Is Litecoin [LTC] Losing Steam as Lower High Forms?

2018-12-18 18:44

Litecoin Daily Chart – Source: Tradingview.com

Litecoin underwent a huge surge over the past few days after overtaking Bitcoin Cash in the cryptocurrency market cap rankings.

The price increased from around $22.70 to a high above $30 yesterday, an over 30% increase.

The price has since started to retrace, and traders may be getting indications that the surge is coming to an end. Today’s candle is forming a Doji.

A Doji candle is a candle where the open and close of the candle are around the same point and typically represents uncertainty from the side of traders.

Litecoin Hourly Chart – Source: Tradingview.com

Other factors also would indicate that Litecoin is likely to move downwards from here.

It is underperforming other major cryptocurrencies in the top ten over the past 24 hours.

The hourly chart has also started to record lower highs, a sign that the recent surge may be over.

This perspective is further supported by the hourly MACD and RSI decreasing.

This shows that the short-term momentum is on the side of sellers and price which may push the price to lower levels from here.

Key Takeaways: After a significant surge, numerous factors indicate that Litecoin maybe after reaching the end of its surge. The daily candle is forming a Doji showing uncertainty on the side of traders. The hourly chart is forming lower highs along with the hourly MACD and RSI decreasing. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Is Litecoin [LTC] Losing Steam as Lower High Forms? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Voltage (HVCO) на Currencies.ru

$ 0.0012187 (+0.56%)
Объем 24H $0
Изменеия 24h: 0.13 %, 7d: -0.82 %
Cегодня L: $0.0012066 - H: $0.0012233
Капитализация $0 Rank 8594
Цена в час новости $ 0.0079253 (-84.62%)

high litecoin price bitcoin cryptocurrency surge steam

Источник: blokt.com

high litecoin → Результатов: 79


“Bitcoin and Litecoin are dead, but I am in love with Ethereum and ZCash”, says teenage bitcoin millionaire

Erik Finman made his first million in Bitcoin thanks to a $1,000 gift from his grandma, at the age of 12. He ended up dropping out of high school, working the cryptocurrency game, and starting his own online tutoring company – which he sold for 300 bitcoins (worth approximately $60,000 at the time).

2018-12-15 23:56


Why does Nano (NANO) seem to take the hardest hits in the bear market?

Nano is a 2 year old project that aims to outcompete bitcoin and litecoin (and others) and be the globally accepted payment coin. Easier said than done. Nano had a meteoric rise in last year and even though it is very low right now in comparison to its all time high value, it still outperformed […] The post Why does Nano (NANO) seem to take the hardest hits in the bear market? appeared first on CaptainAltcoin.

2018-12-3 02:35


Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30


Фото:

Could LTC Ever Recover?

Litecoin is on a recent high after it has taken a hike to the $60 + levels. Despite this, it still has to reach the levels of above $100 as seen earlier this year. Following the promising developments coming out of the Litecoin space, one question keeps cropping up to the followers of the cryptocurrency… Could LTC ever recover? Recent news in the market for Litecoin shows an introduction for the coin to CoinText.

2018-10-2 20:00


The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending

The Lightning Network was created to be the answer to Bitcoin’s slow transaction time and high fees.  Without this improvement in speed and efficiency, everyday spending is impractical. It doesn’t make sense to buy something for only a few dollars if the fees are double or even triple of the price of the item you […] The post The Lightning Network and Litecoin (LTC) can Drive Everyday Crypto Payments and Spending appeared first on ZyCrypto.

2018-9-27 22:27


Litecoin, Stellar Lumens, Monero, Cardano, EOS Price Analysis: Altcoin Sellers Reinvigorated After Sep 18 Pull Backs

Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and.

2018-9-20 03:02


Why Bitcoin Always Gains Against other Altcoins and Move Their Prices

Recent times, the price of Bitcoin has risen so high beyond our expectation to the point that it had added more than $2000 in less than 10 days. To some, it will be a mystery since other top altcoins like ethereum, XRP, Bitcoin cash, EOS, litecoin, cardano, Stellar Lumen, Tron are just following The Price […] The post Why Bitcoin Always Gains Against other Altcoins and Move Their Prices appeared first on ZyCrypto.

2018-7-24 21:43


дальше еще 30 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru