60 to below $52 in under a week.

Due to the significant BTC dump which took place during late September, the altcoin market also suffered huge losses.

The reality is that the Litecoin halving, which took place a few months back, may have been a buy the rumour, sell the news type of event. Seasoned traders took profits weeks before it took place, much like history shows.

Looking at the EMAs, we can see the 50-day EMA has crossed the 200-day EMA to the downside as well as the 20-day EMA is still on a downtrend.

Last month, I mentioned I could not foresee the price growing without a reversal of the EMAs. In addition, volume really needs to pump to the upside, which doesnt seem to be happening. At the moment, volume is sitting close to $2,5 billion, marking a whopping 20% loss since last week.

Thinner volumes tend to result in more volatility, so do expect some price changes while volume continues to grow.

Finally, looking at the volume profile, Litecoin seems to have found support around the $49 region and will likely face some resistance around $56-$60, and then again near $64.

Ive shifted my position over the long-term and now I believe it may take longer for the pump towards $100 to take place. Much more likely, only after the BTC halving, taking place sometime in May 2020.

Recently, the Magical Crypto Friends show which is available on YouTube and features Litecoin founder Charlie Lee focused an entire program on Litecoin.

From Litecoin acting as a store of value to development updates, the show covered the most important discussions in the community.

Lee confirmed that the project is working on privacy improvements as well. The Litecoin development team is working with the Mimblewimble protocol, specifically the developers behind Grim, with a view to potentially adding the privacy protocol as an extension block.

According to Lee, it would work as follows:

All the miners are mining both the extension block and the main chain at the same time, after the soft-fork that is. So the Mimblewimble chain would go alongside the main chain and then you would have peg-in, peg-out, so you could move Litecoin into the other chain and back.

The goal would be to give Litecoin users improved privacy features when transacting.

Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins, and a different script-based algorithm.

Litecoin is one of the leading cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.

If you want to find out more information about Litecoin or cryptocurrencies in general, then use the search box at the top of this page. Heres an article to get you started:

Story continues

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Latest Litecoin price and analysis (LTC to USD) - Yahoo Finance

Bitcoin and Litecoin Skyrocket By Over 11% In Just Hours – UseTheBitcoin

Bitcoin (BTC) and Litecoin (LTC), two of the largest cryptocurrencies in the market are surging by over 11%.

The whole cryptocurrency market is experiencing gains in the last few hours. Despite the recent bearish weeks, cryptocurrencies seem to have gathered strength to start a new bull run.

According to data provided by CoinMarketCap, Bitcoin and Litecoin have surged above 11% in the last 24 hours.

The largest cryptocurrency is growing by 11.65% reaching and surpassing a market capitalization of $150.75 billion. At the same time, its price crossed the $8,350 barrier and it is currently close to $8,369.

In addition to it, Litecoin surged by over 12.44% during the same period and touching a price per coin of $56.38. Furthermore, Litecoins market capitalization increased to almost $3.6 billion.

These are not the only two cryptocurrencies registering gains in the last 24 hours. Indeed, Ethereum (ETH), XRP, Bitcoin Cash (BCH), EOS, Binance Coin (BNB), Bitcoin SV (BSV), Stellar Lumens (XLM), Tron (TRX) and Cardano (ADA) are also expanding.

Bitcoin SV, for example, surged by 21.44% followed by Bitcoin Cash (BCH) 14.44% and EOS 12.82%.

The whole cryptocurrency has been in a bearish mode during the last few weeks. Many experts considering that Bitcoin could fall below $7,400 and reach $6,500 the next support level.

In June 2019, Bitcoin was able to be traded above $13,700 and the whole crypto community was enthusiastic about the market and how fast it was expanding.

In May 2020, Bitcoin is expected to be experiencing a halving event. This would reduce the reward that miners receive for processing transactions and confirming blocks.

Miners will be receiving 6.25 BTC per block rather than 12.5 BTC per block as they receive now. This is expected to be a bullish thing for Bitcoin. In previous halving events, the most popular cryptocurrency experienced massive growth rates the year after the event took place.

This is very important considering that Bitcoins all-time high was reached back in 2017 in December when the whole space was purchasing tokens from Initial Coin Offerings (ICOs). After it, the whole market entered a bear trend that negatively affected the price of most of the cryptocurrencies.

