Litecoin Price Prediction: LTC Forecast Analysis

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Litecoin (LTC) Price Predictions: Expert Market Data Forecasts and LTC/USD Value Charts

Contents

Litecoin (LTC) Long-Term Price Forecast: June 8, 2019

  • On the upside, if the LTC market has more buyers at the upper price level, the crypto's price is likely to rise to retest or break the $120 resistance level.
  • On the downside, if the bears break below the EMAs or below the $100 price level, the crypto's price will fall to either a low at $70 or $90 price level.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $105, $110, $115
  • Support levels: $110, $105, $100

The LTC/USD pair is in the bullish trend zone. On May 27, the LTC price reached the $120 overhead resistance level. The following day the bulls were resisted and the LTC market was on a downward correction to the support of the 12-day EMA. Later the market became range-bound trading below the $120 resistance level.

On June 3, the LTC market was in a downward correction to the support of the 26-day EMA. Nevertheless, the 26-day EMA was holding as the bulls made an upward move above the EMAs. Today, the bulls are still facing resistance at the $120 overhead resistance. On the upside, if the LTC market has more buyers at the upper price level, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level. Similarly, if the bears break below the 0.382 (38.2%) Fib, retracement level, the crypto’s price will fall into the downtrend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: June 6, 2019

  • From the Fibonacci retracement level, the price is at the support of the 0.382 (38.2%) Fib. retracement level. At this Fib. retracement level, the bullish trend is expected to continue.
  • In the last three days, the LTC market has been trading between the levels of $100 and $106.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $110, $120, $130
  • Support levels: $100, $90, $80

Yesterday, June 5, the price of Litecoin was in a bullish trend. The LTC market is making a bullish move after the downward correction from the $120 overhead resistance level. The crypto’s price is at the support of the 26-day EMA which indicates that price is likely to rise. On the upside, if price breaks above the 12-day EMA, the bullish momentum will increase to retest or break the $120 overhead resistance.

From the Fibonacci retracement level, the price is at the support of the 0.382 (38.2%) Fib. retracement level. At the 0.382 Fib. retracement level, the bullish trend is expected to continue. The 0.236 and 0.382 Fib. retracement levels are the continuation zone for a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. In the last three days, the LTC market has been trading between the levels of $100 and $106. Yesterday, the bulls break above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

On the upside, if the $106 price level is broken, the bulls will retest or break the $116 and $120 resistance levels. However, if the bulls fail to break the $106 price level, the crypto will resume its range bound movement. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: June 4, 2019

  • On the downside, the bearish trend is ongoing if the trend line remains unbroken.
  • On the upside, if price breaks the trend line and another candlestick closes on the opposite of it, the bearish trend is assumed to have been terminated.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $108, $110, $112
  • Support levels: $104, $102, $100

Yesterday, June 3, the price of Litecoin was in a bearish trend. Yesterday, the bulls were resisted at the $116 price level after failing to retest the $120 overhead resistance level. The LTC market fell to the previous low of May 31 which was the $106 support level. On the downside, if the bearish pressure continues, the crypto’s price is likely to fall to the lows of $100 or $102 support level.

If the price reached the $100 price level, the bullish gains would have been erased. A bearish trend line had been drawn to determine the duration of the bearish trend. On the downside, the bearish trend is ongoing if the trend line remains unbroken. On the upside, if price breaks the trend line and another candlestick closes on the opposite of it, the bearish trend is assumed to have been terminated.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The $116 resistance level had been responsible for the downward correction of Litecoin. On June 1 and 2, the bulls tested the $116 resistance level and the crypto’s price fell to the support of the EMAs and then resume its upward move.

On June 3, the bulls were resisted, and the bears broke below the EMAs and reached the previous low of $104 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: June 3, 2019

  • On the upside, the market is expected to retest or break the $120 overhead resistance level.
  • From the Fibonacci retracement level, the LTC price fell to the support of the 0.382 (38.2%) FIb. retracement level. The 0.236 (23.6%) and the 0.382 (38.2%) FIb. retracement levels are the continuation zone for a bullish trend in the Fib retracement tool analysis.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $120, $125, $130
  • Support levels: $114, $108, $104

Last week the price of Litecoin was in a bullish trend. The LTC market reached the $120 resistance level twice but the bulls were resisted. At the first resistance, the market fell to the support of the 12-day EMA. Nevertheless, on May 30, LTC market fell to a low at $104 price level but the bulls pulled above the $108 support level.

From the Fibonacci retracement level, the LTC price fell to the support of the 0.382 (38.2%) FIb. retracement level. The 0.236 (23.6%) and the 0.382 (38.2%) FIb. retracement levels are the continuation zone for a bullish trend in the Fib retracement tool analysis.

The crypto’s price is rising above the 0.382 (38.2%) Fib. retracement level. From the price action, the price is above the EMAs which indicate that price is likely to rise. On the upside, the market is expected to retest or break the $120 overhead resistance level. Meanwhile, the MACD line and the signal line are above the zero level` which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. After its fall from the $120 overhead resistance, the crypto’s price now ranges below the $116 price level. On June 1 and 2, the bulls tested the $120 resistance level and were resisted.

Each time the bulls were resisted the price fell to the support of the EMAs for the continuity of bullish trend. On the upside, if the bulls break the $116 resistance level, the next upward move will be at the $120 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: June 1, 2019

  • On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level.
  • On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $105, $110, $115
  • Support levels: $100, $90, $80

The LTC/USD pair is in the bullish trend zone. On April 3, the LTC market had been trading below the $100 resistance level before it was broken. During the month of April, the LTC market fell to a low at $70 support level. In the month of May, the bulls made an upward move and tested the $100 resistance twice before breaking it.

On May 24, the bulls broke the $100 resistance level to reach a high of $120 price level. The bulls were resisted at the $120 price level and price retraced to the support of the 12-day EMA. On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level. Meanwhile, the coin has an opening balance of $78 in the month of May 2019. The crypto has a closing price of $114 as at May 31. This indicates that the LTC market appreciated by 46% of its capitalization in the month of May 2019. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 30, 2019

  • The crypto’s price fell to the support of 0.382 (38.2%) Fib. retracement level which indicates that price is in the bullish trend zone.
  • On the other hand, if the bears broke the 0.382 Fib. retracement level, the LTC price will be in a downward trend.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $120, $125, $130
  • Support levels: $110, $104, $100

Yesterday, May 29, the price of Litecoin was in a bullish trend. The LTC market has reached the $120 price level after overcoming the $104 overhead resistance. The bulls were resisted at the $120 price level and the price retraced to the support of 26-day EMA. Yesterday, at the support of the 26-day EMA, the crypto’s price made an upward move to retest the $120 price level.

From the Fibonacci retracement level, the LTC price is still in the continuation zone of the Fibonacci retracement level. The crypto’s price fell to the support of 0.382 (38.2%) Fib. retracement level which indicates that price is in the bullish trend zone. On the other hand, if the bears broke the 0.382 Fib. retracement level, the LTC price will be in a downward trend. Meanwhile, the MACD line and the signal line are above the zero level which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The LTC market reached the $118 price level and was resisted. The crypto’s price was ranging below the $118 resistance level. Yesterday, the crypto’s price was resisted and it fell to a low at $110 price level.

The $110 price level was well supported as the bulls made a bullish move to retest the $118 resistance level. The bulls are still facing resistance at the $118 price level. The LTC price is above  the EMAs which has been resisted at the $118 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 28, 2019

  • Nevertheless, if the bulls break the $120 resistance level, the LTC market will reach the $127 price level.
  • On the other hand, if the price is restricted at the $120 price level, the market will fall to the support of the EMAs or at the $112 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $120, $125, $130
  • upport levels: $110, $105, $100

Yesterday, May 27, the price of Litecoin was in a bullish trend. On May 26, the bulls have already broken the overhead resistance of $104 and the surge in volatility is continuing. The 12-day EMA and the 26-day EMA are pointing northward indicating that the trend is in an upward move. The LTC market has reached the $120 price level and it is currently facing resistance at that level.

The crypto’s price had earlier fallen to the support of the 12-day EMA indicating that price is likely to rise. Nevertheless, if the bulls break the $120 resistance level, the LTC market will reach the $127 price level. On the other hand, if the price is restricted at the $120 price level, the market will fall to the support of the EMAs or at the $112 price level. Meanwhile, the MACD line and the signal line are above the 6.0 level which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a bullish trend. The crypto’s price was making a series of higher highs and higher lows before the pattern was changed to a range bound move. The LTC market is facing resistance at the $117 price level which is why the market was range bound.

The bullish and the bearish candlesticks are trending above the EMAs because of the resistance at the $117 price level. The crypto’s price is expected to rise as soon as the bulls break the resistance level. The MACD line and the signal line are above the 2.0 line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 27, 2019

  • If the bulls sustain the price above the EMAs, the market will rise to the $120 price level.
  • On the other hand, if the price continues its downward correction, it may fall to the $104 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $116, $120, $124
  • Support levels: $108, $104, $100

Last week the price of Litecoin reached its peak price of $104 while in a bullish trend. The market reached the $104 price level and was resisted by the bears. The LTC market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $84 support level. The EMAs are trending horizontally as the crypto’s price is fluctuating below and above it.

On May 24 and 25, the bulls broke the EMAs and the overhead resistance of $104. The market is approaching the $116 price level. This was a positive sign as the bulls took control of price. However, the market is having a slight retracement after being resisted at the $116 price level. If the bulls sustain the price above the EMAs, the market will rise to the $120 price level. On the other hand, if the price continues its downward correction, it may fall to the $104 price level.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the previous week, the market was in a sideways trend. The crypto’s price was fluctuating between the levels $88 and $93. However, in the last 48 hours, the crypto’s price was ranging above the $100 price level before the recent surge in price.

The crypto’s price rose to a high of $116 price level but was resisted. The price retraced to the $110 price level and resumed its upward move.The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: May 25, 2019

  • The price of Litecoin is likely to fall to the previous low at $85 price level.
  • The bulls have not been able to break the previous high of $101 price level. If the bulls fail to break the previous high a double top has formed.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $105, $110, $115
  • Support levels: $95, $90, $85

The LTC/USD pair is in the bullish trend zone. On May 15, the LTC market rose and reached a high at $101 price level. The bulls were resisted and the market had a downward correction to the support of the 12-day EMA. The bulls made an upward move but fell back to the support of the 26-day EMA. From the price action, the price is above the EMA which indicates that price is likely to rise. On May 24, the LTC price had a bullish move but reached the previous high of the LTC market at $101 price level.

The bulls have not been able to break the previous high of $101 price level. If the bulls fail to break the previous high a double top has formed. This indicates that a bullish reversal is imminent. The price of Litecoin is likely to fall to the previous low at $85 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 23, 2019

  • The LTC market is in a choppy price action. The key levels of resistance and support were no longer discernible.
  • However, yesterday, the market fell to its previous low at $87.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $100, $104, $108
  • Support levels: $88, $84, $82

Yesterday, May 22, the price of Litecoin was in a sideways trend. On May 16, the LTC market had been on a downward correction after being resisted at the $104 and $96 price levels. On each occasion, the crypto’s price would fall below the 12-day EMA and the 26-day EMA but the market would make an upward correction.

On May 20, the bulls were resisted at the $95 price level and the price fell to a sideways trend. In the last four days, the EMAs were trending like a single horizontal line indicating that price was in a sideways trend. The LTC market is in a choppy price action. The key levels of resistance and support were no longer discernible.

Also, the LTC price is characterized by small body candlesticks like Doji and Spinning tops which described  the indecision between the buyers and sellers. The crypto’s price is in a tight range trading between the levels of $85 and $95. However, yesterday, the market fell to its previous low at $87. Nevertheless, the crypto’s price is likely to consolidate before an upward move above the EMAs. On the other hand, if the bearish trend continues, the market will fall to the previous low at $76.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin was in a sideways trend. The cryptocurrency had continued its range bound movement. Yesterday, the bulls tested the $92 resistance level and the price fell below the EMAs.

As the crypto’s price is fluctuating within a confined range; there is a likelihood of a price breakout or a price break down. Yesterday, the LTC market was in a price break down as price fell to its low at $87.43 and commenced a range bound move. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 21, 2019

  • In retrospect, on April 3 and 6, the bulls were resisted at the $96 price level and the market dropped down to a low at $70 price level.
  • On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to retest the $96 resistance level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $100, $104, $108
  • Support levels: $88, $84, $82

Yesterday, May 20, the price of Litecoin was in a bearish trend. On May 19, the LTC market reached the $96 price level but was resisted. In the previous week, the market had already been depreciated from the $104 price level. Today the bulls are making a bullish move to reach the $96 resistance level.

In retrospect, on April 3 and 6, the bulls were resisted at the $96 price level and the market dropped down to a low at $70 price level. On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to break the $96 resistance level. On the other hand, if the bulls failed to break the resistance level, the crypto’s price is likely to fall to the support of the $86 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The LTC market is in a tight range between the levels of $88 and $92. On May 19 and 20, the bulls were resisted at the $96 price level.

The downward correction led to the formation of a support level at the $88 price level and a resistance level at the $92 price level. Nevertheless, if the bulls break the $92 price level, the crypto’s price will revisit the $96 price level. On the other hand, if the bears break the $88 price level, the market will reach the low at $86 price level.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 20, 2019

  • From the support of the 0.618 retracement level, the bulls made an upward move but were resisted as the price fell back to the downtrend zone.
  • The initial bullish move has been terminated and the downtrend is likely to continue either to the $84 or $88 price level.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $100, $104, $108
  • Support levels: $88, $84, $82

Last week the price of Litecoin was in a bearish trend. On May 16, the market reached a high of $104 price level. The bulls were unable to break the $104 resistance level but were resisted. The market had a downward correction as the price fell to the 0.618 Fibonacci retracement level.

From the support of the 0.618 retracement level, the bulls made an upward move but were resisted as the price fell back to the downtrend zone. The initial bullish move has been terminated and the downtrend is likely to continue either to the $84 or $88 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend. The crypto’s price reached the $96 price level and was resisted. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price has fallen to a low at $91 price level and it is likely to continue the bearish move.

As price continues its fall, the trend line has been broken forcing the crypto's price to trade in a sideways trend. However, the bearish trend is ongoing if the trend line is unbroken. In other words, the price may further depreciate to as low as $86 price level.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: May 18, 2019

  • The $70 support level was holding as the bulls pulled above the EMAs to resume the bullish trend.
  • Since the price has dropped below the continuation zone of the Fib. retracement levels, the crypto’s price is likely to further depreciate to the 0.786 Fib. retracement level.

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $90, $95, $100
  • Support levels: $85, $80, $75

On May 6, the LTC/USD pair had traded up to the high of $92.94 but the bulls were resisted. The market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $70 support level. The $70 support level was holding as the bulls pulled above the EMAs to resume the bullish trend. On May 14, the crypto’s price reached the $104 price level was resisted. The bears broke the 0.236 (23.6%) and 0.382 (38.2%) Fibonacci retracement levels and found support at the 0.50 retracement.

Since the price has dropped below the continuation zone of the Fib. retracement level, the crypto’s price is likely to further depreciate to the 0.786 Fib. retracement level. In other words, the price is likely to revisit the $80 support level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above  the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 16, 2019

  • On the upside, the market is expected at the $120 price level if the trend line is unbroken.
  • On the downside, the market may fall below the $100 price level, if the trend line is broken.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $100, $104, $108
  • Support levels: $96, $92, $88

Yesterday, May 15, the price of Litecoin broke away from its previous sideways move. On May 11, the market was in a sideways trend trading between the levels of $85 and $92. Yesterday, the bulls broke the $92 price level but were resisted at the $96 price level. After a slight retracement, LTC price is now hovering around the $105 price level. There is the possibility of price rise as the crypto’s price is above the 12-day EMA and the 26-day EMA.

