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) 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) 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) 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

On the 1-hour chart, the price of Litecoin was in a bullish trend. The crypto’s price is in a smooth uptrend. The price of Litecoin is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are all trending northward.

If the $30 price level holds traders should initiate long trades at the price of $ 30. Meanwhile, the price 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 17, 2018

LTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $22, $20, $18

Last week the price of Litecoin was in a bearish trend. On December 9, the crypto’s price was trading at a price of $26.85. The crypto fell and broke the 12-day EMA in a downtrend to the low of $23.65. On December 14, the bulls took control of price and broke the 12-day EMA, the 26-day EMA and reached the high of $26.70.

The crypto’s price is now in the bullish trend zone and ranging above the EMAs. The price broke below the 12-day EMA but it is rising again. 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. The Stochastic indicator is in the range below 80% range which indicates that the price of Litecoin has exhausted its bullish momentum and now in bearish trend.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend. On December 14, price broke the 12-day EMA , the 26-day EMA and reached the high of $26.57. The crypto’s price is now fluctuating above that price level. Meanwhile, the price 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 below the zero line which indicates a sell signal.


Litecoin (LTC) Long-Term Price Forecast: Dec 15, 2018

LTC/USD Long-term Trend: Bearish

Resistance Levels: $60, $65, $70
Support levels: $20, $15, $10

The LTC/USD pair had been in a downtrend since the beginning of December 2017. The 12-day EMA and the 26-day EMA are trending southward and the crypto’s price is trading below the exponential moving averages. The price of Litecoin has fallen to the low of $23.68 as at the time of writing. The crypto has the tendency to fall again according to the indicator. The Stochastic bands have fallen into the oversold region below the 20% range.

This implies that Litecoin has a strong bearish momentum and a sell signal. There will be no trade recommendation until the bearish pressure had been exhausted. Meanwhile, 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.


Litecoin (LTC) Daily Price Forecast: December 14, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $22, $20, $18

Yesterday, December 13, the price of Litecoin was in a bearish trend. Yesterday, the crypto's price fell to the low of $24.10 and commenced a bullish movement to the exponential moving averages. At a price of $24.52 the crypto was resisted by the 12-day EMA and it fell to $23.49, the previous low of the price of Litecoin.

The cryptocurrency is ranging above the $23 price level. There will be no trade recommendation as the price is still in the bearish trend zone. 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 crypto's price is in a bearish trend. The 12-day EMA and the 26-day EMA were horizontally flat. Also, the price of Litecoin was ranging above the $24 price level when the crypto's price broke the 12-day EMA and the 26-day to the downside.

The crypto's price fell to the low of $23.39 and commenced a range bound movement. This was the previous support level of Litecoin which has been tested since December 7. 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 13, 2018

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $22, $20, $18

Yesterday, December 12, the price of Litecoin was in a bullish trend. Yesterday, the price of Litecoin fell to the low of $23.56 and commenced a bullish movement. The bulls broke the 12-day EMA but were resisted at the 26-day EMA.

The crypto's price  immediately fell back to the bearish trend zone. However, if the bearish trend continued the crypto will find support at $23 price level. 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 crypto's price is in a bearish trend. On December 12, the bulls took control of price and break the 12-day EMA and the 26-day EMA to the bullish trend zone. The bulls reached the high of $25.55 but could not sustain their hold above that level.

Later the bears took the price down the previous low. 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. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: December 12, 2018

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $66, $68, $70
  • Support Levels: $22, $20, $18

Yesterday, December 11, the price of Litecoin was in a sideways trend. On December 7, the crypto’s price has been fluctuating above the $23 price level. On the downside, the bears had attempted to break the $23 price level without success.

Also, the crypto’ price was resisted yesterday and the crypto fell to $23.56 and commenced a bullish movement. The crypto’s price may face resistance at the EMAs. 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: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. The crypto’s price is still under the bearish trend zone. The price of Litecoin fell to the low of $23.56 and made a bullish movement but was resisted by the 12-day EMA. Today, the bulls made another attempt to break the 26-day EMA but were resisted. The price is now falling towards the bearish trend zone.

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. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: December 11, 2018

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $25, $23, $21

Yesterday, December 10, the price of Litecoin was in a bearish trend. On December 9, the crypto’s price broke the 12-day EMA while in a bullish trend but as the price was resisted at the 26-day EMA, it resulted in a downtrend. The crypto’s price fell to the low of $25.69 and commenced a range bound movement below the EMAs.

As the price ranges, a price breaks out is imminent. However, if the bears break the $24 price level, the price of Litecoin will resume its downtrend. But if the bulls take control of price, they will face resistance at the $26 price level. 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 indicating a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Since on December 9, the crypto’s price broke the 12-day EMA and the 26-day EMA and price fell into the bearish trend zone. The 12-day EMA now acted as a resistance to the crypto’s price.

The crypto’s price has not been able to break the EMAs. 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. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: December 10, 2018

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $25, $23, $21

Last week the price of Litecoin was in a bearish trend. On December 3, the 12-day EMA resisted the crypto's price and it fell to the low of $23.15 and it commenced a range bound movement. While in a range bound movement the crypto's price had not been able to break the 12-day EMA and the 26-day EMA to the upside.

Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The indicators are in disagreement as to the MACD line and the signal line are above the zero line indicating a buy signal. The Stochastic is in the range below 40% which indicates that price has a bearish momentum and a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. As the crypto's price fell to the low of $23.15, and it commenced a range bound movement above and below the 12-day EMA and the 26-day EMA indicating that a sideways trend.

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. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Dec 8, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair had been in a smooth downtrend since the beginning of November 2018. On November 1, the crypto had an opening balance of $50.13 but has depreciated to the low of $25.25. The crypto's price is below the 12-day EMA and the 26-day EMA which is an indication of price falling. The exponential moving averages are tending southward an indication of a downtrend. From the Stochastic indicator, the reading is in the range below 20%.

This indicates that the price of Litecoin has a strong bearish momentum and a sell signal. Since the bearish momentum of Litecoin is strong, the crypto is likely to fall. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: December 7, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, December 6, the price of Litecoin was in a bearish trend. Yesterday, the LTC price was making a bullish movement after the previous day's bearish trend. The crypto's price was resisted by the 12-day EMA and it fell to the low of $28.43. Today, the LTC price was resisted again by the 12-day EMA and price is approaching the low of $25.95.

Meanwhile, the price of Litecoin 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 crypto's price is in a bearish trend. On December 6, the bulls pulled back from the bearish trend and broke the 12-day EMA and the 26-day EMA and remained above it. The bears took control of the price and break the EMAs to the downside.

Today, the crypto's price falls when resisted by the 12-day EMA and price is approaching the low of $25.95.Meanwhile, from the 1-hour chart, 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.


Litecoin (LTC) Daily Price Forecast: December 6, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, December 5, the price of Litecoin was in a bearish trend. Yesterday, the bearish trend came after the resistance by 12-day EMA. The crypto's price fell to the low of $29.58 and commenced a range bound movement. Presently, the digital currency ranges between the levels of $28 and $36 and price have reached the lower level of price range.

If the price reaches a low of $ 28, it is expected to range back to the upper price level of $36. However, if the bears decide to break the $28 price level or the lower price range, then Litecoin will depreciate further. Meanwhile, the price of Litecoin 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 crypto's price is in a bearish trend. On December 5, the digital currency fell to the low of $29.26 and commenced a range bound movement. On December 6, the crypto's price fall is ongoing. The crypto's price is still below the EMAs which will result in the fall of the digital currency.


Litecoin (LTC) Daily Price Forecast: December 5, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, December 4, the price of Litecoin was in a bearish trend. On November 25, the digital currency fell to the low of $28 to commence a range bound movement. Presently, the digital currency fluctuates between the levels of $28 and $36. Price of Litecoin is currently ranging above the $30 price level and it is bearish.

It is likely that the crypto will fall to revisit the previous low of $ 28. Later price will pullback from the low of $28. If the digital currency is in a bullish trend, the price will face resistance at the $36 price level. Meanwhile, the price of Litecoin 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 crypto's price is in a bearish trend. The crypto's price was fluctuating below and above the 12-day EMA and the 26-day EMA. Today, the crypto's price has been resisted by the 12-day EMA and the crypto is expected to find support at the $28 price level.


Litecoin (LTC) Daily Price Forecast: December 4, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, December 3, the price of Litecoin was in a bearish trend. The digital currency was in the bullish trend zone when the crypto's price broke the 12-day EMA , the 26-day EMA and resumed its downward trend. If the downward trend continued, the digital currency will find support at $28 price level.

On the other hand, if the bulls are in control of price, the digital currency will face resistance at the price of $34. Meanwhile, the price of Litecoin 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: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. The crypto's price fell the low of $30 and price is fluctuating above the $30 price level. The crypto's price is testing the 12-day EMA; if the crypto's price is resisted, Litecoin will continue its downward trend. On the other hand, if the crypto's price breaks the EMAs, the digital currency is likely to rise.


Litecoin (LTC) Daily Price Forecast: December 3, 2018

LTC/USD Medium-term Trend: Bearish

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

On November 24, the price of Litecoin was in a bearish trend. Last week the bearish trend fell to its low at $ 28.71 and became range bound. The crypto price was fluctuating above and below the 12-day EMA and the 26-day EMA. On December 1, the bulls made a bullish movement above the exponential moving averages.

If the price is sustained above the EMAs, the crypto is likely to rise. However, the crypto's price has broken the EMAs and resumed its downtrend trend. Meanwhile, the price of Litecoin 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 above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Last week the 12-day EMA and the 26-day EMA are horizontally flat indicating that price was in a sideways trend. 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.


Litecoin (LTC) Long-Term Price Forecast: Dec 1, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair was bearish in the month of November 2018. On November 1, the crypto had an opening balance of $50.13 but price has fallen to the low of $31.91 as at the time of writing. The price of Litecoin also lost about 36.34% of its capitalizations in the month of November. The digital currency is likely to fall in the month of December as the price is below the 12-day EMA and the 26-day EMA.

There will be no need to look out for buy setups as the bearish pressure is ongoing. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: November 30, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, November 29, the price of Litecoin was in a sideways trend. On November 27, the previous day the crypto broke the 12-day EMA and the 26-day EMA while in a bullish trend. The price reached the high of $36.12 and commenced a range bound movement. The price of Litecoin is presently in a bullish trend zone.

However, the price of Litecoin is falling and trying to break the exponential moving averages to the downside. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. 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 crypto's price is in a sideways trend. The price of Litecoin is fluctuating below and above the 12-day EMA and the 26-day EMA indicating the presence of a sideways trend. 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 above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 29, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, November 28, the price of Litecoin was in a bullish trend. The price of Litecoin is now above the 12-day EMA and the 26-day indicating that price is rising. The digital currency has broken the $35 price level and it is fluctuating at that level. Nevertheless, if the $35 price level holds traders should initiate long trades above that price level.

Also, a stop loss order should be placed below the $35 price level. Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. 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 crypto's price is in a bullish trend. The digital currency is making a series of higher highs and higher lows. Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal. Traders are to ride on the bullish trend as long the uptrend last. They should allow the market to take them out of trading.


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

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, November 27, the price of Litecoin was in a bullish trend. The crypto's price has broken the 12-day EMA , the 26-day EMA and has remained above it. The crypto's price is likely to rise, traders are to look out for buy setups and initiate long trades. Then a stop loss order should be placed above the $28 price level.

Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. However, if the bears made a pullback, the crypto's price will fall below the exponential moving averages. And this will lead to price revisiting the previous lows.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 27, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, November 26, the price of Litecoin was in a bearish trend. On November 25, the digital currency fell to the low of $28.71, and the price of Litecoin was fluctuating above that level. From its low, the crypto's price made a bullish movement which was resisted by the 26-day EMA on the 26th of November, 2018. The selling pressure has not allowed the price to remain above the EMAs for its bullish movement.

On November 26, the bears took another selling that compels the crypto to fall in a downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The price of Litecoin has reached the oversold region of the market. Traders are to look out for buy setups so as to initiate long trades.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend. On November 25, the crypto's price was fluctuating above the 12-day EMA and the 26-day EMA. On November 26, the bears had another selling which made the price to break the 12-day EMA and the 26-day EMA and it fell in a downward trend.


Litecoin (LTC) Daily Price Forecast: November 26, 2018

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. On November 19, the digital currency was resisted by the 12-day EMA and it fell in a downward trend. Since then the crypto's price was unable to break the 12-day EMA resistance. Therefore, the price fell to the low of $28.57 and it is making a bullish movement to the 12-day EMA and the 26-day EMA. Today, the digital currency is in a bullish trend.

If price breaks the 12-day EMA and the 26-day EMA and remains above it; the digital currency will commence its uptrend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The 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 crypto's price is in a bullish trend. The crypto’s price has broken the 12-day EMA and the 26-day EMA in a bullish trend and the bullish trend is ongoing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The 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: Nov 24, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair had been bearish in the last three weeks of November 2018. On November 1, the price of Litecoin had an opening balance of $50.13 but the price has depreciated to the low of $31.88 as at the time of writing. On November 14, the price depreciation was caused by the bearish breakout. A 12-day EMA resisted a bearish candlestick that fell in a downward trend.

The bearish trend is continuing and the price has reached the oversold region of the market. There is no sign of price pulling back as the price is within the bearish trend zone. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: November 23, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 22, the price of Litecoin was in a sideways trend. After the digital currency fell to the low of $33.36, the crypto's price was ranging below the exponential moving averages. On November 23, the bears broke the range bound movement and resumed their bearish movement.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. All the previously initiated long trades should be exited as the bears came back to resume their bearish movement

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. On November 23, the price of Litecoin was resisted by the 12-day EMA and price fell the low of $32 to commence a range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The 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: November 22, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, November 21, the price of Litecoin was in a sideways trend. The digital currency fell to the low of $33.36 and commenced a range bound movement at the same price level. The crypto's price no longer follows the bearish pattern of lower lows and lower highs.

Price was ranging at the $33 price level in the last three days. The crypto's price has broken the 12-day EMA and it is in a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The 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 crypto's price is in a bullish trend. On November 21, the price of Litecoin fell to the low of $33.55 and commenced a bullish movement. The digital currency is above the 12-day EMA and the 26-day EMA indicating price is in the bullish trend zone.

The MACD line and the signal line are above the zero line which indicates a buy signal. Traders should look out for buy setups and initiate long trades in anticipation of the bullish trend. Then a stop loss order should be placed below the support level.


Litecoin (LTC) Daily Price Forecast: November 21, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 20, the price of Litecoin was in a bearish trend. The crypto's price no longer follow the bearish pattern of lower lows and lower highs. On November 20, the crypto's price was in a range bound movement. Later, the price was resisted by the 12-day EMA and it resumed its downward trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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 crypto's price is in a bearish trend. On November 20, the price of the digital currency fluctuates below and above the 12-day EMA and the 26-day EMA indicating a sideways trend. Meanwhile, Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Traders should look out for buy setups and initiate long trades as the price has reached the oversold region. Then a stop loss order should be placed below the support level.


Litecoin (LTC) Daily Price Forecast: November 20, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 19, the price of Litecoin was in a bearish trend. On November 19, a bearish candlestick was resisted by the 12-day EMA and price fell to the low of $37.14 . Later the digital currency  commenced a range bound movement towards the exponential moving averages (EMAs).

If price breaks through the EMAs to the upside, the price of Litecoin is likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 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 digital currency is in a bearish trend. The price has broken the 12-day EMA and was making a bullish movement to the 26 –day EMA. However, the 26-day EMA has resisted the price and it is in a downward trend. However, if the $36.88 price level holds, traders should look out for buy setups and initiate long trades. Then a stop loss order should be placed below the support level.


Litecoin (LTC) Daily Price Forecast: November 19, 2018

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. On November 14, the crypto’s price was resisted by the 12-day EMA and price fell to the low of $44.06.The crypto’s price broke the lower level of price range which is the $50 price level and commenced a range bound movement.

Today, the crypto’s price was resisted by the 12-day EMA and the bearish trend is continuing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 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 digital currency is in a bearish trend. On November 15, the digital currency fell to the low of $41.05 and pulled back to the high of $43.99. On November 19, the crypto’s fell again when resisted by the 12-day EMA. Price is now testing the previous low of $41 and may likely reverse or continue its downward trend.


Litecoin (LTC) Long-Term Price Forecast: Nov 17, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair was in a bearish trend in the first two weeks of November 2018. The crypto has an opening balance of $50.13 but price reached a low of $42.80 as at the time of writing. The digital currency faced resistance at the upper price level of $60 but was resisted at $56.86. The price fell and broke the 12-day EMA and the 26-day EMA which resulted in the bearish trend zone.

