Litecoin (LTC) completed a rounding bottom formation when it broke and closed above the overhead resistance at $225.30. The price quickly picked up momentum and rose to the psychological barrier at $300 where the bears mounted a stiff resistance. The altcoin has been correcting for the past few days but the 20-day EMA ($224) has started to turn up and the RSI is just below the overbought zone, indicating that bulls have the upper hand. If the price turns up from the current level or rebounds off $225.30, the buyers will attempt to resume the uptrend. A break and close above $300 could open the doors for a further rally to $340. The bears are likely to have other plans as they will try to pull and sustain the price below the breakout level at $225.30. If they can pull it off, the LTC/USDT pair may drop to the 50-day SMA ($192). The 4-hour chart shows that the pair is trading inside a falling wedge pattern. The 20-EMA has flattened out and the RSI is near the midpoint, indicating a balance between supply and demand. This equilibrium could tilt in favor of the bulls if they push and sustain the price above the wedge. The pair could then rise to $280 and later to $295.70. This level may act as a stiff resistance but if bulls overcome this hurdle, the pair could rally to the target objective at $302.10. Alternatively, if the price breaks below the 50-SMA, the selling could intensify and the pair may drop to the strong support at $225.30.
September 6, 2021
The bulls are attempting to push and sustain Litecoin (LTC) above the overhead resistance at $225.30. If they succeed, it will complete a rounding bottom pattern that may start a new uptrend. The long wick on the Sep. 4 candlestick showed selling near the overhead resistance but the positive sign is that bulls did not cede much ground. They are again attempting to overcome the overhead hurdle. If they can sustain the price above $225.30, the LTC/USDT pair could start an up-move to $300 and later to the pattern target at $347.30. The rising 20-day EMA ($184) and the RSI in the overbought zone indicate the path of least resistance is to the upside. This bullish view will invalidate if the price turns down from the current level and breaks below the 20-day EMA. The 4-hour chart shows the bears tried to stall the up-move at the overhead resistance at $225.30 but the bulls did not give up much ground. This suggests that buyers continue to accumulate on any minor dip. Both moving averages are sloping up and the RSI is in the overbought zone, indicating that bulls are in command. A break and close above $225.30 could open the doors for a rally to $250.40. Conversely, a break and close below the 20-EMA will be the first sign of weakness.
August 10, 2021
Litecoin (LTC) broke and closed above the $146.54 resistance on Aug. 6, completing a double bottom pattern. If bulls sustain the price above the breakout level, it will suggest the start of a new uptrend. The RSI is in the positive zone and the 20-day EMA ($140) has been moving up gradually, indicating that bulls are at an advantage. If the price turns up from the current level or the 20-day EMA, the LTC/USDT pair could rally to the pattern target at $189.25, which is just below the 200-day SMA ($190). Contrary to this assumption, if bears pull the price back below the 20-day EMA, it will suggest that the current breakout was a bull trap. The pair could then drop to $120 and then to the critical support at $103.83. The 4-hour chart shows that the bulls pushed the price above the stiff overhead resistance at $150 but are struggling to sustain the higher levels. The bears are attempting to pull the price back below the breakout level. If they manage to do that, the pair could slide to $135. Conversely, if the price rebounds off the current level, the bulls will attempt to resume the uptrend. The next target objective on the upside is $165 and then $180.
August 17, 2020
Recently, a virtual debit card Visa with native support for Litecoin was launched, its issuer was BlockCard.
May 7, 2020
LTC is always perched in an uncertain position. It may be because crypto enthusiasts are unsure if LTC has lasting power in the crypto market, but it either gets weak support or strong buying action. Lately it’s been enjoying strong buying action, but it may be due to its use as a BTC hedge. The last time we saw this much interest in LTC, it rose from $20 to over $300. It will be interesting where this current trend lands LTC. For those that bought in at its 2018 lows, they’re enjoying well over 2x valuation, which has significantly outperformed both BTC and ETH.
October 15, 2019
I got caught up in the greed trap when trading Litecoin this summer. I had bought a batch of LTC back in May when the price was at around $60 - $70. As we all remember, the crypto market went on a nice bull run, which lasted for about three months, running its cause at the tail end of August. I held Litecoin right through its peak price of $140 and then its first downward movement to $90, expecting the price to bounce back and continue its move to $200. So, now I am stuck with Litecoin for a long time.
September 10, 2019
Litecoin has been my second favorite cryptocurrency, after Bitcoin of course, for quite a long time. It has great fundamentals; Litecoin Foundation landed some sweet sponsorship and partner deals this year with various sports organizations, and it has just passed the halving. We already witnessed the first LTC halving. Back then, the price took some time to consolidate and then simply exploded to $300+. It is my firm belief that history will repeat itself. Watch out for $200 per LTC by the end of the year.
April 14, 2019
Litcoin has been the best performer in the whole crypto market. It’s insane how much money you could have made by buying the bottom. You could literally already be over 3x from its bottom about 4 months ago. How can anyone that knows crypto not be heavily vested in LTC. This coin is basically BTC-lite and it’s transaction speeds are super fast. They’re nearly triple that of BCH and BTC, making it the more viable option as a day-to-day spendable currency. It’s crazy that people thing that BTC will ever used as a day to day transaction currency since its so slow. No one in the financial market would ever look at it as a replacement of their traditional system. There’s just no way. LTC on the other hand is the better alternative.
March 25, 2019
I still don't understand how Litecoin is so high on the CMC rankings. LTC is just a smaller version of BTC, and BTC is already the best crypto out there. Why is it that LTC still holds so much value? It's a bit faster but as lightning network becomes more robust BTC will power right past LTC in terms of transaction speed. I'm not a maximalist or anything, I just don't see the relevance of LTC anymore.
March 7, 2019
Litecoin has been one of the best performs beside BNB coin. This week it's already grown 25%. This shows that the high value coins are in demand and we are more than likely to see a bull run of top coins like BTC and ETH. Once this happens, the majority of profits from these big caps will flow into the top 3 coins. Once this happens we will see a repeat of 2017 and early 2018.
February 24, 2019
Litecoin led the bull a few weeks ago and that signaled the current trend. LTC is going to benefit once the market takes off considering its overall recognition in the whole crypto market. Everyone knows LTC, and we all saw what happened in 2017 when it found its legs!
December 2, 2018
Cryptocurrencies are replacing Fiat at an increasing rate. It is still an early stage, but for 10 years you will be able to pay all your bills, goods and services with cryptocurrencies.
August 27, 2018
Over the weekend the crypto-currency market as a whole showed almost lateral dynamics. The market took a pause and in the coming days should decide on the direction of its further movement. Now the key points are formed on the charts, and it is not yet clear whether they will eventually become reversal points, or they will be continuation points, so we follow the dynamics and at the same time are getting ready to join the game if the line of least resistance for the price movement unfolds up.
January 23, 2018
The bears are ruling Litecoin (LTC) today, driving the price to $123 - last time we could see that in the beginning of December. On big timeframes MACD and Alligator signal just the start of a coming downtrend, however, I see fixing the profit from short positions now as a good opportunity. I would open long positions only if the price is steadily above the key resistance level $200, and - if $230 turns to be too much for the bulls - will short on the rebound, at $217.
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