12345...10...


Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 9th, 2020 – Yahoo Finance

Litecoin

Litecoin rallied by 4.47% on Wednesday. Reversing a 1.54% fall from Tuesday, Litecoin ended the day at $45.33.

A mixed start to the day saw Litecoin fall to an early morning intraday low $43.11 before making a move.

Steering clear of the first major support level at $42.65, Litecoin rallied to a late intraday high $45.63.

Litecoin broke through the first major resistance level at $44.27 and the second major resistance level at $45.18.

The second major resistance level at $45.18 delivered support late in the day.

At the time of writing, Litecoin was down by 0.93% to $44.91. A bearish start to the day saw Litecoin fall from an early morning high $45.42 to a low $44.75.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to avoid a fall through the $44.69 pivot to support a run at the first major resistance level at $46.27.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesdays high $45.63.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $44.69 pivot would bring the first major support level at $43.75 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.17.

Major Support Level: $43.75

Major Resistance Level: $46.27

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen jumped by 15.61% on Wednesday. Following on from a 2.76% gain on Tuesday, Stellars Lumen ended the day at $0.08537.

It was a particularly bullish day. Stellars Lumen rallied from an early morning intraday low $0.073852 to a late intraday high $0.085486.

Stellars Lumen broke through the days major resistance levels to hit its highest level since $0.086 on 4th June.

At the time of writing, Stellars Lumen was up by 1.32% to $0.086510. A mixed start to the day saw Stellars Lumen fall to an early morning low $0.084334 before striking a high $0.086979.

Stellars Lumen left the major support and resistance levels untested early on.

Stellars Lumen would need to avoid a fall through the $0.08157 pivot to support a run at the first major resistance level at $0.08929.

Story continues

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.086979.

Barring another broad-based crypto rally, the first major resistance level at $0.08929 would likely limit any upside.

Failure to avoid a fall through the $0.08157 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.080 levels would bring the first major support level at $0.07766 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should avoid sub-$0.080 levels.

Major Support Level: $0.07766

Major Resistance Level: $0.08929

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 4.64% on Wednesday. Recovering from Tuesdays 4.81% slide, Trons TRX ended the day at $0.017942.

It was a mixed start to the day. Trons TRX fell to an early morning intraday low $0.016865 before making a move.

Finding support at the first major support level at $0.01686, Trons TRX rallied to a late afternoon intraday high $0.018168.

Trons TRX broke through the first major resistance level at $0.01790 to revisit $0.018 levels before easing back.

While finding support at the first major resistance level, Trons TRX failed to wrap up the day at $0.018 levels.

At the time of writing, Trons TRX was down by 1.09% to $0.017747. A bearish start to the day saw Trons TRX fall from an early morning high $0.017960 to a low $0.017715.

Trons TRX tested the first major support level at $0.01686 early on.

Trons TRX would need to avoid a fall through the $0.01766 pivot level to support a run at the first major resistance level at $0.01845.

Support from the broader market would be needed, however, for Trons TRX to break out from Wednesdays high $0.018168.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $0.01766 pivot level would bring the first major support level at $0.01715 into play.

Barring an extended crypto sell-off, Trons TRX should steer clear of sub-$0.017 levels. The second major support level sits at $0.01636.

Major Support Level: $0.01715

Major Resistance Level: $0.01845

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

The rest is here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 9th, 2020 - Yahoo Finance

If Crypto Traders Abandoned Litecoin Why Are Investors Hoarding LTC? – Cointelegraph

Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee to admit 2019 saw a historic low in the number of developers working on Litecoin Core, the software behind network nodes.

The beginning of 2020 was no different and Charlie Lee asked for voluntary LTC miner donations to help boost development funding. Uncertainties regarding Litecoin's future have caused investors to lose interest in the project and this is reflected both on-chain and in LTCs trading metrics.

The interesting thing is, even though most would consider investors disinterest a negative driver, some have been quietly hoarding LTC.

Volume is the single most relevant indicator of traders' interest and Litecoin has been failing miserably in this area. Traded volume on major exchanges has been trending down for the past twelve months and has recently dropped to its lowest level in two years.

Litecoin 30-day average volume. Source: TradingView

Litecoin ranks third on Nomic transparent trading volume at $80 million per day. This is 50% above Bitcoin Cash (BCH), and EOS but the figure remains 45% below the previous eleven months when there was $146 million in daily volume on average.

A number of reasons could be behind the drastic change and it should be noted that even lower activity on exchanges does not necessarily translate to less blockchain usage, that has been the case.

On-chain metrics provide realistic insights into transfers, fees, active addresses, and many useful indicators that will be of interest to traders.

Transfer value is a leading on-chain indicator measuring user activity as it adds up all coins moved daily. CoinMetrics analysis provides more precise data by adjusting these figures to exclude mixers and transactions between the same entities.

Litecoin daily adjusted transfer sum 14-day average. Source: CoinMetrics

Daily adjusted transfers have been hovering around $20 million which is 83% below peak 2019 levels. The current level is comparable to Tezos (XTZ), a much newer and smaller cryptocurrency whose primary use-case has nothing to do with fast or cheap transactions.

Charlie Lee's proposal included smaller block intervals than Bitcoin (BTC) and a simpler algorithm which removed the signature from the original data for a higher transaction output.

Such a move might have brought substantial interest in Litecoin (LTC) in the past but it is no longer valid as users became aware that 270 confirmations were required to match the computing power behind 3 Bitcoin mined blocks, according to Luke Childs' How Many Confirmations analysis.

Litecoin mean fees per transaction 14-day average (USD). Source: Coinmetrics

LTCs mean fees per transaction dropped to $0.011 which is the lowest level since October 2015. Although many reasons could be behind this, including 75% SegWit usage, the previous daily transfer value analysis points to weak demand from its users.

While Bitcoins median block size exceeds 1.2 megabytes most of the time, Litecoin averages below 0.2 megabytes despite both having similar capacity.

Low usage translates to small fees, reducing miners' interest and resulting in a negative feedback loop as investors pay attention to the processing power behind each blockchain.

Litecoin hashrate. Source: CoinWarz

The Litecoin hashrate decreased by 45% since its October 2019 halving, which usually raises concerns of 51% attacks. This unused processing power capability could theoretically be used to compete with honest miners.

Either way, there's no positive read of fewer miners directing investments towards Litecoin. Unlike trading, mining activity is exclusively a long-term commitment as the payout usually exceeds a quarter and sometimes an entire year.

After so many negative indicators, one would expect holders' activity to display weakness as both the price and network usage have been trending down for over a year.

One could also mention the lackluster performance of recent code advancements, including the MimbleWimble-technology privacy capability proposed in October 2019.

Litecoin unspent UTXO age. Source: Investificar.com.br

Oddly enough, the opposite holds, as 63.8% of Litecoin supply remains untouched in the past 12 months. In fact, this is the highest level ever.