While in the bearish trend zone, Litecoin had a bearish breakout that made the crypto to fall to the low of $42.80. Price of Litecoin has broken the lower level of price range. The digital currency has also reached the oversold region of the market. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: November 16, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 15, the price of Litecoin was in a sideways trend. The crypto's price fell to the low of $43.59 and commenced a range bound movement. The price of Litecoin is still below the 12-day EMA and the 26-day EMA which means the price is likely to fall. The digital currency was previously range bound between the levels of $50 and $60.

The lower level of price range has been broken which is the $50 price level. Presently, the crypto is in the oversold region of the market. Traders are to look out for buy setups to initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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: Ranging

On the 1-hour chart, the digital currency is in a sideways trend. The crypto’s price is neither below nor above the 12-day EMA and the 26-day EMA indicating that price is in the sideways trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: November 15, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 14, the price of Litecoin was in a sideways trend. The crypto's price was ranging above the $51 price level when the digital currency encountered a bearish breakout. The crypto's price broke the lower level of price range and it is approaching the $43 price level. The crypto has reached the oversold region of the market.

Traders are to look out for buy setups and ensure whether the $43 price level is holding. Then long trades should be initiated at the current market price. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 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 digital currency is in a bearish trend. The crypto's price fell to the low of $44 and later commenced a range bound movement. The crypto’s price 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: November 14, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, November 13, the price of Litecoin was in a bearish trend. On November 8, a bearish candlestick broke the 12-day EMA and the 26-day EMA which fell to the low of $53 and commenced a range bound movement. However, each time price ranges and touches the 12-day EMA; the crypto’s price will fall and continue its downward trend.

The 12-day EMA acted as a resistance to the crypto’s price. Today, a bearish candlestick has been resisted and price fell to the $50 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. However, if price breaks the 12-day EMA and closes above it, traders should look out for buy setups in order to initiate long trades.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the digital currency is in a bullish trend. A bearish candlestick has been resisted at the 12-day EMA and price is likely to continue its downward trend. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: November 13, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 12, the price of Litecoin was in a sideways trend. The crypto's price is fluctuating above the $50 price level and the price is below the exponential moving averages (EMAs). The crypto is range bound between the levels of $60 and $50. The digital currency has tested the lower level of price range and it is likely to reverse to the upper price level.

Traders are to initiate long trades at the lower price level in anticipation of a bullish trend. Then a stop loss should be placed below the $50 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 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 digital currency is in a bullish trend. The digital currency is fluctuating above the lower level of price range. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 12, 2018

LTC/USD Medium-term Trend: Bearish

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

Last week the price of Litecoin was in a bullish trend. The digital currency reached a high of $56.65 in a bullish trend. Presently, the crypto was range bound between the levels of $50 and $60. On November 7, the crypto’s price faced resistance at $56.95 and it fell in a downward trend. Today, the price of Litecoin broke the lower level of price range and it has commenced a bullish movement.

Traders are to initiate long trades at the lower level of price range in response to the bullish trend. Then a stop loss should be placed below the $50 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 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 digital currency is in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Nov 10, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair was in a bullish trend in the first week of November 2018. On November 6, the digital currency reached a high of $56.86 and was resisted. The price of Litecoin was resisted because it was range bound between the levels of $50 and $65. The downward trend is expected to reach the lower level of price range if the bearish trend continued.

At the lower level of price range, traders should initiate long trades at the support level. Then a stop loss order should be placed below the $50 price level. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Technical Analysis: November 9, 2018

As it this, LTC/USD pair is technically bearish despite strong developments as eToro support and OkEx offering of LTC/BTC margin trading. Add this to Litecoin 0.17.0 upcoming update and Lite.im integration with Facebook allowing LTC to be sent and received via Messenger which is accessible to more than two billion people, Litecoin stars are sparkling. However, before the moon-sling we need to see strong gains above $60 otherwise any decline below $50 could trigger a new wave of selling with targets at $30.

Latest Litecoin News

On one hand the altcoin prices are on a meltdown but price is just one of the metrics. What is important is usage and how broad and deep the ecosystem is. Plans of improving the network and solving the three trilemmas of blockchain including scalability and user experience is what take center stage. At the moment, LTC/USD is trading below $70 but it shouldn’t be a big deal.

With Litecoin 0.17.0 implementation, users will transact on-chain cheaply while at the same time allowing more than 2 billion Facebook users to send and receive LTC via Messenger thanks to Facebook-Lite.im partnership. Then again, eToro did launch their own digital currency wallet offering support for Litecoin and three other coins including BTC. Aside from multisig capabilities guaranteeing private keys safety and perfect user interface, users can download the wallet for use in their Android and i Phones.

This development is at the back of eToro’s outlook of cryptocurrencies believing that the nascent technology will potentially be disruptive and influential in the finance sector. Besides, OkEx a trading platform and the social trading site competitor did open up margin trading for LTC/BTC pair.

Litecoin (LTC) Price Analysis

LTC/USD Weekly Chart

LTC/USD Price Analysis

Like in our previous LTC/USD price analysis, we retain a bearish outlook on this pair since bulls are yet to edge past key resistance levels. As visible from the chart, $70 is an important level and unless we see strong, high-volume gains above this trigger line, we shall maintain a bearish outlook trading the bear break out pattern of early August.

Notice that from the chart, it’s clear that LTC/USD is trading within a $20 range with main support at $50. It has been like this in the last four months following the August losses and now that the consolidation is printing when the market is down +75 percent from 2017 highs, there is a bullish leaning.

However, LTC/USD could cave in if prices dip below the $45-$50 support line and in that case first targets would be $30 as laid out in our last LTC/USD trade plan.

LTC/USD Daily Chart

LTC/USD Price Analysis

Unless otherwise, the main resistance trend line visible in the daily chart will act as our short-term bull trigger line assuming there is a solid close above it over the weekend.

Currently, bulls are yet to build enough momentum to thrust prices above Oct highs but as long as prices are below $60, we shall recommend taking a neutral stand aware that bears are technically in charge as aforementioned.

All we need is a dip below $50 and if a whole bar prints below it then we shall recommend sells with first targets at $30 and stops at $50.

All Charts Courtesy of Trading View

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: November 9, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 8, the price of Litecoin was in a bearish trend. On November 7, the digital currency had been in a downward trend since the crypto's price was resisted. The crypto's price was resisted because price of Litecoin faced resistance at the $60 price level. A bearish trend line is drawn to determine the continuity of the bearish trend.

A bearish trend is ongoing as long as the bearish trend line is not broken. If price breaks the trend line and the following candlestick closes above it; the bearish trend is said to be terminated. For now, the bearish trend is ongoing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below 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 digital currency is in a bearish trend. The crypto’s price 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: November 8, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, November 7, the price of Litecoin was in a bearish trend. The crypto’s price reached the high of $56.43 and was resisted by the bears. The price of Litecoin faces resistance at the upper price level of $60. The price fall has resulted in the breaking of the 12-day EMA and the 26-day EMA indicating that price is likely to continue its fall.

As the digital currency is range bound between the levels of $50 and $65, the price will find support at the lower level of price range. Traders are to exit their long trades as the crypto’s price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is below 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, LTC price is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 7, 2018

LTC/USD Medium-term Trend: Bullish

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

Yesterday, November 6, the price of Litecoin was in a sideways trend. The crypto’s price was  ranging above the $53 price level after the resistance at the $55 price level. However, the crypto’s price made a second attempt at the $55 price level and it was broken. Today, the digital currency reached the upper price level and it was repelled.

The price of Litecoin was previously range bound between the levels of $50 and $65. Traders are to exit their long trades as the crypto failed to resume its uptrend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin 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, LTC price is in a sideways trend. Price is below the 12-day EMA  and the 26-day EMA indicating that price is approaching the bearish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 6, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, November 5, the price of Litecoin was in a sideways trend. The crypto was fluctuating above the $53 price level after price was resisted at $54. The price of Litecoin is expected to rise because price is in a bullish trend zone. Traders are to hold on to their long trades as price moves to the upper price range.

Price is expected at the $60 price level because it is the upper level of price range. Traders should exit their trades at the $60 price level if it was resisted. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin 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, LTC price is in a sideways trend. Price is now above the 12-day EMA and the 26-day EMA indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 5, 2018

LTC/USD Medium-term Trend: Ranging

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

Last week price of Litecoin was fluctuating below and above the $50 price level. On November 4, the digital currency made a bullish movement to the upper price level of $60. The crypto's price reached the $54.26 price level and was resisted. Litecoin is now fluctuating above the $54 price level in a range bound movement.

The crypto's price is above the exponential moving average and as such price is likely to rise. Price is expected to reach the upper price level of $ 60. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin 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 LTC price is in a bullish trend. Price is now above the 12-day EMA and the 26-day EMA indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Nov 3, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair had been bearish in the month of October 2018. The digital currency was range bound between the levels of $50 and $65. At the upper-level, the crypto was resisted at the $64.98 price level. The downward trend continued when price was resisted at the 26-day EMA. On October 29, the lower price range was broken and price fell to the low of $48. In the first week of November, the price of Litecoin is expected to commence its bullish movement.

Though, the digital currency will face resistance at $52 price level . Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: November 2, 2018

LTC/USD Medium-term Trend: Bullish

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

Yesterday, November 1, the price of Litecoin was in a sideways trend. The crypto's price was fluctuating above the $48 price level  and was in the bullish trend zone. Price of Litecoin has been in a bullish trend since yesterday. It has crossed over the $50 price level which was the lower price range. Traders should continue with their long trades.

Price of Litecoin is expected to rise but will face resistance at the $52 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is above 12-day EMA 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, LTC price is in a bullish trend. Price of Litecoin is making a series of higher highs and high lows Price is now above the 12-day EMA and the 26-day EMA indicating that price is in a bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: November 1, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $48, $46, $44

Yesterday, October 31, the price of Litecoin was in a sideways trend. The digital currency had been on a bearish trend in the last three weeks. The crypto’s price fell to the low $48.84 and commenced a range bound movement. On October 31, the price of Litecoin made a bullish movement and reached a high of $50. Price is above the 12 –day exponential moving average and it is expected to rise.

Traders are to initiate long trades at the price of $50 and a stop loss order below the $50 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, LTC price is in a sideways trend. On October 31, the crypto's price made a bullish movement to the high of $50.70. Price is now above the 12-day EMA and the 26-day EMA indicating that price is rising . The MACD line and the signal line are above the zero line which indicates a buy signal.


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

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $48, $46, $44

Yesterday, October 30, the price of Litecoin was in a bearish trend. As the crypto’s price fell to the low of $48.84, price of Litecoin was fluctuating above that level. A bullish candlestick is approaching the 12-day EMA, and price makes a bullish movement out of the oversold region. Price is likely to break the lower price range to the upside as the digital currency makes a bullish movement.

Traders should suspend long trades until the price is above the exponential moving averages. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a bearish trend. The crypto's price is in a bearish trend as  price is now below the 12-day EMA and the 26-day EMA indicating a sell signal.The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 30, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $48, $46, $44

Yesterday, October 29, the price of Litecoin was in a bearish trend. The digital currency had been ranging below and above the price of $52. Yesterday, the price of Litecoin had broken the range bound movement and has fallen to the low of $48.82. The crypto's price is currently in a range bound movement.

The cryptocurrency was range bound between the levels of $50 and $65. Today, the price has broken the lower price range and has fallen to the low of $48.82. The bears might have exhausted their bearish pressure and price is likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a bearish trend. The crypto's price is ranging above the $48 price level. Litecoin price is below the 12-day EMA and the 26-day EMA which indicates 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: October 29, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $49, $47

Last week the price of Litecoin had been on a downward trend. The bearish movement is likely to continue as the price is below the moving averages. Price will test the $50 price level because it is the lower level of price range.The digital currency is nearing the oversold condition of the market  suggesting bulls to take control of the market.

Traders should look out for buy setups if  price falls to the lower level of price range.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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: Ranging

On the 1-hour chart, LTC price is in a sideways trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Long-Term Price Forecast: Oct 27, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair had been bearish in the month of October 2018. On October 1, the LTC price has an opening balance of $60.40. The crypto's price faces resistance at the $60 price level. On October 9, the price of Litecoin was resisted at the price of $59.99 and it fell to a low of $52.65. On October 15, the price of Litecoin reached the high of $62.06 but pulled back to the low of $55.87. The price continued its fall to the low of $53.26 and commenced a range bound movement up till date.

On the upside, the $60 price level has to be broken for Litecoin to resume its uptrend. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 26, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $52, $50, $48

Yesterday, October 25, the price of Litecoin was in a bearish trend. The crypto’s price had been on a downward trend since October 15. The digital currency is falling and it is expected at the previous support level of $51. The $50 price level is the lower level of price range.

If the cryptocurrency reaches those lows, traders are to initiate long trades at the support levels in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal. The support levels would be breached if the downward continued.


Litecoin (LTC) Daily Price Forecast: October 25, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, October 24, the price of Litecoin was in a bullish trend. The crypto’s price reached the high of $53.69 and price fell to the low of $52.93. Yesterday, it was suggested that the price of Litecoin would rise but might face resistance at the $54 price level. The digital currency did face resistance at the $54 price level and it is now approaching the previous low of $52.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a bearish trend. The digital currency fell to a low of $52.71 and commenced a bullish movement. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 24, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $52, $50, $48

Yesterday, October 23, the price of Litecoin was in a bullish trend. The digital currency was in a bullish trend after a long period of a downward trend. The crypto’s price is expected to rise but will face resistance at the $54 price level. The cryptocurrency is expected at the upper price level which is the $60 price level.

On the other hand, if the digital currency falls and breaks the $52 piece level; it is likely to revisit the previous lows. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, the MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: October 23, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $52, $49

Yesterday, October 22, the price of Litecoin was in a bearish trend. The digital currency had been in a downward trend and price is making a series of lower highs and lower lows. Today, the crypto's price is retracing to the lower high. Price is likely to fall after the retracement.

If price continues its downward fall, traders should look out for a buy setups to initiate long trades. On the other hand, the bullish movement is likely to continue. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 22, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $52, $49

Last week price of Litecoin was in a bearish trend. The crypto's price fell to the low of $51 and commenced a bullish movement to the upper price level. The cryptocurrency had been in a range bound movement between the levels of $50 and $60. On October 15, Litecoin had a price rally that made the crypto ‘s price to reach the high of $62 but it pulled back to the low of $56.

The bulls are making another attempt to reach the upper price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a Bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Long-Term Price Forecast: Oct 20, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair had been bearish in the month of October, 2018. On September 27, the price of the digital currency reached the high of $65.58 and fell to the low of $56.52 . Later, it commenced a range bound movement at that price level. . While Litecoin was ranging the crypto's price fell again to the low of $53.13. Litecoin is expected back to the upper price level. The cryptocurrency has reached the lower level of price range. Traders should initiate long trades at the lower level of price in anticipation of a bullish trend. Then a stop loss order should be placed below the $50 price level.

Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 19, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $52, $49

Yesterday, October 18, the price of Litecoin was in a bearish trend. The crypto's price fell to the low of $53 and commenced a range bound movement. The digital currency is likely to continue its fall to the $50 price level.

The LTC price is range bound between the levels of $50 and $60. If price reaches the $50 price level which is the lower level of price range, Litecoin is likely to commence a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin 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, LTC price is in a Bearish trend. The MACD indicates that the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. In addition, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 18, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $46, $44, $42

Yesterday, October 17, the price of Litecoin was in a sideways trend. On October 15, the digital currency had a price rally which made the price to reach the high of $62 but pulled back to the low of $56. Litecoin had been fluctuating below and above the $56 price level. As the crypto's price is consolidating, the key levels of the market are not evenly apart.

Therefore trading is not recommended until when price is out of the range-bound zone.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, LTC price is in a sideways trend. However, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, the MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: October 17, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $50, $52, $49

Yesterday, October 16, the price of Litecoin was in a sideways trend. There had been no significant price movement in the last 24 hours. The price of Litecoin had been fluctuating between the price levels of $55 and $56 after the end of price rally. Price is likely to continue its range bound movement because price is in the sideways trend zone.

There will be no trade recommendation as the market is not trending. Nevertheless, the price is expected to rise as per the MACD indicator. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, LTC price is in a sideways trend. October 16, the crypto's price fell to the low of $55 and commenced a range bound movement. However, the price of Litecoin 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: October 16, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $50, $52, $49

Yesterday, October 15, the price of Litecoin had a price rally and the crypto's price reached the high of $62 but was repelled. However, price pulled back to the low of $56.54. The price of Litecoin had not been able to resume its uptrend because of the resistance zone of $60-$65 price levels. The bulls had been contesting this levels to break upward for about two months. Price of the digital currency is now fluctuating above the $50 price level.

Today the cryptocurrency is likely to be in a range bound movement above the $50 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin 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, LTC price is in a sideways trend. The crypto's price is ranging above the $54 price level. The price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone.


Litecoin (LTC) Daily Price Forecast: October 15, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $55, $53, $51

Last week, October 8, the price of Litecoin was in the resistance zone of $60-$65. Whenever price reaches the $60-$65 price levels, the digital currency will be resisted. The digital currency fell to the low of $50.44 but managed to recover. The $50 price level is the lower level of price range. In the other words, it is the support level where buyers are willing to buy.

