The halvening countdown is estimating our drop to 12.5 reward coins will happen the first week in August!!
Price action is likely to be volatile as excitement and curiosity for this event grows! This halving precedes the Bitcoin Halving by short of a year, and LTC bull run could spark the BTC demand as well.
So far, there is not much difference in numbers between buyers and sellers.
But everything is fixable. It will be flat, since there is not a big difference in volume.
Total books: $27,179,080.94 (-1.35%)
Global Bids: $12,862,728.77 (-10.25%)
Global Asks: $14,316,352.18 (+6.63%)
24hr Volume: $620,075,773.72 (+25.081%)
I think the graph pretty much speaks for itself and I dont like repeating pattern ideas when the picture clearly says a thousand words.... Either have faith and buy now or wish you had at 120+ and maybe short the fall and risk getting rekd on another Bull slam as LTC has taken the market by storm this year as arguably the winning stable crypto to emerge this...
Conclusion for today’s Litecoin Price Analysis:
Litecoin price analysis for today is presented on an intraday timeframe (1 hour) with the main purpose of exploring the current chart pattern(s) under formation. Coverage of price action is from April 02, 2019 to current date.
Breakout from a region of consolidation saw the price of Litecoin make a move from...
Litecoin is attempting to recover above the $80.00 level on Friday as the entire cryptocurrency market remains well supported. The four-hour time frame is showing a descending triangle pattern that will decide the next directional move for the LTCUSD pair. A bullish breakout will take the LTCUSD towards the $120.00 level, while a bearish breakout may take the...
On April 10, Litecoin started a downtrend that lasted the whole day. then over a three day span Litecoin went sideways, not really showing any movement. On April 14 Litecoin had a spike in volume and hit a resistant point of 84.6. then it came back down to its sideways movement making a double bottom signal. Between volume and RSI it confirms that we have a...
Price consolidating inside the pennant flag pattern(on the 13th day), a marginally respected down-sloping resistance has held price down since on the 6th of April 2019 till date.
The volume which plays a vital role in the price breakout, has reduced and most likely expect a breakout soon.
A bullish pennant is almost identical to a symmetrical triangle.The only...