Litecoin / USD Technical Analysis: Head Above The Water

Litecoin / USD Technical Analysis: Head Above The Water
фото показано с : cryptobriefing.com

2019-2-8 17:01

Litecoin is turning more bullish in the short-term with dip-buyers taking control LTC / USD pair is bearish in medium-term and trapped inside a large descending price channel Bulls could test the $60.00 level if key trendline resistance on the daily time frame is broken. Litecoin / USD Short-term price analysis

 

In the short-term, Litecoin is turning bullish with dip-buyers taking control of the cryptocurrency. The four-hour chart highlights the current battle going on between bulls and bears, with a head and shoulders pattern facing-off against an inverted head and shoulders pattern.

Traders should be cautious until a breakout occurs, both patterns remain valid and the direction of trade surrounding Litecoin in the short-term is still sketchy.

An interesting recent development on the LTC / USD pair is its price-action, which is starting turn more bullish in comparison to other leading cryptocurrencies.

 

Pattern Watch

The four-hour time frame chart best illustrates the current battle underway between bulls and bears.

 

 

LTC / USD H4 Chart                                                                         (Source: TradingView)

 

 

Relative Strength Index

The Relative Strength Index has turned bullish on the four-hour time frame, traders should watch for continued price stabilization above the neutral line for a bullish signal.

 

MACD Indicator

The MACD histogram is starting to follow price higher on the mentioned time frame, with the signal line crossing higher.

Litecoin / USD Medium-term price analysis

 

Litecoin is bearish over the medium-term but is certainly one of the more interesting cryptocurrencies in terms of its potential for a strong upside or downside move over this time horizon.

The LTC / USD pair has been trapped in a descending price channel and has recently moved towards the top of the channel, with bulls ultimately failing to perform a technical breakout. Price is currently consolidating below the upper trendline with dip-buyers still holding up LTC / USD price-action relatively well.

A further technical rejection from the channel or false break is likely to prompt a move toward the channel bottom in the medium-term. The bullish scenario would take Litecoin towards the $60.00 region, judging by the size of the inverted head and shoulder pattern.

 

Pattern Watch

The descending channel on the daily time frame is defining the trading action over the medium-term, traders should also be cautious about the potential inverted head and shoulders pattern forming.

 

 

LTC / USD Daily Chart                                                                         (Source: TradingView)

 

 

MACD Indicator

The MACD histogram is currently failing to generate a reliable trading signal on the daily time frame.

 

Stochastic Indicator

The Stochastic indicator is approaching oversold territory on the daily time frame; this should be taken as a bearish development as it favors a reversal from the channel top.

Conclusion

 

Litecoin is showing bullish potential with the daily time frame offering a more reliable gauge of what the likely path of travel for this cryptocurrency is likely to be.

Trading action is certainly becoming more interesting over both time horizons and offers a solid opportunity for either breakout or swing traders.

 

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Litecoin
(LTC) Price $39.43 Market Cap $2,374,314,108.89 #ccpw-ticker-24552 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24552 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24552 a.tabperiods.tabperiods_active, #ccpw-ticker-24552 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24552 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24552 .coin-container:after, .ccpw-container_four #ccpw-ticker-24552 .coin-container:after {border-color:#ccc !Important;}

 

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The post Litecoin / USD Technical Analysis: Head Above The Water appeared first on Crypto Briefing.

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Litecoin (LTC) на Currencies.ru

$ 89.26 (-0.59%)
Объем 24H $1.277b
Изменеия 24h: 5.69 %, 7d: 10.55 %
Cегодня L: $88.16 - H: $89.79
Капитализация $6.714b Rank 22
Цена в час новости $ 43.78 (103.88%)

litecoin usd above water head technical analysis

litecoin usd → Результатов: 126


Litecoin Price Analysis LTC / USD: Leaning On Support

Litecoin has a neutral short-term trading bias, with the cryptocurrency trading around its 200-period moving average on the four-hour time frame The four-hour time frame is showing that the LTC / USD pair has stopped creating higher highs The daily time frame continues to show that medium-term bulls are still in control Litecoin / USD […] The post Litecoin Price Analysis LTC / USD: Leaning On Support appeared first on Crypto Briefing.

2019-7-2 17:01


Фото:

Huobi.com в США запустила крипто-фиатные торговые пары

Американский партнер Huobi — криптобиржа Huobi. com — запустила торговые пары с долларом США. Первоначально пользователям предлагается торговля USD против трех криптовалют — биткоина (BTC), Ethereum (ETH) и Tether (USDT).

2019-2-6 13:49


Huobi будет сотрудничать с американской компанией Prime Trust

Американская биржа HBUS (подразделение Huobi Group) будет сотрудничать с финансовой компанией из Невады Prime Trust для поддержки ввода и вывода фиатных средств. Американская трастовая компания Prime Trust предоставляет сервис защищенных сделок и работает с транзакциями в фиатных деньгах и в криптовалютах.

2019-2-6 12:05


Прогноз лайткоина на февраль 2019 года

Привет на новостях криптовалют, с вами Виктор Томилин (время чтения ~ 3 минуты) В статье аналитика и прогнозы от профессиональных трейдеров сервиса tradingview на февраль 2019 года в паре Litecoin, лайткоин/доллар – LTC/USD.

2019-1-30 16:10


Фото:

Биржа криптовалютных деривативов Huobi добавила поддержку Litecoin

Платформа криптовалютных деривативов Huobi DM объявила о начале поддержки Litecoin (LTC) Huobi DM launches #Litecoin (#LTC) contract trading today! Delivery fees: 0. 05% Open/Close Trading fees: 0. 02% (Makers), 0.

2019-1-25 17:58


Litecoin Mines Coin Number 60 Million and Ben Askren Announces Litecoin Sponsorship For UFC 235 — Can LTC/USD Head Back Toward $42?

Litecoin has just mined coin number 60 million. UFC Fighter, Ben Askren, recently announced that Litecoin is sponsoring him… The post Litecoin Mines Coin Number 60 Million and Ben Askren Announces Litecoin Sponsorship For UFC 235 — Can LTC/USD Head Back Toward $42? appeared first on Invest In Blockchain.

2019-1-15 22:31


Прогноз лайткоина на январь 2019 года

Привет на новостях криптовалют, с вами Виктор Томилин (время чтения ~ 3 минуты) В статье аналитика и прогнозы от профессиональных трейдеров сервиса tradingview на январь 2019 года в паре Litecoin, лайткоин/доллар – LTC/USD.

2019-1-2 12:00