LTC heads up after finally breaching the resistance at $60

LTC heads up after finally breaching the resistance at $60
фото показано с : invezz.com

2020-8-19 14:50

Litecoin price managed to breach a key resistance level for the first time since late January. This is a level that often acts as a strong resistance, but once breached, it becomes a powerful support, and LTC only breached it a few days ago, continuing up in the meantime.

LTC surges in the early months of the year

Litecoin demonstrated its strength and willingness to grow in the early days of the year, as it surged as soon as 2020 kicked off. The coin went up immediately, heading from its support at $40 to the resistance at $60  in only two weeks.

After being initially rejected by this price, LTC surged yet again, this time even stronger. It eventually doubled its initial price of $40, hitting $80. However, LTC did not manage to breach this level, and other than a slight peek above it, it was the highest it got in 2020.

Soon after that, LTC started slipping and sinking, as the bull market withdrew, and bears forced the prices down.

LTC dropped back to $60, this time a support, rather than a resistance. However, before the coin made an attempt to go back up to $80, the March price drop led it down to a new bottom at $30.

LTC proceeds to recovery

After dropping to a new yearly low, LTC started climbing up. However, the process was not as simple and as easy as it seemed to be for many other cryptos. LTC struggled with every small resistance in its way, and it took full two weeks for it to go back up above $40.

This was enough to show that it still has strength for a recovery, and that it is a good opportunity. And, as many hurried to buy LTC, the coin went up. However, it hit the ceiling once it reached $50.

The level was simply too strong, and it kept rejecting the coin’s price. LTC spent months between this resistance and $40, only to finally break the ceiling in late July.

This led it back to $60, and with a little struggle, LTC finally broke this resistance too. Currently, it sits at $66.66, with its next target seemingly being $80.

The post LTC heads up after finally breaching the resistance at $60 appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Resistance (RES) на Currencies.ru

$ 0 (+0.02%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -20.21 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0025882 (-100%)

resistance breached level ltc once often acts

Источник: invezz.com

resistance breached → Результатов: 126


Фото:

Crypto News Roundup for August 11, 2020

The rise of DeFi and the optimism surrounding ETH 2.0 seem to have sparked new life into the altcoin market cap as it breached a multi-year resistance level late on Aug 10. Expectedly, this new development has been deciphered by many analysts and industry insiders as the imminent arrival of the so-called “altseason”, a period […] The post Crypto News Roundup for August 11, 2020 appeared first on BeInCrypto.

2020-8-12 22:44


Tezos, Chainlink continue positive trend as Ethereum Classic struggles near critical support

As Bitcoin's dominance took a dip, altcoins have posted major gains. Many lesser-known altcoins breached significant resistance levels as they rallied. As market observers anticipated for an alt-seasoThe post Tezos, Chainlink continue positive trend as Ethereum Classic struggles near critical support appeared first on AMBCrypto.

2020-2-16 19:30


Фото:

For the Bitcoin Price to Reach $9200, the 200-Day Moving Average Must Be Breached

Moving averages (MA) are often very significant in determining future price movements. The price of an asset, like Bitcoin, often reacts to its MAs — either using them for support or resistance. The higher the number of times an asset reacts to an MA, the higher its significance — thus, the more likely it is […] The post For the Bitcoin Price to Reach $9200, the 200-Day Moving Average Must Be Breached appeared first on BeInCrypto.

2019-10-10 17:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Litecoin's hash rate hits new high - Will it push LTC higher?

Litecoin consolidation zone breakout underscores potential for a bigger rally in the second half of November. Litecoin hash rate hits new ATH while open interest demonstrates growing activity iThe post Litecoin's hash rate hits new high - Will it push LTC higher? appeared first on AMBCrypto.

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.