Litecoin (LTC) Price Analysis (February 14)

    • The cryptocurrency continues to trade in a bullish trend.
    • Buyers are still in control of the coin.

    LTC/USD Medium-term Trend: Bullish

    • Resistance Levels : $85.00, $95.00, $105.00
    • Support Levels: $35.00, $25.00, $15.00

    Litecoin remains in an uptrend in its medium-term outlook. The bears increased momentum pushed price down to $77.25 in the support area during the session yesterday.

    The momentum was lost as exhaustion sets in coupled with the doji candle at $80.59 in the resistance area, which signals the bull's return as the market opens today.

    The crypto further rises to $81.90 in the upper resistance area, an indication of an upward trend in the price of the coin.

    Price is above the two EMAs in the upper resistance, implies the momentum in price of the coin is in an uptrend.

    The stochastic oscillator signal pointing downwards at around level 85% in the overbought region indicates the price of the crypto may likely encounter a change in trend in the future in the medium-term.

    LTC/USD Short-term Trend: Bullish

    The bullish 4-hour opening candle today sustained the bullish momentum with price up at $80.59 in the upper resistance. The momentum was lost as exhaustion sets in coupled with the doji candle that signals the bears’ return.

    The bears’ brief return at $80.44 in the support area drops the price of the cryptocurrency within the range.

    Price is above the EMAs an indication of an uptrend in price, with the stochastic signal pointing downwards at around level 53% suggest the momentum in price of Litecoin may change in the days ahead in the short-term.

    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication ( holds any responsibility for your financial loss.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Indian State Telangana Govt Launches Blockchain Accelerator With Tech Mahindra

    The IT arm of Mahindra Group and the Telangana government have closed a partnership and aims to launch a blockchain accelerator that will be...

    Ripple Co-Founder' Claims His XRP Sell-Off Doesn't Impact The Market Is ‘Simply Preposterous'

    XRP Whale and former Ripple CTO argues his huge sell offs Not possible to sell off over 2% of the total supply without...

    Ripple (XRP) Price Analysis (February 19)

    Key Highlights The US dollar has now forced the XRP price value into a range trading condition. The XRP/USD price now hovers around $0.30...

    Microsoft Azure Integrates Lition’s Blockchain Tech to Scale Commercial Operations

    Microsoft is one of the fast-moving IT giants in blockchain research for leverage with their existing services. The firm recently integrated Lition blockchain which...

    European Space Agency to Use Blockchain-Powered Satellite Data For Mining Transparency

    Blockchain tech is fast on the track of providing solutions from space despite a skeptical approach towards its major use as per now ‘cryptocurrencies’....

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.