Nowadays, the top 20 cryptocurrencies are working on interesting new projects to improve the services they offer to individuals all around the world.

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Bitcoin and Litecoin Skyrocket By Over 11% In Just Hours - UseTheBitcoin

You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon – U.Today

Amazon users can now buy goods with Bitcoin via theLightning Network because of a new startup called Moon.

According to TechCrunch, the company with a flashy name has just released a browser extensionthat will allow making payments on the biggest e-commerce platform.

You can use any Bitcoin wallet with the Lightning Network support in order to make instantaneous transactions. For instance,Electrum, one of the most widely used Bitcoin wallets, now supports the popular off-chain scaling solution.

Another option is to link the extension to your Coinbase account and make a payment with Bitcoin, Ethereum, or Litecoin while leveraging the API of the number one cryptocurrency exchange in the US.

While Overstock.com, Newegg and some other major retailers have already embraced crypto, Amazon is yet to move in this direction. Moon makes the magic happen by converting crypto to fiat without charging additional fees.

As of now, the service is only available in the US, but Moon soon plans to expand to other countries.

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You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon - U.Today

A bearish technical analysis for Bitcoin, Ethereum, XRP and Litecoin; but what if bullish? – CryptoSlate

Over the last 36 hours, the total crypto market capitalization plummeted nearly 11 percent. The sudden drop aligns with a number of bearish signs that can be seen across the weekly charts of the top cryptocurrencies by market cap. The following technical analysis will evaluate whether Bitcoin, Ethereum, XRP, and Litecoin are bound for a further retracement.

Bitcoin recently broke to the downside of a no-trade zone where it had been sitting for the past month. This trading range was set up between the $7,800 support level and the $8,600 resistance level. Now that BTC moved outside of it to hit a low of $7,300, a further drop is possible.

As a matter of fact, a death cross between the 7-week moving average and the 30-week moving average developed on BTCs 1-week chart. This is a bearish formation that estimates a trend change from bullish to bearish.

The last time this bearish pattern occurred on Bitcoins 1-week chart was in late-March 2018. The cross was followed by a 24 percent retracement that took this cryptocurrency from a high of $8,500 to a low of $6,400. Despite the downturn, BTC was able to find support around the 50-week moving average which served as a rebound point at the time.

Thus far, the recent death cross was able to trigger a spike in sell orders taking the price of Bitcoin down over 9 percent from the $7,800 support level. If the sell-off continues BTC could try to test the 50-week moving average that sits around $7,000.

Even though death crosses are considered extremely bearish patterns, there is still a chance that BTC will bounce off the 50-week MA like it did in early 2018.

At the moment, Bitcoin is on a red nine candlestick on its 1-week chart, per the TD sequential indicator. This is considered a buy signal that will be validated when a green two candlestick trades above a green one candle. Moving above $7,900 could be taken as the first confirmation that the buy signal will be validated. However, a move below $6,900 will invalidate the bullish outlook and BTC will possibly drop to around $6,300.

Ethereum also suffered a steep decline in its market valuation over the last 24 hours. This cryptocurrency went down from a high of $171.65 to a low of $152.50, representing an 11 percent correction. Although ETH was able to recover over 5 percent in the last few hours, the higher time frames are estimating further losses.

Like Bitcoin, a death cross is forming on Ethereums 1-week chart. The 7-week moving average is currently crossing below the 50-week moving average, which is a very bearish sign. If validated, ETH could soon test the next levels of support around $145, $123 or $109.

By measuring the Fibonacci retracement indicator from the low of $83 on Dec. 15, 2018, to the high of $363 on June 26, it appears that the death cross will be confirmed. ETH is currently trading around the 23.6 percent Fibonacci retracement zone. Moving below this level of support could take ETH to test the 16.18 percent Fibonacci retracement level that sits at $132.

Nonetheless, all of these bearish signs could be invalidated by a spike in buy orders that take Ethereum to trade above $180 or $192 where the 38.2 percent Fibonacci retracement level sits.

Despite plummeting over 14 percent, XRP continues trading within a no-trade zone between $0.24 and $0.30. The recent downward movement took this crypto to break an ascending parallel channel that formed on its 1-day chart since Sept. 26. Even though this can be seen as bearish, the odds of a bullish impulse are high.

