Litecoin’s 2020 rally has begun to reach a fever pitch as the crypto shows signs of entering yet another upwards leg that allows LTC to set fresh year-to-date highs.
Litecoin’s rally over the past several weeks has allowed it to put significant distance between its recent lows of $50 and its current price of just over $70.
This upwards momentum may just be getting started, however, as analysts are noting that the crypto is showing signs that it is currently in the early stages of its next parabolic rally.
Litecoin Breaks Above $70 as it Outperforms the Crypto Markets
At the time of writing, Litecoin is trading up over 5% at its current price of $71, which marks a notable climb from its daily lows of under $69 that were set in tandem with Bitcoin’s drop to lows of $9,200.
Although Litecoin has been generally tracking the trends seen by BTC and the aggregated crypto markets, it has been outperforming them, which is elucidated by the fact that it is currently trading up 4.6% against its Bitcoin trading pair.
Today’s climb was important for LTC bulls, as it invalidated a potentially bearish tweezer top that the crypto has formed yesterday.
Big Cheds, a popular crypto analyst on Twitter, spoke about bull’s ability to thwart this bearish pattern today, explaining that the formation will be invalidated if it closes above $69.89.
“Litecoin daily – Bulls charging forward, invalidating yesterday’s tweezer top with a potential close above $69.89,” he noted.
$LTC #Litecoin daily – Bulls charging forward, invalidating yesterday's tweezer top with a potential close above $69.89 pic.twitter.com/7O6LovDKeB
— Big Cheds (@BigCheds) February 1, 2020
LTC is Showing Signs of Starting Its Next Parabolic Uptrend
One interesting observation that should be noted is the fact that Litecoin is currently in the process of forming an incredibly similar bottom formation to the one seen in late-2019, which was followed by a parabolic rally from roughly 0.007 BTC to nearly 0.02 BTC.
This 185% rally could soon be replicated by the crypto based on the fact that it is currently expressing a bottom formation incredibly similar to that seen before this previous parabolic rally.
Hsaka, a popular crypto analyst on Twitter, spoke about this in a recent tweet while referencing the pattern seen on the chart below.
$LTC pic.twitter.com/GkCTCl8qLZ
— Hsaka (@HsakaTrades) February 1, 2020
While considering the historical bullishness of LTC’s recent technical formation, it does appear to be increasingly likely that the crypto soon incurs a notable uptrend that potentially allows it to post massive gains against its USD trading pair.
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Litecoin has observed a sharp increase of over 19% in the past day. Here’s what on-chain data says could be behind the rally. Litecoin Has Overperformed Market With A Strong Surge In The Last 24 Hours The past day has seen recovery from the cryptocurrency sector as a whole, but Litecoin in particular has stood out with its impressive rally of more than 19%, which has taken its price beyond the $120 mark.
Litecoin price is up over 5% and it broke the main $80. 00 resistance against the US Dollar. LTC is showing positive signs and it could continue to rally towards $90. 00 or $95. 00. Litecoin started a strong increase above the $74.
It is impossible to feel the excitement of a price recovery without the anxiety of a sell-off. Litecoin community could be nursing a similar sentiment at the moment as the price pump over the past 24-The post Litecoin's rally above $43 crucial but Bitcoin may call the shots appeared first on AMBCrypto.
In a brief rally led by the silver crypto, Litecoin prices soared, propelling the cryptocurrency market to a market cap of $336. 2 billion. As bulls approached for short-term, two other digital coins, Bitcoin Cash and Ripple’s XRP exhibited price recovery.
Within minutes, Litecoin (LTC), the fifth most valuable asset in the global crypto market, surged by 10 percent against the U. S. dollar. The sudden short-term rally of Litecoin was followed by the recovery of Bitcoin from around $3,700 to $3,868.
FOMO Moments Crypto markets making moves on Monday; Litecoin, Cardano and Neo racing ahead, Ethereum sluggish. Another crypto market rally has greeted us this Monday morning as $7 billion flowed back into digital currencies over the past 24 hours.
Following a few days of sideways trading crypto markets have bounced again today as $7 billion gets funneled back into digital currencies. Not all are benefiting from this rally though but the ones that are include Litecoin and Neo which are the only two adding double digit gains in the top forty at the time.
Litecoin price rallied recently after forming a support base at $31. 00. LTC tested the $40. 00 resistance and it may continue to move higher towards $50. 00 Key Talking Points Litecoin price finally surged higher towards the $40.
A look at the Weekly Litecoin chart in logarithmic form shows that price fell to the $20-25 support area formed by the 2014 high. Afterwards, the price began a rally, and it is now trading at $30.
Litecoin price is forming a solid support above the $22. 00 level. LTC seems to be forming a base for a major upward move above $25. 00 and $30. 00. Key Talking Points Litecoin price remained well bid above the $22.
It’s back to profitability for most altcoins as they register double digit gains. Leading the pack is XLM/USD and ADA/USD trading above important resistance levels. We expect most altcoins to keep expanding throughout this week as they reverse 2018 losses as price action form the foundation of a mega-rally.
Litecoin price is gaining pace above the $54. 00 support against the US Dollar. LTC/USD may continue to move higher and it could even break the $58. 00 and $60. 00 resistances. Key Talking Points Litecoin price traded further higher and broke the $56.