The digital currency had been range bound between the levels of $50 and $65. Price is expected to rise to the upper price level. Traders should look out for buy setups so as to initiate long trades. These long trades should be exited at the upper level of price range.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, LTC price is in a bullish trend. Litecoin fell to the low the $50.83 and it is making a bullish movement to the upper price level. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Litecoin (LTC) Long-Term Price Forecast: Oct 13, 2018

LTC/USD Long-term Trend: Ranging

Resistance Levels: $60, $62, $64
Support levels: $50, $48, $46

The LTC/USD pair had been in a range bound movement in the month of September 2018. It has an opening balance of $62.07 but closed with a balance of $60.39 at the end of the month. The digital currency fluctuates between the levels of $50 and $65. On October 1, Litecoin has an opening balance of $60.40. The price fell to the low of $50.89 which is the lower level of price range. As a trader, you can make partial profits while the digital currency ranges between the range bound zone.

You can initiate a long trade at the lower level of price range and exit at the upper level of price range and vice versa. The crypto’s price will face resistance at the $65 price level. Meanwhile, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 36 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.


Litecoin (LTC) Technical Analysis: October 12, 2018

It’s back to red for Litecoin and while Charlie Lee endorses Monero, investors are bleeding thanks to yesterday’s 10 percent loss. Overly, we expect a retracement but this should come at the benefit of sellers aiming at $25.

Latest Litecoin News

Charlie Lee, the co-founder and the public figure head of Litecoin is always on the news. He may be controversial sometimes and while he represents Litecoin advocating for its use in this deep market, he’s never shy of endorsing other coins. He’s particularly interested with privacy features as those found in Monero and sometimes back he held a Twitter poll asking users to vote for one of the three privacy features he had proposed.

Among them was the incorporation of Confidential Transactions (CT), Mimble-Wimble and ZK-SNARKs. The online community was clear and preferred to see the integration of CTs rather than ZK-SNARKs which came in second with roughly 25 percent of the votes. However, 22 percents voted against inclusion of privacy features in Litecoin.

Though a novel idea, Monero and its strict anonymity properties is facing backlash from security organizations such as the US Secret Service. Therefore, even if it is incorporated, it will be a delicate balance between freedom and probability of further scrutiny.

Moving on, LoafWallet a service that allowed users to buy and sell Litecoin via CoinBase is not looking for Beta testers as it prepares to transition over to SimpleX. At the back of complaints and more, this will open the door for more agent satisfaction and the further exposes users to more than 150,000 users wishing to buy any amount between $50 and $20,000 worth of LTC.

Litecoin (LTC) Price Analysis

LTC Weekly Chart

Litecoin Price Analysis

The depreciation is clear and after yesterday’s clip, LTC is down 10 percent on a weekly basis. That means prices are now racing towards the main support line at $50 complementing the bear break out pattern of early August. In any case, we were net neutral encouraging risk-averse traders to only execute long trades once there was a clear break and close above $70 at the back of strong volumes.

That didn’t happen and while short term traders took a hit, our trade plan is valid. It would be ideal for LTC traders to wait for clean cuts and breaks below Sep lows at around $45. That way, traders would be trading in the direction of the strong bear candlestick of Week ending Sep 9 and syncing in perfectly with the general bear trend.

Ideal bear targets remain at $25 while another whipsaw that re-asserts buyers above $70 nullify this bear projection.

LTC Daily Chart

Litecoin Price Analysis

Back to the daily chart and the ranging market of the last two months is clear. Following the break out trade of early August, the market has been ranging within a $20 range with caps at $70 and bases at $50.

Following yesterday’s influx of sellers and loss magnification, we expect sellers to build enough momentum and breach the $50 level.

Thereafter, we shall recommend LTC short traders to sell only once a whole bear bar close below $50 with first targets at $25 as aforementioned before.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: October 12, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, October 11, the LTCUSD pair was in a bearish trend. The digital currency fell to the lower level of price range. However, if price breaks the $50 price level, Litecoin will find support at $48. On the other hand, if price fails to break the $50 price level, the digital currency will revert back to the upper level of price range.

Traders should look out for buy setups so as to initiate long trades in anticipation of a bullish trend. These long trades should be exited at the upper level of price range. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, LTC price is in a bullish trend. Litecoin fell to the low the $51.09 and it is making a bullish movement to the upside. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Litecoin (LTC) Daily Price Forecast: October 11, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, October 10, the LTCUSD pair was in a bearish trend. The digital currency had been range bound for some time. The price of Litecoin has fallen and it is approaching the $50 price level which is the lower level of price range. If the bearish pressure continued Litecoin is likely to reach the previous low of $45.

However, traders have to take advantage of initiating long trades as the market reach the oversold region. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, Litecoin is in a bearish trend. The digital currency is approaching the price at $52 in a downward trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 14 which indicates that the market is oversold signaling bear’s exhaustion and suggesting bullso to take control of the market.


Litecoin (LTC) Daily Price Forecast: October 10, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, October 9, the LTCUSD pair was in a bearish trend. As the digital currency falls, it is approaching the lower level of price range. The digital currency is not likely to reach or break the $50 price level. Price is likely to reverse at the $55 price level. If price reaches and reverses at either $50 or $55, then traders should initiate long trades in anticipation of a bullish trend.

If the lower level of price range is broken price will reach the low of $ 47.Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The LTC price is approaching the price at $57 in a downward trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 33 which indicates that the market is oversold signaling bear’s exhaustion and suggesting bulls to take control of the market.


Litecoin (LTC) Daily Price Forecast: October 9, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, October 8, the LTCUSD pair was in a bullish trend. The LTC price reached the upper level of price range at a price of $60.15. Presently, the digital currency ranges between the levels of $50 and $60 and as a result, price was resisted. Traders had been advised to exit their trade at the lower or upper levels of price range. If that is done, a short trade should be initiated at the upper level of price range.

A stop-loss order should be placed above the $60 price level in case of price breakout. Meanwhile, the digital currency will continue its range bound movement within the zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin 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 LTC price is in a bearish trend. The LTC price fell yesterday from the high of $60.15 and it is about commencing another bullish movement to the upper price level. The price of  Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 53 which indicates that price is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: October 8, 2018

LTC/USD Medium-term Trend: Bullish

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

Last week, the price of Litecoin had been in a sideways trend. The digital currency had been ranging between the levels of $50 and $65 for about a month. Last week the digital currency was fluctuating between the levels of $59.96 and $57.97. The price of Litecoin had not been able to break the lower and upper levels of price range.

The LTC price will appreciate if the upper level of price range is broken. On the other hand it will depreciate if the lower price level is broken. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a sideways trend. The price is Litecoin of above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates the buy signal. The Relative Strength Index period 14 is level 60 which indicates that price is in the bullish trend zone.


Litecoin (LTC) Long-Term Price Forecast: Oct 6, 2018

LTC/USD Long-term Trend: Ranging

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

The LTCUSD pair had been in a range bound movement in the month of September 2018. It has an opening balance of $62.07 but closed with a balance of $60.39 as at the end of the month. The digital currency fluctuates between the levels of $50 and $65. As a trader, you can make partial profits as the digital currency ranges between the range bound zone. You can initiate a long trade at the lower level of price range and exit at the upper level of price range and vice versa.

Price is currently fluctuating at the lower level of price range and it is expected at the upper price level. Meanwhile, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 38 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.


Litecoin (LTC) Daily Price Forecast: October 5, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, October 4, the LTC price was in a bullish trend. While in the bullish trend the digital currency reaches the high of $59.35 and was resisted. Price was expected to terminate at the resistance of $65 because it was the upper level of price range. Meanwhile, the price is falling and it is expected to reach the lower level of price range. If it does and price reverses, a long trade should be initiated which should be exited at the upper level of price range.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 43 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates the sell signal.


Litecoin (LTC) Daily Price Forecast: October 4, 2018

LTC/USD Medium-term Trend: Bullish

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

Yesterday, October 3, the price of Litecoin was in a sideways trend. The digital currency was ranging above the price of $57 before embarking on a bullish trend. The price of Litecoin is now ranging between the levels of $50 and $64. Traders ought to have initiated long trades at the current market price so as to earn partial profits at the upper level of price range . The digital currency is presently moving to the upper level of price range though it will be resisted at the $64 price level.

However, if the digital currency is resisted at the upper level of price, then all the long trades should be exited. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price is Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates the buy signal.


Litecoin (LTC) Daily Price Forecast: October 3, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, October 2, the price of Litecoin was in a bearish trend. The range bound movement above the $60 price level has been broken by this bearish trend. The LTC price has broken the upper level of the previous price range. Price of the digital currency is now approaching the $50 price level which was the previous lower level of price range.

Price may get stalled there or fall to the low of $ 47.67. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The digital currency has fallen from its previous high of $60 and price is approaching the $57 price level. The price is Litecoin is now below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates the sell signal.


Litecoin (LTC) Daily Price Forecast: October 2, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $60, $58, $56

Yesterday, October 1, the LTCUSD pair was fluctuating above the $60 price level. This was as a result of the digital currency falling from its previous high when it faced resistance at the $65 price level. Price of the digital currency will be fluctuating above the $60 price level until we have price breakout. On the other hand, if it breaks the $60 price level it will fall into the previous range bound zone of $50 and $60.

There will be no trade recommendation as the price action is choppy. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The cryptocurrency made a bullish movement to the high of $61 from its previous low of $59.96. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: October 1, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $60, $58, $56

Last week the LTCUSD pair was fluctuating above the price of $55 before embarking on a bullish movement to the high of $65. Later it was ranging between the levels of $61 and $65. The bulls and the bears pause to determine on which direction the price will go as the market seems to be quiet.

If price continues its downward moves it will fall into the previous range bound zone of $ 50 and $60. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The cryptocurrency was fluctuating between levels of $54 and $64. The price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates the sell signal.


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

LTC/USD Long-term Trend: Bearish

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

The LTC price was bearish all through the month of September 2018. On September 1, the LTC price has an opening balance of $62.07. On September 11, the digital currency fell to its low at $50.72. Since then the digital currency had been range bound between the levels of $50 and $60. Price is expected to fluctuate between those levels. Traders can initiate short orders if  the $60 upper level of price range holds.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 39 which indicates that the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Technical Analysis: September 28, 2018

From statistics, Litecoin is a top performer adding eight percent in the last day. While general sentiment is pro-bullish, we expect Litecoin to close higher by the end of the week confirming last week’s revival. While traders are expectant, there should be some market boosting fundamental thrusting prices above $70.

Latest Litecoin News

By design, Litecoin is meant to complement Bitcoin as a payment platform. Transaction processing in Litecoin is fast because it confirms blocks every 2.5 minutes and merchants get to pay perpetually low fees. That’s unlike Bitcoin where medium fees can spike when there is an influx of users. A case in point is last year when fees soared to $25 with transaction settlement taking hours. Off-chain solutions are some of the proposals fronted to infinitely scale the network.

Lightning Network development is on course and with Litecoin playing wing man, merchants stand to benefit cementing Litecoin position as a go-to network spurring adoption. Aside from fast and cheap transaction, there is privacy and complete immutability free from counter-party risks even if processing is done off-chain. A developer Alex Bosworth introduced the concept of Atomic Swaps allowing direct conversion between BTC/LTC without the need of a third party.

This feature allows for invoices at the LN domiciled in BTC to be paid in a one-step procedure called submarine swaps. Submarine swaps enable merchants or adopters to settle invoices in the LN using any coin. This way, the LN could act as a decentralized exchange and a one-in-all scaling solutions for cryptocurrency networks.

Litecoin Price Analysis

LTC Weekly Chart

Litecoin Price Analysis

Technically, our previous Litecoin trade plans are valid. This is so because despite a weekly gain of eight percent, Litecoin prices are still trending within our tight $20 range with clear support at $50 and our bull trigger line at $70. This level is an important resistance line and a previous bear break level of week ending Aug 12.

If anything, prices are in consolidation mode and as they accumulate, momentum is shifting from bearish to bullish. However, before we confirm that, bulls must first build enough momentum and breach the $70 level completing a three-bar bull reversal pattern from around the 78.6 percent Fibonacci retracement level anchored on last year’s high lows.

From a more cautious angle, even if there are higher highs, the simple fact that buyers are yet to completely reverse week ending Sep 9 losses mean sellers are somehow in charge. As such, a contrarian and deflating move will see prices dipping below $50 nullifying this bull projection.

LTC Daily Chart

Litecoin Price Analysis

Yesterday’s 10 percent surge did temper risk-off traders who were waiting for a pull-back from last week’s high before ramping up. Because of yesterday’s rally, bulls can buy at spot rates with stops at Sep 25 lows at $50. From our last Litecoin price analysis, first bull target will be at $70. But any strong close above $70 will trigger an influx of risk-on, conservative type of buyers eyeing $90.

Author: Dalmas N


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

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $60, $58, $56

Yesterday, September 27, the LTCUSD pair was in a bullish trend. The digital currency fell to the low of $56.61 and commenced a bullish movement. Price has now broken the $60 price level and it has reached the high of $63.16 . The LTC price is commencing another range bound movement above the price of $63.

Nevertheless, the digital currency may face resistance at the price of $69. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend. The Relative Strength Index period 14 is level 68 which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: September 27, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $60, $62, $64
Support Levels: $56, 54, $52

Yesterday, September 26, the LTCUSD pair was in a bullish trend. On September 5, the price of Litecoin had been range bound between the levels of $50 and $60. In the bullish trend, the LTC price tested the upper level of price range and was repelled. On September 26, the price reached the high of $59.01 and was resisted. It is making another attempt to reach the upper level of price range.

If the digital currency breaks the $60 price level, the LTC price will be out of the range-bound zone. However, if it is resisted again, traders should initiate short trades and exit near the support zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is falling after the resistance at $59.79. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: September 26, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $60, $65, $70
Support Levels: $50, 60, $50

Yesterday, September 25, the LTCUSD pair was in a bearish trend. The bearish trend was as a result of the resistance of September 23. Price tested the upper level of price range which is $60 price level. The digital currency reaches the high of $63.73 and was resisted. Price has reached the low of $54.17 and has bounced back. Today, the LTC price has moved away from the lower level of price range.

Traders can initiate long trades at the lower level of price range and exit your long trade at the upper level. While your stop loss can be placed below the $50 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is making a bullish movement to the upper level of price range after reaching the low of $54. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: September 25, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $62, $64, $66
Support Levels: $40, $38, $36

Yesterday, September 24, the LTC price was in a bearish trend. The price of the digital currency tested the $60 price level which is the upper level of price range and which was resisted. The LTC price had been range bound between these levels for some time. Since the digital currency is range bound, it is likely to fall towards the $50 price level which is the lower level of price level. At the support level, if it bounces back and make a bullish movement, traders should look out for buy setups.

This is to enable them to initiate long trades as price moves again to the upper level. From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 40 which indicates that price is in the sideways trend zone trend zone.

LTC/USD Short-term Trend: Bearish

From the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 24, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $62, $64, $66
Support Levels: $56, $54, $52

Last week LTCUSD pair was in a range bound movement. The digital currency had been ranging between the levels of $50 and $60. However, on September 22, the LTC price tested the resistance level was resisted at the price of $61.80.

The bulls took price upwards to the high of $63.73 and it was resisted again. That was why the price had been in a downward trend. Price of Litecoin is expected to fall but will face resistance at the support level.

From the chart, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 49 which indicates that price is in the sideways trend zone trend zone.

LTC/USD Short-term Trend: Bearish

From the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Long-Term Price Forecast: Sept 22, 2018

LTC/USD Long-term Trend: Bearish

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

The LTC price is currently in a range bound movement. However, in the first eleven days, the cryptocurrency was in a downward trend. The price of Litecoin has an opening balance of $62.07 but reached the high of $67.81. The cryptocurrency faced resistance at the price of $60 price level. Therefore, the cryptocurrency was resisted  and closed at 550.72. Thereafter, the cryptocurrency is still ranging between the levels of $60 and $50.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 37 which indicates that the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Technical Analysis: September 21, 2018

In recent days, price action has been supportive of Litecoin bulls that are up seven percent in the last day. Though we hold a neutral and bearish stance in light of crashing reports by Tushar Jain who is a managing partner at Multicoin, should buyers rally past $60, then odds are prices might test $70 before the weekend.

Latest Litecoin News

All cryptocurrencies including Litecoin were having a hard time grappling against missile-packing sellers keen on destroying bull rockets right from their launch pads.

This is why Charlie Lee, the founder of Litecoin and who is also an active member in the development team is literally striking back, shooting down what he terms as “concerted efforts”  by FUD sparking groups keen on deliberately suppressing Litecoin prices. In some ways, he may be right and by defending a coin he founded back in 2011 is but natural especially at this time when it is gullible. At the back of vicious attacks from Tushar Jain, Charlie Lee is an optimist.