This could be a result of the recent remarks made by Republican congressman Ted Budd who said this XRP is an actual cryptocurrency while Facebooks Libra is not. Additionally, Ripples annual conference Swell is around the corner and XRPs market value tends to increase exponentially in anticipation of this event.

An increase in volume may allow XRP to break outside of the current trading range where it sits. If this happens, this cryptocurrency could try to hit the next levels of resistance that sit around $0.38, $0.47 and $0.57.

Conversely, a spike in the selling pressure behind XRP could push it below the $0.24 support level. This could trigger a major sell-off taking it to the next levels of support around $0.19 and $0.17.

It is worth noting that the moving average convergence divergence (MACD), which is commonly used to follow the path of a trend and calculate its momentum, appears to be turning bullish on XRPs 1-week chart. As the 12-week exponential moving average starts to cross over the 26-week exponential moving average, the probability for an upswing increases.

Litecoins price behavior since July of the present year appears to be characterized by a series of bear flags developing on its 1-week chart. This technical pattern is considered a continuation pattern that forms after a significant correction, known as the flagpole, followed by a consolidation period, known as the flag, and tends to lead to a breakout in the same direction as the initial movement.

At the moment, LTC seems to be forming another bear flag that could see it drop to $38. This target is determined by measuring the height of the flagpole, which is approximately 27.50 percent.

The scenario presented by the bear flag could be confirmed if LTC closes below $49. This would signal a move down to the next level of support around $44 before it can get to $38. But, if Litecoin is able to trade above $58.60, the bear flag will be invalidated and it will likely surge to the next level of resistance around $64.

The overall sentiment of the market is currently bearish. However, there is some evidence that suggests that there is an increasing demand around the current price levels.

Bakkts Bitcoin futures contracts, for instance, saw a 6.5x increase in its trading volume worth over $4.8 million as the crypto market crashed. Moreover, Bitcoin is signaling a buying opportunity on its 1-week chart while XRP could try to reach higher highs in anticipation of Ripples Swell conference.

Under the current conditions, it will be wiser to wait for any of the cryptocurrencies previously analyzed to move above their resistance points before entering a bullish trade.

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A bearish technical analysis for Bitcoin, Ethereum, XRP and Litecoin; but what if bullish? - CryptoSlate

Litecoin price analysis: LTC/USD resumes the uptrend – FXStreet

The weekend love for cryptocurrencies seems to be getting into action. Bulls across the board are trying to throwjabs after being largely suppressed On Friday. Litecoin, for example, is yet again re-starting the journey towards to $60 (key supply) zone once again. This comes after yesterdays declines found support at $53.

Its immediate upside is capped at the 38.2% Fib retracement level taken between the last swing high of $59.89to a swing low at $51.18. Also in the way of movement north is the 50 Simple Moving Average (SMA) on the one-hour chart.

The Relative Strength Index (RSI) is staying above the average (50) to show that bullish pressure is increasing. Litecoins downside is supported initially by the 21 SMA. The next support target is $53 (Fridays support). The ascending channel will come in handy if losses progress further. However, the key support lies withinthe zone at $50 - $52.

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Litecoin price analysis: LTC/USD resumes the uptrend - FXStreet

Litecoin set to breach ascending triangle as buying pressure rises – AMBCrypto

The cryptocurrency space finally saw some bullish price action because of which Bitcoin and major altcoins prices traded in green after weeks. Litecoin, the sixth-largest cryptocurrency was trading at $55.11 at press time after rising by 2,95% on the 24-hour price chart.

The altcoin was set for bullish year as due to the impending block reward halving, however contrary to general believe its price started to crumble right before the halving event in August and it has been on a constant decline ever since.

4-Hour Price Chart

Litecoin formed an ascending triangle on the 4-hour price chart which is characterized by the formation of a constant high which formed at $55.18, and series of higher lows meeting the ascending triangle at $51.24, $52.12, and $53.05. The formation of an ascending triangle is considered bullish as a breach from the pattern often takes place in the upward direction.

The ema-ribbon suggested that the price volatility of litecoin was on the decline and the ribbon was moving from acting as a resistance to forming a support for the prices, which is considered a bullish sign.