The LTC price is trending above the trend line. The trend line is not completely broken because of absence of a second bearish candlestick .On the upside, the market is expected at the $120 price level if the trend line is unbroken. On the downside, the market may fall below the $100 price level, if the trend line is broken. A trend line break implies that the current trend has been terminated. Meanwhile, the MACD line and the signal line are above the 3.0 line which indicates strong buying signal. The crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. Presently, the crypto’s price is facing resistance at the $106 price level. The market is likely to retrace from the recent high of $106. If the price retrace to the support of the trend line, the price will continue its upward move. However, if the price breaks the trend line and another candlestick closes on the opposite of it; the market will commence a downward move. Meanwhile, the crypto’s price is trading at $10.56 as at the time of writing.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 14, 2019

  • On May 12, the sellers located the lower price range and the LTC price consolidated for two days.
  • On the upside, if the bulls succeed in breaking the upper price level, the crypto is expected to reach the previous high of $96 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $90, $92, $94
  • Support levels: $88, $84, $82

Yesterday, May 13, the price of Litecoin was still ranging below the $92 resistance level. The bulls and the bears were trading between the levels of $85 and $92 price levels. On May 12, the sellers located the lower price range and the LTC price consolidated for two days. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Today, the bulls are heading towards the upper price level.

On the upside, if the bulls succeed in breaking the upper price level, the crypto is expected to reach the previous high of $96 price level. However, if the bulls failed to break the upper price level, the price action will fluctuate between the two horizontal lines. Meanwhile, the MACD line and the signal line are above the 2.0 line which indicates strong buying signal. The crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a range bound movement. The moving averages are trending horizontally indicating that the LTC price is in a range bound movement. In the last four days, the bulls have tested the upper price level but were unable to break it. Today the price action is following a bullish pattern and buyers are likely to locate the $92 price level. Meanwhile, the crypto’s price is trading at $90.56 as at the time of writing.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 13, 2019

  • On the upside, if the crypto’s price is sustained above the EMAs, the bulls will retest the $92 and $96 resistance levels.
  • On the downside, if the bears break below the EMAs, the crypto’s price is likely to fall to the previous low at $76 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

Last week the price of Litecoin was in a bearish trend zone. The bulls were resisted at the $84 price level as the price fell to the bearish trend zone. It was assumed in the previous week that if the bulls break the 12-day EMA and the 26-day EMA, the bulls were likely to retest or break the $82 and $84 resistance levels. On May 11, the bulls broke the resistance levels but it is currently facing another resistance at the $92.50 price level.

On May 12, the bulls were resisted at the $92 price level and the crypto’s price fell to the 12-day EMA support level. On the upside, if the crypto’s price is sustained above the EMAs, the bulls will retest the $92 and $96 resistance levels. On the downside, if the bears break below the EMAs, the crypto’s price is likely to fall to the previous low at $76 price level. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally.The crypto’s price was facing resistance at the $92 price level. Last week the bulls tested the $92 resistance level and were resisted on three occasions. The crypto’s price fell below the EMAs and it was trading below the 12-day EMA and the 26-day EMA.

On the upside, if the bulls break the EMAs, the crypto’s price will retest the $92 resistance level. On the downside, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound movement below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: May 11, 2019

  • If the bearish trend continues the crypto’s price is likely to fall to either a low at $60 or $70 price level.
  • On the upside, if the bulls break the EMAs, the crypto’s price is likely to retest the $85 price level.

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $60, $50, $40

On April 7, the LTC/USD pair had been in a downtrend. On April 6, the crypto’s price reached a high of $92 but the bulls were resisted at the $96 price level. The crypto’s price fell to the support of the $70.93 price level. On April 30, the $70 support level was holding as the bulls initiated a bullish trend.

The bulls broke the 12-day EMA and the 26-day EMA as price reached a high of $82.62 price level. The crypto’s price was resisted again at the $85 price level as the bears broke below the EMAs. The crypto’s price is below the EMAs which indicate that the price is likely to fall. If the bearish trend continues the crypto’s price is likely to fall to either a low at $60 or $70 price level.

On the upside, if the bulls break the EMAs, the crypto’s price is likely to retest the $85 price level. The crypto’s price is trading at $78.12 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 9, 2019

  • On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $82 and $84 resistance levels.
  • On the downside, if the bulls fail to break the $82 and $84 resistance level, the crypto’s price will remain in the bearish trend zone.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

Yesterday, May 8, the price of Litecoin was in a bullish trend. Yesterday, it was in a bullish trend after being resisted at the $82 resistance level. On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $82 and $84 resistance levels.

On the downside, if the bulls fail to break the $82 and $84 resistance level, the crypto’s price will remain in the bearish trend zone.The MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. Yesterday, the crypto’s price was making a series of higher highs and higher lows and the bulls broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The LTC price is above the EMAs which indicates a possible price rise.

On the downside, the crypto's price is retracing after being resisted, if the bears break below the EMAs, the price will fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 7, 2019

  • On the upside, if the crypto’s price is sustained above the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $84 resistance level.
  • On the downside, if the bulls fail to break the $84 resistance level, the crypto’s price will fall to the support of the EMAs.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

Yesterday, May 6, the price of Litecoin was in a bullish trend. Yesterday, it was assumed that if the $76 support level holds, the crypto’s price would rise and retest the $84 resistance level. As at the time of writing the bulls are yet to retest the $84 resistance level. The $84 resistance level was yet to be broken since April 14.

On the upside, if the crypto’s price is sustained above the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $84 resistance level. On the downside, if the bulls fail to break the $84 resistance level, the crypto’s price will fall to the support of the EMAs. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend. Yesterday, the crypto’s price was in a bullish trend and it reached a high of $80.59. However, the bulls were resisted at the $81 resistance level and the price fell to the support of the 26-day EMA for a bullish trend resumption.

Today, the LTC price rose to a high of $81.96  but the bulls were resisted at the $82 price level. The crypto’s price pulled back to resumed its bullish trend. The price of Litecoin was resisted again  at the $82 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 6, 2019

  • On the downside, if the bears break below the $76, the crypto’s price will depreciate to the previous low at $70 price level.
  • On the upside, if the $76 support level holds, the crypto’s price will rise to retest the previous $78 and $84 resistance levels.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

Last week the price of Litecoin was in a bullish trend. The crypto’s price had earlier fallen to its low at $69.47 before commencing a bullish trend. The bulls broke the $78 resistance level but failed to break the $84 resistance level. On May 4, the bulls were resisted at the $84 resistance level. This was the previous resistance of April 14 and 18. Nevertheless, the crypto’s price fell to the previous low at $76 price level.

On the downside, if the bears break below the $76, the crypto’s price will depreciate to the previous low at $70 price level. On the upside, if the $76 support level holds, the crypto’s price will rise to retest the previous $78 and $84 resistance levels. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend. On May 4, the bulls broke the $84 resistance level and reached a high of $86. At the $86 resistance level, the bulls were resisted and the price fell and broke the 12-day EMA and the 26-day EMA to reach a low at $78.70.

The bulls pulled back price above the EMAs but were resisted at the $82 price level. The LTC price  fell to a low at $75.87. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: May 4, 2019

  • The crypto’s price was in a bearish trend after the bulls failed to break the $96 resistance level.
  • On the upside, if the price rises and the trend line remains unbroken, the bullish trend will be ongoing and may retest the previous high of $96.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend zone in May 2019. However, the crypto’s price was in a bearish trend after the bulls failed to break the $96 resistance level. The bears broke the 12-day EMA and the 26-day EMA to reach the previous low at $70.93. The bulls defended the $70 price level as it commenced a bullish trend that broke the EMAs.

A bullish trend line is drawn to monitor the duration of the current trend. The crypto’s price is expected to rise as it is above the EMAs. On the upside, if the price rises and the trend line remains unbroken, the bullish trend will be ongoing and and may retest the previous high of $96. On the downside, if the bearish candlestick breaks the trend line and another closes on the opposite of it, then the bullish trend is terminated.

The crypto’s price is trading at $82.70 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: May 2, 2019

  • On the upside, if the $76 support level holds, the crypto’s price will rise to retest the $78 and $84 resistance levels.
  • On the downside, if the bears break below the $76, the crypto’s price will depreciate to a low at $70 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

Yesterday, May 1, the price of Litecoin was in a bearish trend. Yesterday, the price was in a downward correction testing the $78 resistance level. The price retraced to the support of the 12-day EMA. In other words, the price retraced to the support of the $76 price level which was a previous resistance level. On the upside, if the $76 support level holds, the crypto’s price will rise to retest the $78 and $84 resistance levels.

On the downside, if the bears break below the $76, the crypto’s price will depreciate to a low at $70. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin was in a range bound movement. The $78 resistance level  had been tested by the bulls on two occasions. On April 30, the bulls tested the $78 resistance level and were resisted to the support of the $76 price level. Yesterday, the bulls were resisted at a price of $77.79 and price fell to the support of the $76 price level.

The crypto’s price is now ranging above the $76 price level. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 30, 2019

  • On the downside, the crypto’s price will further depreciate to a low at $60, if the bearish trend line is unbroken.
  • If the bulls break the EMAs and price is sustained above the EMAs, the crypto’s price would rise.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 29, the price of Litecoin made a further depreciation. In retrospect, the crypto’s price had been on a downward fall after the $96 resistance level on April 6. Yesterday, the crypto’s price fell to a low at $66.55 . On the downside, the crypto’s price will further depreciate to a low at $60, if the bearish trend line is unbroken.

Yesterday, the bearish trend line was drawn to determine the duration of the bearish trend. The bearish trend is ongoing because the trend line has not been broken and no candlestick has formed on the opposite of the trend line. The LTC price is trading at $68.41.90 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. On April 29, the bulls were trading in the bearish trend zone and were resisted as price fell to a low at $65.64. Yesterday, the bulls broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

If the bulls break the EMAs and price is sustained above the EMAs, the crypto’s price would rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 29, 2019

  • The LTC price is trading at $71.90 and below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
  • A bullish candlestick tested the 12-day EMA but was repelled as the price continues its downward fall.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Last week the price of Litecoin had been on a downward fall. The crypto’s price had fallen from the $84 price level to a low at $71.36. A bearish trend line has been drawn to determine the expiration of the bearish trend. From the chart, each time the bulls tested the trend line, the crypto’s price would depreciate further.

However, if the bulls break the trend line and another candlestick closes on the opposite of it, the current bearish trend is said to be terminated. Nevertheless,  the bearish trend is ongoing. The LTC price is trading at $71.90 and below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On April 28, the bulls tested the $75 resistance level and the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

A bullish candlestick tested the 12-day EMA but was repelled as the price continues its downward fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: April 27, 2019

  • The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
  • If the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $ 96 resistance.

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend in the first week of April 2019. The bulls reached a high of $92.94  but  were resisted at the $96 price level. On April 7, the price fell and the downward trend continued until the crypto’s price reached a low at $71.50. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. On the downside, if the bearish trend continues, the crypto’s price will fall to the previous low at the $ 60. On the other hand, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $ 96 resistance. Meanwhile, on April 1, the crypto’s price has an opening balance of $61.48.

The LTC price also has a closing balance of $75.37 as at April 26. This implies that the LTC price appreciated by 23% of its capitalization in the month of April. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 25, 2019

  • The price of Litecoin had been on a downward trend since April 6.
  • On the upside, if the bulls break the EMAs, the crypto’s price will be in the bullish trend zone to revisits the previous highs.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 24, the price of Litecoin was in the bearish trend zone. The price of Litecoin had been on a downward trend since April 6. The price of Litecoin had fallen from the $96 resistance level to $72 price level. Yesterday, the crypto’s price fell from the $78 price level to a low at $72. The crypto’s price is also ranging below the 12-day EMA and the 26-day EMA. The bulls are yet to be in control since April 6.

On the upside, if the bulls break the EMAs, the crypto’s price will be in the bullish trend zone to revisits the previous highs. On the other hand, if the bulls fail to break above the EMAs, the LTC price will depreciate to a low at $60 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The crypto’s price is holding at the $72 price level while the bulls broke above the 12-day EMA and the 26-day EMA. On the downside, if the bulls fail to sustain the price above the EMAs, the crypto’s price will fall back to the bearish trend zone to continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 23, 2019

  • However, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will be in the bullish trend zone to retest the previous highs of $82, 92 and $96 resistance levels.
  • On the other hand, if the bulls failed to break above the EMAs, the crypto’s price will continue with its range bound movement.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 22, the price of Litecoin was in the bearish trend zone. The crypto’s price was ranging after falling to a low at $75.95. The crypto’s price ranged and tested the 12-day EMA but was resisted. The bulls are making another attempt at the 12-day EMA. The price of Litecoin is trading at $77.48 as at the time of writing.

However, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will be in the bullish trend zone to retest the previous highs of $82, 92 and $96 resistance levels. On the other hand, if the bulls failed to break above the EMAs, the crypto’s price will continue with its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA. The EMAs are trending horizontally indicating that price is in a sideways trend.

However, if the bulls break above the EMAs and the price is sustained above the EMAs, the crypto’s price will reach a high of $82. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 22, 2019

  • On the upside, if the $75 price level holds, the crypto’s price will resume its uptrend to retest the $82 resistance level.
  • If the bearish pressure continues the crypto’s price will fall to the low at $60.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Last week the price of Litecoin had been on a downward trend. The crypto’s price had fallen to the resistance levels of $96, $92, $84 and $82. On April 19, the bulls failed again to break the $82 resistance level as the crypto’s price fell and broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price fell to a low at $$75.95 to commence a range bound movement. The crypto’s price fell to the previous low of April 11.

On the upside, if the $75 price level holds, the crypto’s price will resume its uptrend to retest the $82 resistance level. However, if the bearish pressure continues the crypto’s price will fall to the low at $60. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the 12-day EMA and the 26-day EMA were trending horizontally at the $82 resistance level. The bears broke the resistance level as the price fell to a low at $75.75.

The crypto’s price made a bullish movement to the EMAs but was resisted at the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: April 20, 2019

  •  If the bulls break the $85 resistance level, the crypto’s price will rise to reach the previous high of $95.
  • On the other hand, if the bulls fail to break the resistance level, the crypto’s price will fall or resume its range bound movement.

LTC/USD Long-term Trend: Ranging

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

The LTC/USD pair was in a bearish trend after the bulls were resisted at the $95 resistance level. On April 11, the crypto’s price fell to the low at $79.65 and commenced a range bound movement above the 26-day EMA or above the $75 support level. The crypto’s price was ranging below the $85 resistance level because the bulls failed to break above it. The LTC price was trading above the $75 support level which had been holding since April 11. However, since April 14, the bulls had not been able to break the $85 price level. However, if the bulls break the $85 resistance level, the crypto’s price will rise to reach the previous high of $95.

On the other hand, if the bulls fail to break the resistance level, the crypto’s price will fall or resume its range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 18, 2019

  • The bulls are battling to break the $82 resistance level after its initial fall.
  • On the upside, if the bulls break the $82 resistance level and the price is sustained above it, the crypto's price will resume its bullish trend.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 17, the price of Litecoin was in a bearish trend. In the previous analysis, the LTC price had been on a downward fall after the bulls tested the $96 and $92 resistance levels. On April 14, the bulls tested the $84 resistance level and were resisted again. The bulls are battling to break the $82 resistance level after its initial fall.

On the upside, if the bulls break the $82 resistance level and the price is sustained above it, the crypto's price will resume its bullish trend. On the other hand, if the bulls fail to break the resistance level, the LTC price will continue to depreciate. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On April 16 and 18, the bulls tested the $82 resistance level and were resisted. On April 16, the bulls tested the $82 resistance level and the price fell to the bearish trend zone

On April 18, the bulls break the EMAs to test the $82 price level but failed to break it. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buysignal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 16, 2019

Today's Litecoin (LTC) News

Thus far, Litecoin (LTC) is the sixth largest coin by market cap and well-oiled. It is liquid and in the last four months, it continues to lead the market. Because of that, it continues to dominate headlines as investors purchase new mining gear and channel computing power to the network.

Read: Litecoin Network’s Hash Rate Blows Past New All-Time High at Nearly 360 TH/s

Since the correlation between price and hash rate is positive, we can conclude that the market sentiment towards Litecoin’s future is, if anything, upbeat. Note that in early April, the network’s hash rate registered new highs hitting 359 TH/s up from 342 TH/s. This points to confidence but there is more. Add that to Litecoin 0.17 core is live it means the overall network fees are low.

Besides, the prospects of Litecoin halving on August 6 will have a lifting effect on prices thanks to scarcity and assuming the demand remains as it is. Confidence is largely because of the hype element so prevalent in the crypto market and the effect of supply-demand that affects any free market.

