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.
Hi, everyone!
It was a boring week (as I promised) and BTC slow and steady painting the classical for BTC figure that we see at 9 bottoms from 10 - inverse H&S. Volume at the right shoulder confirms the pattern. Daily RSI is still on the sold side and engulfing upward. we also have an RSI convergence on daily since the last bullish daily candle. The neckline ...
Nice support bounce off the the MA 200 (white line) on the 1 hour time frame. Golden cross completed on the 30 min time frame and looking to cross on the 1 hour timeline (yellow is 50 MA).
The golden cross is the opposite of the death cross. For the golden cross to complete the 200 MA must cross below the 50 MA.
Dear all,
LTC is printing an interesting silent break out of the falling wedge.
It needs to be confirmed by the the closing of this candle. For now RSI confirmation as well.
TP 1 ---> $85
TP 2 ---> $95
All the best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR.
No one knows where the bottom is
Buy gradually from current prices
Best placing orders are pending
Buy prices
0.01000000 BTC
0.00800000 BTC
0.00600000 BTC
The 4hr timeframe chart is used in this analysis to inspect price action in LTUCUSD.
Three things to keep in mind in this case are highlighted on the chart and discussed below:
(1) The major trendline in Litecoin (LTCUSD) since ~January 06, 2018. This bearish trendline is still active and its implication is that it is safest to initiate a position only when price ...
Litecoin continues to trade to the downside, as the broader cryptocurrency remains pressured by bearish fundamentals developments and a lack of buying interest.
Litecoin is likely to see the next strong directional move coming soon according to the MACD indicator. Buyers will aim to break above the LTCUSD pairs 50 period moving average on the four-hour time ...
There is a Bollinger Band squeeze setting up on various time frames for Litecoin (LTC). Other coins are showing the same.
Look for increased volatility very soon. The last few times the bollinger band width has been this low in litecoin, the result has been a dump lower. This is expected as it has been a bearish market on all time frames. But then for every time ...
Watch for this break out, naturally it should rise a little before continuing the downtrend, but if LTC break below the lower boundary of the triangle, we would have VERY GOOD CHANCE!
let's prepared for this scenario and watch out!
Cryptocurrency continues to fall in the majority as most of the leading markets are under the mercy of a technical downtrend which is dragging price down despite numerous attempts to support and break out. Since 11th July price in Ethereum has been attempting to find support at 430 levels, and this has been holding for the past few days but has looked increasingly ...
Price may indeed be falling now, but at least in light of this we are no longer wondering what will happen and we can begin to make logical decisions. With price following my scenario 1 on my previous analysis, price failed to have any bullish momentum whatsoever after hitting the final primary horizontal support zone, and price broke below the horizontal support ...
Since TV doesn't let me put up pictures, here's a link to a post where I put all of the text in here anyway.
Check out this link: http://telegra.ph/Litecoin-Price-Analysis-7-14-2018-07-14
For more analysis like this, join: t.me/CoinEducation (completely free).
Conclusion:
I’m setting my long-term price target at $100+ for #Litecoin $LTC.
This feels like an ...
Hello everyone
Today an update on LTC price action, a lot to talk about.
Let’s get straight in to this!
-So first of all I’d like to start with the support lines. We’ve created a very strong support line in the last couple of days at +/- 74. If we check the past, we’ve done that a couple of times before, The last times in March and April. We can see a similar ...
LTC has been moving inside the Descending triangle pattern since long and finally fell downwards.
https://www.tradingview.com/x/DkcwhXeI/
The first good resistance lies in the $112-$118 zone.(10% up or down maybe).
Getting back to the current situation. The price is around $95. If the price falls back further to the upper level of the next possible ...