The RSI indicator suggested that the buyers held a strong position starting on October 20th and the buying pressure might increase further if the altcoin managed to breach the ascending triangle. MACD indicator had a bullish crossover on 17th October and it has maintained its bullish position since then. Thus, all technical indicators suggested a bullish sentiment in the market in the short term.

Conclusion

Litecoin formed an ascending triangle pattern on the 4-hour chart which is considered bullish, the ema-ribbon was in a transition phase moving from acting as resistance toward forming support. RSI indicator suggested buying pressure was high in the short-term market. Thus, Litecoin looked bullish in the short term.

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Litecoin set to breach ascending triangle as buying pressure rises - AMBCrypto

Litecoin looks to gain movement with potential inverted bart formation – AMBCrypto

Litecoin was pegged to boom this year, given the historical block reward halving which took place on August 4th; but in contrast, the silver altcoin failed to see its price climb. Soon after, the altcoin saw the formation of death cross on 30th August which is considered highly bearish as it indicated the potential for a massive sell-off.

At press time Litecoin was trading at $53.61 with a minute gain of 0.95% in the last 24 hours. The altcoin had a total market cap of over $3 billion.

1-Day Price Chart

Source: LTC/USD on TradingView

On the 1-day price chart, Litecoin looked to form a potential inverted Bart pattern, as its price has been moving sideways since the massive fall on 24th September. An inverted Bart pattern would be complete if the altcoin manages to see an upward trend and close around the $73.71 mark.

The 200-day moving average has been acting as a resistance for the price since the death cross formation on 30th August. The 50-day moving average has been moving below the 200-day moving average. In a short time, it might act as a support if Litecoin manages to close the inverted Bart pattern.

The volume has been on a constant decline since 24th September which might be a sign for a short-term bullish burst.

MACD line has been moving above the signal line since 7th October, suggesting a dominant bullish sentiment, leading way to a belief that one might see an uptick in Litecoins price if it managed to close inverted Bart pattern.

Conclusion

Litecoin might see a bullish bust in the short term with a potential inverted Bart pattern formation, the 50-day moving average might act as a support for the altcoin if it manages to close the inverted Bart. MACD indicator suggested bullish sentiment was dominant.

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Litecoin looks to gain movement with potential inverted bart formation - AMBCrypto

Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 06/10/19 – Yahoo Finance

Bitcoin Cash ABC Sees Red Again

Bitcoin Cash ABC fell by 0.04% on Saturday. Following on from a 0.40% decline on Friday, Bitcoin Cash ABC ended the day at $221.64.

A bearish start to the day saw Bitcoin Cash ABC slide from an early morning high $221.73 to a mid-morning low $219.22.

Steering clear of the major support and resistance levels, Bitcoin Cash ABC recovered to $220 levels. A second sell-off saw Bitcoin Cash ABC fall to an early afternoon intraday low $219.03 before finding support.

Holding above the first major support level at $218.26, Bitcoin Cash ABC bounced back to a late intraday high $222.31.

A final hour pullback left Bitcoin Cash ABC back at $221 levels at the day end.

At the time of writing, Bitcoin Cash ABC was down by 0.80% to $219.87. Another bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $222.09 to a low $219.87.

Falling short of the first major resistance level at $222.96, Bitcoin Cash ABC came within range of the first major support level at $219.68.

For the day ahead, a move back through to $221 levels would support another run at the first major resistance level at $222.96.

Bitcoin Cash ABC would need the support of the broader market, however, to break out from the morning high $222.09.

Barring a broad-based crypto rally, we would expect Bitcoin Cash ABC to fall short of the second major resistance level at $224.27.

Failure to move back through the $221 levels could see Bitcoin Cash ABC slide through the first major support level at $219.68.

Barring an extended sell-off through the day, however, we would expect Bitcoin Cash ABC to steer clear of sub-$218 support levels.

Litecoin rose by 0.69% on Saturday. Following on from a 0.12% gain on Friday, Litecoin ended the day at $56.85.

Tracking the broader market, Litecoin fell from an early morning high $56.81 to an early afternoon intraday low $55.68.

Holding above the first major support level at $55.33, Litecoin bounced back to an early afternoon intraday high $57.45.

The afternoon rally saw Litecoin come within range of the first major resistance level at $57.59 before easing back $55 levels.