Also Read: Litecoin’s Charlie Lee “You Can’t be More Wrong” in Lieu of Mike Novogratz’s LTC Glorified TestNet Comment

With improving sentiment mostly due to Bitcoin bottoming up and printing new 2019 highs, its direct correlation with altcoins including Litecoin will therefore further pump Litecoin prices encouraging participation and that means higher hash rate, bullish sentiment and more demand for the sixth largest coin by market cap.

LTC/USD Price Analysis

Litecoin LTC
Click to see the full-size image.

At the time of press, Litecoin (LTC) is down 4.8 percent from yesterday’s close and down 11.5 percent in the last week. Regardless of this shift in demand and apparent oversupply, Litecoin is technically bullish and within a breakout pattern.

From technical candlestick arrangement, we expect the coin to edge higher, reverse losses of Apr-11 losses and that demand high participation levels—that is, volumes, exceeding 347k and even 750k of Apr-2. Such a sharp move will confirm buyers of Apr-2, set the momentum for higher highs in a trend continuation that must break above $90 with the first target at $110.

If not and there is liquidation set in motion by Apr-11 bears, then odds are prices will dip below Apr-15 lows, close below the flexible support line set by the middle BB and fuel draw-downs towards Apr-2 lows at $60 for a 100 percent reversal in what would be a typical retest.

Even so, we expect Litecoin to correct but the last support line lies at the 78.6 percent Fibonacci retracement level of Apr2-3 high low at around $70. Therefore, while risk-averse, conservative traders ought to stay on the sidelines until there is a break above $90 or prices hit $60 or lower, risk-off traders should be DCA on dips with targets at $110 as mentioned above.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: April 16, 2019

  • On the downside, if price continues its fall, the crypto’s price will find support at $60 price level.
  • On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $70, $68, $66

Yesterday, April 15, the price of Litecoin was in a bearish trend. The crypto’s price had been on a downward fall after the bulls tested the $96 and $92 resistance levels. On April 14, the bulls tested the $84 resistance level and were resisted again. The price fell below the 12-day EMA and the 26-day EMA to a low at $76.76. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downside, if price continues its fall, the crypto’s price will find support at the $60 price level. On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to a low at $76.76 and commenced a bullish movement.

The crypto’s price reached the 26-day EMA and was resisted. The price is likely to continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 15, 2019

  • The price fell to a low at $83.77 and commenced a range bound movement.
  •  The crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $80, $78, $66

Last week the price of Litecoin was in a bearish trend. The bulls reached a high of $97.50 and were resisted. The price fell to a low at $83.77 and commenced a range bound movement. The bulls made another attempt and were resisted at the $92 price level. The price fell to another low at $77.85 and commenced a range bound movement. Today the bulls have broken above the 12-day EMA and the 26-day EMA.

The crypto’s price is above the EMAs which indicate that price is likely to rise. Nevertheless, the LTC price is trading at $83.81 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Last week the price fell to a low at $77.50 and commenced a range bound movement below and above the 12-day EMA and the 26-day EMA.

Today the bulls have broken above the EMAs to trade in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: April 13, 2019

  • The crypto’s price will reach the highs of $110 or $120 price levels if the bulls break the $95 resistance level.
  • On the other hand, if the downward trend continues, the price will fall to the lows at either $60 or $65 price level.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend since the beginning of April. On April 6, the crypto’s price traded and reached a high of $98.80 but the bulls were resisted. The price of Litecoin faces resistance at the $95 price level. The crypto’s price made a downward correction as the price fell and broke the 12-day EMA. The LTC price fell to the support of the 26-day EMA. On the upside, the crypto’s price is likely to rise if the 26-day EMA is holding. If the bulls break the $95 resistance level, the crypto’s price will reach the highs of $110 or $120 price levels.

On the other hand, if the downward trend continues, the price will fall to the lows at either $60 or $65 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 11, 2019

Today's Litecoin (LTC) News

Thing is, Litecoin is on a roll and up 4.5X after bottoming out in mid-January. From $20 to $85 at the time of press an impressive feat but even so, there is this argument that Litecoin, despite the $5,183 million capitalization and a founder with no holding of the fifth most liquid coin in the space, is a test-net, an asset with no fundamental value and unique property.

Read: Over 1.8M Addresses Own $1,000 of Bitcoin (BTC) as to 1.5M Owning $1 of Litecoin (LTC)

Litecoin is literally a Bitcoin spin-off and although it is powered by distributed miners with a proof of work consensus algorithm in place, the network is better decentralized with low block generation time. This, in essence, means Litecoin is better suitable for merchants who desire instant payment and almost zero latency.

Combined this with their integration with Lightning Network and atomic swap which is fronted and developed by the ingenious team led by Elizabeth Stark of Lightning Labs and possibilities are endless. Already we have seen the layer-2 network growing in double-digits in recent time as the number of processing nodes as well as capacity expanding as users prefer speed, security, scalability, and almost negligible fees. But that is not to say that the underlying on-chain system is bogged down by high fees and is slow.

Also Read: Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash Quarterly Performance Report

In fact, the recent upgrade saw Litecoin transaction fees drop by a tenth and whether that would dis-incentivize miners, we are yet to see. However, what we know is that Litecoin is indeed valuable and the immediate metric of gauging what the investor community thinks of the coin is price—up 4.5X in three months.

LTC/USD Price Analysis

Litecoin LTC

At spot rates, Litecoin (LTC) is down 3.7 percent in the last day and could slide more in days ahead. Even so, bulls are in control and in a bullish breakout pattern, every low is technically an entry point with first targets at $110 as laid out in our last LTC/USD price analysis.

Visibly from the chart, we upside momentum is fading and what we have are lower lows relative to the upper BB. This is expected and even natural now that Litecoin has been spearheading gains in the last couple of weeks thanks to stellar fundamentals.

Now, if we paste a simple Fibonacci retracement tool on the high-low of the last leg up above previous resistance now support at $50, odds are today’s slide with continue and it is likely that Litecoin will find support anywhere between $70 and $75 which flash with the 61.8 and 78.6 percent Fibonacci correction levels.

If push comes to shove then LTC could even drop back to $50 in a worst-case scenario but that would be a retest that would eventually form the foundation for the next leg up towards $90 and later $110.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: April 11, 2019

  • On the downward side, if price continues its fall, the LTC price will reach the low at $81 price level.
  • On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $80, $78, $66

Yesterday, April 10, the price of Litecoin was in a bearish trend. The bearish trend was continuing as price fell to the low at $87.23. The bulls pulled above the 12-day EMA and the 26-day EMA and price reached a high of $92. The price made a downward correction as the price fell to the $84 price level. The crypto’s price is below the EMAs, which indicates that price is likely to fall.

On the downward side, if price continues its fall, the LTC price will reach the low at $81 price level. On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bulls tested the $92 price level but closed at $91 . The bears broke the 12-day EMA and the 26-day EMA as the price fell to the low at $86.06. The crypto’s price is now trading below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 9, 2019

  • On the downward side, if price continues its fall, the LTC price will reach the $81 price level.
  • On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $80, $78, $66

Yesterday, April 8, the price of Litecoin was in a bearish trend. The bearish trend of April 6 was continuing as at yesterday. The price fell and broke the 12-day EMA and the 26-day EMA to reach the low at $87.36. The crypto’s price is ranging above the $87 price level while in the bearish trend zone. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downward side, if price continues its fall, the LTC price will reach the $81 price level. On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level. The $96 resistance level prevented the bulls from advancing further to reach the previous high of the cryptocurrency. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low at $86.36. The crypto’s price is now trading below the EMAs.

The bulls tested the 12-day EMA and were resisted again. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 8, 2019

Latest Litecoin (LTC) News

By design, Litecoin exists for the sole purpose of complementing Bitcoin. With fast block time, alternative hash and objective of becoming more of a medium of exchange than a store of value like Bitcoin, the network are gaining traction.

Read: Let’s Look at How Satoshi Nakamoto Jr (aka Charlie Lee’s) 2017 Litecoin Predictions Have Played Out

While there has been no mention from the SEC on whether it is a utility or not, we know that the non-profit organization in Litecoin Foundation is involved in on-boarding new businesses and Charlie Lee, the co-founder of the network did liquidate his holdings when LTC peaked in Dec 2017. It was a smart business move for him and as he did, he actually issued out a statement urging those who were not ready for a deep correction back to $20 not to invest. Well, prices tanked and Charlie earned mega profits.

Also Read: Litecoin’s Charlie Lee “You Can’t be More Wrong” in Lieu of Mike Novogratz’s LTC Glorified Test-net Comment

All the same, for his advocacy efforts, LTC is one of the few pioneer coins and is listed at almost all exchanges including CoinBase meaning it is liquid and its demand did thrust the coin’s value from 2018 doldrums to today’s valuation. If we factor in Mimble Wimble, confidential transactions and the last upgrade in Litecoin Core 0.17 which drastically slash network fees, Litecoin could be undervalued even if it means it is up 3.5X after bottoming out late 2018.

LTC/USD Price Analysis

Litecoin LTC

After days of impressive gains, Litecoin is one of the top performing coins adding 50 percent. That translate to a 3.5X increase after bottoming up from Dec 2018 when it tumbled, touching $22 before recovering.

As a result of these superb gains, Litecoin (LTC) is definitely a top performer. However, we shouldn’t be too excited. In the midst of these rockets, it is likely that underlying momentum is waning. Note that volumes are shrinking and although the trend is bullish, we have a lower low relative to the upper BB.

Besides the risk of liquidation, we can also see that after Apr 2 and 3 bull bars, subsequent bars had long upper wick meaning the trend upwards is slowed down by sellers. Odds are, today will most likely close as a bear and that will precede a correction back to $75-$80 or the 50 percent and 61.8 percent Fibonacci retracement level of the last week’s leg up.

After all, our targets as laid out in the last LTC/USD trade plan has been met and since the trend is set—visible in the weekly chart, every low is technically a buying opportunity with targets at $110.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: April 8, 2019

  • The LTC price is currently trading at $89.26 as at the time of witing.
  • On the downside, if the bears break below the EMAs, the LTC price is likely to fall to the previous low at either $81 or $87 price level .

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $80, $78, $66

Last week the price of Litecoin had a price breakout. On April 2, the bulls broke the $62 resistance level which had remained unbroken since March 27. The bulls reached a high of $95.41 but were resisted. The bulls were unable to progress further as a result of $96 resistance level. On April 3, the price fell to the 12-day EMA and resumed another bullish trend. On April 6, the bulls tested the $96 resistance level and were resisted again.

The price is retracing to the support of the 12-day EMA . On the upside, if the 12-day EMA holds, the crypto’s price is likely to rise to break the $96 price level. On the downside, if the bears break below the EMAs, the LTC price is likely to fall to the previous low at either $81 or $87 price level . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week, the bulls had been testing the $96 resistance level to break it. The bulls have failed to break the level. Each time the bulls tested the resistance level, the price would fall to the 12-day EMA.

Today, the bulls  attempted to break the $96 resistance level but has fallen below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: April 6, 2019

  • The LTC price is trading at $88.85 as at the time of writing.
  • On the upside, if the crypto’s price is sustained above the EMAs, the LTC price will reach a high of $100.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $80, $90, $100
  • Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend and the pair had a price breakout. Last month, the price of Litecoin traded between the levels of $46 and $62. The crypto’s price was facing resistance at the $62 price level. It was earlier suggested that if the bulls broke the $62 resistance level, the crypto’s price would reach the highs of $70 and $80. On April 2, the crypto’s price had a price breakout that broke the $62 resistance level. The LTC price is trading at $88.85 as at the time of writing. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price is likely to rise.

On the upside, if the crypto’s price is sustained above the EMAs, the LTC price will reach a high of $100. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 5, 2019

Today's Litecoin (LTC) News

Traders based in the European Union will now have access to LTC exchange-traded products (ETPs) through Nordic Growth Market (NGM). Litecoin, which has been enjoying double digit gains in the last couple of days, is expected to benefit from this launch as it continues to expand in its adoption.

Read: Borse Stuttgart’s Nordic Growth Market Sees ETPs Linked to XRP and Litecoin Go Live for EU Investors

The launch will be facilitated by XBT provider listing four products, two for XRP and two for Litecoin. Notably, this way, European traders will have access to LTC in a secure and regulated way boosting confidence among investors.

XBT Provider is already a proven player in the industry having launched its first Bitcoin-backed product called Bitcoin Tracker One on Nasdaq Stockholm exchange. So far, XBT Provider has gone on to launch at least eight crypto-backed investments.

Also Read: Michael Novogratz Shares Bitcoin Stat Stuffers against Litecoin’s Rally, Echoing “Sell LTC Buy BTC”

Following the announcement, Ryan Radloff, CEO of CoinShares stated:

“This is an important moment for traditional investors and the crypto community alike as LTC and XRP now, effectively, has an ISIN number. This was not an easy feat and a lot of credit is due to our MD of XBT Provider, Laurent Kssis and his counterparts at NGM for their expertise in navigating the complexities of the traditional system and bringing these new digital asset products to market for investors”

LTC/USD Price Analysis

Litecoin

At spot rates, Litecoin (LTC) is up 44 percent in the last week outperforming mainstream assets like Bitcoin (BTC). Its performance is almost twice that of the world’s most liquid asset. Nonetheless, what is interesting is candlestick arrangements and recent surge that makes the asset a top performer in this definitive week.

Notice that unlike other assets, the announcement of Mimble Wimble integration by Charlie Lee and the prospect of confidential transaction did spur that first wave in early February and traders have been building on it benefiting investors.

Now, thanks to Apr 2 upswing, our buy skew was confirmed when bulls blasted above $65 hitting our first target at $70 and now closing in on the second main target at $90. Although there is likelihood of a correction, typical of such upswings, in a retest phase, the fact that Litecoin bulls are trending above important resistance levels mean the trend has been set and the path of least resistance is to the north. To that end, every low is technically a buy opportunity allowing both sets of traders to fine-tune entries in lower time frames while aiming at $90 and later $110.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: April 4, 2019

  • The LTC price is currently trading at $88.30 as at the time of writing.
  • On the upside, if price retraces to the support of the 12-day EMA and the 26-day EMA, the LTC price will rise.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $82, $84, $86
  • Support Levels: $80, $78, $66

Yesterday, April 3, the price of Litecoin was in the bullish trend zone. Yesterday, the LTC price tested the $96 price level and the bulls were resisted. The crypto’s price is retracing from the recent high. On the upside, if price retraces to the support of the 12-day EMA and the 26-day EMA, the LTC price will rise.

On the downside, if price retraces and breaks below the EMAs, the LTC price will resume a downward trend. The LTC price is currently trading at $88.30 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bulls tested the $96 resistance level twice to break it but were resisted. The price fell to the support of the 26-day EMAs. On the downside, if the price break below the EMAs, the crypto’s price is likely to continue its fall.

On the other hand, if the 26-day EMA support holds, the crypto’s price is likely to hold. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 2, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $50, $48, $46

Yesterday, April 1, the price of Litecoin was in the bearish trend zone. The bearish trend was as a result of the resistance at the $62 price level. Since on March 16, the bulls have been making concerted efforts to break the $62 resistance level but to no avail. Today, the LTC price has a price breakout and the bulls broke the $62 resistance level. On the upside, if the price is sustained above the 12-day EMA and the 26-day EMA, the crypto’s price is likely to rise. Today, LTC price is trading at $68.59 as at the time of writing.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The price fell to a low at $61 and commenced a bullish trend. The bulls has broken above the 12-day EMA and the 26-day EMA. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: April 1, 2019

  • On the downside, if the price continues its fall, it may fall to the previous low at $58.90.
  • On the upside, if the bulls break above the EMAs, the bulls will retest the $62 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week the price of Litecoin was in the bullish trend zone. The LTC price fell to the bearish trend zone after the bulls failed to break the $62 resistance level. The crypto's price made two attempts at the $62 resistance level. At each attempt, the crypto's price would fall to the support of 12-day EMA. However, on March 30, the resistance made the price to fall to the bearish trend zone.

