Litecoin (LTC) Price Analysis (February 19)

    • The bullish structure remains intake in both the medium-term and short -term.
    • Sellers may change the trend of the market in the nearby days.

    LTC/USD Medium-term Trend: Bullish

    • Resistance Levels : $80, $90, $100
    • Support Levels: $35.00, $25.00, $15.00

    LTCUSD remains in a bullish trend zone. Bullish momentum at $79.17 in the upper resistance area is high during yesterday's session.

    A bullish spinning top hammer candle opens today’s market at $77.36 in the resistance area.

    Reactions from the bulls further the price of the coin up to $78.37 in the resistance area.

    The formation of a bullish hammer in the resistance area is an indication that the price of the coin may likely encounter a trend reversal, as the price is below the EMA 9.

    The stochastic signal pointing up at around level 50% indicates that the momentum in price of Litecoin is in an uptrend in the medium-term.

    LTC/USD Short-term Trend: Bullish

    The cryptocurrency continues in a bullish market in its short-term outlook. The 4-hourly candle opens today with a bullish spinning top hammer at $77.36 in the resistance area.

    The formation of the spinning top hammer candle signals a trend reversal hence bears brief returns and drops the price down to $75.61 in the support area.

    Price of Litecoin is initially up at $77.84 due to bulls' brief return in the resistance area above the two EMAs. This suggests an uptrend in the price of the coin.

    The stochastic signal pointing up at around level 82% in the overbought region implies that the momentum in price of the crypto is in an uptrend 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

    Binance CEO: Once QE Money Starts Flowing, BTC's Price Will Go Up ‘Very Dramatically'

    “Since coronavirus took over, business-wise the platform is doing really well” - CZ COVID-19, QEg, depression, and countries printing a lot of money...

    South Korean Central Bank to Roll Out Pilot Program to Test CBDC Through Dec 2021

    On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central...

    Former Goldman Sachs Fund Manager Suggests Allocating 25% in Bitcoin

    When Raoul Pal, the former hedge-fund manager who founded Real Vision first learned the coronavirus was spreading rapidly, he thought, “The whole world's f---ed,”. "I...

    PwC Report Reveals 2019's Crypto M&A's Dropped Sharply; Total Value Decreased By 76%

    The 2017 market boom led to the new era of funding in the decentralized space called ICO, however as we entered the bear market...

    How Much New Inflow Bitcoin Needs to Stay at this Price Level?

    For the last 2.5 years, $400 million of new investment each month kept BTC price at $7,000, after halving it would require just...

    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.