Regardless, his optimism should be limited because some of the arguments the Managing Partner at Multicoin spewed are true—and in some ways thought provoking. Among other claims, Jain argues that Litecoin is “pre-smart contract relic” that is backed by churned incentives past their usefulness. He further rubbed in saying Litecoin is a pump-and-dump scheme, a product of collusion and insider trading that has far outlived its mandate.

According to Jain, the fact that Charlie Lee opted out early this year raises a lot of “red flags” and it could be worse since the Litecoin foundation holds a meager $322,000 of which 80 percent is dominated in Litecoin, a coin which they say is over-valued.

Litecoin Price Prediction

Weekly Litecoin Price Charts
Litecoin Price Analysis
Weekly Litecoin Price Chart by Trading View

In this time frame, there are three immediate zones that are important as far as price action and trading is concerned. First, the main support line between $45–$50 is important for short sellers and resistance around $60—$70 is vital for buyers eyeing $90 and later $110.

Needless to say, the market is stable and though Litecoin prices are moving horizontally, it may end up being another distribution as sellers accumulate ready to press lower below $45 and towards $30 our ultimate bear target as laid out in previous projections.

The odds of this overview is pretty high and is backed by solid technical developments of the last few weeks mainly from week ending Aug 12 and recently week ending Sep 9. Both are conspicuous candlestick tracking at the back of abnormally high volumes and are with wide ranges breaking or bouncing off key support and resistance levels.

All things constant, our last Litecoin price analysis remains the same with trades triggered only when there are drops below $45 or thrusts above $65–$70 zone.

Daily Litecoin Price Charts

Litecoin Price Analysis
Daily Litecoin Price Chart by Trading View

Like the rest of the markets, Litecoin prices trending and up seven percent in the last day. Nonetheless, a stand out is the inability of prices to edge past Sep 17 highs at $60 but what should be supportive of buyers is the failure of sellers to drive prices below $45.

This means prices are in consolidation halting our trading until after there is a decisive thrust in either direction.

Before that happens, we remain neutral with view that any move above $60 automatically triggers bulls aiming for $70.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: September 21, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $60, $62, $64
Support Levels: $56, 54, $52

Yesterday, September 20, the price of Litecoin was in a sideways trend. After price fluctuations, the digital currency reached the high of $57.37 and was making a retracement. Please note that price is testing the upper level of price range.

If price fails to break the upper level, the digital currency will retrace and commence a range bound movement. Traders can initiate a short trade and a stop loss above the $60 price level. At the lower price level of $50, you exit your short trade and earn your partial profits.

However, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 59 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin reached the high of $56.86 and commenced a range bound movement. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 20, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $60, $65, $70
Support Levels: $50, 45, $40

Yesterday, September 19, the price of Litecoin was in a sideways trend. There has been no significant price movement as the digital currency had been range bound between the levels of $50 and $60. On September 19, the LTC price had a price spike. The price went down to the low of $51.56 and was resisted. The same candlestick at the same time went up to the high of $55.04 and also pulled back.

The prices were pulling back as they test the upper and lower levels of price range. Meanwhile, the LTC price will continue its range bound movement. However, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Litecoin is neither below nor above the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 19, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $60, $65, $70
Support Levels: $50, 45, $40

Yesterday, September 18, the price of Litecoin was in a bullish trend. The bottom line is that the price of Litecoin is range bound between the levels of $60 and $50. Therefore, if the price was bearish to the low of the support zone; it would be bullish as it ranges to the resistance level. Today, the price of Litecoin is at $54.24 and is ranging horizontally after an initial bullish movement from the low of $51.28. Trading is unnecessary as the price is ranging horizontally.

However, if the price reaches the upper level of price range, a short trade should be initiated. That is if the resistance level was not broken. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 49 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 18, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $60, $62, $64
Support Levels: $50, 548, $46

Yesterday, September 17, the price of Litecoin was in a bearish trend. Initially, the cryptocurrency was in a bullish trend and has reached the high of $57.82 before it encountered a bearish trend. The digital currency encountered a bearish pressure because the upper level of $60 is the resistance level of price range. The cryptocurrency has fallen to the low of $51.28 which is near the $50 price level of the lower range.

Therefore the digital currency is still range bound between the levels of $60 and $50. Today, the price has commenced a bullish movement. It is expected that traders initiate long trades while the price is still at the lower level of a price range. Then stop-loss orders be placed below the $50 price level. You exit your long trades near the upper level of price or when the trend reverses.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 37 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a smooth downward trend. The price of the cryptocurrency is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 17, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $60, $65, $70
Support Levels: $55, 50, $45

Last week the price of Litecoin was in a bullish trend. The bullish trend began when the price fell to the low of $47.14. The price of Litecoin is making a series of higher highs and higher lows. A bullish trend line is drawn showing the support levels of price. A trader can initiate a long trade if price tests and bounces back on the trend line. However, if price breaks the trend line the current trend will be invalidated. The LTC price is currently in the previous range bound zone and approaching the upper level of the price range.

Price of Litecoin is expected to reach high of $60 but may face resistance at that level.Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The Relative Strength Index period 14 is level 57 which indicates that price is near the bullish trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of the cryptocurrency is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an above signal.


Litecoin (LTC) Long-Term Price Forecast: Sept 15, 2018

LTC/USD Long-term Trend: Ranging

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

The price of Litecoin had been range bound since the beginning of the month. The cryptocurrency had been range bound between the levels of $60 and $50. On September 11, the LTC price had fallen to the low of $50.72 at the lower level of the price range. On September 9, the price reached the high of $56.12 at the upper level of the price range.

In a ranging market, we trade the upper level by initiating a short trade and exiting near the support zone. At the lower level, we initiate a long trade and exit near the resistance zone. Price respects the upper and lower levels of price in a ranging market. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 37 which indicates that the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Technical Analysis: September 14, 2018

A standout in the last day buoying our Litecoin price analysis is the obvious resurgence of Litecoin prices. With a bullish engulfing bar right at main support line at $50, Litecoin buyers are showing their intent as the general altcoin market recover printing greens. Going forward, we suggest Litecoin buys on pull backs with stops at Aug 2018 lows.

Litecoin Latest News

No doubt, Charlie Lee, the founder of Litecoin, the seventh largest cryptocurrency by market in the world and the most active, is a controversial figure. He not only like saying things as they are upsetting supporters but he is a fellow open to ideas and keen to promote Bitcoin. Latest Litecoin news indicates that he caused a stir saying Bitcoin Cash would be nothing if Bitcoin miners staged an attack on Bitcoin Cash “weak” network.

While hashing statistics might be supportive of his claims, it is also clear that Litecoin hashing network is at around six percent that of Bitcoin and the only thing that might be preventing an attack is the difference in hashing algorithm—Litecoin uses Scrypt while BTC use SHA-256. However, what set Litecoin apart is that just like BTC is dominant in the SHA-256 ASIC mining category and resistance to ASIC Boost which many speculate is still in use by BCH, Litecoin rules the Scrypt–ASIC mining category.

Besides, Litecoin worth is in its utility thanks to their never tiring efforts to make the coin mainstream and their earlier social media campaign #PayWithLitecoin which paid off.

In the meantime, Litecoin traders at Bittrex will from Sep 17 begin trading the LTC/USD pair, the company has announced. The fiat trading service will only be available for users whose accounts are older than Sep 4 but still traders from specific US states and verified international account holders shall trade this pair.

Litecoin Price Prediction

Weekly Litecoin Price Chart
Litecoin Price Analysis
Litecoin Weekly Chart by Trading View

A two percent loss on a weekly basis is but an encouraging performance now that the coin was down 20 percent early this week. With this, there is a clear long lower wick meaning sellers are finding resistance in lower time frames in the process thrusting prices back to the $20 trade range marked by upper limits at $70. This level is also our immediate resistance line. All things constant, we suggest traders to exit their shorts and instead, risk off traders can begin fading the markets on every dip in lower time frames. If this revival persists and say bulls reverse week ending Sep 9 losses with buyers closing above $70, we risk on traders can buy on break outs with first targets at $90 and later $110.

Daily Litecoin Price Chart
Litecoin Price Analysis
Litecoin Daily Chart by Trading View

Right at $50 main support, Litecoin did print a three-bar bull reversal pattern, the Morning Star. This not only cancelled our shorts but with a bullish engulfing bar in place, Litecoin prices on a recovery path and out Litecoin price prediction paints a pretty bullish environment in days to come. If anything, we suggest aggressive traders to buy Litecoin in an otherwise bearish trend at spot prices with stops at Aug lows at $45 with first targets at $70. Needless to say, but any dip below $45-$50 cancels this upbeat Litecoin price forecast.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: September 14, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $60, $65, $70
Support Levels: $50, 45, $40

Yesterday, September 13, the price of Litecoin was in a bullish trend. Yesterday, it was suggested that if the $50 price level holds we should initiate a long trade. The $50 price level is holding and the price is expected to reach the high of $60. The cryptocurrency is range bound if the price reaches the upper level and bounces back, the long trades should be exited.

On the other hand, the trades should be left open if the price breaks the upper level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The Relative Strength Index period 14 is level 55 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Ranging

On the 1-hour chart, the LTC price is in a bullish trend. The price of the cryptocurrency is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an buy signal.


Litecoin (LTC) Daily Price Forecast: September 13, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $60, $65, $70
Support Levels: $50, 45, $40

Yesterday, September 12, the price of Litecoin was in a bullish trend. The price of Litecoin fell to the low of $47.14 and commenced a bullish movement. The cryptocurrency is now back to the previous range bound zone of $60 and $50. The price of Ethereum is likely to fluctuate above the $50 price level and within the range bound zone.

Therefore if the $50 price level holds traders should initiate long trades in anticipation of a bullish trend . Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The MACD lines are all bullish signals. The price of the cryptocurrency is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an above signal.


Litecoin (LTC) Daily Price Forecast: September 12, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $60, $70, $80
Support Levels: $45, $35, $25

Yesterday, September 11, the price of Litecoin was in a bearish trend. In the bearish trend price of Litecoin has fallen to the lower level of price range which is the $50 price level. The cryptocurrency was previously range bound between the levels of $60 and $50. If the $50 price level holds traders should initiate long trade and exit such trade at the upper level of the price range.

While you remember to place a stop loss below $50 price level. If the lower level fails to hold, price will find support at $45 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 29 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The price of the cryptocurrency is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 11, 2018

LTC/USD Medium-term Trend: Ranging

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

Yesterday, September 10, the price of Litecoin was in a bearish trend. The digital currency fell to the low of $53.01 and closed at a price of $53.90. Today, the price of Litecoin is approaching the price at $54. The cryptocurrency was previously range between the levels of $60 and $50. Therefore, the price is likely to be range bound between these levels pending an outcome of a breakout.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 41 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of the cryptocurrency is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 10, 2018

LTC/USD Medium-term Trend: Bearish

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

Last week the price of Litecoin was in a bearish trend. On September 5, a bearish price spike led the price to the low of $53.90. The digital currency commenced a range bound movement and further depreciated to the low of $51.78. Price of Litecoin has reached the critical level of $50 which is the major support level.

Traders are to initiate long trades in anticipation of a bullish trend. The LTC price is expected to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 42 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Sept 8, 2018

LTC/USD Long-term Trend: Bearish

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

The price of Litecoin was in a bullish trend at the beginning of September 2018. The opening balance was $ 62.07. The LTC price had been making attempts to break the high of $70 price level. The LTC price faced resistance at a price of $68.43 and which led price to fall to the low of $56.23. The bearish breakout led price back into the previous range bound zone.

Price is now at the lower level of price range and has reached the critical support level of $50. The LTC price is likely to rise to the upper level of price range. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 36 which indicates that the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Technical Analysis: September 7, 2018

A combination of a rapid losses and shifting sentiment –now that Goldman Sachs aren't shelving their plans on cryptocurrency trading is morphing into a market wide depreciation. Following Sept 5 events where statistics showed bears wiped more than $40 billion of market valuation in a single day, it appears that sell triggers are live and in that case trading with the 8-month trend by selling on every high is prudent.

News Highlights

Aside from user cases, blockchain technology is not only an innovative solution but is disruptive. It’s no wonder that many businesses have solid plans of incorporating this novel technology in their business structure as they bid to improve transparency, efficiency and even cost cutting.

After all, using blockchain solutions as Litecoin especially for moving funds from one place to another is not only safe but is extremely cheap. There have been cases where funds have moved millions of dollars only to pay cents and settlement completed in minutes.

It’s along this vein that recent survey from SharePost cemented our assertion on how retailers and institutions think about cryptocurrencies as Litecoin. In the report titled Cryptocurrency and Blockchain Survey: Consumers Bullish, Investors Cautiously Optimistic, the research shows more retailers and almost all institutional investors know what cryptocurrencies are and encouragingly, they plan on increasing their holdings in the coming year.

What’s even striking is that they believe blockchain technology is here to stay and what is needed to spur adoption is grass root education. This will not only expand the number of user cases but will allow for more wriggling space for future investment and actual use of cryptocurrency in their day to day use.

This is resounding and bodes well with what Litecoin co-founder advised that retailers, investors and even enthusiast should capitalize on the recent slump in prices to use LTC to pay for their day to day activities.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin Technical Analysis
Litecoin Weekly Chart by Trading View

Technically, our trade plan was overly bullish before events of earlier this week. Since Sep 5 double digit losses, we have seen LTC bears reverse previous gains and the result is that high trading range accompanied by abnormally high volumes superseding recent trading volumes.

As this pans out in a largely bearish trend, the fact that sellers jumped back in droves cemented bearish assertions effectively cancelling our previous bullish projection. All in all-and especially if we factor in the general market sentiment, we recommend selling in lower time frames whenever any high prints.

Daily Chart
Litecoin Technical Analysis
Litecoin Daily Chart by Trading View

In the last day, LTC prices are down six percent and after periods of consolidation as we saw yesterday, prices are dipping syncing with Sep 5 dark cloud cover. If anything, selling at spot rates with stops at $60 with first targets at $30 is a solid trade plan.

Conservative traders waiting for strong signals should begin initiating shorts only when prices are trading below our immediate support at $50. When that pans out, safe stops should be at the highs of the break out candlestick.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: September 7, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, September 6, the LTC price was in a bearish trend. The LTC price fell to its previous low at $53.90. The cryptocurrency has commenced a bullish movement from its low. If the level is not holding, the price of Litecoin will fall to the previous low at $50. However, if the price level holds, initiate long trades at the current market price and a stop loss below the $50 price level.

If the position becomes profitable, you bring your stop-loss orders to breakeven point. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The LTC price has commenced a bullish movement.The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: September 6, 2018

LTC/USD Medium-term Trend: Bearish

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

Yesterday, September 5, the LTC price was in a bullish trend. The cryptocurrency was resisted at a price of $68.58 while attempting to break to $70 price level. But the bears took control of the market and brought the price to the low  of $55.66. This implies that the LTC price is now back to the previous range bound zone of Levels $60 and $50.

However, if the bearish pressure continued, the cryptocurrency will revisit the previous low of $50. Also, the MACD line and the signal line are below the zero line which indicates a buy signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 27 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 5, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40

Yesterday, September 4, the price of Litecoin was in a bullish trend. Yesterday, the LTC price was approaching the $75 price level and there was an opinion that price was likely to face initial resistance at the $68 price level. Yesterday, the cryptocurrency was resisted at a price of $68.58.

Today, the price of Litecoin is in a bullish movement attempting to break the $70 price level.Also, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 67 which indicates that price is in the bullish trend zone.

LTC/USD Short-term: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: September 4, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40

Yesterday, the LTC price has been in a bullish trend. The cryptocurrency is out of its previous range-bound levels of $60 and $50. Yesterday, the price was at $64 which was a support level. Today, the price is still in a bullish trend and approaching the high of $75. However, the cryptocurrency is likely to face resistance at the price of $68.

Also, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 64 which indicates that price is in the bullish trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: September 3, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40

Last week the price of Litecoin was in a sideways trend. There was no significant price movement as the market was quiet. On August 29, the cryptocurrency reached the upper level of price range and was resisted at a price of $63.46. The price fell to the low of $58.65 and commenced another bullish movement to the high of $67.81. Today, the LTC price is out of the range-bound zone of $60 and $50.

Presently, the LTC price has retraced from its recent high to a range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 56 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Technical Analysis: September 1, 2018

Fundamentally, Litecoin is on an uptrend and so far, the coin is finding support from Swaplab, Yahoo Finance and is basically one of the coin institutional  investors are eyeing. Regardless, prices are on a slump diverging from fundamentals and if we plug in yesterday’s losses, it appears as if bulls are slowing down. But, this divergence between technicals and fundamentals might provide the much needed impetus for reversals in coming weeks/months. After all, fundamentals precede price moves.

