Litecoin Price Analysis: LTC Looks to Bounce off $300 As BTC Retests $50k

Litecoin Price Analysis: LTC Looks to Bounce off $300 As BTC Retests $50k
фото показано с : coinjournal.net

2021-5-13 11:55

Litecoin mirrored a widespread sell-off in the crypto market after Elon Musk revealed that Tesla would not be accepting Bitcoin (BTC) payments 

The price of Litecoin dropped to lows of $298 during the early trading session on 13 May, the dump happening as the market reacted to Tesla’s decision not to accept BTC for payments.

While the market is looking to buy the dip, thus rebounding off intraday lows, it remains to be seen how the Tesla narrative pans out. This comes after the company said it would be considering other cryptocurrencies.

“Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”

Litecoin, which shed 17% to dip further off its recently reached new all-time high of $412, is trading above $330. Meanwhile, Bitcoin is looking to recover from a 15% dump to lows of $46k, with the benchmark cryptocurrency changing hands around $50,900.

Litecoin Price Analysis

A break below the support line of a contracting symmetrical triangle saw LTC price tank to lows of $298.

LTC/USD 4-hour chart. Source: TradingView

Litecoin bulls are currently looking to push prices higher after rebounding off the horizontal support line (red dotted).

As seen on the chart, buyers have managed to push prices above $300 and retested resistance at $335. There’s room for more gains, although the action is likely to be capped at the 61.8% Fibonacci retracement level ($341) and the 20-day EMA ($356).

If bulls push prices above the hurdles, the main short-term targets on the upside will be $384 and $400.

The LTC/USD 4-hour chart, however, shows that the RSI is below 50, indicative of bear presence despite the bounce off the oversold region. The downsloping curve of the moving average is also indicative of a potential flip lower.

Therefore, LTC/USD could break towards the $300­-$270 region if the market trends downwards in the coming days.

 

The post Litecoin Price Analysis: LTC Looks to Bounce off $300 As BTC Retests $50k appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 67.18 (+0.16%)
Объем 24H $271.083m
Изменеия 24h: 1.09 %, 7d: -6.89 %
Cегодня L: $64.67 - H: $67.18
Капитализация $5.05b Rank 20
Цена в час новости $ 321.82 (-79.12%)

litecoin btc 50k off retests bounce price

Источник: coinjournal.net

litecoin btc → Результатов: 126


Чарли Ли: купите хотя бы один биткоин, а альткоины потом

Создатель Litecoin Чарли Ли посоветовал участникам сообщества вначале приобрести хотя бы 1 BTC, а затем инвестировать в альткоины. Он подчеркнул, что это правило касается и Litecoin. There will be at most 21 million bitcoins in existence.

2018-7-18 11:51


Создатель Litecoin: купите хотя бы 1 BTC перед тем, как инвестировать в любые другие альткойны

Cоздатель Litecoin Чарли Ли посоветовал пользователям получить хотя бы 1 BTC, прежде чем покупать любые другие криптовалюты, включая LTC. Сообщение Создатель Litecoin: купите хотя бы 1 BTC перед тем, как инвестировать в любые другие альткойны появились сначала на Freedman.

2018-7-18 23:49


Фото:

Litecoin’s Charlie Lee: Buy At Least 1 Bitcoin… Before Litecoin

Litecoin (LTC) creator Charlie Lee has advised cryptocurrency investors to buy Bitcoin (BTC) before any other asset – including Litecoin. Bitcoin First, ‘Shitcoins’ Later In a tweet dated July 17, Lee, who continues to pour time into Litecoin development and partnerships despite selling his own holdings earlier this year, appeared to refer to his creation as a “shitcoin.

2018-7-18 23:00


Биткоин-биржа WEX перенесла срок вывода средств до 22 июля

Популярная среди многих русскоязычных пользователей криптовалютная биржа WEX объявила, что возможность вывода биткоина, Litecoin, Ethereum, Bitcoin Cash и Dash переносится на 22 июля. Администрация биржи объясняет это «продолжающимися техническими работами на серверах».

2018-7-16 19:16


В приложении Robinhood появились новые криптовалюты  

На платформе Robinhood, популярной среди молодых инвесторов, появились две новые криптовалюты. Как сообщает Сryptocartel. club, речь идёт о форках биткоина Bitcoin Cash и Litecoin. О добавлении цифровых активов представители компании объявили 12 июля, — говорится в сообщении.

