LTC / USD Price Analysis: No Shame In Record-Breaking Second Place

2019-5-14 17:01

Litecoin, often described as the ‘silver to Bitcoin’s gold’, has a bullish short-term trading bias, with the cryptocurrency testing back towards the best levels of the year The LTC / USD pair has a strong bullish outlook over the medium-term horizon Bullish inverted head and shoulders patterns have formed across the four-hour and daily time frames Litecoin / USD Short-term price analysis

Litecoin has a bullish short-term trading outlook, with the LTC / USD pair now testing back towards the best levels of the year so far.

The four-hour time frame is showing that the recent upside recovery in the LTC / USD pair has helped generate a bullish inverted head and shoulders pattern.

Technical indicators on the four-hour time frame have turned bullish and continue to issue bullish signals.

 

LTC / USD H4 Chart by TradingView

 

Pattern Watch

Traders should note that the inverted head and shoulders pattern on the four-hour time frame is targeting a $30.00 gain.

Relative Strength Index

The Relative Strength indicator is bullish on the four-hour time frame and shows scope for further upside.

MACD Indicator

The MACD indicator is bullish on the four-hour time frame and continues to issue a buy signal.

Litecoin / USD Medium-term price analysis

Litecoin has an increasingly bullish medium-term trading outlook, with the cryptocurrency attempting a major upside technical breakout.

The daily time frame is showing that the LTC / USD pair is now testing back towards the neckline of the large inverted head and shoulders pattern, with the bullish pattern holding an upside projection of over $70.00.

Technical indicators on the daily time frame have turned bullish and continue to generate buy signals.

 

LTC / USD Daily Chart by TradingView

                                                                                

Pattern Watch

Traders should note that a much larger inverted head and shoulders pattern could start to form on the daily time frame.

Relative Strength Index

The Relative Strength indicator has turned bullish on the daily time frame and shows scope for further upside.

MACD Indicator

The MACD indicator has turned bullish on the daily time frame, with the MACD signal line continuing to issue a buy signal.

Conclusion

Litecoin is testing back towards the best levels of the year so far, with the four-hour time frame pointing to a possible breakout move towards the $125.00 level.

The daily time frame is highlighting that a much larger upside breakout could occur, with the $165.00 and $185.00 levels as possible bullish targets.

 

Check out our coin guide for an introduction to Litecoin.

We also wrote a DARE for the project, perfect to get up to speed on its advantages and risks.

 

Litecoin ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=LTC&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #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;}

 

The post LTC / USD Price Analysis: No Shame In Record-Breaking Second Place appeared first on Crypto Briefing.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Цена в час новости $ 0.8461 (-74.55%)

bullish ltc usd second analysis shame record-breaking

bullish ltc → Результатов: 126


Bitcoin [BTC/USD] and Litecoin [LTC/USD] Price Analysis: Sideways movement takes over as bullish momentum stalls

Price fluctuations in the cryptocurrency industry have been ongoing for some time now, with some cryptocurrencies enjoy a slight bullish run while others still in the bear’s claws. Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant rise in value over the previous week, almost touching the $6000 mark.

2019-5-8 11:30


Price Analysis And Forecast: Bitcoin (BTC), Litecoin (LTC) and EOS

BTC/USD A bull run is seen in the last 24h. The day started with a bullish market rally when the BTC was trading at $5645 (A) and pushed up its momentum to trade at $5,940 (B). At around May 3rd and  4th (C and D), the relative strength index was above 70 indicating overbought in […] The post Price Analysis And Forecast: Bitcoin (BTC), Litecoin (LTC) and EOS appeared first on ZyCrypto.

2019-5-7 16:49


LTC / USD Price Analysis: Bearish Retrace

LTC has a bearish short-term trading bias, with the cryptocurrency testing back towards its 200-period moving average The LTC / USD pair is still holding firm above its key 200-day moving average The bullish inverted head and shoulders pattern on the daily time frame remains valid LTC / USD Short-term price analysis LTC has a […] The post LTC / USD Price Analysis: Bearish Retrace appeared first on Crypto Briefing.

2019-4-30 17:27


LTC / USD Price Analysis: Continuing Descent

Litecoin is neutral in the short-term, with the cryptocurrency testing back towards its 200-period moving average The LTC / USD pair retains its bullish medium-term outlook, with price holding firm above its 200-day moving average A large inverted head and shoulders pattern still remains valid on the daily time frame LTC / USD Short-term price […] The post LTC / USD Price Analysis: Continuing Descent appeared first on Crypto Briefing.

2019-4-23 17:33