According to the above Hodl Wave chart, also known as the UTXO age distribution chart, the percentage of coins that haven't moved is increasing at an extraordinary pace.

The number of coins unmoved for 12 or more months at the beginning of 2020 stood at 56.7%. This additional 7% held by long term-investors is currently valued at $209 million which is enough to acquire 30% of the entire DASH supply.

There's no way to assure the rationale behind such hoarding activity, but its impact over circulating supply is a net positive.

This activity doesn't change the fact that the same amount of LTC will continue to be mined every day until next halving in 2023, nevertheless it provides a critical price support level.

Recently, investors have been speculating about a potential Litecoin integration with Cardano (ADA) and if true, this could be a bullish factor for Litecoin.

There is also the possibility of a crypto-market bull trend occurring and as investors begin to speak about an alt season starting, Litecoin might face increased odds of large pumps as long-term investors tend to be less tempted to sell at the first price move.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Go here to see the original:

If Crypto Traders Abandoned Litecoin Why Are Investors Hoarding LTC? - Cointelegraph

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 6th, 2020 – Yahoo Finance

Litecoin

Litecoin fell by 1.31% on Sunday. Reversing a 0.22% gain from Saturday, Litecoin ended the week up by 0.60% to $41.59.

A mixed start to the day saw Litecoin rise to an early morning intraday high $42.22 before hitting reverse.

Litecoin broke through the first major resistance level at $42.55 before hitting reverse.

The reversal saw Litecoin slide to a late intraday low $40.75.

Litecoin fell through the first major support level at $41.08 before recovering to $41.5 levels.

At the time of writing, Litecoin was up by 0.46% to $41.78. A mixed start to the day saw Litecoin fall to an early morning low $41.53 before rising to a high $41.82.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to avoid a fall through the $41.5 pivot to support a run at the first major resistance level at $42.29.

Support from the broader market would be needed, however, for Litecoin to break back through to $42 levels.

Barring another crypto rally, the first major resistance level and Sundays high $42.22 would likely cap any upside.

Failure to avoid a fall through the $41.15 pivot would bring the first major support level at $40.82 into play.

Barring an extended crypto sell-off, Litecoin should steer clear of sub-$40 levels. The second major support level at $40.05 should limit any downside.

Major Support Level: $40.82

Major Resistance Level: $42.29

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 0.95% on Sunday. Reversing a 0.61% gain from Saturday, Stellars Lumen ended the week up by 4.40% to $0.067170.

A mixed start to the day saw Stellars Lumen rise to an early morning intraday high $0.067813 before taking a hit.

Coming up short of the first major resistance level at $0.06860, Stellars Lumen fell to a late intraday low $0.065227.

Stellars Lumen fell through the first major support level at $0.06684 and the second major support level at $0.06588.

Finding late support, Stellars Lumen move back through the major support levels to wrap up the week at $0.067 levels.

At the time of writing, Stellars Lumen was down by 0.12% to $0.067092. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.067239 to a low $0.067092.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.06675 pivot to support a run at the first major resistance level at $0.06824.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Sundays high $0.067813.

Barring another broad-based crypto rally, the first major resistance level and Sundays high would likely limit any upside.

Failure to avoid a fall through the $0.06675 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.066 levels would bring the first major support level at $0.06565 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.06415.

Major Support Level: $0.06565

Major Resistance Level: $0.06824

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rose by 0.79% on Sunday. Following on from a 1.06% gain on Saturday, Trons TRX ended the week up by 7.56% to $0.016983.

Tracking the broader market, Trons TRX rose to an early morning high $0.016850 before hitting reverse.

Falling short of the first major resistance level at $0.01694, Trons TRX slid to a late morning intraday low $0.016355.

Trons TRX fell through the first major support level at $0.01661 and the second major support level at $0.01643.

A choppy 2nd half of the day saw Trons TRX fall back from $0.0166 levels to sub-$0.0164 levels before a late rebound. The rebound saw Trons TRX strike an intraday high $0.017001 before easing back.

Trons TRX broke through the first major resistance level at $0.01694 in the final hour.

At the time of writing, Trons TRX was up by 3.87% to $0.017639. A particularly bullish start to the day saw Trons TRX rally from an early morning low $0.016980 to a high $0.017649.

Trons TRX broke through the first major resistance level at $0.01720 and the second major resistance level at $0.01743 early on.

Trons TRX would need to avoid a fall back through the second major resistance to support a run at the third major resistance level at $0.01807.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.018 levels.

Barring an extended crypto rally, the third major resistance level would likely cap any upside.

Failure to avoid a fall through the second major resistance level would bring sub-$0.017 levels back into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of the first major support level at $0.01656.

Major Support Level: $0.01656

Major Resistance Level: $0.01720

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Here is the original post:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 6th, 2020 - Yahoo Finance

Litecoin (LTC) Down $0.23 On 4 Hour Chart, Started Today Down 0.18%; in an Uptrend Over Past 14 Days – CFDTrading

Litecoin 4 Hour Price Update

Updated July 11, 2020 11:18 AM GMT (07:18 AM EST)

Litecoin is down 0.52% ($0.23) since the previous 4 hours, marking a reversal from the candle prior and the end of a 3 four-hour candle positive run. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

Litecoin is down 0.18% ($0.08) since the previous day, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 36.48% from previous day, but up 64.94% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Notably, the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Litecoins price has gone down 16 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

@Cardano_Guy @CryptoIRELAND1 @litecoin @IOHK_Charles @_Cardano_ADA @HukAleksandra @TheCryptoLark Completely agree. Co-operation is what is required in the eco-system. Lets get rid of these squabbles and start to build the future; as long as were part of the ecosystem; after all, thats why this is blockchain 3.0

It seems like the spirit of the Cypherpunk Manifesto is in favor of experimentation and sharing of code to make a better world so forks & alts fit that.Again very different story if there was a fundraise that changes things a lot Im talking Litecoin, Monero etc.

This cryptocurrency, Dogecoin: shit started as a joke back in 2013, right?actually a pretty solid crypto with a silly name attached to it running on a similar code as Litecoin without a cap so its very volatile/reliable & low exchange fees

Originally posted here:

Litecoin (LTC) Down $0.23 On 4 Hour Chart, Started Today Down 0.18%; in an Uptrend Over Past 14 Days - CFDTrading

Cardano’s ADA is Either #6 or 7 By Market Capitalization Depending on Who Counts – Cointelegraph

Cardanos ADA recently overtook Litecoin (LTC) in market capitalization. Now it may have passed Bitcoin Satoshi Vision (BSV) as well, depending on how the metric is calculated.

BCH, BSV, ADA & LTC. Source: CoinMarketCap.

At the time of this writing, CoinMarketCap, or CMC, shows ADA in seventh spot, while Nomics has it at sixth - just ahead of BSV. The controversy stems from the circulating supply - CMC reports 25,927,070,538, while Nomics has the figure at 31,112,484,646. This represents a five billion ADA discrepancy. Blockchair, a blockchain search and analytics engine, agrees with Nomics.

