Cryptocurrencies have been uncertain for the last two months after the retreat from November until January, with the sentiment turning on and off every few days, forcing them to trade within a tight range. But, in the last two weeks, the sentiment has improved and cryptos have been crawling higher, which seems like a trend reversal, although it is still too early to tell. Litecoin and Fantom have some resistance to take out above, so the larger trend is not bullish yet, until those resistances are broken.
Yesterday the Umbria network announced the public launch of its Fantom bridge, which is the third cross-chain bridge to be added to the platform so far this year. The Narni liquidity bridge makes the process of moving Ether between the Ethereum and the Fantom networks quick and cheap. With other Fantom bridging solutions, Ethereum first has to be wrapped into WETH before being transferred, but not now.
Fantom is a network of blockchains built on Ethereum, where new projects can be built and connected to the mainnet and this new bridge should help its case further. After the departure of the key personnel from Fantom, the price dived but now it has rebounded above the support zone around $1 and is now heading toward $1.50. Although the 50 SMA (yellow) stands above on the daily chart, so buyers have to push above it for the trend to be considered bullish again.
Litecoin failed to gather momentum until earlier this month, making lower highs in November last year, while most major cryptocurrencies kept printing new highs. After the jump from $200 to $300 in November, the price reversed down and the sentiment has been totally bearish and LTC/USD which fell to $100.
That zone held since January though and this month we saw a breakout after a triangle was forming, with the 50 SMA (yellow) pushing the highs lower. Now, Litecoin has moved above the 50 SMA and the 100 SMA (green) as well, but it will face the 200 SMA (purple) at the previous support around $140. If that level is broken, then LTC/USD will enter the bullish zone.
LTC/USD
Read this article:
Are Litecoin LTC and Fantom FTM Resume the Larger Bullish Trend? - FX Leaders
- cryptocurrency Litecoin - Bitcoin Exchange Guide - January 25th, 2018 [January 25th, 2018]
- What Is Litecoin? Here's Everything You Need To Know ... - February 1st, 2018 [February 1st, 2018]
- Could Litecoin Be a Better Investment Than Bitcoin ... - February 15th, 2018 [February 15th, 2018]
- Criminals May Ditch Bitcoin for Litecoin, Dash, Study Says ... - February 15th, 2018 [February 15th, 2018]
- What's Wrong With Ethereum, Ripple, and Litecoin? -- The ... - March 23rd, 2018 [March 23rd, 2018]
- Mining Calculator Bitcoin, Ethereum, Litecoin, Dash and Monero - April 22nd, 2018 [April 22nd, 2018]
- Litecoin Courting TenX and Korbit - Just a Month after ... - April 22nd, 2018 [April 22nd, 2018]
- Litecoin vs Bitcoin: The 2 Most Popular Digital Coins Compared - April 24th, 2018 [April 24th, 2018]
- Litecoin Review - Charlie Lee's Open Source P2P LTC ... - April 24th, 2018 [April 24th, 2018]
- 3 Ways Litecoin (LTC) Will Grow In 2018 - April 24th, 2018 [April 24th, 2018]
- Litecoin - Litecoin Price Live, LTC Value, Mining, Wallet ... - May 7th, 2018 [May 7th, 2018]
- Litecoin price analysis: Balancing at the edge of a cliff ... - August 13th, 2018 [August 13th, 2018]
- What is Litecoin? A Basic Beginners Guide - Blockgeeks - September 18th, 2018 [September 18th, 2018]
- Litecoin Mining Pool (LTC) | Coinfoundry - December 3rd, 2018 [December 3rd, 2018]
- What is Litecoin? | A Beginner's Guide - December 3rd, 2018 [December 3rd, 2018]
- Litecoin Soars 36% As Investors Gain Confidence - December 7th, 2018 [December 7th, 2018]
- Litecoin Definition | Investopedia - December 7th, 2018 [December 7th, 2018]
- What Is Litecoin? What to Know in 2019 - TheStreet - December 22nd, 2018 [December 22nd, 2018]
- Crypto Market Extend Gains: Litecoin (LTC), Bitcoin Cash ... - December 22nd, 2018 [December 22nd, 2018]
- CMA warns against new coin offering - mediamaxnetwork.co.ke - January 4th, 2019 [January 4th, 2019]
- 3.17$ Get Free | Free Cloud Mining Site 2019 | Live ... - January 4th, 2019 [January 4th, 2019]
- Crypto Prices Fall; Ireland Toughens Law on Money Laundering - January 4th, 2019 [January 4th, 2019]
- Litecoin (LTC): Rejected at $40, this downtrend could last longer - January 18th, 2019 [January 18th, 2019]
- Litecoin | Litecoin Price | LTC | Litecoin Chart | Info ... - January 23rd, 2019 [January 23rd, 2019]
- Litecoin (LTC) Price, Chart, Info | CoinGecko - January 23rd, 2019 [January 23rd, 2019]
- Top 3 Litecoin Price Predictions for 2018 ~ InvestingPR.com - January 25th, 2019 [January 25th, 2019]
- Litecoin Climbs More Than 30% In A Matter Of Hours - February 11th, 2019 [February 11th, 2019]
- Litecoin - investopedia.com - February 12th, 2019 [February 12th, 2019]
- Ex-Googler Gives the World a Better Bitcoin | WIRED - February 12th, 2019 [February 12th, 2019]
- Litecoin Is Surging, Boosting Ethereum, Ripple's XRP And ... - February 12th, 2019 [February 12th, 2019]
- Litecoin r/litecoin - reddit - February 12th, 2019 [February 12th, 2019]
- Beginner's Guide | litecoinpool.org - April 16th, 2019 [April 16th, 2019]
