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Seasoned trader and creator of the Bollinger Bands technical indicator, John Bollinger, believes that a once-promising trade setup on Litecoin (LTC) is on the verge of fizzling out without a payoff.
Litecoin price analysis shows that the bulls have taken control of the LTC/USD pair after a brief correction period. The price is currently trading above the $51.00 level and is set to continue higher soon.
Litecoin is facing a major resistance near the $52.00 zone against the US Dollar. LTC price is now trading below $52.50 and the 55 simple moving average (4-hours).
Coinqvest surfaces as the Tier SEP-6 transfer server on the Stellar Network.
Litecoin (LTC) price is in a downtrend as it falls to the $50 low and resumes its upward move. In the last 48 hours, Litecoin has been making bullish moves.
Litecoin's bullish momentum has likely fizzled out. Veteran trader John Bollinger explains why
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
Comparative analysis of the price performance of these four cryptocurrencies reveals a merciless comparison
Litecoin [LTC] had some good news to share with the crypto community as it mentioned that LTC had zero downtime in over 11 years of its existence. This represented the reliability of the blockchain.
Technology updates on blockchain networks show commitment to making ecosystems more efficient for users. On the other hand, not all updates are good - some bring controversy and questions, like Algorand (ALGO) and Litecoin (LTC)'s latest moves.
Litecoin price analysis is currently bearish as the market slides below $50.86. This comes after a period of consolidation around this price level.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin rejected multiple times at $53.
Litecoin has been tremendously growing in its popularity. It has been striving and pushing hard for the adoption campaign, mainly after the MWEB upgrade.
Litecoin price analysis shows that LTC prices are currently in bearish market sentiment. Prices have been on a downtrend for the last few hours and have currently found some support at $51.80.
Litecoin price analysis is bullish, with the LTC/USD pair rising to the $51.28 level. The price action recently created a bullish engulfing candlestick pattern, which indicates that the bears are losing control.
Throughout the month, the Litecoin price has traded within a very narrow price range of between $50 and $55.
Litecoin price analysis for today shows a bearish trend. There is strong support for the LTC/USD pair at $48.90 and resistance at $52.44.
The Ethereum merge is the most significant singular incident that caused many stirs in the crypto space. We live in the post-merge Era, utilizing the improved Ethereum blockchain and a proof-of-stake consensus protocol.
LTC price breaks down into a descending triangle as price failed to break above resistance, holding price from trending higher. LTC trades below 8 and 20-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle.
The price of Litecoin (LTC) is in a downtrend as it drops below the 21-day line SMA.
Litecoin price analysis predicts an increasing trend for cryptocurrency today. Although the price was facing bearish resistance earlier, the bulls have managed to bring the price to $52.47 in the last 24 hours.
Today, the overall crypto market has turned red as the global crypto market cap has plunged by 1.76% over the last 24hrs and is trading at $921 Billion. Amidst this market crunch major cryptocurrencies have dropped below their crucial key levels.
The pseudonymous crypto trader who nailed Bitcoin's collapse this year is forecasting brief rallies for BTC, Stellar (XLM) and Litecoin (LTC) prior to the resumption of their downtrend.
Litecoin price analysis confirms that a bearish trend has been dominating the charts for the past few days. A decrease in price levels has been observed in the last 24 hours as well, which is quite discouraging for the buyers.