2018-7-13 13:33


Чарли Ли: Litecoin может дополнить Lightning Network биткоина

Создатель Litecoin (LTC) Чарли Ли уверен, что его криптовалюта станет отличным дополнением Lightning Network, а сама технология может вскоре стать децентрализованной биржей. Litecoin will also be the easiest onramp onto the Lightning Network.

2018-7-13 08:44


Чарли Ли: Litecoin может стать ключевым элементом в сети Bitcoin Lightning Network

Основатель Litecoin (LTC) Чарли Ли не скрывает своего энтузиазма по поводу сети Lightning Network и роли Litecoin в ней, сообщает Cryptovest. Недавно он написал в твиттере, что узлы Litecoin могут быть подходящим дополнением, а Lightning Network (LN) может перерасти в децентрализованную биржу: Litecoin will also be the easiest onramp onto the Lightning Network.

2018-7-13 18:19


Фото:

В приложении Robinhood Crypto добавлена поддержка LTC и BCH

Американское торговое мобильное приложение Robinhood Crypto добавило поддержку двух новых крупных криптовалют — Litecoin (LTC) и Bitcoin Cash (BCH). Как указала в своем заявлении компания, этот шаг стал ответом на сильный спрос со стороны криптоинвесторов на расширение первоначального списка поддерживаемых криптовалют.

2018-7-13 17:57


Western Union files new patent with reference to Bitcoin [BTC] and Litecoin [LTC]

On 5th July, Western Union Company, an American Financial Services and Communication company filed a new patent with the US Patent and Trademark Office. The patent aims at ‘receiving and handling secure transfers’ in the electronic transfer network space which includes the transfer of cryptocurrency or digital currency from one device to another from different […]

2018-7-7 22:59


Prior best rated trio crypto exchange btcc reopens, announces future release of native tokeb

BTCC, formerly known as BTC China, has relaunched its crypto trading platform and revealed plans to issue its own native token, according a company announcement Monday, July 2. The rehauled crypto exchange is now live, offering trading for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) against the U.S. dollar, as well as

2018-7-2 17:58


Фото:

Just How ‘Cool’ is the CoolWallet S? (Review)

The CoolWallet S by CoolBitX is a credit-card-like hardware wallet for storing Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and select ERC20 tokens — but just how “cool” is it? Let’s find out!  Design First and foremost, let’s get one thing straight — you’re not going to find a ‘cooler’ looking hardware wallet anywhere on the market today.

2018-6-24 17:00


Создатель Litecoin ставит 250 BTC на бессмысленность SegWit2x

Чарли Ли, в свое время создавший один из наиболее популярный альткоинов – Litecoin, упорно отстаивает собственную позицию относительно хардфорка SegWit2x, продолжая агитировать и других членов криптовалютного сообщества выступать против него.

2018-6-22 15:11


Фото:

Government Save Bank of St. Louis Includes Crypto Cost Following to Inquire about Database

The Federal Reserve Bank of St. Louis will now be tracking the prices of four cryptocurrencies on their research database, according to a June 19 post on the bank’s website. The database, called the Federal Reserve Economic Data (FRED), will now include the prices of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) from

2018-6-22 00:48


Фото:

Bloomberg fatal records Crypto Advertise File From World’s Third Biggest Trade Huobi

Bloomberg Terminal, a paid financial data monitoring service, will now list crypto exchange Huobi’s Cryptocurrency Index, according to a press release shared with Cointelegraph today, June 21. Bloomberg Terminal will also list prices for nine crypto trading pairs, denominated in Tether (USDT), including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP),

2018-6-21 22:40


Фото:

Чарли Ли считает, что взлом Bithumb не меняет основ биткоина

Недавний взлом ведущей криптовалютной биржи Bithumb «на самом деле не меняет основ биткоина». Такое мнение выразил основатель Litecoin (LTC) Чарли Ли в интервью CNBC, пишет Сryptocurrency. tech. По словам Ли, падение цен является типичной реакцией рынка на новости о взломе, и «это происходит постоянно», потому что многих это пугает.

2018-6-21 16:11


Фото:

Ждать ли роста курса биткоина. Эксперты уверены, цена BTC «вернётся довольно скоро»

По мнению создателя Litecoin Чарли Ли, произошедший недавно взлом криптобиржи Bithumb «на самом деле не меняет основ биткоина».