On the downside, if the price continues its fall, it may fall to the previous low at $58.90. On the upside, if the bulls break above the EMAs, the bulls will retest the $62 price level.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is above 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The price reached the $62 resistance level but was resisted. The LTC price fell to the support of the 26-day EMA

If the bulls break the EMAs, the crypto price will retest the $62 resistance level. On the other hand, if the bulls fail to break above the EMAs, the price will fall below the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: March 30, 2019

  • The crypto’s price is now ranging below the $62 resistance level.
  • On the upside, if the bulls break the $62 resistance level, the crypto’s price will reach the high of either $70 or $80.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend in the month of March. The crypto’s price was trending above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. On March 1, the crypto has an opening balance of $46.62 but traded up to the high of $62 . The LTCUSD pair appreciated by 34.78% in its capitalization in the month of March. On March 16, the bulls tested the $62.40 price level and the price fell to the support of 12-day EMA. The bulls tested the $62 resistance level on more than two occasions but were resisted. The crypto’s price is now ranging below the $62 resistance level.

On the upside, if the bulls break the $62 resistance level, the crypto’s price will reach the high of either $70 or $80. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 28, 2019

  • On the upside, if the price is sustained above the EMAs, the bulls will break the $62 price level.
  • On the downside, if the bearish trend continues, the crypto’s price will fall and find support at the $58 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 27, the price of Litecoin was in a bullish trend. The crypto’s price had earlier fallen to the bearish trend zone after testing the $62 resistance level. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the bullish trend zone. The price reached a high of $62.37 and the bulls were resisted.

The price is retracing and can possibly fall below the EMAs. On the upside, if the price is sustained above the EMAs, the bulls will break the $62 price level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The crypto’s price is trending above the 12-day EMA. On March 27, the bulls reached a high of $62.37 and price retraced and fell below the EMAs.

On the downside, if the bearish trend continues, the crypto’s price will fall and find support at the $58 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 28, 2019

Today's Litecoin (LTC) News

CoinBene says it is “the World's Leading Trustworthy Crypto Assets Platform” at its homepage and as a pro-safety platform, rumors of being hacked are unfounded and pure lies. But this was expected. Centralized cryptocurrency exchanges are honeypots for increasingly sophisticated and nefarious actors. And in 2019, it seems, exchanges “stepped in” with the wrong foot.

Read: Crypto Exchange CoinBene Affirms Long Maintenance Downtime Period Is Not Due To A Hack

After QuadrigaCX drama, Cryptopia sustained hemorrhage and Monday’s DragonEX loss, news of CoinBene hack would have been too much for the community. Encouragingly for the platform’s clients may be spared at the expense of the exchange’s reputation even if it wasn’t hacked. The damage has been done and customers are apprehensive.

But it all started when a Twitter user took to the public that his attempt to deposit funds has been stuck on pending for over an hour and “unfairly” concluding that, well, the exchange has been hacked.

Despite the exchange responding and clarifying that the reason for delay because of wallet maintenance preventing deposits and withdrawals, the hacking rumor did spread like wildfire.

Also Read: Binance Goes Good Will Hunting, Plans to Freeze All Identified Stolen Funds from DragonEx

The situation was further exacerbated by Nick Schteringard, a reporter with Forklog, who reference two ETH wallets with suspicious trading activities. All the same, the failure of CoinBene to make public their wallet maintenance did cast doubt on the safety of user funds but the exchange seems to be working on this and reassuring those in that their platform is secure.

LTC/USD Price Analysis

Litecoin

Up one percent in the last day, Litecoin (LTC) bulls are in control and trading within a bullish breakout pattern. If anything, our last LTC/USD trade plan is valid and as long as prices are trending above $50 and the 20-day MA, traders should consider loading up on every dip with first targets at $70 and later $90. It is easy to see why.

First, note that prices are literally in consolidation mode and although we have these lower lows printing in relation to the upper BB, buyers are firm and likely to edge higher in days ahead. On a more cautious approach, it would be ideal if traders load up once there is a high-volume break above Mar 16 highs at $62. Accompanying volumes, in this case, must exceed 254k of Mar 16 and preferably 410k of Mar 5 in a trend continuation phase with first targets at $90 as laid out before.

Note that even if yesterday’s prices were firm, volumes were low—168k, meaning participation was not as high to warrant a strong bull signal. As a result, caution must prevail and solid confirmation of yesterday’s three-bar bull reversal pattern would definitely reaffirm buyers of Mar 5. Failure could see LTC drop to $50—55 zone.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: March 26, 2019

  • On the upside, if the bulls break above the EMAs, the LTC price will resume its bullish trend and retest the $62 resistance level.
  • On the downside, the crypto’s price will fall if the bulls fail to break the EMAs.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 25, the price of Litecoin was in the bearish trend zone. The price of Litecoin had been in a bearish trend in the last three days. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell into the bearish trend zone. The crypto’s price is below the EMAs which indicate that price is likely to fall again.

However, the bulls are attempting to break the EMAs. On the upside, if the bulls break above the EMAs, the LTC price will resume its bullish trend and retest the $62 resistance level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On March 25, the bulls tested the $60 price level and were resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $58.12.

The bulls are making an attempt to break above the EMAs. The 12-day EMA has been broken but is yet to break the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 25, 2019

  • On the upside, if the bulls break the resistance levels, the crypto’s price will rise and reach a high of $70.
  • On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low of $58.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a bullish trend. The LTC price had been facing the $62 resistance level. The bulls tested the $62 resistance level and fell to the support of the 12-day EMA and the 26-day EMA. On March 23, the bulls tested the $61 resistance level and the price fell below the EMAs. Today, the bulls are making another attempt at the resistance levels.

On the upside, if the bulls break the resistance levels, the crypto’s price will rise and reach a high of $70. On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low of $58. The crypto’s price is trading at $60.01 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the price of Litecoin fell to a low at $58 and commenced a bullish trend above the 12-day EMA and the 26-day EMA.

The bulls are now making an attempt at the resistance levels. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: March 23, 2019

  • On the upside, if the bulls break the $60 price level, the crypto’s price will reach the highs of $70 and $80.
  • On the downside, if the bulls fail to break the resistance level, the crypto’s price will fall.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend in the month of March. The price of Litecoin had been in the bullish trend zone in the previous month. Since on March 7, the bulls have been testing the $60 resistance level. The bulls tested the resistance level on three occasions without breaking it. On March 16, the bulls broke the $60 price level but the bears pulled back price below the resistance level. On the upside, if the bulls break the $60 price level, the crypto’s price will reach the highs of $70 and $80.

On the downside, if the bulls fail to break the resistance level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 21, 2019

  • The crypto’s price is trading at $59.50 as at the time of writing.
  • On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low at $58.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 20, the price of Litecoin was in a sideways trend. The 12-day EMA and the 26-day EMA were trending horizontally indicating the sideways trend. The crypto’s price fell to a low at $58.70 and commenced a range bound movement above it. Today, the bulls broke the EMAs and commenced a bullish trend. The crypto’s price is trading at $59.50 as at the time of writing. On the upside, the crypto’s price is expected to rise as it above the EMAs.

The crypto’s price is likely to face resistance at the $62 price level. On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low at $58. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Yesterday, while in a sideways trend, the bears took price to a low at $57.53 and the bulls pulled back price above the 12-day EMA and the 26-day EMA. The crypto’s price is now trending above the 12-day EMA. The price of Litecoin is facing an initial resistance at the $61 price level.

If the price retraced to the 12-day EMA, the bulls are likely to resume their bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 20, 2019

Today's Litecoin News

CMC, the real-time coin tracker, is one of the most reliable and longest-serving coin trackers in the space. Talks of propagating manipulation and accusation of failing to de-list exchanges broadcasting fake volumes might have damaged their reputation but it is their latest move that could move them back on track. CMC has partnered with a blockchain analytic firm and together they shall be grading ranked crypto assets.

Read: New Bitcoin Regulations Coming to Nevada, California, OK, RI and Hawaii Following BitLicense’s Lead

By using a new rating system, Fundamental Crypto Asset Score (FCAS) that takes into account developer behavior-known to spike ahead of big announcements, user activity, and market maturity, end users will have a better and a comparative metric that will test the viability of the project and its future growth perspective.

Better still, because FCAS incorporates deep set data—collected from different sources and internally parsed– and influencing fundamentals, navigating the burgeoning space is now easy for the end user. As expected, a big chunk of the indicator’s score will be derived from user activity—tracking how customers frequent the network’s platform– and developer behavior—where the frequency of code changes, code improvements, and community involvement will be analyzed and scored.

Also Read: Major Bitcoin Security Professional Targeted in Assassination Attempt, Leads to Fervent Search to Hide

From FCAS ratings, Litecoin has an A meaning it is excellent and equally drawing customers and developers.

LTC/USD Price Analysis

Litecoin

With a market cap of $3.5 billion, Litecoin (LTC) is the fifth most capitalized coin in the space. With rumors of MimbleWimble implementation and CTs, LTC has been outperforming other assets in the space. In the last week, for example, Litecoin added a 4.2 percent and trading above $50 in a bullish breakout pattern.

Litecoin

As it is, upside momentum is strong and although prices are pulling back after finding resistance at $60, very low—in light of candlestick arrangement—above $50 should be a buying opportunity for both set of traders with first targets at $90. However, if there is a high volume (exceeding 407k of Mar 5 and the recent average of around 172k) drop reversing gains of Mar 15 and 16, then aggressive traders should exit longs because it is likely that prices will retest $50 before buyers resume trend.

All the same, the contagion effect will pick up and performance will be in part dependent on Bitcoin’s. If prices slow down and drop, then we shall see a mirror effect as losses in most altcoins will amplify. In that case, the drop to $50 will be accelerated.

On a more optimistic approach and should bulls pick up as prices stabilize above $60, then traders should add their longs as prices break clear off $50 towards our ideal bull targets at $90 and later $110.

 

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


 

Litecoin (LTC) Daily Price Forecast: March 19, 2019

  • The price of Litecoin is trading at $58.42 as at the time of writing.
  • If the bulls break above the EMAs, the crypto’s price will revisit the previous highs of $60 and $62.
  • On the other hand, if the bulls fail to break above the EMAs the crypto’s price is likely to fall to the low of $54.91

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 18, the price of Litecoin was in a bearish trend. Yesterday, the bulls tested the $62 price level and the crypto’s price was resisted. The bears broke the 12-day EMA and the 26-day EMA to fall to a low at $58.70 which resulted in a range bound movement. While in the bearish trend zone the bulls are testing the 12-day EMA to break above it. The price of Litecoin is trading at $59.40 as at the time of writing.

If the bulls break above the EMAs, the crypto’s price will revisit the previous highs of $60 and $62. On the other hand, if the bulls fail to break above the EMAs the crypto’s price is likely to fall to the low of $54.91 . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bears broke below the EMAs after the bulls were resisted at the $61 price level. The LTC price fell to a low at $58 and it is ranging below the 12-day EMA and the 26-day EMA. The bulls are trying to break above the EMAs.

If the bulls fail to break above the EMAs, the crypto’s price will continue its range bound movement. On the other hand, the crypto’s price will fall since it is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 18, 2019

  • The price of Litecoin is trading at $60.48 as at the time of writing
  • On the upside, if the bulls break the $64 resistance level and price is sustained above it, the price of Litecoin will reach a high of $70.
  • On the other hand, if the bulls fail to sustain a price above the $64 price level, the crypto’s price will fall.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a sideways trend. The price of Litecoin was ranging above the $56 in a range bound movement. The 12-day EMA and the 26-day EMA was trending horizontally indicating the sideways trend. On March 15, the bulls broke the EMAs as the price reached a high of $62.26. The bears made a downward correction to the low of $61.54. Today, the bulls are making another bullish movement to break the $64 resistance level but has fallen again

On the upside, if the bulls break the $64 resistance level and price is sustained above it, the price of Litecoin will reach a high of $70. On the other hand, if the bulls fail to sustain a price above the $64 price level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The LTC price is trading at $62.89 as at the time of writing. A trend line has been drawn to determine the price level and the duration of the trend. If price continues to test the trend line without breaking it, the trend is said to ongoing.

Meanwhile,the trend has been terminated as price breaks the trend line. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: March 16, 2019

  • On March 1, the price of Litecoin has an opening balance of $45.43 but rose to a high of $60.85 as at the time of writing.
  • On the upside, if the bulls sustain the price level above the EMAs, the crypto’s price will rise to reach the highs of $70 and $80 price levels.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend in the month of March. On March 1, the price of Litecoin has an opening balance of $45.43 but rose to a high of $60.85 as at the time of writing. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The price is attempting to break the previous resistance at $60. On the upside, if the bulls sustain the price level above the EMAs, the crypto’s price will rise to reach the highs of $70 and $80 price levels.

On the other hand, if the bears break below the EMAs, the crypto’s price will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 14, 2019

  • The LTC price is trading below the EMAs at $130.88 as at the time of writing.
  • If the bulls fail to break above the EMAs, the crypto will continue its range bound movement.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 13, the price of Litecoin was in a sideways trend zone. In the previous day, the LTC price fell to its low at $53.75 and commenced a bullish movement which broke the 12-day EMA and the 26-day EMA. The crypto’s price reached a high of $58 and commenced a range bound movement. The bears pulled back price to the bearish trend zone and commence another range bound movement.

On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $60 resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto will continue its range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On March 13, the bears had an upper hand over the bears. On the same date, the bears initially broke the 12-day EMA and the 26-day EMA but the bulls pulled back price above the EMAs.

There was a bearish pin bar that indicated rejection of the bullish trend which brought price back to the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 12, 2019

  • On March 11, the bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $55.59.
  • On the downside, if the bearish trend is continuing, the crypto’s price will fall to the previous low at $49.53.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 11, the price of Litecoin was in a bearish trend zone. On March 9, the crypto’s price reached a high of $59.55  but was resisted. A bearish pin bar showed at the $60 price level rejecting upward price movement.

The pin bar is a reversal candlestick which has terminated the current bullish trend. The LTC price has been retracing from the recent high. On March 11, the bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $55.59. As the LTC price is below the EMAs, the crypto’s price is likely to fall.

Meanwhile, the LTC price is ranging below the EMAs. On the downside, if the bearish trend is continuing, the crypto’s price will fall to the previous low at $49.53. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its uptrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 4-hour chart, the price of Litecoin is in the bearish trend zone. Since the appearance of the bearish pin bar, the crypto’s price has been on a downward trend. On the downside, there is likelihood that price will continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M


Litecoin (LTC) Daily Price Forecast: March 11, 2019

  • The bulls were unable to break above the $60 resistance level.
  • On March 9, the LTC price fell as the bears broke below the12-day EMA and price fell to the support of the 26-day EMA.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a bullish trend zone. The crypto’s price reached a high of $60 and was hovering above the 12-day EMA and the 26-day EMA. The bulls were unable to break above the $60 resistance level. On March 9, the bears broke below the12-day EMA to reach the support of the 26-day EMA. On the upside, if the 26-day EMA holds, the bulls are likely to commence a bullish movement above EMAs.

Then a possible retest of the $60 resistance level is probable. On the downside, if the bears complete the breaking of the EMAs, the crypto’s price will fall to the bearish trend zone. Then a possible retests of the previous low are possible. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price was fluctuating below and above the 12-day EMA and the 26-day EMA. The crypto’s price is now above EMAs which indicates prices are likely to rise.

On the upside, if the price is sustained above the EMAs, the bulls will have a sustained move to reach the previous high of $60. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M


Litecoin (LTC) Price Watch: March 10, 2019

Bitcoin (BTC), the most popular digital asset in the market, has been growing during the last few weeks. As time passes, it might be more difficult to reach a lower price. Additionally, there are some digital currencies such as Litecoin (LTC) and Binance Coin (BNB) that are growing at very fast rates.

Could Litecoin Reach the Third Position in the Market?

Since reaching a bottom of $23 back in December 2018, Litecoin has increased its price by more than 100%. Due to this fast growth in a short period of time, there are several enthusiasts that are wondering whether it is possible for the cryptocurrency created by Charlie Lee in 2011 to surpass XRP as the third largest digital asset in the market.

According to the SFOX volatility report, Litecoin experienced increased volatility and price increase when privacy features were announced.