Nomics CTO Nick Gauthier pointed out that the difference comes from the fact that his company includes ADAs allocated to the Cardano Foundation, IOHK, and Emurgo in the circulating supply, while, apparently CMC does not. According to a cached copy of the Cardano Foundation website, the three entities were given 648,176,761, 2,463,071,701 and 2,074,165,644 ADA tokens respectively. These numbers add up to 5,185,414,106 - precisely the difference between the amount reported by various data providers. Based on the current ADA price, these tokens are worth about $590 million.

The question still arises of whether these tokens should be included in the circulating supply. This should probably depend on the lockup mechanisms, if any, for the tokens remaining with those organizations. Presumably, some of the tokens have been spent and thus have become part of the circulating supply. The updated version of the site does not have any information on token distribution.

Cointelegraph reached out to IOHK for clarification, but did not receive a response in time for publication.

The ADA spring bull run. Source: Nomics.

Regardless of the circulating supply issue, ADA has been on a remarkable bull run that ensued after Black Thursday. On March 11. At that time, the price of ADA was $0.024; as of this writing, it is $0.114. The difference represents a 475% appreciation. It is still far below its all-time high of $1.16, set in January 2018.

IOHK, the Cardano development company, has reached a number of key milestones and public announcements during this time. The biggest news was the launch of the Shelley mainnet. Around the same time, a decentralized identity solution, Atala PRISM, was unveiled. There was also news about ADA holders being able to stake their coins while in Coinbase custody, and speculation on the likelihood of it being listed on the exchange by the end of 2020.

This momentum also comes on the heels of the Cardano Virtual Summit. According to Charles Hoskison was bigger than Consensus, having been a host to more than 10,000 guests.

Read more from the original source:

Cardano's ADA is Either #6 or 7 By Market Capitalization Depending on Who Counts - Cointelegraph

The Crypto Daily Movers and Shakers July 13th, 2020 – FX Empire

Bitcoin, BTC to USD, rose by 0.76%% on Sunday. Reversing a 0.63% decline from Saturday, Bitcoin ended the week up by 2.50% to $9,315.8.

It was a mixed start to the day for Bitcoin. Bitcoin fell from an early morning high $9,303.8 to a late morning low $9,251.2 before finding support.

Steering clear of the major support and resistance levels, Bitcoin rallied to an early afternoon intraday high $9,368.4.

Breaking through the first major resistance level at $9,305.37 before hitting reverse. Coming up against the second major resistance level at $9,364.43, Bitcoin slid to a late intraday low $9,175.0.

Bitcoin fell through the first major support level at $9,193.67 before bouncing back to $9,340 levels.

The rebound saw Bitcoin break back through the first major resistance level at $9,305.37 to wrap up the day in the green.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day on Sunday.

Tezos rallied by 4.97% to lead the way on Sunday.

Binance Coin (+4.03%), Bitcoin Cash SV (+1.73%), Cardanos ADA (+1.45%), Ethereum (+1.52%), Moneros XMR (+0.82%), Ripples XRP (+0.18%), and Stellars Lumen (+0.37%) also saw green.

It was a bearish end to the week for the rest of the majors.

Bitcoin Cash ABC (-0.40%), EOS (-0.19%), Litecoin (-0.07%), and Trons TRX (-0.85%) saw red.

For the week,

Stellars Lumen led the way, surging by 41.84%.

Binance Coin (+18.26%), Bitcoin Cash SV (+19.58%), Cardanos ADA (+29.24%), Ripples XRP (+13.79%), and Tezos (+23.31%) also made solid gains.

Bitcoin Cash ABC (+6.20%), EOS (+8.78%), Ethereum (+6.67%), Litecoin (+7.50%), Moneros XMR (+9.32%), and Trons TRX (+7.24%), trailed the front runners.

In the week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $268.46bn.

Bitcoins dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoins dominance stood at 63.60%.

Visit link:

The Crypto Daily Movers and Shakers July 13th, 2020 - FX Empire

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 8th, 2020 – Yahoo Finance

Litecoin

Litecoin fell by 1.54% on Tuesday. Partially reversing Mondays 5.87% rally, Litecoin ended the day at $43.37.

A mixed start to the day saw Litecoin rise to an early morning intraday high $44.46 before hitting reverse.

Falling short of the first major resistance level at $45.03, Litecoin slid to a late intraday low $42.84.

Steering clear of the first major support level at $42.28, Litecoin recovered to $43 levels to limit the downside.

At the time of writing, Litecoin was down by 0.30% to $43.24. A bearish start to the day saw Litecoin fall from an early morning high $43.41 to a low $43.11

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to move through the $43.56 pivot to support a run at the first major resistance level at $44.27.

Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels.

Barring another crypto rally, the first major resistance level and Tuesdays high $44.46 would likely cap any upside.

Failure to move through the $43.56 pivot would bring the first major support level at $42.65 into play.

Barring an extended crypto sell-off, however, Litecoin should continue to steer clear of sub-$41 levels. The second major support level at $41.94 should limit any downside.

Major Support Level: $42.65

Major Resistance Level: $44.27

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 2.76% on Tuesday. Following on from a 6.86% rally on Monday, Stellars Lumen ended the day at $0.07376.

A mixed start to the day saw Stellars Lumen fall to an early morning intraday low $0.070312 before finding support.

Steering clear of the first major support level at $0.06837, Stellars Lumen rallied to a late intraday high $0.074290.

Stellars Lumen broke through the first major resistance level at $0.07368. In spite of a late pullback, Stellars Lumen avoided a fall back through the first major resistance level.

At the time of writing, Stellars Lumen was up by 0.14% to $0.073861. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.073852 to a high $0.073861.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.07280 pivot to support a run at the first major resistance level at $0.07526.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Tuesdays high $0.074290.

Barring another broad-based crypto rally, the first major resistance level at $0.07526 would likely limit any upside.

Failure to avoid a fall through the $0.07280 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.072 levels would bring the first major support level at $0.07128 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.070 levels. The second major support level sits at $0.06881.

Major Support Level: $0.07128

Major Resistance Level: $0.07526

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX slid by 4.81% on Tuesday. Reversing most of Mondays 6.53% rally, Trons TRX ended the day at $0.01726.

It was a mixed start to the day. Trons TRX rallied to an early morning intraday high $0.018150 before hitting reverse.

Falling short of the first major resistance level at $0.018520, Trons TRX slid to a late intraday low $0.017111.

Trons TRX fell through the first major resistance level at $0.01732 before finding support. A move back through to $0.01720 levels reduced the deficit on the day.

At the time of writing, Trons TRX was down by 1.41% to $0.017018. A bearish start to the day saw Trons TRX fall from an early morning high $0.017146 to a low $0.016865.

