Litecoin forms a trend reversal pattern, here's where you can take profit
Litecoin [LTC] formed an inverse head and shoulders pattern - a trend reversal formation that may set the asset for a 30% potential rally or reversal. Which way for LTC?
Keep up with what's happening in the crypto world in real-time.
Litecoin [LTC] formed an inverse head and shoulders pattern - a trend reversal formation that may set the asset for a 30% potential rally or reversal. Which way for LTC?
Dogecoin rebounded from Wednesday's drop, with the meme coin briefly climbing back above $0.090 in today's session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.
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Litecoin started a fresh decline below the $95 zone against the US Dollar. LTC price is now trading below $95 and the 55 simple moving average (4 hours).
Litecoin price analysis shows a downward trend since the beginning of today. The bears have been dominant in the market, pushing the price down from a high of $101.35 to a low of $100.6.
Chainlink rose to a six-month high in today's session, as crypto markets moved back into the green on Tuesday. Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process.
The price of Litecoin (LTC) is rising after breaking the initial resistance level at $96.
A widely followed analyst believes that the crypto markets at large have more room to run to the upside before witnessing a significant retracement.
The $7 billion transaction milestone in such a limited time indicated LTC's growth as healthy. This was further reflected in the altcoin's price action.
Litecoin price is gaining pace above the $100 zone against the US Dollar. LTC could rise further if there is a clear move above the $105 resistance zone.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. ICP, TWT, Decentraland, Litecoin, and Loopring (LRC) have emerged as the top gainers of the day, while Rocket Pool, Solana, Immutable, Algorand, and Kava are the top losers.
The crypto market continues to increase in prices. Will LTC reach 150$ soon?
The recent Litecoin price analysis shows an uptrend in the price of LTC, with it touching a high of $98.82. The buying pressure is strong, as bulls are driving the market higher, as more investors look to gain exposure in the cryptocurrency market.
In the dynamic world of cryptocurrencies, two projects with strong communities and promising futures are Litecoin (LTC) and VeChain (VET). Both cryptocurrencies have been working diligently on improvements that are set to propel them to new heights, potentially surprising many in the industry.
A popular crypto analyst says that multiple indicators are suggesting that digital asset markets are gearing up for a rapid expansion to the upside.
The Litecoin price analysis reveals that the LTC/USD pair has started to gain bullish momentum after a period of consolidation at around $96.85. Although the bears were in control of the market for most of the past week, they were unable to push the price lower at the $95.
Dogecoin rival Shiba Inu (SHIB) has surpassed Binance USD (BUSD) in market capitalization, moving into the 14th spot on CoinGecko's rankings. It currently has a market cap of $6.8 billion as of Apr. 16.
The cryptocurrency market is experiencing a resurgence, with several major digital assets displaying strong gains. Ethereum is trading above $2,100, BNB has climbed to $332, Bitcoin is holding at $30,394, Solana sits at $24.34, and Litecoin is priced at $96.20.
Bitcoin hit a year-to-date high at $31,000 and ETH price followed. Which altcoins will be next?
Buyers are not going to give up as most of the coins keep trading in the green zone.
On-chain data analysis shows how Litecoin miners and whales are driving the recent bullish price momentum. Will LTC breach the $110 resistance?
Litecoin has seen large volatility in 2023, but while many altcoins reversed their former downtrend, LTC remained stuck within a range. At the time of writing, it was trading just beneath the $100 zone of resistance.
On-chain data reveals the direction that large institutional investors are turning their attention to make the most of the crypto rally.
Litecoin price analysis shows an uptrend in the past few hours with bullish momentum. LTC/USD surged to highs of $94.32 as bulls take control of the market.