News Highlights

There is a new wave of adoption sweeping through the crypto market and all this encouragingly is a happening right in the middle of a serious bear market. To put things in perspective, the altcoin market- of which Litecoin is part of this statistic is down an eye popping 95 percent from ATHs—and it could be worse.

However, in the midst of all this deflating metrics, traditional finance firms are beginning to bend towards the crypto world. Perhaps they see an arbitrage opportunity which is still fuzzy from retailer’s standpoint. After all, a recent PwC survey shows that institutional investors are now interested in cryptocurrencies more than ever. As a matter of fact, out of the 600 top tier managers in companies generating over $1 billion in revenue, 84 percent revealed that they have a blockchain project in the working.

So, it’s not surprise that Yahoo Finance is now rolling out their crypto trading service in the US. With this new service, clients can purchase Litecoin and three other cryptocurrencies directly on-site as long as their exchanges support TradeIt. The service is on “display mode” and there has been no official communication from Yahoo Finance about this latest development.

What is positive about this is that it might set precedence for competitors. Already, Cryptocompare are partnering with Reuters. In the deal, verifiable trade data of 50 high liquid coins shall be infused into Eikon, Reuters platform continuously providing institutional investors a source of reliable information of the crypto world—a sphere which is often misconstrued.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin (LTC) Technical Analysis
Litecoin Weekly Chart by Trading View

On a weekly basis, Litecoin (LTC) is down 90 percent from Dec 2017 highs and that is a deep retracement by any standard. Needless to say, while prices are currently testing historical lows many are expectant of reversals and momentarily, it appeared as if Litecoin bears were slowing giving a chance for buyers to make a comeback.

However, judging from the way prices are set up and the general candlestick arrangement—from a top down approach, bears are far from slowing down and for bulls to turn around, then we need to see strong bull involvement characterized by high trading volumes and price spikes from current levels.

We aren’t seeing that. Instead, prices are actually consolidating along a tight $10 inside week ending Aug 12 high low. As such, before we decide on adding longs, buyers must first edge past $70, our previous support now resistance.

Daily Chart
Litecoin (LTC) Technical Analysis
Litecoin Daily Chart by Trading View

Prices might be on a recovery path going by the last 10 days moves but from a technical stand point, we need strong signals before recommending swing, conservative trades.

This is why we suggest exiting longs and taking a temporary neutral stand. As highlighted in our last Litecoin technical analysis, what we need is a break out and closes above $70 before buying on dips with targets at $90 and $110. On the flip side, any dip below $50 invalidates our bullish forecast and in that case bears should aim for $30.

Author: Dalmas N


Litecoin (LTC) Long-term Price Forecast: Sept 1, 2018

LTC/USD Long-term Trend: Bullish

Resistance Levels: $70, $75,$80
Support Levels: $60, $55, $50

On August 1, the LTCUSD pair was in a bearish trend with an opening balance of $77.53 The bears took price to the low of $49.08 which closed at $ 51.93.The pr1ce of Litecoin depreciated to about 33%. At the oversold condition, the LTC price began its range bound movement between the levels of $60 and $50. However, if the price breaks the upper level of the price range which is $60, the price of Litecoin will reach the high of $74.91. On the other hand, if price breaks the lower level of the price range, the price of  Litecoin will further depreciate to the low of $39.39.

On the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level  which indicates that the market is oversold suggesting bulls to take control of the market.


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

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $70, $75, $80
Support Levels: $60, $55, $50

Yesterday, August 30th, the LTC price was in a downward trend. The LTC price was resisted twice while trying to break the upper level of a price range. The resultant effect was that price fell back to the range bound zone. The LTC price fell to its low at $58.65. Today the cryptocurrency is making a bullish movement to the high of $ 60. However, the price of LTC will retest the upper level of the price range.

From the chart, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 49 which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: August 30, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40

Yesterday, August 29th, the price of Litecoin was in a bullish trend. The cryptocurrency was expected to reach the high of $74.91 based on the assumption that the upper level of a price range which is $62 was broken. The LTC price has attempted several times and was resisted at the price levels of $63.65, $63.46, and $63.30. The LTC price fell to the lows of $61.10 and $60.26 at each resistance. Today, the price Litecoin is in a sideways trend.

The cryptocurrency has fallen into the range bound zone to continue its range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 56 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 29, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $70, $80, $90
Support Levels: $60, $50, $40

Yesterday, August 28th, the price of Litecoin was in a bullish trend. It was assumed that if price broke the upper level of the range, the cryptocurrency would reach the high of $74.91. On the other hand, it was assumed that if price fails to break the upper level of the range, the LTC price would pull back into the range bound zone. Today, the price of Litecoin is still in a bullish trend and price has broken the upper level.

The price is approaching the $74.91 price level as earlier suggested.Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 77 which indicates that price is in the bullish trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


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

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $70, $75, $80
Support Levels: $60, $55, $50

Yesterday, August 27th, the LTC price was in a sideways trend. Yesterday, the LTC price had no significant price movement as the market was quiet. Today, the cryptocurrency has entered a bullish market and the price is approaching the upper level of the range bound zone. If price breaks the upper level of the range bound zone, the LTC price will reach the highs of $74.91.

On the other hand, if price fails to break the upper level, the cryptocurrency will fall into the range bound zone of $60 and $50. Traders should exit their long trades and initiate short trades. On the chart, 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 a bullish trend is ongoing. The Relative Strength Index period 14 is level 69 which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

From the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: August 27, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $70, $75, $80
Support Levels: $60, $55, $50

Last week the LTC price was in a sideways trend. The digital currency fluctuates between the resistance level at $60 and the support level at $50. However, On August 22nd, the price of Litecoin reached the high of $59.43 and price pullback to the low of $56.21. The digital currency had been ranging below and above the price $56.21. Today, the LTC price has no significant price movement because the market is quiet.

The price will react the same way this week until a breakout occurs. Nevertheless, 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 a bullish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Litecoin (LTC) Long-Term Price Forecast: Aug 25, 2018

LTC/USD Long-term Trend: Ranging

Resistance Levels: $60, $62, $64
Support Levels: $54, $52, $50

The price of Litecoin is in a sideways trend as a result of the bearish trend. Presently the price fluctuates between the levels of $60 and $50. On August 14, the price of Litecoin fell to the low of $50 and price pullback. Also, on August 18, the cryptocurrency rose to the high of $62 and price pullback to create the range bounds levels of $60 and $50.

In the other words, the price of Litecoin had been ranging in the last twelve days. Price is currently approaching the price of $57.85 as at the time of writing. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 35 which indicates the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Daily Price Forecast: August 24, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $60, $61, $62
Support Levels: $57, $56, $55

Yesterday, August 23, price of Litecoin was in a sideways trend. The LTC price has no price movement as the market was quiet. Yesterday, the market closed at a price of $55.71. Today, the price is still in a sideways trend. The cryptocurrency is currently trading at a price of $56.56 as at the time of writing.

The LTC price, for now, will be fluctuating between the levels of $60 and $50. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. the MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: August 23, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $60, $61, $62
Support Levels: $57, $56, $55

Yesterday, August 22, price of Litecoin was in a sideways trend. The price of Litecoin also fluctuates between the levels of $60 and $50. The LTC price reached the high of $59.43 and price pulled back to the low of $53.81. Traders should know that we can trade a cryptocurrency that ranges.

That is when a digital currency fluctuates between the key levels of a range bound zone. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 21, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $54, $55, $56
Support Levels: $52, $51, $50

Yesterday, August 20, price of Litecoin was in a sideways trend . Price of the cryptocurrency fell to the low of $55.78. Today, the LTC price is now in a downward trend, and the price has fallen to the low of $53.28. However, if the downward trend continued price of Litecoin would revisit the previous low of August 14. Traders should look out for buy setup as the price falls to the previous low.

Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 39 which indicates that price has reached the oversold region suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin has fallen to the low of $53.28 but it has begun a bullish movement to come to the previous high of the market. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Litecoin (LTC) Daily Price Forecast: August 20, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $59, $60, $61
Support Levels: $54, $53, $52

Last week the price of Litecoin was in a sideways trend. The LTC price was fluctuating between the levels of $56.71 and $62.07. The cryptocurrency fell to its low at $50.49 again and then resumed its range bound movement. Today, the price of Litecoin will continue its price movement within the levels of $60 and $50. If price breaks the previous low at $50, the cryptocurrency will further decline. Also, if price breaks the resistance at $60, the digital

Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a sell signal. Also, the price of Litecoin is at par the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the exponential moving average indicating price is in a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Aug 18, 2018

LTC/USD Long-term Trend: Ranging

Supply Zone: $65, $75, $85
Demand Zone: $60. $55, $45

The LTC/USD pair had been in a bearish trend in the month of August. The cryptocurrency has an opening balance of $77.53. In the bearish trend, the price fell to the low of $51.93 which is about 33% price decrease. The bulls are in control of price and the LTC price is currently trading at $61.14 as at the time of writing.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the price of Litecoin is falling. Nevertheless, the Relative Strength Index period 14 is level 36 which indicates that the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Daily Price Forecast: August 17, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $58, $59, $60
Support Levels: $54, $53, $52

Yesterday, August 16th, the LTC price was in a sideways trend. Yesterday, the market was  quiet for the price of Litecoin and there was no significant price movement. Today, the price of Litecoin is approaching the resistance level at $60. And the cryptocurrency is going to face resistance at the $60 price level.

If price didn't break the resistance level at $60, it will fall to the support level. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the exponential moving average indicating that price is rising. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Litecoin (LTC) Daily Price Forecast: August 16, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $58, $59, $60
Support Levels: $54, $53, $52

Yesterday, August 15th, the LTC price was in a bullish trend. The digital currencies rose from the low of $51.05 to the high of $58.73. However, the LTC price was resisted and the price fell to the low of $55.90. Since on August 12, the price of Litecoin has been fluctuating between the levels of $60 and $50.

Today, the LTC price will continue its fluctuations between those levels until they are broken by price.Today, the LTC price is currently trading at $56.78 as at the time of writing. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is ranging at a price of $54.88. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Litecoin (LTC) Daily Price Forecast: August 15, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $58, $59, $60
Support Levels: $54, $53, $52

Yesterday, August 14th, the LTC price was in a sideways trend. In the bearish trend, the price fell to the low of $51.05 and commenced a range bound movement. It was assumed that the cryptocurrency might fall again to its previous low at $40.10. Today, from its low, price of Litecoin has made a bullish movement to the high at $56.08. If the bulls overcome the resistance levels at $60 and $80, the cryptocurrency will reach the high of $100.

However, the price of Litecoin may likely fall if resisted at the $60 price level. From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 46 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. At a price of $50.44, the price of  the cryptocurrency had been ranged bound. However, LTC price is below the 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 14, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $58, $59, $60
Support Levels: $54, $53, $52

The LTC price was in a sideways trend yesterday and price fell to the low of $55.80. It was assumed that the cryptocurrency might fall again to its previous low at $40.10, if the downward trend continued. Meanwhile in the sideways trend price rose to the high of $60.15 and later fell to the low of $56.23.

Today, the LTC price has fallen to the low of $51.74 and it might reach the support level at $50. From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 23 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

From the 1-hour chart, the LTC price is in a downward trend. The price fell to the low of $50.44 are retracted to the high of $ 51.73. However, LTC price is below the 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 13, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $62, $63, $64
Support Levels: $58, $57, $56

Last week the price of Litecoin was in a bearish trend. In the downward trend, the price fell from the high of $74.29 to the low of $55.80 and made a partial bullish movement. Today, the LTC price is in a sideways trend at a price of $59.23 as at the time of writing. Price is likely to rise after the sideways trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone.

LTC/USD Short-term: Bullish

On the 1-hour chart, the LTC price is in a bullish trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are at par with  the zero line which indicates a neutral signal.


Litecoin (LTC) Long-Term Price Forecast: Aug 11, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $60, $62, $64
Support levels: $50, $48, $46

In the month of August 2018, the LTC price had been bearish. The price of Litecoin had an opening balance of $77.53 at the beginning of the month. However, the cryptocurrency was range bound between the levels of $91 and $74. Price had difficulty in breaking the $74 price level since the beginning of this year. However, in the last bearish breakout, the $74 price level was broken and the price fell to the low of $69.06. The LTC price is currently at $55.21 but it is approaching  the previous low of $50.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 35 which indicates the market is oversold suggesting bulls to take control of the market.


Litecoin (LTC) Technical Analysis: August 10, 2018

Steve Wozniak is challenging the blockchain community to build products that draw value while Charlie Lee is urging for Litecoin adoption. Depending on your interpretation, both are essential and should there be value then Litecoin must be used to settle payment. In the meantime though, sellers are in charge and our prior Litecoin (LTC) trade plan is solid as bears aim for $50.

News Highlights

Perhaps this incessant, investment draining bear market should be a leeway for investors, speculators and enthusiasts to reflect and even make use of what they are speculating on. This is exactly what Charlie Lee thinks and in his view, he’s advocating for mass adoption of Litecoin through Lite.im. Lite.im is a SMS-based service that allows users to transfer funds internationally without the need of central authority. Other than sending and receiving funds via SMS, users can view their coin balances and check incoming public addresses at their convenience straight from their mobile phones.

Talking of adoption and Apple co-founder Steve Wozniak is serious about meeting with blockchain figure heads. It must be noted that Steve Wozniak is among the first investors in the technology and Apple being one of his flagship projects, he is now challenging blockchain leaders and platforms to come up with innovative products that brings real value to users and investors. He is expected to deliver a speech during the Crypto Invest Summit scheduled on Oct 23, at Los Angeles.

Technical Analysis

Weekly Chart
Litecoin (LTC) Technical Analysis
Click here to see the full Litecoin Weekly Chart by Trading View

If we paste a simple Fibonacci retracement tool between 2017 high lows then we realize that Litecoin sellers have wiped out more than 85 percent of value after peaking at $420 mid-December 2017.

It’s really a tall order for buyers to make a comeback because more often than not, Fibonacci trading rules dictates that typical reversals should happen anywhere between the 50 percent and the 78.6 percent retracement level.

Well, prices are below the 78.6 percent mark and at this rate we might see LTC sellers reversing 2017 gains. There are two reasons for this assertions: first we can check the rate of depreciation and secondly, LTC sell momentum is so strong that in less than three months two key support levels at $110 and $70 were broken with ease.

As a matter of fact, the 20 percent week over week losses are pointers of sentiment and general trend direction.

Daily Chart
Litecoin (LTC) Technical Analysis
Click here to see the full Litecoin Daily Chart by Trading View

Thanks to Aug 8 depreciation and the six percent loss in the last 24 hours, LTC prices are now trending below our $20 trade range and $70 main support line.

Now, since our Litecoin (LTC) trade plan conditions have been met and the third phase of the general bear break out pattern that was set rolling after that break below $110 is live, we suggest shorting on every high with first targets at $50.

It’s a long shot but should there be a spike of buy pressure thrusting prices back to $70 or even $90, then we shall cancel this sell projection and wait for conclusive close above $90 before buying on dips.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: August 10, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $65, $66, $67
Support Levels: $60, $61, $62

Yesterday, August 9th, the price of Litecoin was in a sideways trend. The bearish trend took price to the low of $61.67 and the LTC price resumed a range bound movement. The LTC price is fluctuating horizontally at a price of $62. The range bound movement could produce another trend. Therefore,traders should not initiate any trade until the direction of the market is known.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 30 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term: Ranging

On the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 9, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $65, $66, $67
Support Levels: $60, $59, $58

Yesterday, August 8th, the price of Litecoin was in a bearish trend. The LTCUSD pair is another cryptocurrency that breaks out of a range bound zone but later fell to the low of $61.67 as at yesterday. The bearish pressure is temporarily suspended but the digital asset is in a sideways trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 25 which indicates that the market is oversold suggesting bulls to take control of the market. Since the market is oversold, the bearish pressure would be exhausted, traders should look out for buy setups to initiate long trades.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is falling because the price of the digital asset is below the 12-day EMA and the 26-day EMA. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 8, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $67, $68, $69
Support Levels: $65, $64, $63

Yesterday, August 7th, the price of Litecoin was in a sideways trend. The bears had broken the support level at $74  but price pulled back into the range bound zone. It is likely the LTC price will continue its range bound movement. However, today the bears have taken price to the low of $66.82. This is the first low since the beginning of this year. Traders should look out for buy setups to initiate long trades at the end of  price decline .