Trons TRX tested the first major support level at $0.01686 early on.

Trons TRX would need to move through the $0.01750 pivot level to support a run at the first major resistance level at $0.01790.

Support from the broader market would be needed, however, for Trons TRX to break out from $0.01750 levels.

Barring an extended crypto rally, the first major resistance level at $0.01790 would likely cap any upside.

Failure to move through the $0.01750 pivot level would bring the first major support level at $0.01686 back into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of the second major support level at $0.01647

Major Support Level: $0.01686

Major Resistance Level: $0.01790

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Originally posted here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 8th, 2020 - Yahoo Finance

Litecoin Reaches Overbought Region at $46, May Face Selling Pressure – Coin Idol

Jul 10, 2020 at 10:56 // News

Litecoin had earlier shot upward in its recent rebound. The price is retracing after reaching a high of $46.

In its earlier uptrend, the coin has been trapped between $41 and $42 for over a week before the eventual breakout. The price broke the $42 resistance and rallied to $46 high. The rally could not reach the $50 overhead resistance because the coin reached the overbought region of the market. In the overbought region, there was a bearish reaction.

The crypto fell to $44 low and resumed a fresh uptrend. The new uptrend is facing penetration difficult at the $44.50 resistance. This may cause further downward move. On the upside, if there is a strong bounce above $44, the momentum will propel the price to break the resistance at $44 and $46 then rally above the $50 overhead resistance. Litecoin will be compelled to a sideways move if the current resistance is not breached.

The recent retracement was because the coin was above the 80% range of the daily stochastic. LTC was in the overbought region as sellers emerged to push prices down. After retracement, price finds support above EMAs. However, if the support above the EMAs holds, Litecoin will resume a fresh uptrend. The crypto will rise as long as the price is above the EMAs.

Key Resistance levels: $80, $100, $120

Key Support levels: $50, $40, $20

Litecoins upward move is intact if the bulls sustain the bullish momentum above the EMAs. On the downside, LTC will be weakened if the bears break below the EMAs. In other words, if price falls below $43 support, LTC will resume a downward move.

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

Link:

Litecoin Reaches Overbought Region at $46, May Face Selling Pressure - Coin Idol

Litecoin (LTC) Down $0.44 Over Past 4 Hours, Started Today Down 2.14%; Price Base in Formation Over Past 90 Days – CFDTrading

Litecoin 4 Hour Price Update

Updated July 10, 2020 07:19 AM GMT (03:19 AM EST)

Litecoin closed the last 4 hour candle down 0.99% ($0.44); this denotes the 2nd candle in a row a decrease has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin entered today at $44.37, down 2.14% ($0.97) from the previous day. The price move occurred on volume that was down 30.06% from the day prior, but up 58.99% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

The first thing we should note is that the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Also of note is that on a 90 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 14 days.

Over on Twitter, here were the top tweets about Litecoin:

Our $LTC Litecoin wallet is now offline for maintenance.When it comes back online, your LTC wallet address will be differentIf you have your old address whitelisted or saved anywhere you MUST update it, as any funds sent to the old address will not be recoverable.

Im going to keep this giveaway going for quite a while longer.I want to give this sponsor more exposure since we had a few big giveaways that hid this sponsors giveaway time of $60 in LiteCoin.

I also like to think of #Litecoin as digital land. If Litecoin were the size of the U.S. one litecoin would be the equivalent of 460 acres of land. At $46 per #LTC this means you can buy up this digital land at $.10/acre. The land rush is on! Head West young man and get some!

See more here:

Litecoin (LTC) Down $0.44 Over Past 4 Hours, Started Today Down 2.14%; Price Base in Formation Over Past 90 Days - CFDTrading

Bitcoin and Altcoins Start Corrective Decrease, Key Supports Nearby – Cryptonews

Bitcoin price failed to clear the USD 9,500 resistance level and recently started a downside correction. BTC traded below the USD 9,300 support level and it is currently (08:30 UTC) struggling to stay above USD 9,150. If it fails to stay above USD 9,050 and USD 9,000, there are chances of a strong decline.

Similarly, most major altcoins started a downside correction, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is down close to 3% and it is trading below USD 240. XRP/USD is also down over 3% and it is trading well below USD 0.200.

Total market capitalization

After a steady rise, bitcoin price struggled to continue higher above the USD 9,480 and USD 9,500 levels. BTC is currently correcting lower and it is trading well below USD 9,300. The price is now approaching the USD 9,150 support and it might revisit the USD 9,050 and USD 9,000 support levels.If there are more losses below USD 9,000, there is a risk of more downsides. If not, the price is likely to bounce back above the USD 9,300 resistance level.

Ethereum price is down over 2% and it is trading below the USD 240 level. It seems like ETH is approaching the USD 235 support level. The next major support is near the USD 230 level, below which the bears are likely to take control.Conversely, the price might start a fresh increase above the USD 240 and USD 242 resistance levels. The next major resistance is seen near USD 248.

Bitcoin cash price failed to continue above USD 245 and recently declined below the USD 240 support. The current price action suggests BCH is likely to continue lower towards the USD 232 and USD 230 support levels. On the upside, the USD 240 level might once again act as a barrier in the near term.Litecoin failed to stay above the USD 45.50 pivot level and it recently started a downside correction. LTC is trading below USD 45.00 and it is approaching the USD 44.00 level. The first key support is near the USD 43.20 level, below which the price might test the main USD 42.20 support zone. XRP price traded to a new weekly high above USD 0.210 before starting a fresh decrease. The price broke the USD 0.202 and USD 0.200 support levels. XRP is now approaching the USD 0.196 support and it might even continue to move down towards the USD 0.192 support. On the upside, the USD 0.202 is a hurdle before the USD 0.205 resistance.

In the past three sessions, a few small-capitalization altcoins gained over 10%, including ERD, BTT, SERO, and TMTG. Conversely, FXC, HEDG, DOGE, VET, SC, and SNT are down more than 10%.

Overall, bitcoin price is showing a few bearish signs below USD 9,200. If BTC continues to move down towards USD 9,000, there is a risk of a sharp decline. On the other hand, the bulls are likely to aim a fresh increase towards USD 9,500._____

Read more:

Bitcoin and Altcoins Start Corrective Decrease, Key Supports Nearby - Cryptonews

Litecoin (LTC) Up $0.05 On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days – CFDTrading

Litecoin 4 Hour Price Update

Updated July 11, 2020 07:22 AM GMT (03:22 AM EST)

Litecoin closed the previous 4 hours up 0.11% ($0.05); this denotes the 3rd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous 4 hours in terms of percentage price change.

Litecoin is down 0.18% ($0.08) since yesterday, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 36.48% from previous day, but up 64.94% from the Friday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to yesterday. The daily price chart of Litecoin below illustrates.