Litecoin price gained bullish momentum and broke the $50. 00 and $53. 00 resistances against the US Dollar. LTC/USD remains well supported on dips near $52. 00. Key Talking Points Litecoin price traded higher recently and tested the $55.
Latest Litecoin News Inspired by events leading up to crypto rally fever pitch of Dec 2017, the Litecoin development team plan to implement Litecoin core 0. 17 where network fees will be slashed by a factor of 10.
Even with Huobi availing HUSD, most altcoins are struggling to stay afloat under heavy bear pressure. The slide is clear in Stellar Lumens which despite being stable from a long-term point of view can’t simply rally above 25 cents and 30 cents triggering bulls aiming at 50 cents.
While Litecoin might be a “relic” according to Tushar Jain, their developers are ready to slash transaction costs by a factor of 10 once Litecoin core 0. 17 goes live. The release date is tentative but what we know for sure is that EOS trade volume are roughly five percent that of Ethereum.
LTC/USD Medium-term Trend: Ranging Resistance Levels: $66, $68, $70 Support Levels: $46, $44, $42 Yesterday, October 17, the price of Litecoin was in a sideways trend. On October 15, the digital currency had a price rally which made the price to reach the high of $62 but pulled back to the low of $56. Litecoin […]
Litecoin price is trading nicely above the $52. 50 support against the US Dollar. LTC/USD looks set to gain bullish momentum above the $54. 00 resistance. Key Talking Points Litecoin price is positioned for an upside move above the $52.
LTC/USD Medium-term Trend: Ranging Resistance Levels: $66, $68, $70 Support Levels: $50, $52, $49 Yesterday, October 15, the price of Litecoin had a price rally and the crypto's price reached the high of $62 but was repelled.
In recent days, price action has been supportive of Litecoin bulls that are up seven percent in the last day. Though we hold a neutral and bearish stance in light of crashing reports by Tushar Jain who is a managing partner at Multicoin, should buyers rally past $60, then odds are prices might test $70 […]
Litecoin Price Key Highlights Litecoin price could be done with its drop as a double bottom may be forming on the 4-hour chart. Technical indicators are showing mixed signals at the moment as selling pressure remains present.
The Litecoin network continues to run smoothly and cheaply, despite being less flashy than it’s competition. The project has suffered from a lack of planned development over the past few months, which shows in the lack of GitHub commits, tweets, and website.
Cryptocurrency values have taken a bearish turn this week as negative market sentiment suppresses a minor late-July rally, with most major alts taking a hit as confidence in Bitcoin wavers. Positive news from crypto trading giant Coinbase, however, has provided both Ethereum Classic and Basic Attention Token with immunity from bearish market action.
Over the past week, the U.S. SEC has rejected one Bitcoin ETF application and postponed its decision on another. Watching the markets react to this will allow us to gauge whether the trend has turned positive, or the recent pullback was just a bear market rally
The potential approval of a Bitcoin ETF by the U.S. SEC would be a boost to the crypto markets, but not to the extent of last year’s rally. What will the price action be until then? Let’s look at the charts
Some altcoins are falling even as Bitcoin is experiencing a rally - what is the reason for the increasing BTC dominance? Let’s see what the charts have to say
On July 20th, the CNBC Fast Money panel discussed Bitcoin’s massive rally this week with Brian Kelly, the Founder and CEO of the financial firm BKCM LLC. Kelly also conveyed his thoughts on Stellar overtaking Litecoin on the cryptocurrency rankings recently.
The crypto markets have rebounded somewhat, with a long-term Summer rally is still not very likely. But what to expect in the short term? Check out our price analysis
The crypto markets have rebounded somewhat, with a long-term Summer rally is still not very likely. But what to expect in the short term? Check out our price analysis
Besides IOTA whose buyers have been consistent in the last three days, others are literally stagnant. EOS is still trending below $9 despite the clout surrounding RAM while Litecoin is likely to break above $90 today.
As supply hit the market hard this week, LTC lost a key psychological level and dipped to a month’s low. Posting a huge loss weekly, it is now looking bearish following a consistent drop since the start of the month.
When the US Securities and Exchange Commission (SEC) approved the 11 initial applications for spot ETFs last January 2024, it signaled a favorable environment for Bitcoin. The top digital asset’s price surged thanks to increasing institutional attention.
Following a short recovery from the recent correction, LTC initiates fresh drops after failing to push above last week’s breakdown level. It currently appears weak on the day following a slight 3% loss.
According to data from @intotheblock, a remarkable 78% of Litecoin ($LTC) addresses have held their coins for over a year, reflecting a strong level of commitment among its investors. Historically, long-term holders in previous market cycles often accumulated more during bearish phases and took profits when prices peaked. Interestingly, while […]
Despite the latest reduction, Litecoin’s sentiments remain positive in the mid-term. It maintained a higher high and higher low pattern on the daily chart. A break above the monthly high could stir a fresh rally.
Following a recent monthly breakout, Litecoin surged to a new yearly high after registering a mind-blowing 100% gain in a month. The trend appears more bullish daily as it poises for a big price movement.