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 25 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicate that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 7, 2018

LTC/USD Medium-term Trend:Bearish

Resistance Levels: $75, $76, $77
Support Levels: $70, $69, $68

Yesterday, August 6th, the price of Litecoin was in a bearish trend which resulted in the  breaking of the range-bound zone. Later, price pulled back into the range bound zone. However, the cryptocurrency was making another attempt to retest the support level. Today, the LTC price has retested  the support level and it is now in a sideways trend at a price of $0.43.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicate that the bearish trend is ongoing. The relative strength index period 14 is level 40 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend:Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicate that price is a sideways trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 6, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $75, $76, $77
Support Levels: $70, $69, $68

Last week, the price of Litecoin was in a sideways trend fluctuating between the levels $91 and $74. On August 4th, the LTC price broke the support level at $74. LTC price is out of the range-bound zone. Today, the LTC price has fallen to the low of $72.88 and had commenced a bullish movement.The cryptocurrency is now targeting the previous high of $91.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Litecoin is below the 12-day EMA and the 26-day EMA which indicate that a bearish trend is ongoing. The relative strength index period 14 is level 47 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: Aug 4, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $78, $80, $82
Support levels: $74, $72, $70

The price of Litecoin is in a sideways trend in the month of July. The LTC price was range bound between the levels of $91 and $74. The cryptocurrency commenced trading at a price of $79.13 at the beginning of the month. It ranges from the high of $79.13 to the low of $74.20. Then price moves again to the high of $90 and back to $81.48.

This was the scenario created by the price of Litecoin as price fluctuates now and then. It was assumed that if the LTC price broke the support level at $74, price will fall to the low of $57. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price bars of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing.


Litecoin (LTC) Technical Analysis: August 3, 2018

Despite strong fundamentals and Litecoin (LTC) listing at different exchanges and payment providers, sellers are still in charge. Considering the pace of erosion, we might witness a break below main support at $70 today and in that case, our targets will be at $50.

News Highlights

  • According to Mati Greenspan, a Market Analyst with eToro which is a social trading platform, there is an undervaluation in Litecoin. His comments comes at the back of an in-depth research done by eToro which revealed that Litecoin is one of the most active coins in the world with a high number of trading volumes. That’s on top of their unrivaled daily active users (DAU) transacting using LTC to pay for their day to day items. On top of the popularity of the coin, the research concluded that while it doesn’t want to replace Bitcoin, Litecoin is keen on complementing it and being a Bitcoin “lab”, Litecoin development community is vibrant with an adaptable network.
  • com, previously known as Monaco, has plans of supporting Litecoin. Citing “same Vision”, Crypto.com users from would in coming days download the wallet, transact and monitor their trading activities on Crypto.com secure MCO wallet. Once the company completes their integration with their MCO Visa Card, users would freely spend their Litecoin online boosting coin adoption as a result.

  • Charlie Lee shall advise HTC on the development of the first crypto compatible coin, HTC Exodus. Of course, this is going to be revolutionary but what stands out is that Exodus shall support Litecoin and the Lightning Network with their easy to use and secure wallets acting as points of transaction.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin (LTC) Technical Analysis
Click here to see the full Litecoin Weekly Chart by Trading View

Even after four weeks of consolidation, buyers didn’t find enough momentum to tame these incessant Litecoin (LTC) sellers. As a matter of fact, what we now have is a huge bearish engulfing candlestick reversing the effort of buyers and cementing the strong bear trend we saw in May and June.

At current prices, Litecoin (LTC) is down 10 percent on a weekly basis but is likely to print more losses in coming days should we consider our trade plan.

From our technical analysis, we noted that Litecoin is range bound and for clear buys then we need to see bulls clearing $90. Conversely, sellers should be in charge once prices print below $70. This second condition might be met today or over the weekend.

Daily Chart
Litecoin (LTC) Technical Analysis
Click here to see the full Litecoin Daily Chart by Trading View

To reiterate, Litecoin (LTC) is trading within a clear bear break out pattern as highlighted in our previous Litecoin (LTC) technical analysis.

Now, we shall interpret recent failure of buyers to close above $90—which by the way spread out in the first three weeks of July—as a retest and the last five days of bears as trend resumption.

It’s for the same reason why I recommended selling when prices edge below $80 on July 30. However, while that might be the case and might actually go through in the next few days, conservatives should wait for conclusive close below $70 before selling on pull backs with overall first targets at $50.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: August 3, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels: $76, $74, $72

Yesterday, August 2nd, the LTC price was still in a bearish trend. The cryptocurrency is approaching the support level at $74 of the range bound zone. The market has been so quiet and there seems to be no significant price movement. However, the price at $74 is a critical support level which has not been broken since the beginning of this year.

Traders can initiate long trades and a stop loss at $52.74. From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 33 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

From the 1-hour chart, the LTC price is in a downward trend. The LTC price is below the 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 2, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $78, $80, $82
Support Levels: $76, $74, $72

Yesterday, August 1, the LTC price was in a bearish trend. The cryptocurrency fell the low of $75.94 which was the previous low of July,13. As a trader when the market is oversold you initiate a long trade in anticipation of a bullish trend. And besides, the LTC price is still at the bottom of the range bound zone. Since the cryptocurrency is ranging you exit your long trades at the resistance zone.

From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 45 which indicates that price is in the range bound zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The LTC price is above the 12-day EMA and 26-day EMA which indicates that the price is rising. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: August 1, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $78, $80, $82
Support Levels: $76, $74, $72

Yesterday, July 31, the LTC price was in a bearish trend. Despite the downtrend, the price of Litecoin is range bound between the levels of $90 and $74. The price of Litecoin reached the previous low of the market and resumes its sideways trend. It is likely that the LTC price will not break the support level of the range bound zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 28 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On 1-hour chart, the price of Litecoin is in a bearish outlook. The LTC price is below the 12-day EMA and 26-day EMA which indicates that a bearish trend is ongoing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


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

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $82, $84, $86
Support Levels: $78, $76, $74

Yesterday, July 30, the price of Litecoin was still in a sideways trend zone. The LTC price made no significant price movement yesterday. However, the price bars of Litecoin are moving in a horizontal pattern in the middle of the chart. This means that the bears and the bulls have no control of market over one another.

Today, the price of Litecoin is likely to continue its sideways trend. Meanwhile, the MACD line and the signal line are below zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that Litecoin price is falling. The Relative Strength Index period 14 is level 30 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On 1-hour chart, the price of Litecoin had been in a sideways trend. From the chart, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: July 30, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $85, $87, $89
Support Levels: $82, $80, $78

Last week price of Litecoin was already in a sideways trend fluctuating between the levels of $90 and $74. The LTC price made two attempts to break the support level of the range bound zone but without success. Again, the price also made an attempt to break the resistance level but was resisted. Today, the price of Litecoin will continue its range bound movement.

Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the Litecoin price is falling. The Relative Strength Index period 14 is 45 which indicates that price is in the sideways trend.

LTC/USD Short-term Trend: Ranging

On 1-hour chart, the price of Litecoin had been in a sideways trend. At first, LTC price was fluctuating at a price of $87 horizontally. Later the price fell to the low of $83 and resumed its range bound movement. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Litecoin (LTC) Long-Term Price Forecast: July 28, 2018

LTC/USD Long-term Trend: Ranging

Supply Zone: $85, $95, $105
Demand Zone: $80. $70, $60

The LTC/USD pair had been in a sideways trend in the month of July 2018. The cryptocurrency was range bound between the level of $90 and $74. On July 1, the price of Litecoin was $79.13 and the bulls took price to the high of $89.67. Later, the bears brought price to the low of $74.20. This has been the scenario in the month of July 2018. Presently, the price of Litecoin is currently trading at $83.83 as at the time of writing.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that the price of Litecoin is falling. Nevertheless, the relative strength index period 14 is level 41 which indicates that the price of Litecoin is in the sideways trend zone.


Litecoin (LTC) Technical Analysis: July 27, 2018

If anything, Litecoin price action has been slow and moving within an accumulation in the last 40 days. Though we are yet to see clear movements above $90, chances are Litecoin bulls might muster enough momentum today and thrust past this buy trigger line opening up $110. If not and LTC sellers set in, then we shall stick to our Litecoin trade plan and anticipate further sell pressure once we see close below $70.

From the News

It’s is now emerging that “it was a relief” for Charlie Lee to liquidate all of his Litecoins in February this year. During the Asian Blockchain Summit 2018 held in Taiwan, the Litecoin founder held an interview with a Chinese publication, Jinse where he divulged how he felt about his decision and how free he is now.

Of course, as a renowned developer and the founder of one of the largest coins in the world, selling his coins at peak was interpreted as a lack of confidence and soon after, it was a Litecoin meltdown with prices sliding to current rates. Many investors took a hit and some actually do blame him for triggering a 80 percent value depreciation.

Anyhow, since Lee is now drumming support for Litecoin and Bitcoin, it is good news when Litecoin hodlers see payment providers as Flexa jumping into the market and creating a “one-tap” cryptocurrency payment solution that will accelerate crypto adoption.

Aside from Flexa, we now have Skrill-formerly known as MoneyBookers-launching a new service for their customers to easily purchase cryptocurrencies from the more than 30 supported fiat currencies including the USD and GBP.

Though the service is available in 30 countries including the UK but excluding the US and Russia, interested and verified account holders would only buy, sell or hold cryptocurrencies but can’t transfer them to different accounts.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin Weekly Chart July 27
Click here to see the full size Litecoin Weekly Chart July 27

What we can see in this time frame is a bottoming market and that’s a big plus for Litecoin hodlers considering the markets has been on a slide for the past six months. As a matter of fact, Litecoin (LTC) is fairly stable but is still down four percent in the last week.

The reason is perhaps here in the chart. Notice that while we remain positive expecting Bitcoin resurgence to haul Litecoin and other altcoins, Litecoin is trending inside a consolidation and is still confined within week ending June 24 high lows.

Now, for bulls to be truly in charge then we must see movements backed by marked market participation above $100 and $110. Before then, we shall take a neutral to bullish stance initiating trades only when the markets say so.

Daily Chart
Litecoin Daily Chart July 27
Click here to see the full size Litecoin Daily Chart July 27

Like the weekly chart, LTC prices have been moving within a tight trade range in the last month or so. Well, we have clear demarcation as far as price action is concerned and from previous Litecoin analysis, $90 is an important resistance level. Not only does $90 mark July highs but any break above it might beckon short term buyers keen on retesting $110 and perhaps cancel this bear break out pattern.

Remember, we are technically trading inside a bearish break out pattern which was set rolling by June 10 high volumes break below $110.

Odds are, LTC buyers might edge past $90 today and once they do, buyers can load on dips with first conservative targets at $110. Ideal and safe stops would be at $80 for a nice 1:2 risk reward ratio.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: July 27, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $91, $93, $95
Support Levels: $85, $83, $81

Yesterday, July 26th, the price of Litecoin was still in a sideways trend. The LTC price fluctuates between the levels of $90 and $80. The fallen price is almost at the low of $80 price level. If price breaks the support level of the range bound zone, Litecoin price will find support at $74.01. Meanwhile, if the price holds at the support level, traders should initiate long trades and place a stop loss below the 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 below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is 39 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On 1-hour chart, the price of Litecoin is in a bearish trend. Nevertheless the MACD line and the signal line is below the zero line which indicates a sell signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: July 26, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $91, $93, $95
Support Levels: $85, $83, $81

Yesterday, July 25th, the price of Litecoin was range bound between the levels $90 and $80. As the LTC price fluctuates traders can trade the key levels of the market. For instance, we ought to have initiated a long trade at the support level where price reached the low of $80.83. and a stop loss below the support level. Then you take your partial profits near the resistance zone.

In the same vein, when the price gets to the resistance level you take a short trade and a stop loss above the resistance level. Then you exit your trade near the 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 the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is 57 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On 1-hour chart, the price of Litecoin was in a sideways trend. On the 1-hour chart, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that the sideways trend is ongoing.


Litecoin (LTC) Daily Price Forecast: July 25, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $91, $93, $95
Support Levels: $85, $83, $81

Yesterday, July 24th, the price of Litecoin was in a bullish trend. The cryptocurrency was in a downward trend the previous day but fell to the low of $80.83. Traders would have made partial profits if they had initiated long trades at the previous low of the digital asset. Price of Litecoin has made a bullish movement to the high of $89.22 as at the time of writing.

Meanwhile, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral 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. The Relative Rtrength Index period 14 is 66 which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On 1-hour chart, the price of Litecoin was in a bullish trend. Today the cryptocurrency is out of the range-bound zone as the digital asset breaks through the $85 price level. On the 1-hour chart, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: July 24, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $89, $91, $93
Support Levels: $85, $83, $81

Yesterday, July 23rd, the price of Litecoin was in a sideways movement. Yesterday, the cryptocurrency further depreciates to the low of $80.83. Price of Litecoin is making another bullish movement to the previous high. Meanwhile, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral 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. The relative strength index period 14 is 62 which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On 1-hour chart, the bulls took the price from the low of $81.97 to the high of $85.33. In the same day, the Bears took control and brought price to the low of $81.72. Today the cryptocurrency depreciates further to the low of $80.83.
Presently, the price of Litecoin fluctuates between the levels of $85 and $75. Traders should initiates trades if the price reaches the key levels of the range bound zone. That is you initiate a long trade at the support level of $75 while a short trade at the resistance level of $85.

Litecoin (LTC) Daily Price Forecast: July 23, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $85, $87, $89
Support Levels: $81, $79, $77

Last week the price of Litecoin was also in a bearish outlook. The cryptocurrency had a bullish trend that took price  to the high of $92.04. On July 21st, the price of Litecoin fell to the low of $79.66. Today, the digital currency has made another bullish movement to the high of $83.21. Price of Litecoin is now in a sideways trend.

Meanwhile, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral signal. Also, the 12-day EMA and the 26-day EMA are above the price of Litecoin which indicates that the bearish trend is ongoing. The relative strength index period 14 is Level 49 which indicates that price is in the sideways trend zone.

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 above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: July 21, 2018

LTC/USD Long-term Trend: Bearish

Supply Zone: $85, $90, $100
Demand Zone: $75. $70, $65

The LTCUSD pair had been on a downward trend in the month of June 2018. At the end of June, the cryptocurrency closed at a price of $79.54. In the month of July, the price of Litecoin has been fluctuating at the supply and demand levels. On July 13, the bulls took price to the high of $88.82 but the bears gradually brought price to the current market price of $81.73.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price bars of the cryptocurrency which indicates that the bearish pressure will continue. Nevertheless, the relative strength index period 14 is level 40 which indicates that the price of Litecoin is in the sideways trend zone.


Litecoin (LTC) Technical Analysis: July 20, 2018

In the last few days, Litecoin’s bull momentum has been waning allowing sellers to reverse gains. The result is that long upper wick but regardless, we still hold a Litecoin bullish stand expecting gains above $90 this week. That’s the only technical trigger allowing for further gains towards $110, $140 and $180 in the next few weeks.

From the News

All eyes will be on India today as a court hearing challenging the blanket ban by the country’s central bank on cryptocurrency related businesses begins. Even though the verdict will not be immediate considering the complexity of the matter, it is monumental not only for crypto exchanges whose businesses have been crippled but for the crypto sphere in India because then we shall know the government position.

As this is happening it’s important to notice that the court did ask the RBI to at least soften their stance. On their part exchanges were willing to open up to allow for oversight should it be required from them.

Overly though, exchanges in India remain positive and the whole blockchain community expect some sort of clarity that would open doors for further LTC and crypto demand in the world’s 3rd largest economy.

Litecoin-Cardano Flip While the market is expectant, Litecoin’s market cap continues to slide and is now down to seventh after being usurped by Stellar. It could even get worse for Litecoin because it is only $500 million away from being replaced by Cardano, a coin that’s exploding following direct endorsement from eToro. Besides, ADA end up being listed at CoinBase a fact that is giving it impetus.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin (LTC) Technical Analysis
Click here to see the full size Litecoin Weekly Chart by Trading View

Week ending June 24 bear candlestick is important in our analysis and it’s easy to see way. While we agree that we need to see strong reversal patterns before settling on buying, we must realize that should this week close as bulls then we would end up with a nice three bar reversal pattern, the Morning Star.

Thereafter, a confirmation next week accompanied by volume surges would most likely trigger the next bull wave above $110 and $180. However, before then, let’s see what price action has in store over the weekend. In any case, $70 is our main support from our previous LTC technical analysis and any close below it open doors for LTC depreciation towards $50.

Daily Chart
Litecoin (LTC) Technical Analysis
Click here to see the full size Litecoin Daily Chart by Trading View

At the daily chart, it’s classic case of effort versus result where July 16 and 17 bullish candlestick stands out. In the past three days buy momentum has been slowing down but still, LTC prices are yet to reverse Mon-Tue gains.

That’s important. And what’s more, there are hints of bull pressure in lower time frames if we take a look at today’s long lower wick.

Regardless, we need to see movement and for bulls to be in charge then they need to close above $90, our minor resistance line and buy trigger.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: July 20, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $85, $87, $89
Support Levels: $83, $81, $79

Yesterday, July 19th, the price of Litecoin was in a bullish trend. The cryptocurrency appreciated to the high of $92.04 but the price made a pullback to the low of $85.53. From the price action, the cryptocurrency is  still falling and reaching  the previous low of $ 81.90.

