Hello my friends!
Why is Litecoin a good addition to Bitcoin? Litecoin has Lightning for instant transfer and Atomic Swaps for cross-blockchain trading. Litecoin is a pure cryptocurrency like Bitcoin. It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies,...
LTC is stuck in this consolidation zone and has been for 5 days now,
i have an alert set just before the resistance line for a short.
Take profit 1 set at the next level of 0.004609 then i will let the rest play out down to demand.
Trend bias Bearish
LTC/XBT 4hr
The bullish movement in bitcoin has outpaced altcoins who have remained stagnant in the last week. We expect a decline in alts together with a stagnation in bitcoin going into next week.
After the LTC fork, we saw btc going from July lows of 9100 to 12000. Ltc saw some downside in terms of bitcoin which should continue for the next few months. BTC dominance is at the highest at 68% at the time of writing, aiming for 80% which seems to be the likely scenario at the moment. Futhermore, eth/btc will drop to sub 0.015 levels (0.019 at the time of...
As the crypto market begins to gain some bullish momentum, it creates multiple new trading opportunities for us all.
Above is my current support and resistance chart for $LTCBTC
It appears the LTCBTC pair has finally broken multi-day resistance and is currently retesting for support.
IF support is held, I believe a second and maybe even third strong leg...