The first thing we should note is that the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 90 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

@Cardano_Guy @CryptoIRELAND1 @litecoin @IOHK_Charles @_Cardano_ADA @HukAleksandra @TheCryptoLark Completely agree. Co-operation is what is required in the eco-system. Lets get rid of these squabbles and start to build the future; as long as were part of the ecosystem; after all, thats why this is blockchain 3.0

This cryptocurrency, Dogecoin: shit started as a joke back in 2013, right?actually a pretty solid crypto with a silly name attached to it running on a similar code as Litecoin without a cap so its very volatile/reliable & low exchange fees

It seems like the spirit of the Cypherpunk Manifesto is in favor of experimentation and sharing of code to make a better world so forks & alts fit that.Again very different story if there was a fundraise that changes things a lot Im talking Litecoin, Monero etc.

Read more:

Litecoin (LTC) Up $0.05 On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days - CFDTrading

Litecoin (LTC) Up $0.1 Over Past 4 Hours, Entered Today Down 0.18%; Price Base in Formation Over Past 90 Days – CFDTrading

Litecoin 4 Hour Price Update

Updated July 11, 2020 01:36 AM GMT (09:36 PM EST)

44.25 (USD) was the opening price of the four-hour candle for Litecoin, resulting in the last 4 hour candle being one in which price moved up 0.23% ($0.1) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the last 4 hour candle in terms of percentage price change.

Litecoin closed the day prior down 0.18% ($0.08); this denotes the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 36.48% from previous day, but up 64.94% from the Friday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the day in terms of price change relative to the day prior. Here is a daily price chart of Litecoin.

The first thing we should note is that Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Litecoins price has gone down 16 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

@Cardano_Guy @CryptoIRELAND1 @litecoin @IOHK_Charles @_Cardano_ADA @HukAleksandra @TheCryptoLark Completely agree. Co-operation is what is required in the eco-system. Lets get rid of these squabbles and start to build the future; as long as were part of the ecosystem; after all, thats why this is blockchain 3.0

This cryptocurrency, Dogecoin: shit started as a joke back in 2013, right?actually a pretty solid crypto with a silly name attached to it running on a similar code as Litecoin without a cap so its very volatile/reliable & low exchange fees

@CoinDesk @SatoshiLite @LitecoinProject @CoinDesk you can swap Litecoin for $Beam in Beam Desktop Wallet a decentralized marketplace. Beam has Atomic Swaps for $BTC, $LTC, and $QTUM. Bring some LTC to the Beam community.

See original here:

Litecoin (LTC) Up $0.1 Over Past 4 Hours, Entered Today Down 0.18%; Price Base in Formation Over Past 90 Days - CFDTrading

Litecoin (LTC) Price Analysis: Fresh Rally To $50 Seems Likely – Live Bitcoin News

Litecoin price is rising again and trading above $44.00 against the US Dollar, similar to bitcoin. LTC price is likely to settle above $45.50 and it could rise towards $50.00 in the near term.

In the past few sessions, there was a steady rise in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price formed a strong support base near the $40.00 and $40.50 levels.

It started a fresh increase after it surpassed the $42.00 resistance level and the 55 simple moving average (4-hours). Moreover, there was a break above a significant bearish trend line with resistance near $42.30 on the 4-hours chart of the LTC/USD pair.

The pair even surged above the $44.00 and $45.00 levels. A high is formed near $45.65 and the price is currently consolidating gains near the $45.50 level. It corrected below the 23.6% Fib retracement level of the recent wave from the $42.87 low to $45.65 high.

On the downside, there is a strong support forming near the $44.20 and $44.00 levels. The 50% Fib retracement level of the recent wave from the $42.87 low to $45.65 high is also at $44.26.

If there is a downside break below the green zone at $44.00, there is a risk of a larger correction towards the $43.20 level. The main support is now forming near the $42.00 level.

Conversely, the price may perhaps start a fresh increase above the $45.50 and $46.00 levels. A successful close above the $46.00 level could open the doors for a push towards the next major hurdle at $50.00 in the near term.

Litecoin Price

Looking at the chart, litecoin price is clearly trading near a crucial resistance at $45.50. It could either continue to rise towards the $50.00 level or it might start a major downside correction towards the $42.20 level.

4 hours MACD The MACD for LTC/USD is slowly losing momentum in the bullish zone.

4 hours RSI (Relative Strength Index) The RSI for LTC/USD is currently correcting lower towards the 60 level.

Key Support Levels $44.20 and $42.20.

Key Resistance Levels $45.50 and $50.00.

Link:

Litecoin (LTC) Price Analysis: Fresh Rally To $50 Seems Likely - Live Bitcoin News

Litecoin (LTC) price, charts, market cap, and other …

What Is Litecoin?

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011.

Lee's intention behind Litecoin was to create a "lite version of Bitcoin," and its developers have always stated that Litecoin can be seen as the "silver" to Bitcoin's "gold." Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed, which is about 2.5 minutes per block. However, Litecoin users may have to wait up to around 30 minutes for their transaction to be processed due to network congestion.

Litecoin is accepted at a variety of merchants, you can see an updated list on the Litecoin Foundation's website.

Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Scrypt, by design, is more accessible for users that want to mine via CPUs or GPU, as ASIC-based mining rigs are not suitable for Litecoin mining.

In the beginning, Litecoin block rewards were 50 Litecoin, but the block reward was halved in 2015 to 25, and will continue to halve until its hard cap of 84 million Litecoin is reached.

Litecoin can be stored like most cryptocurrencies either on an exchange or in a cold or hot storage wallet.

You can buy Litecoin at any exchange that supports the cryptocurrency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Remember to do your own research before choosing an exchange.

Read the original:

Litecoin (LTC) price, charts, market cap, and other ...

Litecoin price prediction 2020: can it become the best …

Only 10 years ago, no one knew what a blockchain was. Today, there are hundreds of well-established and emerging cryptocurrencies using blockchain technology to supplant traditional fiat money and change the way we live.

Litecoin (LTC) has drawn a lot of investor interest after hitting the headlines in December 2017. Then, the cryptocurrency reached its record high of $375, an 8,200 per cent increase year-on-year, hitting a total LTC market cap of $19.5 billion.

However, following the latest crypto market news where prices have fallen across the board, many now wonder: will Litecoin go up once again? Can it fully recover and set some new records after the bumpy ride of the second half of 2019?

While this year is about to come to an end, closing the first decade of cryptos existence, analysts are split in their Litecoin price predictions. Some experts say that its current all-time high could be just a drop in the bucket and predict the coin to hit an overwhelming $595 by 2030. Others take a bearish stance, believing that another crypto winter is yet to come, with Litecoin future price dropping as low as $1.5 by the end of 2024.

So, if you are wondering, should I invest in Litecoin or not? we have you covered. In this article, we try to find the truth by taking a closer look at what factors influence this cryptocurrency, reviewing its recent performance, analysing the latest developments and checking out the Litecoin price prediction for 2020 and beyond.