The SFOX volatility report reads as follows:

“Litecoin volatility spiked when Litecoin Foundation announced it’s exploring the integration of Mimblewimble, a protocol offering privacy and fungibility to blockchains. In March, keep an eye on how privacy news moments impact markets, such as recent revelations over Coinbase’s third-party service provider selling client data.”

Due to the fact that Venezuela is living an economic, political and social crisis, individuals in the country are using virtual currencies, including Litecoin, to move funds, pay for goods and services and receive money from family living abroad.

These things and the upcoming halving that is going to be affecting Litecoin in the future could eventually help the digital asset reach higher levels in the short term. Nevertheless, this might not happen.

Since September 2018, Ripple’s XRP is in a bear trend. Although it seemed that it was able to recover from the bear market, the digital asset fell from $0.6 down to $0.3 in just a few months. Nonetheless, Ripple continues to sign new partnerships with companies around the world to start using different products developed them.

Although Litecoin enthusiasts expect the digital asset to keep growing and eventually surpass XRP, there is still a long way for it to happen. XRP has a market capitalization of $12.99 billion while Litecoin has a market valuation of $3.51 billion. Litecoin would have to increase 270 percent to reach XRP. That means that each LTC should be worth close to $215 before being able to surpass XRP.

However, XRP could drop to $0.085 to reach $3.51 billion market cap, a further drop of 97%, which seems not close to happening.

Mati Greenspan, a senior market analyst at eToro, wrote that the number one real-world usage of Litecoin seems to be a settlement method for crypto traders. In general, LTC is used by people to send funds between crypto exchanges since it is cheaper and faster to do it with Bitcoin. He then mentioned that with the upcoming halving event, it is likely for it to outperform the crypto market.

Litecoin is expected to be halving as soon as on August 7, 2019. The rewards that Litecoin miners will receive will drop from 25 down to 12.5 coins. This will be reducing Litecoin’s inflation rate per annum to 4.26% compared to 9.02% now. If there is a reduced supply issuance, with higher demand in the market for this digital asset, the price could start to move upwards in a faster way.

Litecoin is currently being traded around $57.55 and it has a market cap of $3.51 billion.

Author: Carl T


Litecoin (LTC) Technical Analysis: March 8, 2019

Today's Litecoin (LTC) News

The last Litecoin halving event happened on Aug 25, 2015. It’s always an exciting, inbuilt schedule that happens every other time 840,000 blocks have been mined. The reason for this is because, in every halving session, the number of Litecoin rewards are halved by 50 percent.

Read: Crypto Analyst Gives Five Reasons Why Bitcoin (BTC) Price Won’t Go Under $2,000: Solid Reasoning?

In the last halving, the number of LTC rewards dropped from 25 LTCs to 12.5 LTCs and the one scheduled to happen in the next 150 days or so will see the number of miner rewards drop to 6.25 LTCs. Many expect that these LTCs rewards will lead to coin scarcity consequentially leading to an increase of demand further pumping prices cementing LTC at fourth.

But, before we get ahead of ourselves, we should note that the price of any crypto asset is largely determined by supply-demand dynamics, hype, adoption levels (use-case) and code improvement. Currently, what’s propping prices is the expectation of privacy boosting features as CT.

Also Read: Former Bitmain Employees Look To Launch Crypto Custody, OTC Trading And Bitcoin Lending Startup

Besides, the latest announcement that the government of Venezuela will only allow Litecoin and Bitcoin as the two bona fide agents of remittance is massive. Already, with a crumbling economy and endless politics, crypto assets as BTC and LTC are turning out to be reliable life saving and medium of exchanges vehicles gradually replacing the plunging and wiped out Bolivar.

LTC/USD Price Analysis

Litecoin

At the time of press, Litecoin (LTC) is up 2.3 percent from yesterday’s close–which is nothing if you ask me. The coin has been on a roll in recent days registering double-digit gains at some point. All the same, Litecoin’s performance has been impressive and is up 23 percent in the last day.

This is bullish and we shall continue to hold the same preview only that we expect a correction as price re-valuation happens. At the moment, we note that Litecoin is trading within a bullish breakout pattern and after Mar 6 close above $50, we can conclusively say that the bear breakout pattern of early Nov 2018 no longer holds.

As a result, traders can begin looking for entry opportunities in lower timeframes with crosshairs at $70. Ideally, any dip towards the $50 is a perfect opportunity for traders to ramp up with tight stops at Mar 5 lows of $45 or thereabout. If this bullish momentum is sustained, other targets within our view stand at $90 and later $110.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: March 7, 2019

  • The crypto’s price is trading at $58 as at the time of writing.
  • On the upside, if the crypto’s price is sustained above the EMAs, the price of Litecoin is expected at the $70 price level.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 5, the price of Litecoin was in a bullish trend zone. The bulls continued to trend higher as the crypto’s price reached a high of $56.60. The bulls have earlier overcome the resistance at the $50 price level as the crypto’s price trends higher. On the upside, if the crypto’s price is sustained above the EMAs, the price of Litecoin is expected at the $70 price level.

On the downside, if price breaks below the 12-day EMA and the 26-day EMA, the crypto is likely to resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The 12-day EMA and the 26-day EMA are trending northward indicating the bullish trend. The crypto’s price is trading at $58 as at the time of writing.

The crypto’s price is above the EMAs which indicate that price will continue to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: March 5, 2019

  • On the downside, if the bearish trend continues, the crypto will fall to the next support level at $44.
  • On the other hand, if the bulls fail to break above the EMAs, the range bound movement will continue.

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, March 4, the crypto was in a bearish trend zone. The price of Litecoin was in the bullish trend when the crypto was resisted at the $50 resistance level. As a result, the bears broke below the 12-day EMA and the 26-day EMA to commence the bearish trend. The crypto's price fell to the low of $46.56 and commenced a range bound movement.

On the downside, if the bearish trend continues, the crypto will fall to the next support level at $44. On the other hand, if the bulls fail to break above the EMAs, the range bound movement will continue. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The crypto's price is ranging below the 12-day EMA and the 26-day EMA after the bearish trend. If the bulls break the EMAs, the crypto will be in the bullish trend zone.

The crypto's price will rise again to retest the $50 resistance level. On the other hand, if the bulls fail to break above the EMAs, the range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: March 4, 2019

  • The LTC price  faces resistance at the $50 price level.
  • On the downside, if the bulls failed to break above the EMAs, the crypto will fall and find support at the previous low at the $45.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week the price of Litecoin was in a sideways trend zone. The crypto’s price was below and above the 12-day EMA and the 26-day EMA. On March 1, the bulls break above the EMAs to reach the bullish trend zone. The crypto’s price reached a high of $50 but was repelled. However, as the bulls failed to break above the $50 price level, the crypto is forming a range bound movement below the $50 price vessel.

The range bound movement resulted in the bears breaking the 12-day EMA. Today, the price of Litecoin is trending at the 12-day EMA. On the downside, if the bulls failed to break above the EMAs, the crypto will fall and find support at the previous low at the $45. On the upside, if the bulls broke above the EMAs, the crypto’s price will resume its uptrend but will face resistance at the $50 price level. Meanwhile, the MACD line and the signal line are above the zero lines which indicate a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week, the LTC price was trending above the 12-day EMA and the 26-day EMA. In other words, the crypto was in the bullish trend zone.

On March 3, the bears broke below the EMAs as the price fell to the low of $48. The LTC price is still likely to fall because the price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.


Litecoin (LTC) Long-Term Price Forecast: March 2, 2019

  • The crypto appreciated by 45.50% of its capitalization in the month of February.
  • The reason for the price appreciation was that the bulls take control of price from February 8 to February 28.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The LTC/USD pair was in a bullish trend in the month of February. On February 1, the crypto has an opening balance of $32.04. On February 28, the LTC price closed trading at the price of $46.62. In other words, the crypto appreciated by 45.50% of its capitalization in the month of February. The reason for the price appreciation was that the bulls take control of price from February 8 to February 28. On February 8, the bulls broke the 12-day EMA, the 26-day EMA and reached a high of $52.59. The LTC price had been bullish in the month of February.

However, the LTC prices faces resistance at the price of $54. On February 24, the crypto’s price had a downward correction as the price fell to the low of $44.75. The bulls made a recovery as it pulled back to the high of $46.62. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: March 1, 2019

  • The crypto’s price has been ranging above the $45 price level since February 24.
  • If the bulls failed to break above the EMAs, the crypto will continue its range bound movement above the $45 price level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 28, the price of Litecoin was in a sideways trend zone. Yesterday, the bulls broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The bears immediately pulled back price below the EMAs indicating that price is likely to fall. The crypto’s price has been ranging above the $45 price level since February 24.

On the downside, if the bulls failed to break above the EMAs, the crypto will continue its range bound movement above the $45 price level. On the upside, if the bulls broke above the EMAs, the crypto’s price will resume its uptrend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the sideways trend zone. On February 27, the bulls broke above the EMAs, as the crypto traded in the last 48 hours. However, the bears pulled back price below the EMAs as the crypto continue its range bound movement.

Today, the LTC price is back above the EMAs as the crypto is trading in the bullish trend zone.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.


Litecoin (LTC) Technical Analysis: February 28, 2019

Latest Litecoin News

Crypto is promoted as an alternative to the susceptible, government-issued fiat money. We can draw valuable lessons from events happening in Venezuela and what geopolitical factors can do to a currency propped by the strength of an economy’s export like in the case of Iran and what US sanctions did to the Iranian Real.

All of them moved by huge margins and hyperinflation is eroding and literally destroying lives. However, without getting ahead of ourselves we must be realistic. Crypto, although defining and shaping, is a long way from mainstream adoption. Education is bringing in some believers but what we need to see is used. By this we mean there should be flexible avenues for spending cryptocurrencies in a secure environment.

Applications like Tippin.me are doing just that but before then, it is the level of permeation of scaling solutions as Lightning Network that will determine the speed of adoption. Statistics from several trackers indicate that the scaling option, though in beta, is gaining traction as node operators increase by double digits as the total network capacity follow suit.

On the development plane, the CTO of Lightning Labs, Olaoluwa Osuntokun, has released a draft of code changes that will allow users to receive funds to a static address.

LTC/USD Price Analysis

Litecoin

At the time of writing, Litecoin (LTC) was up 1.4 percent from yesterday’s close but down 11.1 percent from last week’s close. Even so, our previous LTC/USD trade plan is sound as prices are trending above $35, our breakout level and our main support line. Since we are net bullish and expect prices to expand, risk-averse or conservative traders should be off this trade until after prices race above $50 at the back of high trade volumes. It is easy to see why.

Note that from a top-down approach, sellers are technically in control and trading within a bear breakout pattern mainly because of liquidation of early Nov 2018. Therefore, armed with this knowledge, bulls will be officially in charge if there is a solid breakout, reversing losses of Feb 24 as the second stage of a typical breakout pattern—the retest, is nullified while Litecoin (LTC) bottom up in a much-awaited reversal.

Before any of these medium-long term trade conditions are validated, risk-off traders can buy on dips in line with Feb 18, high volume bull bar with first targets at $50. On the reverse side, sellers will wreck-havoc if there is a confirmation of Feb 24 double bar bear reversal pattern, the bearish engulfing, as LTC drop below $42. It is likely that will cause a sell-off putting pressure on bulls who might cave-in, as the bear resumption phase of the bear breakout pattern of early Nov sets in.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: February 28, 2019

  • The bulls took price above the EMAs and it is trading at $46.64 as at the time of writing.
  • The LTC price will rise to reach its previous high of $54.
  • If the bulls failed to break the EMAs, the crypto will continue its range bound movement above the $45 price level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday February 27, the price of Litecoin was in a sideways trend zone. Yesterday, the bulls failed to break the 12-day EMA. Today, the bulls broke the 12-day EMA but are attempting to break the 26-day EMA. On the upside, if the bulls broke above the EMAs, the crypto’s price will be in the bullish trend zone.

The LTC price will rise to reach its previous high of $54. On the downside, if the bulls failed to break the EMAs, the crypto will continue its range bound movement above the $45 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. On February 27, the crypto’s price was above and below the 12-day EMA and the 26-day EMA. Also, the bears pulled back price but were equally resisted by the bulls. The bulls took price above the EMAs and it is trading at $46.64 price level.

If the bulls continue with its bullish movement, the crypto’s price will rise but will face resistance at the $54 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 27, 2019

  • The crypto’s price is still ranging below the EMAs at the price of $45.88.
  • If the bears break the $45 price level, the crypto’s price will fall to the next support level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 26, the price of Litecoin was in a sideways trend zone. The crypto’s price is still ranging and below the 12-day EMA and the 26-day EMA. On February 25, the bulls fail to break above the EMAs and were resisted. Today, the bulls are making another attempt to break the EMAs and if it does the crypto’s price will be in the bullish trend zone.

On the other hand, if the bears break the $45 price level, the crypto’s price will fall to the next support level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the sideways trend zone. Yesterday, the bulls tested the 12-day EMA and the 26-day EMA to break above it but were resisted on three occasions. If the bulls failed to break the EMAs, the crypto will continue its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 26, 2019

  • The LTC price is trading at $45.50 as at the time of writing.
  • On the downside, if the bulls failed to break the EMAs and the crypto’s price falls, it will find the next support level at $40.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 25, the price of Litecoin was in a sideways trend zone . The LTC price fell to the low of $44.75 and commenced a range bound movement. However, the bulls made a bullish movement attempting to break the 12-day EMA and the 26-day EMA. The 12-day EMA resisted the bullish movement as price slide back to its range bound movement.

On the upside, if the bulls break above the EMAs, the crypto will be in a bullish trend zone. Traders then can initiate long trades in anticipation of a bullish trend. On the downside, if the bulls failed to break the EMAs and the crypto’s price falls, it will find the next support level at $40. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the sideways trend zone. Yesterday, the bulls broke above the 12-day EMA and the 26-day EMA but the bears pulled back price. The crypto’s price is below the EMAs indicating that price is in a bearish trend.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: February 25, 2019

  • On February 24, the crypto’s price reached a high of $54.80.
  • The bears broke below the 12-day EMA and the 26-day EMA as the crypto reached the low of $45.50.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week the price of Litecoin was in a bullish trend zone. On February 24, the crypto’s price reached a high of $54.80. The bulls could not break above the $54 price level but was resisted at the price of $53.91. The bears broke below the 12-day EMA and the 26-day EMA as the crypto reached the low of $45.50. The crypto’s price is now ranging above the $45 price level.

If the bears break below the $44 price level, the crypto will fall to the low of $42. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price reached a high of $53.43 and commenced a range bound movement. A bearish pin bar tested the $54 price level and the bears broke the 12-day EMA and the 26-day EMA. The crypto’s price fell to the $45.24 and commenced a range bound movement.

Price is likely to fall after the range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Litecoin (LTC) Long-Term Price Forecast: Feb 23, 2019

  • The LTC price reached another high of $53.79 but closed at the $52.56.
  • The crypto is expected to reach the highs of $60 and $65 price levels.

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The LTC/USD pair is in a bullish trend zone in the month of February. On February 1, the crypto has an opening balance of $32.04. After its range-bound movement, on February 8, the bulls broke the 12-day EMA, the 26-day EMA and reached the high of $43.81. The crypto’s price is in the bullish trend zone which indicates that the crypto will continue to rise. The crypto’s price reached another high of $53.79 but closed at the $52.56. The crypto is expected to reach the highs of $60 and $65 price levels.

The forecast will be invalidated if the bears break below the EMAs, and the crypto resumes a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 22, 2019

  • On the downside, if the bears break below the EMAs, the crypto will resume its downtrend.
  • The LTC price is expected to reach the highs of $55 and $60 if the bulls sustain a price above the EMAs.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 21, the price of Litecoin was in a bearish trend zone. The crypto’s price fell after testing the $54 resistance level. The bears broke the 12-day EMA but the crypto’s price fell to the support of the 26-day EMA. On the downside, if the bears break below the EMAs, the crypto will resume its downtrend.

The LTC price is expected to reach the highs of $55 and $60 if the bulls sustain a price above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On February 21, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $49.75. Later, the LTC price was ranging above $49 price level.