Finding support late in the day, Litecoin moved back to $56 levels to end the day in the green.

At the time of writing, Litecoin was down by 1.99% at $55.72. A particularly bearish start to the day saw Litecoin slide from an early morning high $56.96 to a mid-morning low $55.50.

Falling short of the major resistance levels, Litecoin fell through the first major support level at $55.87.

For the day ahead, a move back through the first major support level to $56.70 levels would support a bullish move.

Litecoin would need the support of the broader market, however, to break back through the $57 levels.

Barring a broad-based crypto rebound, we would expect Litecoin to fall short of the first major resistance level at $57.64.

Failure to break back through the first major support level to $56.70 levels could see Litecoin fall deeper into the red.

A fall through the morning low $55.50 would bring the second major support level at $54.89 into play.

Barring a crypto meltdown, we would expect Litecoin to steer clear of sub-$54 support levels on the day.

Story continues

Ripples XRP rose by 0.36% on Saturday. Following on from a 2.27% rally on Friday, Ripples XRP ended the day at $0.25434.

A mixed start to the day saw Ripples XRP rise to an early morning high $0.25620 before falling to a late morning low $0.25151.

In spite of the choppy start, Ripples XRP left the major support and resistance levels untested through the morning.

In the 2nd half of the day, Ripples XRP rallied to a late afternoon intraday high $0.25771.

Falling short of the first major resistance level at $0.2592, Ripples XRP slid to a late intraday low $0.24552.

The pullback saw Ripples XRP fall through the first major support level at $0.2467 before recovering to $0.25 levels.

At the time of writing, Ripples XRP was down by 0.41% to $0.25329. A relatively choppy morning saw Ripples XRP fall to an early morning low $0.25161 before finding support.

Steering clear of the major support levels, Ripples XRP bounced back to a mid-morning high $0.25636.

In spite of the morning rally, Ripples XRP fell short of the first major resistance level at $0.2595 early on.

For the day ahead, Ripples XRP would need to steer clear of sub-$0.2530 levels to support an afternoon recovery.

A move back through to $0.2550 levels would bring the first major resistance level at $0.2595 into play.

Barring a broad-based crypto rally, however, Ripples XRP would likely fall short of $0.26 levels for a 4th consecutive day.

Failure to steer clear of sub-$0.2530 levels could see Ripples XRP struggle throughout the day. A fall through to $0.2510 levels would bring the first major support level at $0.2473 into play before any recovery.

Barring an extended sell-off through the day, Ripples XRP should steer clear of the second major support level at $0.2403.

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 06/10/19 - Yahoo Finance

Latest Litecoin price and analysis (LTC to USD) – Yahoo Finance

Litecoin (LTC) experienced exponential growth earlier this year. Prior to mid-June, the altcoin was the best performing coin in 2019, growing more than 170% in less than 90 days and peaking at around $145.

However, a serious summer downtrend saw the altcoin drop to around $63 by the start of September.

A couple of weeks ago, LTC seemed to be recovering and was trading close to its 200-day EMA at around $73. Since then though, it has dropped a whopping 32% to around $50, accompanying the overall market decline.

Earlier this week, Litecoin recovered to around $55, where price is currently sitting. Over the past 24 hours, LTC hasnt moved much in either direction.

Has the altcoin reached its bottom? Lets take a look at the chart.

As you can see from the chart above, Litecoin started to recover on September 29 after the market meltdown and has since been on a positive trend albeit still far below its 20-day EMA.

Due to the significant BTC dump which took place last month, the altcoin market suffered massive losses as well.

The recent price action will certainly be disappointing to avid followers of the project, especially those who were tipping Bitcoins silver to eclipse new all-time highs following the halving event.

The reality is that the halving may have been a buy the rumour, sell the news type of event, with seasoned traders taking profits weeks before the event took place.

Looking at the EMAs, we can see the 50-day EMA has also crossed the 100-day EMA to the downside, meaning the bearish momentum will most likely continue for the time being while LTC consolidates.

Last week, I mentioned I could not foresee price growing without a reversal of the EMAs, plus volume really needs to pump to the upside. At the moment, it is sitting close to $1.9 billion, marking a whopping 52% drop since last month.

Thinner volumes tend to result in less volatility, so do not expect many price changes while volume remains below the $2 billion mark.