Before we delve deep into the Litecoin price predictions, lets do a quick review on what LTC is.

On October 7, 2011, Litecoin (LTC) was created by Charlie Lee, an ex-Google employee and former Engineering Director at Coinbase. Designed as a peer-to-peer network with the same-name native cryptocurrency, it was launched to complement Bitcoin by solving issues like concentrated mining pools and transaction timings, as well as to make the crypto world more accessible.

Truth be told, these two do share a lot in common. However, there are still some substantial advantages that Litecoin boasts of. These include, among others, improved capacity, faster block generation and higher supply limits.

On the other hand, as Litecoins purpose initially was to be silver to Bitcoin gold, some sceptics call into question whether it will ever be able to become anything more than its main rival. While Litecoin technically has a superior algorithm, it may be rather irrelevant since Bitcoins popularity has cemented it as the gold standard for old and new crypto traders. Moreover, the next-gen altcoins are emerging almost daily, taking the industry's competition to a whole other level.

After its launch, Litecoin was fast to get the attention of the small yet growing crypto community of the time. Nonetheless, its value had remained rather low around $3 for quite a long time. It was only in November 2013 when the market finally saw the first significant price movements. On November 28, LTC value almost doubled within one day and reached the price of $50 per coin.

However, such a substantial jump was short-lived. In April 2014, Litecoin dropped to $10 and further to a little over $1 in February 2015. The crypto was then traded in the range of $1-$4 for the next two years.

In March 2017, Litecoin announced the launch date of their Segregated Witness (SegWit) protocol upgrade. The statement had a positive impact on the coins rate, with its value rising to $16. In May, the protocol changes were finally implemented, making LTC the first of the top five cryptocurrencies to adopt SegWit and pushing its price to $30.

Meanwhile, the dev team implemented the Lightning Network, attracting a lot of attention from the crypto enthusiasts. By September, LTC reached $70. With the whole market being bullish, sending Bitcoin and altcoins to set new price records, Litecoin hit its all-time high of $375 in mid-December.

For the most part of 2018, Litecoin was in a bearish trend. Despite its well-established position in the industry, the coin was affected by the overall descending dynamic of the market. The downward Litecoin trend only changed a couple of times: in February and April. All-in-all, the coins price decreased almost five times over the course of the year.

At the end of 2018, things started getting better, and Litecoin managed to stabilise, finally gaining an upside momentum.

At the beginning of 2019, Litecoin continued its price growth. During the first half of the year, LTC price increased four times from $31.02 to $138.4. The reason for such a significant price hike was the upcoming Litecoin halving, which happened on August 5.

However, the event was followed by the much-expected correction, with the price of Litecoin dropping as low as $68 by mid-September. Throughout the rest of the year, the coin remained in the downward trend. At the time of writing, on December 20, LTC traded at $40.

Back in the days, Litecoin was at the forefront of modern and relevant technologies. Its early implementation of SegWit protocol and Atomic swaps has revolutionised the sphere of the cryptocurrency payments.

However, Litecoin has been recently struggling with many difficulties. Now that Bitcoin also introduced SegWit, the altcoin lacks one of its crucial competitive advantages.

Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, said: Litecoin's price action has historically followed Bitcoin's, but currently it is facing negativity on multiple fronts. In the absence of new capital flow, transaction volumes have remained tame and the August halving has failed to push the price higher.

He also added: In fact, miners have begun to abandon the network after the reward-reduction, which is why the hashrate is falling and concerns are being raised about the network's security.

Marouane Garcon, managing director of crypto-to-crypto derivatives platform Amulet, also weighed in, saying that Litecoin's recent price decline has more to do with the concerns about development and how they are going to be funded going forward.

Earlier this year, Charlie Lee reportedly told Franklyn Richards, director of Litecoin Foundation, that no one is interested in working on Litecoin protocol development work. After this information was disclosed, peoples perspective of Litecoin changed, continued Garcon. Litecoin has not been the same since that announcement, he added.

It threw everyone into a panic. If no one is willing to work on Litecoin and develop it then why should anyone invest in it?

Based on the latest study conducted by Sylvain Saurel, the potential of Litecoin is very limited. He explained that the coin peaked in 2017 as it was riding on Bitcoins wave of success, taking advantage of the increasing number of interested investors. Although Litecoin remains in the top 10 cryptocurrencies by market cap, this number is still too far from its record high of $19 billion.

Saurel claims: Litecoin will certainly remain in the top 10 of cryptocurrencies for some time to come, but its future is clearly not alongside Bitcoin that could revolutionise the monetary and financial system in the future.

Historic oil price dropDon't miss your trading opportunities

Litecoin has reported a decrease in its hashrate since mid-2019, reaching its lowest levels since 2018.

At the time of writing, its hashrate was 147.4 TH/s. If the fall is prolonged, it could negatively affect the future performance of Litecoin.

However, it is important to note that the network is now working on some major changes. According to the latest news, the Litecoin Foundation is currently cooperating with Steve Burkett, a developer of the Grin project, to implement MimbleWible in the Litecoin protocol. Once realised, Litecoin could move away from Bitcoin, creating a unique selling point. On the other hand, innovation will reduce fungibility, possibly making Litecoin susceptible to being blocked from important exchanges.

All in all, Litecoin has a great advantage to make improvements to itself much faster than Bitcoin does. However, with the rapid development of new crypto projects that have base codes that are already more fit for micro-transactions and scaling, has Litecoin missed its chance to stay on top?

It is no secret that the crypto market moves at a rapid pace, making it rather difficult to predict its future. We have made our own investigation to compile a list of the latest Litecoin forecasts from various sources.

Based on technical analysis, TradingBeasts.com, a popular crypto forecast website, predicted that by the end of next year, LTC price will be around $46.23; and only a bit higher in 2021 up to $67.23. By December 2022, Litecoin is expected to grow to an average of $82.68.

A more optimistic LTC price forecast is provided by Cryptoground.com. Based on an internal deep learning algorithm, it states that LTC will reach $88.30 in one year, rising almost 109.81 per cent. It is expected that the growth will continue, with the coin trading at $347.8 by the end of 2024.

According to the information provided by CoinFan.com, another famous online forecasting service, Litecoin future predictions look rather promising, with LTC prognosed to end 2020 at $276.4. Their long-term forecast suggests the coin will hit $506.8 by May 2025.

George Tung, a cryptocurrency analyst, has the most positive Litecoin projections, saying its price might rise as high as $1,500 towards the end of 2020.

Looking forward, DigitalCoinPrice.com states that Litecoin will have moderate price growth. The positive trend is expected to prevail, with the coin trading at $72 in December 2026.

Regarding the Litecoin price prediction 2030, the coin is expected to end the following decade at $251.44, according to CoinPriceForecast.com.

However, not everyone has taken a bullish stance. Walletinvestor.com, known for their pragmatic forecasts, refers to LTC as a bad, high-risk one-year investment option. According to their Litecoin predictions, the coin is expected to lose in value significantly, with its price falling to $4.5 by August 2020. However, it is expected to recover by fall and end next year at $36.8.