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. The relative strength index period 14 is 60 which indicates 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. The 12-day EMA and the 26-day EMA are above the price of Litecoin which indicate that the bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Litecoin (LTC) Daily Price Forecast: July 19, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $87, $89, $91
Support Levels: $83, $81, $79

Yesterday, July 18th, the price of Litecoin was in a bullish trend. The cryptocurrency appreciated to the high of $92.04 but price made a pullback to the low of $85.53. The price of Litecoin is outside the previous range bound zone of $85 and $75.

Meanwhile, the MACD line and the signal line are above the zero line which indicate 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. The relative strength index period 14 is level 53 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The 12-day EMA and the 26-day EMA are above the price of Litecoin which indicate that the bearish trend is ongoing. The MACD line and the signal line are at par with the zero line which indicate a neutral signal.


Litecoin (LTC) Daily Price Forecast: July 18, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $78, $80, $82
Support Levels: $74, $72, $70

Yesterday, July 17th, the price of Litecoin was in a bullish and sideways trends. The cryptocurrency fell to the low of $75.08 and commenced a range bound movement on July 10. Today, the bulls have broken the resistance level at $85 and price is expected to rise as shown by  the other indicators.

Meanwhile, the MACD line and the signal line are above the zero line which indicate a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicate that the bullish trend is ongoing. The relative strength index period 14 is 77 which indicates that the market is overbought suggesting bears to take  control of the market.

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 above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: July 17, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $85, $87, $89
Support Levels: $82, $80, $78

Yesterday, July 16, the price of Litecoin was in a sideways trend. The cryptocurrency was moving in a sideways trend while other digital currencies are in a bullish trend. The price of Litecoin was $82.54 at the close of business yesterday while it is $84.06 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 12-day EMA and the 26-day EMA are  below the price of Litecoin which indicate that the bullish trend is ongoing .The relative strength index period 14 is level 52 which indicates that price is in the sideways trend zone.

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 above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: July 16, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $82, $84, $86
Support Levels: $76, $74, $72

Last week, the price of Litecoin was in a bearish  and a sideways trend. The bearish trend commenced from the high of $83.90 to $75.08. Thereafter, the price went into a sideways trend. Today, the cryptocurrency is in a bullish trend. In a bullish market, traders are to buy low and sell high.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price bars of Litecoin are above the 12-day EMA and the 26-day EMA which indicate that the bullish trend is ongoing. The relative strength index period 14 is level 52 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin are  above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Long-Term Price Forecast: July 14, 2018

LTC/USD Long-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support levels: $74, $72, $70

The price of Litecoin had been in a smooth downward trend since May 2018 at a price of $169.40. The bulls had earlier taken price to the high of $169.38, on April 29 before the bears took control of the market and brought the price to the low of $79.13. According to the relative strength index period 14 is level 39 which indicates that the market is oversold suggesting bulls to take control of the market. From the price action, the market is consolidating at a price of $78.24 since the market is oversold. Traders may as well look out for buy setups so as to initiate long trades.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin indicating that the bearish trend is ongoing.


Litecoin (LTC) Technical Analysis: July 13, 2018

Charlie Lee is Unfazed by Litecoin Decline Says Adoption will Level Things out

Adoption is important for the success of Litecoin and that’s why they often go hard on marketing. They even have working site #PaywithLitecoin and recently Robinhood availed Litecoin to their clientele. All this will help improve Litecoin’s liquidity in the long term. This is the sole reason why Charlie Lee is not fazed by recent decline of Litecoin price believing that over the long term, prices will level out and snap back.

From the News

For some reasons, Litecoin and most crypto related businesses often find resistance from fiat banks. Perhaps it’s the nature of operation of cryptocurrencies which doesn’t bode well with the conservative nature of these banks. Like TokenPay, Litecoin Foundation couldn’t find a willing bank to open an account with and so they decided to buy a bank instead. It’s not a total acquisition per se but a clever agreement between TokenPay and Litecoin to cement and further their crypto objectives.

By buying a 9.9 percent stake at Munich-based WEG Bank AG, Litecoin Foundation plans to work from the inside out and make the bank more crypto friendly. Their intention is to make it possible for account holders to own both crypto and fiat accounts, launch Litecoin Debit Cards and create merchant payment solutions.

On the other hand, Litecoin will allow TokenPay to use their technology and in return, they shall help in developing and securing strong bonds between Litecoin Foundation and WEG Bank AG. Remember, TokenPay sold 9.9 percent of their previous stake to LF, bought an extra 9.9 percent and their plans of adding a further 70 percent holding is under review by BaFin, Germany’s financial regulator.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin (LTC) Weekly Chart July 13
Click here to see the full size Litecoin (LTC) Weekly Chart July 13

At this time frame, it’s clear as day that bears are in charge and trading within this nice bear break out pattern after week ending June 10 collapse below $110. Besides, $70 our immediate support line and sell trigger line is proving a nut to crack for sellers.

If prices don’t edge below it by end of this week then we shall have three weeks of retest and that may as well spur bulls to join in and push prices back to $110 completing the second phase of a break out pattern—the retest. Needless to say, time is gold and patience should be our main guide.

Daily Chart
Litecoin (LTC) Daily Chart July 13
Click here to see the full size Litecoin (LTC) Daily Chart July 13

In the daily chart, June 10 and 22 bear engulfing candlesticks stand out and in this trend, they guide our trading unless we see strong bulls reversing those losses. At the moment though, we note that LTC prices continue to oscillate within a $10 range between $90 on the upper side and $70 on the down side.

In any case we remain bearish and while I suggest selling for risk off traders, waiting for break out trade above $90 or below $70 is more prudent. We are net bearish and so any break below $70 means stops at $80 and targets at $50.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: July 13, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels: $74, $72, $70

Yesterday, July 12, the price of Litecoin was in a downward trend. The Litecoin price closed at a price of $75.53. Today, cryptocurrency is in a bullish movement and currently trading at $77.40. The bulls may face resistance at the $80 price level because it is a resistance level. If price breaks that level, the trend may change direction.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin indicating that the bearish trend is ongoing.The relative strength index period 14 is level 45 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are almost at par with the zero line.

Litecoin (LTC) Daily Price Forecast: July 12, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels: $74, $72, $70

Yesterday, July 11, the price of Litecoin was in a downward trend. Today, the cryptocurrency is still in a bearish trend after the sideways trend. During the downward pressure, the asset reached the low of $75.08 and later resumed its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin indicating that the bearish trend is ongoing.The relative strength index period 14 is level 39 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. That is the price is said to be moving horizontally. The price bars of Litecoin are trending horizontally while the exponential moving averages are neither above nor below the price of Litecoin. In addition, the MACD line and the signal line are neither below nor above the zero line which indicates a neutral signal.


Litecoin (LTC) Daily Price Forecast: July 11, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels: $74, $72, $70

Yesterday, July 10, the price of Litecoin was in a downward trend. The digital currency fell to the low of $75.08 but it made a pullback to the high of $77.53. Today, the price of Litecoin is still falling. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal.

In addition, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 33 which indicates that the market is oversold suggesting bulls to control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. From the chart, the price of Litecoin is in a sideways trend. That is the price is said to be moving horizontally. However, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price of bars of Litecoin which indicates that the bearish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: July 9, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $83, $84, $85
Support Levels:$81, $80, $79

Last week price of Litecoin was in a sideways trend. The cryptocurrency was fluctuating between the levels of $77.96 and $90.48. Today, price of Litecoin is falling to the support level. In a sideways trend, traders can trade the key levels of resistance and support. Presently, price of Litecoin is nearing the support level. Therefore, you initiate a long trade  as price tests the support level . Then a stop loss be placed below the support level.

You exit your long trades near the resistance zone. If price gets to the resistance level, you initiate a short trade and place a stop loss above the resistance level. Then you exit your short trades near the support zone. Nevertheless, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Also, the price bars of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend. Nevertheless, the relative strength index period 14 is level 44 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the short term trend, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price bars of Litecoin  are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


Litecoin (LTC) Long-Term Price Forecast: July 7, 2018

LTC/USD Long-term Trend: Bearish

Supply Zones: $90, $100, $110
Demand Zones: $70. $60, $50

Price of Litecoin was not left out in the downward trend . The cryptocurrency fell from the high of $118.90 at the beginning of June, to the low of $74.01 on June 29. The Litecoin price becomes stable above the $80 price level as it fluctuates between the levels of $74.01 and $ 90. If the bears break the support level at $74.01, it will further depreciate and fall to the lows of either $70 of $50.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price bars of the cryptocurrency which indicates that the bearish pressure will continue. Nevertheless, the relative strength index period 14 is level 40 which indicates that the price of Litecoin is in sideways trend zone.


Litecoin (LTC) Technical Analysis: July 6, 2018

In this coin, $110 is a key point and is important for our analysis. We are net bullish because of this week’s events and it would be better if Litecoin buyers had enough momentum today to push prices above $90, our buy trigger. That would open the door for further upsides as laid out in our trade plan.

From the News

It’s the nature of men to aim jabs at stuff they don’t truly understand. And this applies to most critics “flowing” with mainstream media. These media outlets have over time been known to be on the fore-front spreading FUDs and other digs that paints a negative picture of cryptocurrencies. More often than not, these critics would be all over the place, lack coherence as to why they can’t find value in cryptocurrencies.

We are seeing the same traits with Agustin Carstens, the General Manager of the Bank for International Settlement (BIS). This bank plays a key role in banking and we can say it is some sort of central bank for central banks around their world. Often, their official stand or assessment on tradable securities can either make or break it but not crypto.

Agustin has been recorded on several occasions referring to cryptocurrencies as a Ponzi scheme, a scam and that there is no need of people to reinvent money. He even draws examples from history saying:

creating money out of nothing has been a regular obsession in the past”.

But from what we have seen, Litecoin and other cryptocurrencies are proving to be useful utilities for people who want value and wary of authorities as central banks.

After the GFC, money printing and bailing out centralized institutions was the order of the day and that came at the expense of ordinary citizens. Litecoin is resistant to such influences and while it has no intrinsic value, it draws huge valuations since everybody trusts the system.

Litecoin (LTC) Technical Analysis

Weekly Chart
Litecoin LTC Weekly Chart July 6
Click here to see the full size Litecoin LTC Weekly Chart July 6

At this time frame, we won’t fail to notice that Litecoin has been on a downtrend since the beginning of the year. In fact by pasting a simple Fibonacci retracement tool between 22017 high low shows that the coin is down 80 percent from its ATHs. That’s not usual and is simply a deep correction which should there be a recovery, bulls might muster highs of $300 on the upper side.

Now, back to recent events and while odds of Litecoin closing as a bull this week is slim to none, it will be important if it does. First, that would mean a completion of a three bar bullish reversal candlestick, the Morning Star at key support line.

Secondly, prices would be trending above $90, a buy trigger line that is important for our analysis. This means-should our condition come to pass- next week hawks are free to search for buying opportunities and load with targets at $180.

Daily Chart
Litecoin LTC Daily Chart July 6
Click here to see the full size Litecoin LTC Daily Chart July 6

Despite Litecoin being down four percent in the last day, it’s still up 12 percent in the last week and that encouraging. We anticipate further gains should we want to see a confirmation of a bull recovery back to $110 and $180 through in the weeks to come.

Overly though, my suggestion is to stay neutral until after we see buyers breaching $90 today now that there seems to be a rejection of higher highs. After wards, we would recommend buying on dips with targets at $110, a main resistance line previous support in this bear break out pattern.

Stops would be at July 2 lows at 480. If not and we see losses below $70, then we shall trade with the general trend with stops at $80 and first targets at $50.

Author: Dalmas N


Litecoin (LTC) Daily Price Forecast: July 6, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $83, $84, $85
Support Levels:$81, $80, $79

Yesterday, July 5, price of Litecoin was in a bullish trend. We adopted the use of trend line tool as a means of determining the support levels to initiate long trades. But we cannot continue with the trend line because price of Litecoin has broken the trend line and the candlestick closed on the opposite of it. The implication is that the current trend is likely to reverse.

Therefore, we have to move along with the new trend to adopt another strategy.
From the chart, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 43 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. In the short term trend, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: July 5, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $85, $86, $87
Support Levels:$83, $82, $81

Yesterday, July 4, price of Litecoin was in a bullish trend. I suggested the use of trend line as a means of determining the support levels of price in a bullish market to initiate long trades. Trend lines can also be used to determine the end of a trend. Nevertheless, as the bearish candlestick retraces to test the trend line; the bullish candlestick moves higher highs to reach other price levels.

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 54 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the short term trend, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of the cryptoasset is rising as the price bars of Litecoin is above the 12-day EMA and the 26-day EMA.


Litecoin (LTC) Daily Price Forecast: July 4, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $86, $88, $90
Support Levels:$82, $80, $78

Yesterday, July 3, price of Litecoin was in a bullish trend. We drew a bullish trend line to enable us determine the support levels of Litecoin price. The understanding was that in a bullish trend if price retraces and tests the bullish trend line, then we can initiate a long order. Today, price is testing the bullish trend line but we have to wait for the bearish candlestick to close and a bullish candlestick opens before we can initiate a long trade.

Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 52 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The 12-day EMA and the 26-day EMA is above the price bars of Litecoin which indicates a bearish trend. The RSI period 14 is level 41 indicates that price is in the sideways trend zone.


Litecoin (LTC) Daily Price Forecast: July 3, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $90, $91, $92
Support Levels:$85, $84, $83

Yesterday, June 2, price of Litecoin was in a sideways trend. Today, the cryptoasset is now in a bullish trend. The cryptoasset had a breakout at the $80 price level which led to the high of $85.66. From the 4-hour chart, a bullish trend line is drawn showing the support levels of price. Traders should take a long trade if price retraces and touches the trend line. Then you place a stop loss below the trend line.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 51 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin is above 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. In the lower time frame, the MACD line and the signal line are above the zero line which indicates a buy signal.


Litecoin (LTC) Daily Price Forecast: July 2, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $80, $81, $83
Support Levels:$78, $77, $76

Last week, the LTC/USD pair was in a bearish trend. The cryptoasset was trading above the $70 price level last week. For instance, the price of Litecoin was trading at $80.26 on June 25 and it fell to its low at $73.27.

Later the cryptoasset made a bullish movement and closed trading at $79.54 on June 30. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 51 which indicates that price of Litecoin is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The LTC/USD pair is trending above the $70 price level horizontally. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Also, the price bars of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.


Litecoin (LTC) Long-Term Price Forecast: June 30, 2018

LTC/USD Long-term Trend: Bearish

Supply Zones: $90, $100, $110
Demand Zones: $70. $60, $50

For the entire month of June, the price of Litecoin had been on a downward trend. From the weekly chart, the exponential moving averages are trending southward and the candlesticks are all bearish. At a price of $125.43, the cryptoasset fell to the low of $74.19 and made a pullback above the price of $80. However, if the bears eventually break the previous low of $74.19, price of Litecoin will find support at $46.91. In the other words, the bearish pressure is not over.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price bars of the cryptoasset which indicates that the bearish pressure will continue. Nevertheless, the relative strength index period 14 is level 39 which indicates that price of Litecoin is nearing the oversold region of the market.


Litecoin (LTC) Daily Price Forecast: June 29, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $75, $77, $79
Support Levels:$70, $68, $66

Yesterday, June 28, price of Litecoin is still in a downward trend. Presently, price of the cryptoasset is approaching the previous low of $74.19. If price breaks the previous low of $74.19, the cryptoasset will find support at $46.91. But if the level is unbroken the cryptoasset will continue its range bound movement .

Presently, it ranges from the support level at $74.19 to the resistance level of $82.72. Traders can trade this ranging market. That is if price tests the support level, you take a long trade and place your stop loss below the support level. Then you exit your trade near the resistance zone.

On the other hand, if price tests the resistance level, you take a short trade, and place a stop loss above the resistance level. Then you exit your trade near the support zone.The MACD line and the signal are below the zero line which indicates a sell signal. Also, 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is continuing.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 30 which indicates that the market is oversold suggesting bulls to take control of the market.


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

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $80, $82, $84
Support Levels:$76, $74, $72

Yesterday, June 27, price of Litecoin was in a bearish trend. Today the cryptoasset is still in a downward trend according to the MACD indicator. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA  are above the price bars of Litecoin which indicates that the bearish trend is continuing.

Nevertheless, the bears were resisted at the low of $74.24 by the bulls yesterday. If the bears had broken the support level at $74.19, price of Litecoin would have found support at $46.91. The cryptoasset had continued its range bound movement. Nevertheless, the relative strength index period 14 is level 43 which indicates that price of the cryptoasset is still in the range bound zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 27, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $78, $80, $82
Support Levels:$74, $72, $70

Yesterday, June 26, price of Litecoin made a bullish movement to the high of $81.72 when the cryptoasset fell to the low of $74.19. However, the cryptoasset had been on a downward trend since June 22, when price of Litecoin fell to the low of $80. Meanwhile, if the downward trend continued and price breaks the support level at $74.19, then cryptoasset will find support at $46.91.