2018-6-21 13:06


Чарли Ли: Взлом Bithumb не меняет основ биткоина

Недавний взлом ведущей криптовалютной биржи Bithumb «на самом деле не меняет основ биткоина», такое мнение выразил основатель Litecoin (LTC) Чарли Ли в интервью CNBC. По словам Ли, падение цен является типичной реакцией рынка на новости о взломе, и «это происходит постоянно», потому что многих это пугает.

2018-6-21 10:42


Bitcoin [BTC], Litecoin [LTC], Ethereum [ETH], Bitcoin Cash [BCH], Zcash [ZEC] now accepted by Freedom of the Press Foundation

Freedom of Press, on June 18th, tweeted that it will accept donations in five cryptocurrencies – Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and ZCash. It was founded for the purpose of protecting and defending the adversarial journalism and does so through crowdfunding, digital security, and internet advocacy.

2018-6-21 05:02


Bitcoin [BTC], Litecoin [LTC], Ether [ETC] now accepted by an Australian pharmacy!

TravelByBit, on June 18th, announced another merchant on board to accept payment in cryptocurrencies. By doing this, TravelByBit introduced a new industry among their list of merchants! Lugarno Pharmacy, a store near Sydney is now accepting cryptocurrencies – Bitcoin [BTC], Litecoin [LTC], Dash [DASH], and Ethereum [ETH] for medications. TravelByBit’s recent Tweet | Source: Twitter […]

2018-6-19 09:02


Аптека в Австралии начала принимать Bitcoin, Litecoin, Ethereum и др.

Находящийся неподалеку от Сиднея магазин Lugarno Pharmacy теперь принимает криптовалюты Bitcoin (BTC), Litecoin (LTC), Dash (DASH) и Ethereum (ETH) в качестве оплаты за лекарственные препараты

2018-6-19 18:28


Investments Open Between $250k and $20m – Us Coin Base Index Fund

U.S.-based crypto wallet and exchange Coinbase’s Index Fund is now open for large-scale investors, according to an official blog post published yesterday, June 13. The index includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), as well as Ethereum Classic (ETC), whose addition to Coinbase was announced on June 11. Coinbase’s blog post notes

2018-6-14 17:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Litecoin price prediction - Buyers, is it time to wait for a breakout?

Litecoin, at press time, was at a critical point, facing immediate resistance at $72 and support levels around the 20-day and 50-day EMAs Traders should watch for a patterned breakout to gauge The post Litecoin price prediction - Buyers, is it time to wait for a breakout? appeared first on AMBCrypto.

Litecoin rises as digital asset inflows hit $901 million

Litecoin (LTC) is among altcoins to record slight gains on Monday as Bitcoin (BTC) price spiked above $68k again. This comes as cryptocurrency investment products recorded another mega inflows week, despite BTC struggling as bears rejected the advance above $69k.

Litecoin set for recovery? LTC's $36B on-chain activity suggests...

LTC has declined by 3.74% over the past week. Despite the decline, Litecoin's on chain activity surges with 512.8 million moving on-chain. After a sustained decline, Litecoin [LTC] saw a brThe post Litecoin set for recovery? LTC's $36B on-chain activity suggests... appeared first on AMBCrypto.

Litecoin (LTC) founder is optimistic about spot ETF approval

Litecoin received a major boost last week when asset management platform Canary Capital filed for the listing of a spot Litecoin exchange-traded fund. Now Litecoin founder Charlie Lee says he believes the US Securities and Exchange Commission will give a greenlight for the spot Litecoin ETF.

Is Litecoin's price revival underway? Social engagement could be key!

Litecoin concluded a bullish week aided by a resurgence in social engagement Whales have been contributing to the rally, but the cryptocurrency might see a pullback soon It has been an interThe post Is Litecoin's price revival underway? Social engagement could be key! appeared first on AMBCrypto.

Litecoin price prediction - Here's what a move to $82 and beyond depends on

Bullish momentum and buying pressure suggested that Litecoin is likely to climb towards $74 and beyond A move beyond $82 would suggest that a long-term uptrend is possible Litecoin [LTC] traThe post Litecoin price prediction - Here's what a move to $82 and beyond depends on appeared first on AMBCrypto.

Litecoin ETF next? Canary Capital makes a move, LTC surges

Canary Capital files for Litecoin ETF. LTC surges 6.3% post-filing. Institutional demand for cryptocurrency exchange-traded funds [ETFs] has grown exponentially, and Canary Capital has positThe post Litecoin ETF next? Canary Capital makes a move, LTC surges appeared first on AMBCrypto.