In five years, Wallet Investor estimates the coin to drop as low as $0.77 by the end of 2024.

The crypto market has experienced several ups and downs over this year. While all the talks revolve around digital money, there are still many questions to answer.

Will Litecoin rise and live up to the expectations of analysts? As you can understand, there is no definite answer to this question. It is very difficult to predict what the price of Litecoin could be in a few hours; and even harder to give long-term estimates. However, according to the forecasts mentioned above, LTC is mainly prognosed to move in a positive direction.

Is Litecoin a good investment for the long term? Well, many crypto enthusiasts believe that the project has the technological strengths that could help it to become even more popular in the crypto world.

When choosing what cryptocurrency to invest in, it is always crucial to consider the latest technical analysis, expert opinion and market trends. For that, we recommend you do as much research as possible.

If you think you are not ready to make long-term investment commitments, but still want to try to profit from the market volatility, you can do so through contracts for difference (CFD).

You can learn more about CFD trading with free online courses and find out how to trade Litecoin CFDs by reading our comprehensive guide. Always stay on top of the Litecoin latest news with Capital.com.

So, what do you think about the future of this digital coin? Will Litecoin go down or soar to hit new record highs? Do you have an LTC price prediction of your own?

Follow our live LTC/USD chart and make your own bets!

Ready to get started?

Download Capital.com

Original post:

Litecoin price prediction 2020: can it become the best ...

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin American Wrap 7/1/2020 – Benzinga

Bitcoin Technical Analysis: BTC/USD Eyes$9,300 After 1% Surge

Bitcoin has been fairly weak for the past month, especially after losing the daily uptrend. Bulls are now trying to climb and close above the daily 12-EMA, established at around $9,250. This is the first resistance level buyers need to beat, the next is located at $9,322, the daily 26-EMA.

We know that Ethereum outperformed Bitcoin during May by quite a lot. The digital asset was one of the few top coins to see a significant bull rally while everyone else was sleeping. ETH/USD managed to peak at $253.47 before entering a consolidation period. While Ethereum has been trading sideways for the past few weeks, the pair against Bitcoin has remained fairly strong.

Litecoin is currently under a lot of selling pressure, the small bullish breakout from Bitcoin is helping Litecoin but its certainly not enough. The daily downtrend is still here and bulls will need a lot of strength to reverse the trend.

Photo by Thought Catalog from Pexels.

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Originally posted here:

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin American Wrap 7/1/2020 - Benzinga

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 2nd, 2020 – Yahoo Finance

Litecoin

Litecoin rose by 1.55% on Wednesday. Partially reversing a 1.70% slide from Tuesday, Litecoin ended the day at $41.80.

A bearish start to the day saw Litecoin fall to an early morning afternoon intraday low $40.96 before making a move.

Steering clear of the first major support level at $40.58, Litecoin rallied to a late afternoon intraday high $42.02.

Litecoin broke through the first major resistance level at $41.91 before falling back to sub-$41.60 levels.

Finding late support, Litecoin revisited $42 levels before easing back. The first major resistance level capped the upside on the day.

At the time of writing, Litecoin was down by 0.26% to $41.69. A mixed start to the day saw Litecoin rise to an early morning high $41.91 before falling to a low $41.66.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to avoid a fall through the $41.60 pivot to support a run at the first major resistance level at $42.23.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesdays high $42.02.

Barring another crypto rally, the first major resistance level and Wednesdays high $42.02 would likely cap any upside.

Failure to avoid a fall through the $41.60 pivot could see Litecoin struggle on the day.

A fall back through to sub-$41.50 levels would bring the first major support level at $41.17 into play.

Barring an extended crypto sell-off, Litecoin should steer clear of sub-$40 levels. The second major support level at $40.53 should limit any downside.

Major Support Level: $41.17

Major Resistance Level: $42.23

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.96% on Wednesday. Following on from a 2.85% rally on Tuesday, Stellars Lumen ended the day at $0.068009.

A bearish start to the day saw Stellars Lumen fall to an early morning intraday low $0.066166.

Steering clear of the first major support level at $0.06518, Stellars Lumen rallied to a late afternoon intraday high $0.069447.

Stellars Lumen broke through the first major resistance level at $0.06816 and the second major resistance level at $0.06816.

A late pullback saw Stellars Lumen fall back to sub-$0.068 levels before recovering to $0.068 levels. The first major resistance level at $0.06816 capped the upside late in the day.

At the time of writing, Stellars Lumen was up by 2.50% to $0.069707. A bullish start to the day saw Stellars Lumen rally from an early morning low $0.069377 to a high $0.069707.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.06790 pivot to support a run at the first major resistance level at $0.06958.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.069707.

Barring another broad-based crypto rally, the first major resistance level would likely limit any upside.

A fall through the $0.06790 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.067 levels would bring the first major support level at $0.06630 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.06459.

Major Support Level: $0.06630

Major Resistance Level: $0.06958

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 3% on Wednesday. Following on from a 1.17% gain on Tuesday, Trons TRX ended the day at $0.016845.

A bearish start to the day saw Trons TRX fall to an early morning intraday low $0.016241 before making a move.

Steering clear of the first major support level at $0.01620, Trons TRX rallied to a late afternoon intraday high $0.017036.

Trons TRX broke through the first major resistance level at $0.01662 and the second major resistance level at $0.01684.

A late pullback saw Trons TRX fall back to sub-$0.01680 levels before revisiting $0.01695 levels.

The second major resistance level at $0.01684 pinned Trons TRX back late in the day.

At the time of writing, Trons TRX was up by 1.32% to $0.017068. A bullish start to the day saw Trons TRX rise from an early morning low 0.016901 to a high $0.017136.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to avoid a fall through the $0.01670 pivot to support a run at the first major resistance level at $0.01717.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.017136.

Barring another broad-based crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $0.01670 pivot would bring the first major support level at $0.01638 into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of sub-$0.016 levels. The second major support level sits at $0.01591.

Major Support Level: $0.01638

Major Resistance Level: $0.01717

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Continued here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 2nd, 2020 - Yahoo Finance

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis June 30th, 2020 – Yahoo Finance

Litecoin

Litecoin rose by 1.28% on Monday. Following on from a 0.71% gain on Sunday, Litecoin ended the day at $41.87.

It was a mixed start to the day. Litecoin rose to an early morning high $41.53 before sliding to a late morning intraday low $40.57.

Coming within range of the first major support level at $40.47, Litecoin rallied to a late intraday high $42.24.

Litecoin broke through the first major resistance level at $42.11 before easing back to sub-$42 levels.

At the time of writing, Litecoin was down by 0.05% to $41.85. A mixed start to the day saw Litecoin rise to an early morning high $41.99 before falling to a low $41.78.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to avoid a fall through the $41.56 pivot to support a run at the first major resistance level at $42.55.

