Litecoin (LTC), released in October 2011, is a global decentralized digital currency, based on blockchain technology. It is often referred to as a lightweight Bitcoin, because it's technically nearly identical, but substantially cheaper. All transactions are recorded on a public ledger called The Blockchain. It allows faster processing and faster transaction confirmation. It has the fourth largest market capitalization of all the cryptocurrencies and is carried by many exchanges.
The number of units is capped at 84 million and almost 49 million are in supply. Because of this cap, inflation won't decrease their value. Litecoin miners use their computers resources to support the cryptocurrency that's based on an open source protocol and get rewarded with Litecoins if they have done a certain amount of cryptographic work. Units can be bought or sold against bitcoin or against a fiat currency like the USD or the EUR. You can also purchase good and services with them.
LTCUSD has dropped and appears to have caught some support as it has made a higher low. The chart tells you what we need to close above and what to expect. Im not personally in an LTCUSD trade but it looks like it wants to test the high for now. Not financial advice. Trade safe.
This seems to be forming a head and shoulders pattern. It would be smart to wait on this and then short for some good gains.On my last post I was looking at a long position and I was right on the money! Now we are still waiting for this to hit the TP to then take the short position.Shorting around 92.000 would be a good idea.
Quote: “The goal of a successful...
I'm not saying that litecoin can't go higher from here, but the signs are there for a reversal in the downward direction.
1. HMAs appear to want to test a cross, but still in an unfavorable position
2. RSI and price are showing us a divergence that would suggest down.
3. MACD already topped out and have started downward.
markets are heavily manipulated, so...
So Looks good for LTC, halvening in August if you aren't aware, so be prepared for a rise in price. I want y'all to take notice the 2 yellow circles showing higher highs and higher lows too. But do pay attention, cause an ABCD correction might be forming which is still good news!
Like and leave some of your thoughts! Happy tradings!
Around $73, criteria:
1. Strong historical support area (orange line)
2. Ascending channel projection
3. Fibonacci momentum retracement ratio 38%
Around $50, criteria:
1. Old strong price level worked as a support and as a resistance
2. The round number $50
3. Fibonacci golden ratio 62%
4. Trendline
Last time we managed to discover that technically a good bounce...
The fifth largest cryptocurrency by market capitalization jumped to $107.71, the highest level since June 12, 2018, according to CoinDesk’s Litecoin Price Index.
The bullish move has stalled in the last few hours, though, with the price currently trading around $88.
Before we get started, lets smash this "thumbs-up" button, i would really appreciate it!...
The fifth largest cryptocurrency by market capitalization jumped to $107.71, the highest level since June 12, 2018, according to CoinDesk’s Litecoin Price Index.
The bullish move has stalled in the last few hours, though, with the price currently trading around $87.
Before we get started, lets smash this "thumbs-up" button ladies and gentlemen!
Litecoin ( LTC )...
*The views and conclusions expressed in this post are for educational purposes only and do not constitute investment or trading advice.
Recent price movements in crypto markets have puzzled investors and observers leading to speculation that the market is poised to make new highs. Most observers are speculating that the bottom of Bitcoin's correction from the...
All those irritating adverts that buoyed the spirits of Joe Average. So let's see... Is Litecoin digital silver? Well, yes it is. In fact, Litecoin is much more toxic and as a top 10 coin is perhaps showing the direction of crypto into the mire...
Hello everyone, Bitcoin has just reached $ 7,000 per coin and domination is 59%. According to the logic, in the near future there will be a transfusion of a part of bitcoins into other projects, in order to increase the number of bitcoins. After analyzing future events, I realized that the more likely scenario of money transfer will be LTC. There are several...
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