Today, the bears are still in control of price below the EMAs. The LTC price is now trading at $50.38 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 21, 2019

  • The LTC price is now range bound above the $51 price level.
  • The crypto's price has broken the $48 resistance level as the LTC price reached a high of $51.73 as at the time of writing.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 20, the price of Litecoin was in a bullish trend. On February 19, the bulls reached a high of $49.44 and made a downward correction. The bears took price to the low of $48.11 and at the support of 12-day EMA. Today, the bulls have broken the $48 resistance level as the price reached a high of $51.73.

After the bulls broke the resistance level, the price action showed a Doji candlestick indicating that the buyers and the sellers have reached an equilibrium price. The LTC price is now range bound above the $51 price level. Nevertheless, the crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. On February 20, the bulls broke the $48 resistance level,the EMAs and reached a high of $51.84. The crypto’s price is now range bound above the $51 price level and it is trending above the 12-day EMA. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 20, 2019

  • The LTC price was unable to rise as a result of the resistance at $48 price level.
  • The LTC price will rise if the crypto’s price is sustained above the EMAs and the $48 resistance level is broken.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 19, the price of Litecoin was in a bullish trend. The bullish trend of February 18 was terminated the following day when the trend line was broken. The crypto’s price moved away from the trend line and fell to the support of the 12-day EMA. The bulls are making another attempt to revisit the $48 resistance level.

On the upside, the crypto's price may rise, if the crypto’s price is sustained above the EMAs and the $48 resistance level is broken. On the downside, if price breaks below the EMAs, the crypto will fall to the $40 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The bulls tested the $48 resistance level on three occasions but were repelled at each attempt. The crypto’s price has broken below the 12-day EMA and the 26-day EMA. However, the bulls are making a comeback above the EMAs.

On the downside, if the bears break below the EMAs, the crypto is likely to resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 19, 2019

  • The current upward price movement was repelled because the crypto faces resistance at the $48 price level.
  • The price of Litecoin has reached the high of $50 price level but was resisted.

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 18, the price of Litecoin was in a bullish trend. The crypto’s price is making a series of higher highs and higher lows. A bullish trend line is drawn showing the support levels of price where traders can initiate long trades. From the chart, a bearish candlestick has broken the trend line indicating that the trend is terminated.

A trend is said to be terminated when price breaks the trend line and the following candlestick is closed on the opposite of it. Meanwhile, the price of Litecoin is facing resistance at the $48 price level. On the upside, the crypto's price may rise, if the crypto’s price is sustained above the EMAs and the $48 resistance level is broken. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is in a smooth uptrend but has been resisted at the $48 price level. The ETH price is retracing but now in a bullish movement. The ETH price is likely to retest the resistance level at $48 and probably break it.

On the downside, if the bears break below the EMAs, the crypto is likely to resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 18, 2019

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Last week the price of Litecoin was in a sideways trend. The crypto's price was ranging above the $40 price level in the last one week. The LTC price fluctuated above the 12-day EMA and 26-day EMA. Today, the LTC price is above the EMAs which indicates that price is likely to rise.

On the upside, the crypto's price may rise, if the bulls break the $48 resistance level. On the downside, if the bears break below the $40 price level, the crypto will resume its downward trend. The LTC price is trading at $43.86 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The LTC price was fluctuating above and below the 12-day EMA and the 26-day EMA. Neither the bulls nor the bear has upper hand as the price was range bound above the $40 price level.

Today, the crypto's price is above the EMAs which indicates that price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Litecoin (LTC) Long-Term Price Forecast: Feb 16, 2019

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $40, $30, $20

The LTC/USD pair was in a sideways trend zone in the month of January. In January, the crypto's  price ranged from $30.99 to $32.03. The price of Litecoin appreciated in the month of January. On February 8, the bulls broke the range bound movement and the EMAs as the crypto reached the high of $47.60.

The crypto’s price is likely to rise as the price is in the bullish trend zone. However, the crypto’s price is facing resistance at the $48 price level. On the upside, the crypto’s price has to be sustained above the EMAs, and the bulls break the $48 resistance level.

Then the crypto's price is likely to rise because it is above the EMAs. The LTC price is trading at $42.68 as at the time of writing. The crypto is expected to reach the highs of $60 and $65 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 15, 2019

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 14, the price of Litecoin was in the bearish trend zone. The crypto’s price has fallen into the bearish trend zone after days of range bound movement. On February 13, the bears broke the 12-day EMA and the 26-day EMA as price fell to the low of $41.70. The crypto’s price now ranges below the EMAs.

As the LTC price is below the EMAs, the crypto has the tendency to fall. The LTC price is trading at $42 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The price fell to a low of $41.71 and commenced a range bound movement. The crypto’s price had been ranging below the EMAs in the last three days.

Today, the bulls have broken above the EMAs, as the crypto resume its bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 14, 2019

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 13, the price of Litecoin had continued its sideways trend. It has been ranging above the 12-day EMA in the past five days but the bears had broken below the EMAs. The crypto’s price fell to the low of $41.70 and immediately commenced a bullish movement. The bulls were attempting to break above the EMAs.

If they do, the crypto’s price will be in the bullish trend zone. The crypto may rise but will face resistance at the $48 price level. If the crypto’s price remains in the bearish trend zone, it may resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On February 13, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price fell to a low of $41.71 and commenced a bullish movement. The bulls were resisted at the 26-day EMA and price fell back into the bearish trend zone.

It is likely the crypto’s price will further depreciate if the price remains in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 13, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 13, the price of Litecoin was ranging above the $44 price level. The crypto’s price retraced and it is trending on the 12-day EMA. On February 11, the bulls reached the $48 price level and were resisted. At the support of the 12-day EMA, the bulls are making a series of higher highs and higher lows.

If the bulls break the resistance at $48, the crypto will revisit the previous high of $60. On the downside, if the bears take price below the 12-day EMA and the  26-day EMA, the downward trend will resume. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Yesterday, the crypto’s price fluctuates below and above the EMAs. At the low of $43.57, the crypto commenced another bullish movement to the bullish trend zone.

The crypto’s price is ranging at the $44 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: February 12, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $40, $38, $36

Yesterday, February 11, the price of Litecoin was ranging above the $44 price level. The crypto’s price retraced and broke below the 12-day EMA. But the 26-day EMA provided support for the bullish trend. Today, the bulls are attempting to break above the EMAs.

On the upside, if the bulls sustain a price above the EMAs, the crypto’s price will reach a high of $50 but may face resistance at the $48 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On February 11, the crypto’s price fell to the low of $43.39 and commenced a range bound movement. The bulls are attempting to break the EMAs to reach the bullish trend zone.

If the bulls overcome the EMAs, the crypto’s price will rise and retest the $48 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 11, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week, the price of Litecoin was ranging above the $33 price level. On February 8, the bulls broke the EMAs as the price reached a high of $43.81. The bulls continued its bullish movement and reached a high of $47.60. The crypto’s price is retracing as it is likely to face resistance at the $48 price level.

The LTC price is above the EMAs and has the tendency to rise if the price is sustained above the EMAs . The LTC price is expected to reach a high of $55. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish zone. The crypto’s price reached a high of $44.56 and began fluctuating above the 12-day EMA and  the 26-day EMA. The LTC price reached a high of $48.10 and was resisted. The bears have broken the EMAs and the crypto’s price is now in the bearish trend zone.

If the crypto’s price remains in the bearish trend zone, the LTC price is likely to fall. On the other hand, if the bulls break the EMAs and reach the bullish trend zone, the bulls will retest the $48 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 9, 2019

Yesterday, Litecoin price led the crypto market upwards as it surged over 10 percent within hours. Since then, Litecoin has seen a spike of 37 percent in its price. From about $33, it has gone well above $40.

The market and Litecoin especially, is still enjoying the greens. At the time of writing, Litecoin has been trading at $44.61 with 24-hours gains of 18.49 percent. In the BTC market as well, it has been rising by 11.14 percent.

This drastic surge in Litecoin price has it surpass Bitcoin Cash and EOS to take the 4th position. Litecoin creator Charlie Lee took to Twitter to share his excitement of Litecoin leading the gains.

LTCUSD Shorts

However, despite the onslaught of Litecoin bulls, the LTC USD shorts have hit the all-time high at 289770 on February 8th, 2019 according to the data provided by TradingView.

Author: Azeez M


Litecoin (LTC) Long-Term Price Forecast: Feb 9, 2019

LTC/USD Long-term Trend: Bullish

  • Resistance Levels: $60, $70, $80
  • Support levels: $40, $30, $20

On January 10, the LTC/USD pair was in the bearish trend zone. The bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $34.01. The crypto's price further depreciated to the low of $30.51 and commenced a range bound movement. The LTC price had been range bound between the levels of $30 and $35 before the price breakout. The 12-day EMA and the 26-day EMA are horizontal indicating the range bound movement. On February 8, the bulls break the EMAs and the resistance level at $35 to reach the bullish trend zone. The crypto's price is likely to rise because it is above the EMAs.

The LTC price is trading at $43.24 as at the time of writing. The crypto is expected to reach the highs of $60 and $65 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.


Litecoin (LTC) Technical Analysis: February 8, 2019

Latest Litecoin News

QuadrigaCX users are incensed. And they have every right to be disappointed. There is no excuse for the exchange’s executives. Gerald Cotten, the founder, tasked himself with the responsibility of securing the exchange’s cold wallet private keys despite his failing health conditions and when he died back in Dec 2018, he went down the grave with $190 million worth of digital assets.

Read: Local Bitcoin ATM Business in Miami, Florida Says They Are Booming Amid Bear Market

Efforts to trace and probably extract the wallets’ private keys have so far been futile. And assuming lawyers decide to liquidate QuadrigaCX assets, not everyone would be sated from the loss of an appreciating asset.

Meanwhile, Google is building a new search engine with a sole objective of extracting useful information from public blockchains like Ethereum, Bitcoin, and Litecoin. The suite of tool called Blockchain ETL—or Extract, Transform, Load—will be used to discover, extract and analyze data from public blockchains and Allen Day, a 41-year-old Google Cloud Developer and Data Scientist, is behind the project.

Also Read: Texas State Securities Board’s Newest Report Leads to 16 Enforcement Orders Against Crypto Scams

Already, the entire history of these blockchains are at Google’s Big Query and once the solutions go live, users would easily navigate these blockchains like they do the internet when searching for information. About this development, Day said:

“In the future, moving more economic activity on chain won’t just require a consensus level of trust. It will require having some trust in knowing about who it is you’re actually interacting with.”

LTC/USD Price Analysis

Back to the charts, LTC is up 12.35 percent. So far, it has been resilient and at this rate, it is likely that prices will inch higher, triggering buys at $35—our minor resistance line and buy trigger. It is easy to see why.

From the charts, it is clear that prices are finding support straight off the support trend line and from the way prices are moving, it is clear that bulls of late Dec and early Jan are back. All the same, before prices edge past $35, we shall maintain a neutral stand.

Notice that despite our optimism, bears are technically in control and trading within a bear breakout pattern of mid-November 2019. With $50 doubling up as our major resistance line and breakout level, it is vital for bulls to retest and even close above this mark.

After all, in a larger bear breakout pattern, price action is within the retest phase—the second stage of a classic breakout pattern and as breakout rules dictate, LTC prices would probably retest $50 before bear trend resumes. The moment bulls clear $35, risk-off traders can buy on a pullback with stops at $30 with the first target at $50 for a 1:3 risk reward ratio.

All Charts Courtesy of Trading View–CoinBase

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: February 8, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, February 7, the price of Litecoin was in a bearish trend. On February 7, the bulls made attempt to break above the EMAs and it is now in the bullish trend zone. The LTC price is ranging at the $33 price level. The price of Litecoin is now within the range-bound levels of $30 and $35.

On the downside, if the downward trend continues, the LTC price will fall and reach a lower price level of $ 30. On the upside, if the bulls break above the EMAs, the LTC price will attempt to reach the upper price level of $35. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and reached a high of $34. However, the crypto's price faced resistance at the $34 price level and was repelled. The price of Litecoin fell to the bearish trend zone.

Today, the bulls made another bullish movement and break above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Litecoin (LTC) Daily Price Forecast: February 7, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70\
  • Support Levels: $30, $28, $26

Yesterday, February 6, the price of Litecoin was in a bearish trend. On February 6, the bears broke below the EMAs and brought price to the low of $33.18. The LTC price is ranging at the $33 price level . The price of Litecoin is now within the range-bound levels of $30 and $35. The crypto's price is above the 12-day EMA and 26-day EMA which indicates that the LTC price is likely to rise.

On the downside, if the bearish trend continues, the crypto will find support at $30 price level. On the upside, the bulls will have to break the EMAs ,and the price is sustained above the EMAs. The crypto will resume its bullish movement and test the $35 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bears broke the 12-day EMA , the 26-day EMA and price fell to the low of $33.24. At the low of $33, the bulls commenced a bullish movement which led to the breaking of the EMAs.

The crypto's price is in the bullish trend zone. However, if the crypto's price is sustained above the EMAs , the LTC price will reach the $34 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Litecoin (LTC) Daily Price Forecast: February 6, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, February 5, the price of Litecoin was in a bearish trend. The crypto's price has been trading above the EMAs in the last three days. The bulls have made three attempts to break the resistance at $34 price level but without success. Yesterday, the bears broke below the EMAs and brought the price to the low of $33.18.

The price of Litecoin is now within the range-bound levels of $30 and $35. On the downside, if the bearish trend continues, the crypto will find support at $30 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicate a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the LTC price commenced a bullish movement and reached the high of $34.75 but was resisted. The crypto has fallen to the support level at $33 price level.

If the bearish pressure continues, the crypto will find support at the previous lows of $30 and $31. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Litecoin (LTC) Daily Price Forecast: February 5, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, February 4, the price of Litecoin was in a bullish trend. The crypto’s price reached the high of $34 but the bulls could not break the resistance level. This has been the scenario since January 13. The bulls have also failed to break the resistance level at $34 on January 19, 20, 26 and February 2, 2019. The cryptocurrency is ranging between the levels of $30 and $35.

However, on the upside, if the bulls break the resistance at $34, the crypto will reach the high of $40. On the downside, if price falls and the EMAs are broken, the crypto will find support at the $30 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is fluctuating above the 12-day EMA and the 26-day EMA while in a bullish trend. Yesterday, the price reached the high of $34.67 but was resisted.

The crypto’s price fell to the support at the 26-day EMA where it commenced another bullish movement to test the resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Litecoin (LTC) Daily Price Forecast: February 4, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week the price of Litecoin was in a bullish trend as the crypto reached the high of $35.56. The crypto was resisted at the $34 as it fell to the support of the 12-day EMA. Since January 13, the crypto’s price has been fluctuating between the levels of $34 and $36 . Presently, the crypto’s price is above the EMAs, and as a result, the crypto is likely to rise to retests the resistance level.

On the downside, if the price retraces and breaks below the EMAs, the crypto is likely to find support at the $30 price level. Meanwhile, the MACD line and the signal line are above the zero line which a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Last week the price Litecoin was in a bullish trend as the crypto was trading above the EMAs. On February 3, the bears broke the EMAs to the bearish trend zone. Today, the crypto is above the EMAs and well supported by the 12-day EMA and the 26-day EMA.

The price may likely rise in the bullish trend zone. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a sideways signal. Also, the crypto’s price is at par with the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend.


Litecoin (LTC) Long-Term Price Forecast: Feb 2, 2019

LTC/USD Long-term Trend: Ranging

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The price of Litecoin is currently in a sideways trend zone. On January 1, the crypto has an opening balance of $30.99 but with a closing price of $32.03. The price of Litecoin has appreciated by 3.35% of its capitalization. On January 6, the bulls took price to the high of $42.22 but it faced resistance at the $40 price level. The bears sink the crypto to the low of $32.47. Nevertheless, the price of Litecoin is fluctuating below and above the EMAs at the $32 price level.

Today, the crypto’s price is in a bullish trend and it is trading at $33.64 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.


Litecoin (LTC) Daily Price Forecast: February 1, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 31, the price of Litecoin was in a bearish trend zone. While in a bullish trend, it reached the high of $32 and was resisted. The resistance at the $32 price level caused the price of Litecoin to fall to the bearish trend zone. It was earlier suggested that the crypto will face resistance at the $34 price level. Today, the crypto is trading at $31.46  and may revisit the low of $30 price level.