Nevertheless, the MACD line and the signal are below the zero line which indicates a sell signal. Also, 12-day EMA and the 26-day EMA  are above the price bars of Litecoin which indicates that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 32 which indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and 26-day EMA are above the price of Litecoin which indicates that the bearish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 26, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $82, $82, $86
Support Levels:$78, $76, $74

Yesterday, June 25, price of Litecoin had a bearish movement that brought price to the low of $74.19. The cryptoasset had made a bullish movement to the high of $81.72. However, if the asset continues with its bullish movement, long trades should be initiated.

A Fibonacci tool is attached to enable us to determine the support levels of the market. Nevertheless, when price of Litecoin retraces from the recent high, it will find support at one of  Fibonacci retracement levels.We should then place a long trade after the candlestick might have closed. Then a stop loss should be placed below the previous low of $74.19. Nevertheless, the relative strength index period 14 is level 44 which indicates that price is in the range bound zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, price of Litecoin is in a bullish trend. From the chart, the price of Litecoin finds support at the 38.2 Fibonacci level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 25, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86
Support Levels:$78, $76, $74

Price of Litecoin was in a bearish trend all through last week. The cryptoasset traded last week at a price of $ 95.80 then fell to the low of $ 82.53. The 12-day EMA and the 26-day EMA are trending southward indicating the bearish outlook. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal.

Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 38 which indicates that the cryptoasset is nearing the oversold condition of the market; suggesting the bulls to take control of the market.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the cryptoasset is in a bullish trend. The bulls took control of the market as price fell to its low at $ 79.19. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


Litecoin (LTC) Long-Term Price Forecast: June 23, 2018

LTC/USD Long-term Trend: Bearish

Supply Zones: $90, $100, $110
Demand Zones: $70. $60, $50

The LTC/USD pair had been in a bearish trend since the month of June, 2018. The cryptoasset was valued at $125.43 as at June 3, 2018, but has depreciated to the value of $85.12 as at today, June 23. This means that the price of Litecoin has lost 32.13% of its value. There are indications that price of Litecoin may continue its downward fall to the low of $50.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price bars of  Litecoin which indicates that the bearish pressure will continue. Nevertheless, the relative strength index period 14 is level 40 which indicates that price of the asset is in the sideways trend zone.


Litecoin (LTC) Daily Price Forecast: June 22, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $90, $92, $94
Support Levels:$86, $84, $82

Yesterday, June 21, price of Litecoin was in a sideways trend. As at yesterday, it traded and closed at a price of $96.28. From the 4-hour chart, MACD line and the signal line are neither above nor below the zero line indicating a neutral signal. Also, price of  Litecoin is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging.

However, bearish candlesticks had touched the lower band of the Bollinger Bands. The principle is that if price touches the first low of the Bollinger Band, it is a buy signal. Nevertheless, if price touches another low of the Bollinger Bands, then it is now a confirmation of the buy order. Nevertheless, the relative strength index period 14 is level 39 which indicates that the market is nearing the oversold condition suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a bearish trend. Also, on the 1-hour chart, MACD line and the signal line are below the zero line which indicate a sell signal. In addition, price of the asset is below the 12-day EMA and the 26-day EMA indicating that the bearish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 21, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday, June 20, price of Litecoin was in a sideways trend but closed trading at a price of $97.60. Price reached the top of the upper band of the Bollinger Bands and it fell. Bollinger Bands acts as a resistance  and a support in the market. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, price of the cryptoasset is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging. The relative strength index period 14 is level 50 indicates that price of Litecoin is in the range bound zone. The price of a cryptoasset is likely to continue its range bound movement between the levels of $100 and $90.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin rose and reached the upper band of the Bollinger Bands. Bollinger Bands acted as a resistance to the price and it fell. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 20, 2018

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday June 19, price of Litecoin was also in a bullish trend. The asset traded and closed at a price of $97.44. In yesterday's analysis, the MACD indicator indicated a neutral signal because of the price of the asset which is neither above nor below the moving averages.

Meanwhile, the MACD line and the signal  line are above the zero line indicating a buy signal. In addition, the price of the asset is above 12-day EMA and 26-day EMA which indicates that the  bullish trend is ongoing. The relative strength index period 14 is level 46 indicates that price of the asset is in the range bound zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. Price of the asset was in an upward movement. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the asset is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. In the 1-hour chart, the relative strength index period 14 is level 68 indicates that price of the asset is in the bullish trend zone.


Litecoin (LTC) Daily Price Forecast: June 19, 2018

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday, June 18, the price of Litecoin had a bullish movement. The asset rose to the high of $100 and was resisted by the bears. The price of Litecoin touched the upper band of the Bollinger bands and it fell. The asset fell back to its range bound zone. The range-bound zone was created since June 13 when the asset fell to the low of $90. The asset ranges between the levels of $90 and $100.

Meanwhile, the MACD line and the signal  line are neither above nor below the zero line indicating a neutral signal. Also, the 12-day EMA and 26-day EMA  are  neither above nor below the price of the asset indicating a neutral signal. The relative strength index period 14 is level 51 indicates that price is in the range bound zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. From the chart, the MACD line and the signal line are above the zero line indicating a buy signal. Also, price of the asset is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 18, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $94.50, $95.0, $95.50
Support Levels:$93.5, $93.0, $92.50

Price of  LTC/USD pair had its own share of the bearish trend. It was trading at $107.34 but it fell to the low of $91.06. From the price action, Litecoin made a bullish movement to the high of $101,59, after its fall from the low of $91,06. The asset is currently ranging between the levels of $105 and $90. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal.

In addition, the 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing. The asset is likely to reach its previous low at $90. Meanwhile, the relative strength index period 14 is level 37 indicates that the market is oversold suggesting bulls to take control of the market.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. From the chart, the MACD line and the signal line are below the zero line indicating a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price of the asset  indicating that the bearish trend is ongoing. Meanwhile, price has touched the lower Bollinger band on the first and second low thus giving a buy signal. Traders can initiate buy setups at the support level.


Litecoin (LTC) Long-Term Price Forecast: June 16, 2018

LTC/USD Long-term Trend: Bearish

Supply Zones: $100, $105, $110
Demand Zones: $90. $85, $80

The price of Litecoin is in a bearish trend. The asset had a similar behavior with other cryptocurrencies. Price of Litecoin was trading at $125.43 at the beginning of June 2018. But it fell to its low at $95.77 as at the time of writing. Traders should look for buy setups at the support level of $90 to initiate long trades, if the bearish pressure is over. Price of the asset is currently trading at above the $95 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are neither above nor below the price of the asset. Incidentally, this is a neutral signal. What we expect from the MACD indicator is whether the bearish trend or bullish trend will continue. The relative strength index period 14 is level 41 indicates that price of the asset is in the sideways trend zone.


Litecoin (LTC) Daily Price Forecast: June 15, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday, June 14 , price of Litecoin commenced its bullish movement after it fell to the low of $91.06. But the bullish movement took price to the high of $98. Price of Litecoin is expected to reach the highs of $107 and $120 as the bullish trend commences. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal.

In addition, 12-day EMA and the 26-day EMA are neither above nor below the price of the asset which is a neutral signal. The indicator is undecided about the direction of the trend. Meanwhile, the relative strength index period 14 is level 43 which indicates that the price of the asset is in the range bound zone. Traders are to look for buy setups at the support level so as to initiate long trades. The market had been oversold previously. We are to buy low and sell high.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. From the chart, the MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the asset is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 14, 2018

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $98, $100, $102
Support Levels:$94, $92, $90

Yesterday, June 13, price of Litecoin fell to the low of $91.06. It was assumed that the asset might reach the low of $77. Presently, the asset is making a bullish movement and appreciating in value. Today, the MACD line and the signal line are below the zero line indicating a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin indicating that the bearish trend is ongoing.

However, a bearish trend line is drawn across the price bars of Litecoin to determine the end of a bearish trend. The bearish trend is assumed ended if price breaks the trend line and the candlestick closed on the opposite of the trend line. Meanwhile, the relative strength index period 14 is level 35 indicates that the market is nearing the oversold condition.Traders are to look for buy setup to initiate long orders as soon as the downtrend is ended.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a downtrend. On the lower time frame, the 12-day EMA and the 26-day EMA  are neither above nor below the price bars of Litecoin indicating a neutral signal.


Litecoin (LTC) Daily Price Forecast: June 13, 2018

LTC/USD Medium-term Trend: Bearish

Resistance: $100, $102, $104
Support:$96, $94, $92

Yesterday, June 12, the price of Litecoin is said to be one of the most stable cryptocurrency as there was no price movement. However, the asset has fallen below the $100 price level. This will be the first in six months price will be breaking below the $100 price level. Yesterday, the MACD line and the signal line indicated a sell signal and that the bearish trend was ongoing.
Today, the MACD line and the signal line are below the zero line indicating a sell signal.

Also, the 12-day EMA and the 26-day EMA are above the price bars of Litecoin indicating that the bearish trend is ongoing. However, if the bearish trend continued the asset might fall to its previous low at $77. Meanwhile, the relative strength index period 14 is level 25 indicates that the market is oversold suggesting bulls to take control of the market. Traders should look for buy setups as the asset makes its final slide down.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a bearish trend. Price of Litecoin is still a sell order because of the 12-day EMA and the 26-day EMA that are above the price bars of Litecoin.


Litecoin (LTC) Daily Price Forecast: June 12, 2018

LTC/USD Medium-term Trend: Bearish

Resistance: $108, $109, $110
Support:$106, $105, $104

Yesterday, June 11, price of Litecoin fell to the low of $104.75. Yesterday, the MACD line and the signal line were below the zero line indicating a sell signal. Also, 12-day EMA and 26-day EMA were above the price of the asset indicating that the bearish trend was ongoing. Litecoin is presently trading at $104.84 as at the time of writing.

However, from the chart, the price of Litecoin is one of the most stable cryptocurrency. After the bearish breakout, the asset has not made any price movement. However, today, the MACD line and the signal line are still below the zero line indicating a sell signal for the asset. Whereas, the 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a sideways trend according to price action. Although, the MACD line and the signal line are deep below the zero line indicating a sell signal. In the lower time frame, the exponential moving averages are neither above or below the price bars of the asset indicating a neutral signal.


Litecoin (LTC) Daily Price Forecast: June 11, 2018

LTC/USD Medium-term Trend: Ranging

Resistance: $108, $109, $110
Support:$106, $105, $104

Last week, price of Litecoin was also in a ranging market. Price of the asset was fluctuating between the levels of $119 and $123. However, it was suggested that if the asset fell to its previous low at $115, traders should initiate long trades. Litecoin is presently trading at $107.75 as at the time of writing.

However, from the 4-hour chart , the asset has fallen to the low of $104.75 . This was the previous low of the asset, and price has commenced a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal . Also, 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a bearish trend. Price of the asset has fallen to the low of $102.77 but has commenced a bullish movement. The MACD line and the signal line are deep below the zero line indicating a sell signal. If the bearish pressure continued the support levels would be breached.


Litecoin (LTC) Long-Term Price Forecast: June 9, 2018

LTC/USD Long-term Trend: Ranging

Supply Zone: $125, $130, $135
Demand Zone: $115. $110, $105

Price of Litecoin had been ranged bound after the price of the asset fell to the low of $120. Litecoin had been stable because the asset fluctuated below and above the price of $120. However, before the range bound movement, the price of the asset had fallen from the high of $149.40 to the low of $118.90. Meanwhile, the MACD line and the signal line are below the zero line indicating that the asset is a sell signal. In addition, 12-day EMA and the 26-day EMA are above the price of Litecoin indicating that the bearish trend is ongoing.

However, since the asset is ranging, we ought to establish the levels within which the asset is ranging. Price of Litecoin is ranging from the resistance level at $130 to the support level at $110. Nevertheless, because of a possible breakout, we make use of pending orders. At the resistance level, you place a buy stop order and a stop loss above the resistance level. Then at the support level, you place a sell stop order and a stop loss below the support level.


Litecoin (LTC) Daily Price Forecast: June 8, 2018

LTC/USD Medium-term Trend: Ranging

Resistance:$121, $123, $125
Support:$117, $115, $113

Yesterday, June 7, price of Litecoin was in a bullish trend. Price of the asset had been stable above the $120 price level. The asset was expected to reach the high of $130 but might face resistance at the price of $125. Meanwhile, the MACD line and the signal line were above the zero line indicating a buy signal. Litecoin is presently trading at $119.53 as at the time of writing.However, from the chart, price of Litecoin has fallen to a sideways trend.

On June 7, price of the asset reached the high of $122.94 and was resisted by the bears. The asset is currently trading below the $120 price level. Price may likely fall to the previous low of $118.55. Today, the MACD line and the signal line are almost at par with the zero line indicating no signal. The 12-day EMA and the 26-day EMA are neither below or above the price of Litecoin. This implies that the asset is in a sideways trend.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, price of Litecoin is in a sideways trend. The price bars, the 12-day EMA and the 26-day EMA are trending horizontally. Traders should abstain from trading until the price action is evenly apart between the resistance level and the support level.


Litecoin (LTC) Daily Price Forecast: June 7, 2018

LTC/USD Medium-term Trend:Bullish

Resistance:$124, $126, $128
Support:$120, $118, $116

Yesterday, June 6, price of Litecoin has been stable at the price of $120. However, the price of the asset is now trading above the $120 price level. It was assumed that if the bulls sustain hold on the $120 price level, traders can initiate long trades above the price level. Meanwhile, the MACD line and the signal line were above the zero line indicating a buy signal. Price of the asset was above the 12-day EMA and 26-day EMA indicating that the bullish trend was ongoing. Litecoin is presently trading at $122. 50 as at the time of writing.

Today, price of Litecoin is still in a bullish trend. The MACD line and the signal line are above the zero line indicating a buy signal. The bullish trend is ongoing because the price of Litecoin is above the 12-day EMA and 26-day EMA. Price of the asset is expected to rise to the high of $130 but it might face resistance at the price $125.

LTC/USD Short-term Trend:Bullish

On the 1-hour chart, price of Litecoin is in a bullish trend. The MACD line and the signal line are above the zero line indicating a buy signal. In a bullish trend , traders can buy at low and sell at high.


Litecoin (LTC) Daily Price Forecast: June 6, 2018

LTC/USD Medium-term Trend:Bullish

Resistance:$124, $126, $128
Support:$120, $118, $116

Yesterday, June 5, Litecoin was in a sideways trend. The MACD line and the signal line were below the zero line and they indicated a sell signal. It was assumed that if price of Litecoin falls and the $114.55 level was broken, the asset would further nosedive to the low of $109. On the other hand, if price holds, and the resistance level was broken, the asset will reach the high of $130. Litecoin is presently trading at $120.35 as at the time of writing.

However, from the weekly chart, price of Litecoin was stable and the price increase was insignificant. Meanwhile,the MACD line and the signal line are above the zero line indicating a buy signal. Price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing. Traders can initiate long positions at the $120 price level if the bulls sustain hold at that level.

LTC/USD Short-term Trend:Bullish

On the 1-hour chart, price of Litecoin is in a bullish trend. The MACD line and the signal line are above the zero line indicating a buy signal. The 12-day EMA and 26-day EMA are below the price of the asset indicating that the bullish is ongoing.


Litecoin (LTC) Daily Price Forecast: June 5, 2018

LTC/USD Medium-term Trend: Ranging

Resistance: $118 , $120, $130
Support: $116, $114, $112
Yesterday, the LTCUSD pair was in a bullish market. According to the MACD indicator, the MACD line and the signal line were above the zero line indicating a buy signal. From the 4-hour chart, price of Litecoin was above the 12-day EMA and 26-day EMA indicating that the  bullish trend was ongoing. However, Litecoin is presently trading at $116.67 as at the time of writing.

From the 4-hour chart, price of the asset is ranging. However, the MACD line and the signal line are above the zero line indicating a buy signal. Nevertheless, if price of Litecoin falls and breaks the level at $114.55, the asset will nosedive to the low of $109. And, if the level holds and price breaks the resistance  at the rectangular block then the asset will reach the high of $130. Traders are expected to initiate long positions if price level holds.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a bearish market. The MACD line and the signal line are below the zero line indicating a sell signal. The 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing.


Litecoin (LTC) Daily Price Forecast: June 4, 2018

LTC/USD Medium-term Trend: Bullish

Resistance: $124 , $126, $128
Support: $120, $118, $116
Last week, price of Litecoin had been under a bearish pressure. The asset was trading above the price of $100 but unable to reach the high of $120 since last week. From the 4-hour chart, price of Litecoin is above the 12-day EMA and 26-day EMA indicating that the asset is bullish. Also, the MACD line and the signal line are above the zero line indicating a buy signal. Nevertheless, note that the bearish trend of the asset might have ended. Price of Litecoin broke the bearish trend line and the candlestick closed on the opposite of the trend line. However, if the current trend is sustained price of the asset will reach the highs of $130 and $140.

LTC/USD Short-term Trend: Bullish