- litecoinpool.org - April 16th, 2019 [April 16th, 2019]
- Litecoin Value | Litecoin Price | Litecoin Wallet ... - April 16th, 2019 [April 16th, 2019]
- What Is Litecoin? LTC News, Price and Charts - April 16th, 2019 [April 16th, 2019]
- Moon Litecoin - Free Litecoin Faucet - April 16th, 2019 [April 16th, 2019]
- Litecoin - Investopedia - April 16th, 2019 [April 16th, 2019]
- Litecoin (LTC) price: News & Live Chart - Trading Analysis ... - May 5th, 2019 [May 5th, 2019]
- Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher ... - May 10th, 2019 [May 10th, 2019]
- Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving? - May 10th, 2019 [May 10th, 2019]
- Litecoin (LTC) Price Analysis: Dips Remain Attractive To ... - May 10th, 2019 [May 10th, 2019]
- Litecoin (LTC) Price Analysis: Risk Of Additional Weakness ... - May 10th, 2019 [May 10th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 15/09/19 - FX Empire - September 19th, 2019 [September 19th, 2019]
- Litecoin could start its road to recovery if it breaks out of the parallel channel - AMBCrypto - September 19th, 2019 [September 19th, 2019]
- Litecoin Fractal Hints Bitcoin Price May Soon Tumble to $8,300 - Ethereum World News - September 19th, 2019 [September 19th, 2019]
- Litecoin could swing higher following the completion of ascending triangle pattern - AMBCrypto - September 19th, 2019 [September 19th, 2019]
- Litecoin Exhibits 4% Hike in the Intraday Trading - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Bitcoin, Ethereum and Litecoin Price Analysis and Prediction for September 12th 2019: BTC, ETH, and LTC - The Merkle Hash - September 19th, 2019 [September 19th, 2019]
- Litecoin Ready for Gains as Alts Turn Green - Price Analysis - CryptoGlobe - September 19th, 2019 [September 19th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 16 September - FXStreet - September 19th, 2019 [September 19th, 2019]
- InnfiRAT Malware Steals Litecoin And Bitcoin Wallet Information - BleepingComputer - September 19th, 2019 [September 19th, 2019]
- Litecoin Gears Up for A Rebound; Hovers Around $65 - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 13/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Weiss Crypto Ratings Downgrades Litecoin & Cardano, Ups Monero - Cryptonews - September 19th, 2019 [September 19th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - American Wrap - 19 September - FXStreet - September 19th, 2019 [September 19th, 2019]
- Litecoin Foundation Selects Celsius Network as Its Preferred Interest-bearing Wallet - Business Wire - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 16/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin vs. Litecoin: BTC Price Trend Seems Disturbed; LTC Reflects Growth in the Price - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Litecoin price analysis: LTC/USD bullish frenzy is unstoppable - FXStreet - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 14/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Bitcoin And Crypto Wallets Are Now Being Targeted By Malware - Forbes - September 19th, 2019 [September 19th, 2019]
- Litecoin price analysis: LTC/USD reclaims $70 support amid broad-based crypto recovery - FXStreet - September 19th, 2019 [September 19th, 2019]
- Litecoin Price Escalation Prepones the Price Rally; Uptrend Reflects Stability - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Litecoins price bounces back while Bitcoins price stays steady - Decrypt - September 19th, 2019 [September 19th, 2019]
- Bitcoin Flatlines As Ripples XRP, Ethereum, Litecoin And Bitcoin Cash Surge - Forbes - September 19th, 2019 [September 19th, 2019]
- Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 19/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Litecoin will have succeeded when it doesnt need Charlie Lee [INTERVIEW] - CryptoSlate - September 19th, 2019 [September 19th, 2019]
- Litecoin Non-Profit to Hold Undisclosed Treasury Sum with Crypto Lender - CoinDesk - September 19th, 2019 [September 19th, 2019]
- Litecoin and Bitcoin wallets on iPhones older than and including iPhone X are insecure, says LTC developer - AMBCrypto - October 1st, 2019 [October 1st, 2019]
- Tether (USDT) Becomes Fourth Biggest Cryptocurrency, Trumping Bitcoin Cash (BCH) and Litecoin (LTC) - U.Today - October 1st, 2019 [October 1st, 2019]
- Litecoin Turns Surprisingly Bullish Due to These Five Factors - BeInCrypto - October 1st, 2019 [October 1st, 2019]
- Litecoin Gets Back To The Lower Border Of The Channel - Benzinga - October 1st, 2019 [October 1st, 2019]
- The Hard Week Thats Been Hitting Litecoin - Live Bitcoin News - October 1st, 2019 [October 1st, 2019]
- Litecoin Price Changed by 3.49 percent - ICO Brothers - October 1st, 2019 [October 1st, 2019]
- Litecoin looks to gain movement with potential inverted bart formation - AMBCrypto - October 26th, 2019 [October 26th, 2019]
- Litecoin set to breach ascending triangle as buying pressure rises - AMBCrypto - October 26th, 2019 [October 26th, 2019]
- A bearish technical analysis for Bitcoin, Ethereum, XRP and Litecoin; but what if bullish? - CryptoSlate - October 26th, 2019 [October 26th, 2019]
- You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon - U.Today - October 26th, 2019 [October 26th, 2019]