The $30 price level had been holding since January 13 and may not be easily broken by the bears. However, if the $30 price level is broken the crypto will find support at the $28 price level. Meanwhile, the stochastic is out of the overbought region but above 60% range. This indicates that the LTC price is in a bearish momentum and a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bears broke the EMAs to reach the bearish trend zone as the crypto was resisted at $32 price level. The crypto is falling and approaching the low of $30 . Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Litecoin (LTC) Daily Price Forecast: January 31, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 30, the price of Litecoin was in a bullish trend zone. On January 29, the LTC price fell to a low of $30.71. The $30 price level has been holding since January 13, and I hope traders had initiated long trades in anticipation of a bullish trend. On January 29, the bulls broke the 12-day EMA, the 26-day EMA and price reached the bullish trend zone.

The price of Litecoin is trading at the $32 as at the time of writing. The crypto is expected to rise but may face resistance at the $34 price level. Meanwhile, the stochastic is in the overbought region but above 80% range. This indicates that the LTC price is in a strong bullish momentum and a buy signal.Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The LTC price is trading and approaching the $34 price level. The crypto’s price has already been resisted and the price is retracing to the 12-day EMA.

The crypto’s price will test the 12-day EMA and resume the bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Litecoin (LTC) Daily Price Forecast: January 30, 2019

 LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 29, the price of Litecoin was in a bearish trend zone. The LTC price seems to have found support at the $30 price level. On January 28, the crypto fell to the low of $30.89. On January 29, the crypto fell to the low of $30.71 and commenced a bullish movement to the EMAs. Each time the crypto made a bullish movement to the EMAs, it will be resisted by the 12-day EMA. The $30 price level had been holding since January 13, traders may wish to initiate long trades at the price of $30 and exit near the $34 price level.

This can be done as long as the crypto ranges between the levels of $30 and $34 . On the downside, if the bears break the $30 price level, the crypto will find support at the $28 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. On January 29, the crypto fell to the $30 price level and made a bullish movement above the EMA. The crypto’s price was ranging in the bullish trend zone and has been sustained above the EMAs.

Meanwhile, the stochastic is out of the overbought region but below the 60% range which indicates that Litecoin is in a bullish momentum and a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Litecoin (LTC) Daily Price Forecast: January 29, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 28, the price of Litecoin was in a bearish trend zone. The LTC price fell to the low of $30 and commenced a bullish movement to the EMAs. The $30 price level is the previous low of January 13. Presently, the 12-day EMA has resisted the bearish candlestick which might likely fall. On the downside, it was earlier suggested that if the bearish pressure continued, the crypto might fall to the low of $28.

On the upside, if the $30 price level is holding the bulls will attempt to break the 12-day EMA, the 26-day EMA and resume its bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On January 27 and 28, the bears broke the 12-day EMA and the 26-day EMA as the crypto’s price fell to the low of $30. The bulls are making a bullish movement and attempting to break the EMAs. In the meantime, the 26-day EMA is resisting the bullish movement.

Meanwhile, the stochastic is out of the oversold region but below the 40% range which indicates that Litecoin is in a bearish momentum and a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Litecoin (LTC) Daily Price Forecast: January 28, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week the price of Litecoin was in a bullish trend zone as the crypto’s price reached the high of $33.72. On January 26, the price of Litecoin was resisted as the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $32.

Today, the crypto’s price  was further depreciated to the low of $31. If the bearish trend continues the crypto will find support at the previous low of $28. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the crypto’s price has been fluctuating below and above the EMAs. On January 26, the crypto’s price was resisted as the bears broke the 12-day EMA and the 26-day EMA. The price of Litecoin fell to the low of $30 as at the time of writing.

Presently, the crypto is on a range bound movement at the $30 price level. Meanwhile, the stochastic is in the oversold region below the 20% range which indicates that Litecoin is in a bearish momentum and a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Litecoin (LTC) Long-Term Price Forecast: Jan 26, 2019

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The price of Litecoin is currently in a bearish trend zone. On January 1, the crypto has an opening balance of $30.99. The crypto’s price rose to the high of $40.15 while in a bullish trend. On January 11, the price of Litecoin was resisted as the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $32.47.

The crypto’s price further depreciated to the low of $30.51 and commenced a range bound movement below the EMAs. Today, the crypto’s price is ranging above the $30 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.


Litecoin (LTC) Technical Analysis: January 25, 2019

Latest Litecoin News

From Texas, Pennsylvania to New Hampshire, there is a wave of change. Yes, most of these states are yet to declare cryptos as Litecoin as money but still, they are very clear to expound on matters liquidity via virtual exchanges.

Read: Litecoin unveils a New Logo and Embraces it After Support From the Community

Exchanges have the green light to launch their products, offer Americans a glimpse of what the future holds while simultaneously strengthening a market that is trying to shake off bears. Interestingly, New York’s decision to grant Robinhood a BitLicense as well as a Money Transmitter license allowing the $5.6 billon start-up to extend their services to New Yorkers while being compliant to the state’s laid out rule is a major boost for supported crypto.

As a platform with funds ready to expand, we expect demand for assets as Litecoin to inch higher helping prices recover from the current bear pits. Aside from Robinhood, Seed CX, a crypto exchange operating from Chicago now allows institutional grade as well as HNWI to spot trade without charges via its platform.

Also Read: Joe Rogan, Killer Mike Podcast Interview: Bitcoin Will Go Entirely Mainstream, Become Like Dollars

Seed CX is fully licensed and compliant with regulation meaning it is capable of offering “dedicated institutional coverage” with full insured custody for fiat assets.

LTC/USD Price Analysis

Price wise and LTC like most coins is struggling against strong headwinds. Nonetheless, the coin is up 4.6 percent in the last day and up 3.6 percent from last week’s close meaning the coin is one of the top performers in the last day.

If anything, LTC is technically bullish and with favorable fundamentals providing support at an important support level–$30, it is clear that applying Fibonacci retracement rules mean the coin could rocket from spot levels—50—61.8 percent Fibonacci levels, to new highs probably above $50 as bulls spring out from 2018 dredges.

Evidently, the trend remains bullish and with clear rejection of lower lows off the support trend line connecting mid-Dec and recent lows, bulls have a chance to rally as long as they retain price above $30. Technically, ideal and short term buy triggers suitable for risk-off traders will be at Jan 14 highs of $33 but strong gains above $35 is still valid and could be the basis for the next wave of higher highs towards our ideal bull target of $50.

Like before, $50 is critical because it marks previous support now resistance break below level. Should bulls succeed and drive prices above $50, then the bear breakout of mid-November will be nullified gifting buyers a new lease of life with ambitious targets of $80 and even $110.

All Charts Courtesy of Trading View–CoinBase

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: January 25, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 24, the price of Litecoin was in a bullish trend zone. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and price reached the high of $33. The bulls have been facing resistance at the $33 price level. If the bulls break the $33 price level, the crypto will reach the high of $40.

On the other hand, if the bulls fail to break the level, the crypto will range above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. A trend line is drawn showing the support levels of price where traders can initiate long trades.

The purpose of the trend line is to determine the duration of the bullish trend. From the 1-hour chart, the bullish trend is terminated because the trend line has been broken and the following candlestick closed on the opposite of it . On the other hand, a bullish trend is ongoing when the trend line is not broken.


Litecoin (LTC) Daily Price Forecast: January 24, 2019

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 23, the price of Litecoin was in a bullish trend zone. Yesterday, the bulls broke the 12-day EMA, the 26-day EMA and defended the $30 price level. The crypto’s price reached the high of $32 but was resisted. The crypto is ranging above the EMAs at a price of $32. On the upside, the bulls may reach the high of $33 but may face resistance at the $33 price level.

On the downside, if the crypto’s price falls, it will find support at the $30 price level. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a sideways trend. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. Today, the bears have broken the 12-day EMA, the 26-day EMA and have fallen to the bearish trend zone. The crypto’s price is likely to fall as it is in the bearish trend zone. Meanwhile, the stochastic is in the oversold region but below the 20 % range which indicates that the crypto is in a strong bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: January 23, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 22, the price of Litecoin was in a bullish trend zone. The bulls defended the $30 price level as the bears failed to break it. From the bearish trend zone, the bulls broke the 12-day EMA and 26-day EMA to reach the bullish trend zone. Today, the bulls have reached the $32 price level  and are expected to reach the $34 price level.

If the bulls break the $34 price level, the LTC price will be out of the price range of $31 and $34 price levels. Also, the stochastic is in the overbought region but above the 80 % range which indicates that the crypto is in a strong bullish momentum and a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending upward indicating that price is likely torise. Traders are to initiate long trades as the $30 price level  is holding at the support level. Meanwhile, the stochastic is out of the overbought region but below the 60 % range which indicates that the crypto is in a bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: January 22, 2019

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 21, the price of Litecoin was in a bearish trend zone. On January 13, the price of Litecoin had been ranging between the levels of $30 and $34. On January 13, the crypto’s price fell to the low of $30.16 to form the support level. Similarly, On January 19, the bulls break the 12-day EMA, the 26-day EMA and price reached the high of $34  which is the resistance level.

The crypto’s price is trading at the $31 price level. On the downside, if the bears break the $30 price level, the crypto will find support at the $28 price level. On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will reach the high of $34 price level. Also, the stochastic is in the oversold region but below the 40 % range which indicates that the crypto is in a  bullish momentum and a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. On January 20, the crypto’s price fell to the low of $30.79. In the last one week, the price of Litecoin had been trading above the $30 price level.

The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the LTC price will fall. Traders should look out for buy setups if this level holds. Today, the crypto’s price  is falling after being resisted by the EMAs.


Litecoin (LTC) Daily Price Forecast: January 21, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week, the price of Litecoin was in a bullish trend zone. The crypto’s price had been fluctuating above the $30 price level since January 14. On January 19, the bulls took price to the high of $33 and commenced a range bound movement above the 12-day EMA and the 26-day EMA. The crypto’s price was resisted at the $33 price level and the bears broke the 12-day EMA and the 26-day EMA. The crypto’s price fell to a low of $ 30.88.

The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the crypto is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic is in the oversold region but below the 20 % range which indicates that the crypto is in a strong bearish momentum and a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. On January 20, the bears broke the 12-day EMA, the 26-day EMA and price fell to the $30.60 price level. The crypto’s price made a bullish movement to the EMAs and it was resisted by the 12-day EMA.

The crypto’s price is falling because it is below the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic is in the overbought region but below the 60 % range which indicates that the crypto is in a bearish momentum and a sell signal.


Litecoin (LTC) Long-Term Price Forecast: Jan 19, 2019

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

In the first week of January, the price of Litecoin was in a bullish trend zone. On January 6, the bulls took price to the high of $40.07. In the second week, the crypto‘s price was in the bearish trend zone as a result of the resistance at the $40 price level. On January 10,  the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $30.

The crypto’s price is below the EMAs which indicate that the crypto is in the bearish trend zone. If the bearish trend continued, the crypto will revisit a previous low of $23.
Meanwhile, the stochastic indicator is out of the oversold region but below the 80% range indicating that the price of Litecoin is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Technical Analysis: January 18, 2019

Latest Litecoin News

Back in Oct 2018, the Litecoin community was raving about a new update whose implementation could see fees drop, making transactions 10X cheaper. Then, Litecoin had a better market cap, trading at higher levels and perched at sixth in the liquidity ranking.

Read: Trezor and Gray Release Corazon Luxury Crypto Hardware Wallets for $1,500

Litecoin 0.17 proponents say will be an avenue for increased adoption. In a post, Litecoin core developer Adrian Gallagher remained optimistic as ever saying:

“To encourage more adoption and usage of Litecoin, I think lowering the fees are good thing. Technically people can already adjust their fees right now to the one above because of the more relaxed min relay/dust relay fee. It will lay down the foundation for a fee rate which we can grow into proactively rather then re-actively”

But it appeared like interest around this update has waned and with every red candle, users, as well as investors, are beating instead of doubling down on marketing and promoting the coin. Even as bears strike, prices appear to be bottoming up. As a result, we expect prices to further expand as more coins are mined—71.53 percent have so far been mined—as the next having day is projected to happen in 202 days.

Also Read: Andreas Antonopoulos Talks About Bitcoin’s Decentralization and Hard Regulations

While prices recover, we need to see renewed interest in this update as consensus and subsequent implementation will make Litecoin the cheapest and fastest network to transact on spurring across the board adoption.

Litecoin (LTC/USD) Price Analysis

At spot rates, Litecoin is relatively unchanged in the last 24 hours. Nonetheless, sellers have an upper hand when we analyze price performance from a top-down approach. Note that sellers are pressing lower despite LTC prices dropping more than 90 percent from 2017 peaks.

From a technical price action perspective, this is a deep correction and the only path of least resistance is an upward correction towards the $100–$150 zone. Before then, the short term trend appears to be under the control of buyers. As we can see, the first level of resistance is at $35 and the mark was breached on Jan 6 but gains reversed when prices dumped on Jan 10.

Unless otherwise there are strong, high volume rallies above $35 conservative traders should watch price from the sidelines. All the same, we expect prices to recover thanks to yesterday’s bull pin bar—long lower wick and virtually no upper wick pointing to demand in lower time frames.

Aside from that, there is rejection of lower lows right off the 61.8 percent Fibonacci running off Dec 2018 high low. Further cementing our conviction is the inability of sellers to confirm Jan 10 lower lows as price action oscillates within Jan 14 bull bar. Should prices rally above $40, our first modest target will be $50 and later $70.

All Charts Courtesy of Trading View – CoinBase

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: January 18, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 17, the price of Litecoin was in a bearish trend zone. The crypto’s price has been in the bearish trend zone since January 10, 2019. Also, the crypto’s price had been fluctuating above the $30 price level in the same period. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA and reached the $32 price level.

The crypto’s price is retracing back to the bearish trend zone. On the downside, if the crypto’s price is below the EMAs, the crypto’s price will fall or continue its range bound movement. On the upside, if the bulls break above the EMAs, the crypto’s price will rise and reach the previous high of $40. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend zone. On January 17, the bulls broke the 12-day EMA ,the 26-day EMA and reached the $32 price level. Presently, the crypto retraced to a range bound movement. Meanwhile, the stochastic is in the oversold region but below the 20 % range which indicates that the crypto is in a strong bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: January 17, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 16, the price of Litecoin was in a bearish trend zone. The crypto’s price is fluctuating above the $30 price level in the last 24 hours. The appearance of small body candlesticks like the Doji and the Spinning tops describe the indecision of buyers and sellers at the $30 price level.

As the crypto ranges, there is the likelihood of price breakout in the nearest future. Meanwhile, the LTC price is still below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. If the bears break the $30 price level, the crypto will find support at the $28 price level. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. Yesterday, the 12-day EMA and the 26-day EMA are trending horizontally. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The crypto's price fell to the low of $31 and commenced a range bound movement.

Meanwhile, the stochastic is out of the overbought region but below the 50 % range which indicates that the crypto is in bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: January 16, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 15, the price of Litecoin was in a bearish trend zone. The price of Litecoin had been below the 12-day EMA and the 26-day EMA for some time as the crypto’s price fluctuates above the $30 price level. Since the crypto’s price is below the 12-day EMA and the 26-day EMA, the price of Litecoin may fall.

Today, the crypto’s price is falling and probably to break the $30 price level. If the $30 price level is broken, the crypto will find support at the $28 price level. Meanwhile, the stochastic is out of the overbought region but  above the 20% range which indicates that the price of Litecoin is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. On January 15, the crypto’s price fell to its low at $31 and commenced a bullish movement to the 12-day EMA and the 26-day EMA.

The bullish movement was short-lived as the crypto was resisted at the $31 price level. Meanwhile, the stochastic is out of the oversold region but below the 80 % range which indicates that the crypto is in bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: January 15, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 14, the price of Litecoin was in a bearish trend zone. The price of Litecoin fell to its low at $30.16 and the bulls commenced a bullish movement to the 12-day EMA and the 26-day EMA. The bulls were resisted by the 26-day EMA. Today, the crypto’s price is ranging at the price of $33 in the bearish trend zone.