Support from the broader market would be needed, however, for Litecoin to break out from Mondays high $42.24.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $41.56 pivot could see Litecoin struggle on the day.

A fall through to sub-$41 levels would bring the first major support level at $40.88 into play.

Barring an extended crypto sell-off, Litecoin should steer clear of the second major support level at $39.89.

Major Support Level: $40.88

Major Resistance Level: $42.55

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.69% on Monday. Following on from a 2.39% rally on Sunday, Stellars Lumen ended the day at $0.06478.

Tracking the broader market, Stellars Lumen rose to an early morning high $0.06494 before hitting reverse.

Falling short of the major resistance levels, Stellars Lumen fell to a late morning intraday low $0.06300.

Steering clear of the first major support level at $0.06226, Stellars Lumen rallied to a late intraday high $0.065420.

Stellars Lumen came within range of the first major resistance level at $0.06544 before easing back to sub-$0.065 levels.

At the time of writing, Stellars Lumen was down by 0.22% to $0.064938. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.065175 before sliding to a low $0.064882.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.06440 pivot to support a run at the first major resistance level at $0.06580.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Mondays high $0.065420.

Barring another broad-based crypto rally, the first major resistance level and Mondays high would likely limit any upside.

Failure to avoid a fall through the $0.06440 pivot could see Stellars Lumen struggle throughout the day.

A fall back through to sub-$0.064 levels would bring the first major support level at $0.06338 into play.

Barring another extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.060 levels. The second major support level at $0.06198 should limit any downside on the day.

Major Support Level: $0.06338

Major Resistance Level: $0.06580

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 2.52% on Monday. Following on from a 1.94% gain on Sunday, Trons TRX ended the day at $0.01619.

Bullish throughout the day, Trons TRX rallied from an early morning intraday low $0.015786 to a late intraday high $0.016380.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01602.

Coming up against the second major resistance level at $0.01631, Trons TRX eased back to sub-$0.01620 levels.

At the time of writing, Trons TRX was up by 0.19% to $0.016220. A relatively bullish start to the day saw Trons TRX rise from an end of Sunday $0.01619 to an early high $0.01622

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to avoid a fall through the $0.01612 pivot to support a run at the first major resistance level at $0.01645.

Support from the broader market would be needed, however, for Trons TRX to break out from Mondays high $0.01638.

Barring another broad-based crypto rally, the first major resistance level and Mondays high would likely cap any upside.

Failure to avoid a fall through the $0.01612 pivot would bring the first major support level at $0.01586 into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of sub-$0.015 levels. The second major support level at $0.01552 should limit any downside.

Major Support Level: $0.01586

Major Resistance Level: $0.01645

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Read the rest here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis June 30th, 2020 - Yahoo Finance

Charlie Lee Is Active to Make Their Money Litecoin (LTC) Talk – The Cryptocurrency Analytics

Common sense according to a Litecoin enthusiast should dictate why Bitcoin is the King and on how Litecoin complements the BTC without competing with it. Sometimes it is good to learn the fundamentals and ignore the Fear, Uncertainty, and Doubt.

Litecoin Foundation tweeted: Litecoin will go over 55 million wallet addresses in the next 24-48 hours.

The idea of Litecoin making it to 55 million wallet addresses can be exciting if it would in some way learn to an increase in the price of the tokens. Whether the wallet address is at profit or loss can be determined by considering the price at which the tokens were acquired and on how it is possible ensure a positive balance.

Some people opine that Lightning Network is dead. This can be a hasty decision. While traders are only concerned about the price going up and coming down, there are lot of tasks to be done to ensure that the price happens. Price does not happen simply. It is true that LTC can be used for payments just like BTC and that it is cheaper and faster.

The good thing about Litecoin is that the richest wallet has so far had only 2.5 percent of the supply. There are lot of opinions than facts. Facts are facts, but opinion is something that can be spelled by anyone based on their individual perception of statistics and facts revolving around them.

A little while ago the Litecoin Foundation tweeted: There have been 307,603 new non-zero #Litecoin wallet addresses created in the past 7 days. That is an average of 43,943 new addresses per day.

This just means that Litecoin community are progressing in steps towards whatever they are progressing towards.

Sydney Ifergan, the crypto expert tweeted: Litecoin Development gets support from different donations in the community contributing to its overall growth. Good for LTC.

Investors are interested in making their money talk for themselves. Of note about 99% of the LTC historical outputs have been monetary. Accountability goes like Litecoins blockchain has had 146,796,072 Outputs over 9 yrs.

The Litecoin Community have been actively involved in the process of creating awareness, adoption, and adoption of the LTC by virtue of their strong and vibrant community.

And, now we have Charlie Lee expressing himself openly about one stuff or the other, which in turn is good for the community. As despite all the ideas of human behavior, familiarity breeds passion. People understand facts they hear from a known face than from an unknown face.

See the original post:

Charlie Lee Is Active to Make Their Money Litecoin (LTC) Talk - The Cryptocurrency Analytics

Litecoin (LTC) Up $0.24 in Last 4 Hours, Underperforms All Top Cryptos to Start the Day; 2 Day Up Streak Ended – CFDTrading

Litecoin 4 Hour Price Update

Updated July 01, 2020 11:19 PM GMT (07:19 PM EST)

The back and forth price flow continues for Litecoin, which started the current 4 hour candle off at 41.88 US dollars, up 0.58% ($0.24) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Litecoin bested all 5 of the assets in the Top Cryptos class

41.19 (USD) was the opening price of the day for Litecoin, resulting in the day prior being one in which price moved down 1.65% ($0.69) from the day prior. The price move occurred on volume that was down 50.73% from the day prior, but up 15.94% from the same day the week before. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the day prior. The daily price chart of Litecoin below illustrates.

The first thing we should note is that Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Litecoins price has gone down 17 them.

Over on Twitter, here were the top tweets about Litecoin:

On chain volume for #Litecoin over the past 24 hours was 2,165,307 #LTC That equals ~90,200 LTC per hour in trxs, or $3,726,200 worth of LTC sent and received per hour.

Flip your LTC for HEX, now that LTC it still has value, HEX the best defi project of 2020 for years LTC is not moving get more out of HEX staking, benefits and bigpayday LTC does not have this @litecoin

@btccentermiami @CurrencyDesign @CointelegraphZN @CoinFestUK @CoinJournal @xbtnews101 @MrSpinnyG @litecoin_bull Love it. Tom does great work. Best in the industry producing this format, no doubt. In terms of impacting adoption assuming pre-coiners will interact with the notes, itd be ideal to have more educational copy on them. However not all crypto artists double as #propagandists

Visit link:

Litecoin (LTC) Up $0.24 in Last 4 Hours, Underperforms All Top Cryptos to Start the Day; 2 Day Up Streak Ended - CFDTrading


12345...10...