Finally, Litecoin seems to have found support around the $52 region and will likely face some resistance around $63-$64, looking at the volume profile.

Regardless, I still expect LTC to consolidate before pumping over the $100 mark again towards the end of the year.

Recently, the Magical Crypto Friends show which is available on YouTube and features Litecoin founder Charlie Lee focused an entire program on Litecoin.

From Litecoin acting as a store of value to development updates, the show covered the most important discussions in the community.

Lee confirmed that the project is working on privacy improvements as well. The Litecoin development team is working with the Mimblewimble protocol, specifically the developers behind Grim, with a view to potentially adding the privacy protocol as an extension block.

According to Lee, it would work as follows:

All the miners are mining both the extension block and the main chain at the same time, after the soft-fork that is. So the Mimblewimble chain would go alongside the main chain and then you would have peg-in, peg-out, so you could move Litecoin into the other chain and back.

The goal would be to give Litecoin users improved privacy features when transacting.

Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins, and a different script-based algorithm.

Story continues

Litecoin is one of the leading cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.

If you want to find out more information about Litecoin or cryptocurrencies in general, then use the search box at the top of this page. Heres an article to get you started:

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.

The post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.

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Latest Litecoin price and analysis (LTC to USD) - Yahoo Finance

Litecoin-Bitcoin Correlation Recovers Two Months After the Halving – BeInCrypto

Litecoin, the silver to Bitcoins gold, had recently gone through the block halving event, resulting in extreme price swings.

The cryptocurrency market, in general, is highly correlated, with most crypto assets following Bitcoins price movements. However, network-specific events like the block reward halving introduce individual price variation action.

If the block halving saw Litecoin deviate from the rest of the market, it looks like its correlation to Bitcoin is increasing once again.

For Litecoin, the halving took place in August when the block reward for miners dropped 25 to 12.5 LTC. Built into the code of Litecoin, Bitcoin, and other Proof-of-Work coins, the event creates forced scarcity in the market.

With less LTC to go around, and less being rewarded to miners, the value of each individual asset should increase. Investor interest in the coin peaked in the lead up to the event. If at the beginning of 2019, LTC was around $30, prices hit $150 in late June as investors speculated on the coming reduction of the supply emission.

However, rather than a further price spike, the market for LTC reversed, sending both its price and hashrate into a downward spiral, as BeInCrypto has previously reported. As data suggests, the halving speculation ride has sent BTC and LTC different ways, and the correlation between the two assets has decreased significantly.

Two months after the halving, most recent data points indicate that over the past week, the correlation between Bitcoin and Litecoin has picked up again, increasing from 0.7 to 0.93.

If the block reward halving has thrown the Litecoin network into a rollercoaster, it looks like it is starting to stabilize alongside hashrate and price.

Prices in the cryptocurrency space are susceptible to major milestones and events around individual networks. With the Bitcoin halving right around the corner, everyone will be closely monitoring how the price action develops, and whether altcoins like Litecoin will be able to follow the market leader.

What do you make of the increase in the correlation between the two assets? Did the Litecoin network stabilize, or is this only temporary? Share your thoughts in the comments!

Images are courtesy of Twitter, Shutterstock.

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Litecoin-Bitcoin Correlation Recovers Two Months After the Halving - BeInCrypto

Litecoin price analysis: LTC/USD bulls reclaim $56 support amid growing demand across the market – FXStreet

The cryptocurrency market is currently reviving the trend following minor corrections from what analysts regard as a fake. Litecoin is flexing its bullish muscles after failing to impress the investors over the last couple of days.

On Wednesday, Litecoin is up 1.61% after opening the session at $55.78. A bullish action touched highs around $56.74. At the time press, LTC/USD is trading at $56.66 while the bulls look forward to blasting through $60. Still pressing down on the price is the descending trendline resistance.

Although LTC is still trading below the simple moving averages, the double-cross of the 50 SMA on the hourly chart under the 100 SMA signals that the technical picture is improving gradually. Moreover, the relative strength index (RSI) is also above the oversold levels (70) and pointing upwards. In the event, a breakout above $60 fails to materialize and a reversal occurs, the recent support at $50 will come in handy.

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Litecoin price analysis: LTC/USD bulls reclaim $56 support amid growing demand across the market - FXStreet


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