The crypto’s price is likely to fall if resisted by the 26-day EMA. Meanwhile, the stochastic is approaching the overbought region below the 80% range which indicates that the price of Litecoin is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bullish

Last week, the 1-hour chart, the price of Litecoin was in a bullish trend zone. Yesterday, as the crypto’s price fell to its low at $ 30.53, the bulls made a bullish movement and broke above the 12-day EMA and the 26-day EMA.

Today, the price of Litecoin is ranging at a price of $33.15. The crypto’s price is likely to rise because it is in the bullish trend zone. Meanwhile, the stochastic is of the overbought region but below the 60 % range which indicates that the crypto is in bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: January 14, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week, the price of Litecoin was in a bearish trend zone. On January 10, the bears broke the 12-day EMA , the 26-day EMA and price fell to the low of $34.03. On January 13, the crypto’s price fell again to the low of $30.16 to commence a range bound movement.

After the range bound movement, the price of Litecoin may likely fall to the previous low of December 27. Meanwhile, the stochastic is approaching the oversold region below the 20% range which indicates that the price of Litecoin will be in a strong bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

Last week, on the 1-hour chart, the price of Litecoin was in a bearish trend zone. On January 13, the bulls reached the high of $33.44 and the crypto’s price was resisted. There was price retracement and bears broke the 12-day EMA and the 26-day EMA to the low of $32.74.

While in the bearish trend zone the price tested the 12-day EMA and fell to the low of $30.53 to commence a bullish movement. Meanwhile, the stochastic is out of the oversold region but above the 80 % range which indicates that the crypto is in a strong bullish momentum and a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Jan 12, 2019

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The price of Litecoin had been in a bullish trend since December 16, 2018. On January 1, the crypto’s opening price had risen to the high of $30.99. On January 8, the crypto’s price had reached the high of $40 but the bulls could not break the resistance at that level. On January 10, the bears broke the 12-day EMA and the 26-day EMA to the low of $33 price level.

However, from the weekly chart or the daily chart, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. If the bearish pressure continues, the crypto will fall to the low of $30. However, if the bears break this level, then the crypto will find support at the $23 or $28 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is out of the oversold region but above the 60% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: January 11, 2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 10, the price of Litecoin was in a bullish trend. The price of Litecoin had been hovering above the 12-day EMA and the 26-day EMA because of its inability to break above the $40 price level. It was earlier assumed that if the bears broke below the EMAs the crypto would find support at $32.

Today the crypto has fallen to the $34 price level and it is likely to fall again because the price is in the bearish trend zone. Meanwhile, the stochastic is in the oversold region but below the 20% range indicating that the price of Litecoin is in a strong bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend zone. From the chart, the crypto’s price fell to the low of $33 price level and commenced a range bound movement above it. Meanwhile, the stochastic is out of the overbought region but above the 20 % range which indicates that the crypto is in bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: January 10, 2019

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $35, $33, $31

Yesterday, January 9, the price of Litecoin was in a bullish trend. The price of Litecoin fell to the 26-day EMA after failing to break the resistance at $40. In the past five days, the crypto’s price has been trading below the $40 price level. Yesterday, the bears broke the 12-day EMA and price fell to the $39 price level.

Today, the bulls are making another attempt at the resistance level. On the upside, the crypto will reach the highs of $56 and $63 if the bulls break the $40 price level. On the other hand, if the bears break below the EMAs the crypto will find support at $32. Meanwhile, the stochastic is out the overbought region but below the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend zone. Yesterday, the crypto fell to the low of $39.22. Today, the crypto is making an attempt to break above the 12-day EMA and the 26-day EMA in order to be in the bullish trend zone. Meanwhile, the stochastic is out of the overbought region but below the 20 % range which indicates that the crypto is in bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: January 9, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 8, the price of Litecoin was in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price of Litecoin is  likely to rise. The crypto’s price is ranging below the $40 price level. The bulls have not been able to break above the $40 price level.

If the bulls break the $40 price level, the crypto will reach the highs of $56 and $63. On the other hand, if the bears break below the EMAs the crypto will find support at the $32 price level. Meanwhile, the stochastic is out of the overbought region but below the 80% range indicating that the price of Litecoin is in a bearish momentum and a sell signal. However, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend zone. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Today, the bulls have broken above the 12-day EMA and have reached the $40 price level. The stochastic is out of the overbought region but above the 80 % range which indicates that the crypto is in bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: January 8, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $36, $34, $32

Yesterday, January 7, the price of Litecoin was in a bullish trend. The crypto’s price was retracing after it faced resistance at the $41 price level. The LTC price has retraced to the support of the 12-day EMA. The 12-day EMA is acting as a support level for the price of Litecoin.

Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price is Likely to rise again. The $41 price level may be revisited. The stochastic is out the overbought region but above the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy signal. However, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend zone. The crypto’s price retraced yesterday and broke the 12-day EMA and the 26-day EMA. Today’s the bulls pulled back price above the EMAs. The crypto’s price is likely to rise as it is above the EMAs. The stochastic is out of the oversold region but above the 20 % range which indicates that the crypto is in bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: January 7, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $35, $33, $31

Last week the price of Litecoin was fluctuating above the $30 price level. The crypto’s price was fluctuating above the 12-day EMA and the 26-day EMA. On January 4, the crypto’s price broke the 12-day EMA and the 26-day EMA and reached the high of $41.40.

Litecoin faced resistance at the $41 price level and it is retracing and approaching the 12-day EMA and the 26-day EMA. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The stochastic is in the overbought region but below the 80% range indicating that the Litecoin is in a bearish momentum and a sell signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend zone. The crypto’s price retraced and broke the 12-day EMA but the bulls pulled back. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The crypto’s price is likely to rise as it is above the EMAs. Also, the stochastic is out of the oversold region but above 20 % which indicates that the crypto is in bullish momentum and a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Jan 5, 2019

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The LTC/USD pair was in a sideways trend in the last ten days. The crypto’s price was fluctuating above the $30 price level. The price action was characterized by small body candlesticks describing the indecision of buyers and sellers above the $30 price level. The 12-day EMA and the 26-day EMA were horizontally flat in the daily time frame indicating the sideways trend.

From the weekly chart, the price of Litecoin was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
Also, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is out of the oversold region but above the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: January 4, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 3, the price of Litecoin was in a bearish trend. The bearish candlesticks broke below the 12-day EMA and the 26-day EMA to the low of $32.18. The price of Litecoin is now in the bearish trend zone, as the crypto is likely to fall. The 26-day EMA is now resisting any price movement above the EMAs.

The price of Litecoin is trading at $32.60 as at the time of writing. As the crypto’s price is bearish and if it falls below the $32 price level, the crypto will find support at either $31 or $30 price level. On the other hand, the crypto’s price will have to break above the EMAs to remain above the $32 price level. The stochastic is out of the overbought region but above the 20% range indicating that the LTC is in a bullish momentum and a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bearish trend zone. The bearish candlesticks broke the 12-day EMA and the 26-day EMA to the low of $32.17. The crypto’s price commenced a bullish movement to the EMAs. The LTC  price has now broken above the 12-day EMA and price is in the bullish trend zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic is out of the oversold region but above 80 % which indicates that the crypto is in bullish momentum.


Litecoin (LTC) Daily Price Forecast: January 3, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 2, the price of Litecoin was in a bullish trend zone. The crypto’s price broke the $32 and $33 price levels to reach the high of $34. Yesterday, the price of Litecoin reached the high of $34.79 but was resisted. The LTC price is retracing from the recent high after the resistance. The price is retracing, probably to resume the bullish trend.

On the other hand, if it retraced and broke below the 12-day EMA and the 26-day EMA, the crypto will commence another downtrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out the overbought region but below the 80% range indicating that the LTC is in a bearish momentum and a sell signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price of Litecoin is also making a series of higher highs and higher lows. The LTC price reached its high and was resisted at the price of $35. The crypto’s price now retraced to the 12-day EMA and the 26-day EMA now became a support for the LTC price.

A bullish candlestick has risen and closed on the EMA. Also, the bearish candlestick is down and might break the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic is out of the overbought region but above 20 % range which indicates that the crypto is in a bullish momentum.


Litecoin (LTC) Daily Price Forecast: January 2, 2019

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, January 1, the price of Litecoin was in a bearish trend zone. The crypto’s price was trading at $31.38 but below the bearish trend zone. Today, the crypto’s price has broken the 12-day EMA, the 26-day EMA and the $32 price level which indicates that price is likely to rise.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out of the oversold region and it is approaching the 80% range indicating that price is in a bullish momentum and a buy signal. The crypto’s price is expected at the $34 price level.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. On January 1, the crypto’s price was in the bearish trend zone, trading at a price of $31.04. Today, the bulls have broken the EMAs to the upside and Litecoin is currently trading at $33 price level.

The MACD line and the signal line are above the zero line which indicates a buy signal. The stochastic is out of the overbought region  but above the 20% range. This indicates that Litecoin is in a strong bearish momentum and a sell signal.


Litecoin (LTC) Daily Price Forecast: December 31, 2018

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week the price of Litecoin was in a bearish trend. On December 29, the crypto’s price fell to the low of $31.90. The 26-day EMA acted as a support level as price began to fluctuate above it. Today, the crypto’s price is breaking the 12-day EMA and the 26-day EMA to the downside as price is likely to resume the downward trend. If the crypto’s price breaks below the EMAs and the $30 price level, the crypto’s price will fall to the previous low of $28 price level. The stochastic is in out of the oversold region but above 20% range indicating that Litecoin is in a bullish momentum.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. Last week the price of Litecoin was fluctuating below and above the 12-day EMA and the 26-day EMA indicating a sideways trend. Today, the bears have broken the 12-day EMA and the 26-day EMA and price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Long-Term Price Forecast: Dec 29, 2018

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The LTC/USD pair was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $32.16 in the month of December but had a closing price of $33.54. In other words, the price of Litecoin has a gain of 4.29% to its capitalization. The crypto’s price is in the bearish trend zone.

Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is also in the oversold region but above the 20% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: December 28, 2018

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, December 27, the price of Litecoin was in a bearish trend. On December 25, the crypto’s price was ranging above the $30 price level before its eventual breakdown. Today, the price of Litecoin has fallen to the low of $28.70 and it is commencing another range bound movement.

Presently, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. However, from the previous analysis we suggested that if the crypto’s price broke below the $30 price level, the price of Litecoin would find support at the $24 price level.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. Yesterday, the crypto’s price fell to the $28.70 price level and commenced a range bound movement. The small body candlesticks like the Doji and spinning tops are responsible for the range bound movement.

The sellers and buyers were undecided at that price level. Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range. This implies that Litecoin is in a bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: December 27, 2018

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, December 26, the price of Litecoin was in a sideways trend. In the last 24 hours, there had been no significant price movement as price ranges above the $30 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

As the crypto ranges above the $30 price level, there is the likelihood of a price breakout. If the crypto’s price breaks below the $30 price level, the price of Litecoin will find support at the $24 price level. On the other hand, if price breaks upward, the crypto will reach the high of $37. Meanwhile, the stochastic indicator out of  the oversold region above the 20% range which indicates that Litecoin is in a bullish momentum and a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in a  bearish trend zone. The crypto has the tendency to fall. Similarly, the stochastic indicator was out of the overbought region and it is below the 20% range which indicates that the crypto is in a bullish momentum and a buy signal.


Litecoin (LTC) Daily Price Forecast: December 26, 2018

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, December 25, the price of Litecoin was in a bearish trend. On December 25, the price of Litecoin fell to the low of $30 price level and commenced a range bound movement above that level. The crypto’s price is attempting to break the 12-day EMA and the 26-day EMA to the upside. If it does break the EMAs,the price will be in the bullish trend zone.

In the same vein, the stochastic is out of the oversold region but below 80% range. This implies that the crypto is in a bearish momentum and a sell signal. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The crypto’s price was already in the bearish trend zone but price tested the $33 price level and it was resisted. If the bulls sustain hold above the $30 price level, the crypto would rise and meet up the high of $35 price level. On the other hand, if the crypto’s price breaks below the $30 price level, the crypto will commence his downward trend.


Litecoin (LTC) Daily Price Forecast: December 25, 2018

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, December 24, the price of Litecoin was in a bullish trend. The crypto’s price reached the high of $37.22 but because of the resistance at $35 price level, the crypto fell to the low of $33.33. Today, the crypto’s price is falling and approaching the $30 price level.

On the downside, if the $30 price level was broken again the crypto’s price will fall to the previous low of $24. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The crypto’s price has broken the 12-day EMA and the 26-day EMA to the downside. The crypto is in the bearish trend zone and has the tendency to further depreciate.

Meanwhile, the stochastic indicator is out of the oversold region above 20% range which indicates that Litecoin is in a bullish momentum and a buy signal. The crypto will continue to be bearish if the stochastic bands remain in the oversold region.


Litecoin (LTC) Daily Price Forecast: December 24, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $35, $33, $31

Last week the price of Litecoin was in a bullish trend. The crypto’s price broke the $34 price level to continue the bullish movement. Price is approaching the $35 price level but may face resistance at the $34 price level. On the upside, if price breaks the $34 price level, the crypto is expected at the $55 price level but a little resistance at $45 price level.

On the downside, if the bulls fail to break the $34 price level, the crypto will find support at $28. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend. The crypto’s price has reached the $36 .99 price level but price was retracing for a possible resumption of a bullish trend. The stochastic indicator is in the overbought region above 80% range which indicates that Litecoin is in a bullish momentum and a buy signal. The MACD line and the signal line are above the zero line which indicates also a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Dec 22, 2018

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

The LTC/USD pair is now in a bullish trend as price rises to $34.10 price level. In the last two weeks, the pair had been bearish as price fell to its low at $23.14. In the daily chart, the 12-day EMA and the 26-day EMA are making U-turn in the direction of the bullish trend. In the weekly chart, the Stochastic indicator is coming out of the oversold region below the 20% range. In the oversold region, the price of Litecoin had been in a bearish momentum.

Today, the bull market is in the offing as the cryptocurrency market is rising. Nevertheless, if the Stochastic bands rise above the 20% range, the price of Litecoin will be in bullish momentum. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is still in the bearish zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: December 21, 2018

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, December 20, the price of Litecoin was in a bullish trend. The crypto's price is above the EMAs and it is trending on the 12-day EMA as a support. The crypto's price is approaching the $32 price level but may face resistance at the $34 price level.

On the downside, if the bulls fail to break the $34 price level, the crypto will fall to the low of $28. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend. A trend line is drawn to determine the duration of the trend. A bullish trend is ongoing when price makes a series of higher highs and higher lows on the trend line.

However, if price breaks the trend line and the following candlestick closed on the opposite of the trend line; the current trend is said to be terminated. At the lower timeframe, the bullish trend is terminated. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: December 20, 2018

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Yesterday, December 19, the price of Litecoin was in a bullish trend. The price reached the high of $31.65 while in a bullish trend but it faced resistance at the price of $32. The resultant effect was that price fell to the 12-day EMA and made a bullish movement.

If price eventually breaks the 12-day EMA and the 26-day EMA, the crypto will be in the bearish trend zone. On the other hand, the crypto’s price has the tendency to rise if the price remains above the EMAs. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin was in a bearish trend. Yesterday, the crypto’s price broke the 12-day EMA and the 26-day EMA and it fell to the bearish trend zone. The Stochastic indicator is now in  below the 40% range.

It implies that Litecoin has a bearish momentum and a sell signal. Meanwhile, the price Litecoin is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: December 19, 2018

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $22, $20, $18

Yesterday, December 18, the price of Litecoin was in a bullish trend. On December 17, the crypto’s price reached the price at $30 but was retracing. On December 19, the crypto’s price commenced another bullish movement but was also retracing.

The LTC price is approaching the $32 price level. The price is likely to reach the high of $35 but may resistance at that level. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend. On December 18, the crypto’s price was fluctuating above the $29 price level before the crypto commenced anther bullish movement. We are expecting the price to reach the $35 price level.

Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: December 18, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $22, $20, $18

Yesterday, December 17, the price of Litecoin was in a bullish trend. The price of Litecoin was trading in the bearish trend zone before the outcome of the bullish breakout. On December 16, the crypto’s price broke the 12-day EMA, the 26-day EMA and commenced its bullish movement above the EMAs.

The crypto’s price is above the EMAs and it reached the high of $31.385. The bulls could not push the price further because of the resistance at the $32 price level. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish