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Litecoin (LTC) Risks Another Brutal Downtrend If Bitcoin (BTC) Nosedives

Litecoin (LTC) is profiting off the relief rally in Bitcoin (BTC) at the moment. Although we can see on the 4H chart for LTC/BTC the pair has been the victim of a brutal downtrend since mid-2019, just when things are bad does not mean that they cannot get worse. This applies perfectly to the cryptocurrency market because most of these coins are paired to Bitcoin (BTC). If BTC/USD goes up, they go up and vice versa. The 200 moving average on the 4H chart for LTC/BTC is a very important resistance level to watch. Should the pair break above this...

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Binance Futures Introduce New Litecoin Derivative Product

  A new Litecoin derivative product has been disclosed by one of the biggest crypto platforms in the space, Binance. The LTC protocol is showing different bullish signs that could set it up for even more bullish highs.   A new Litecoin derivative product has been disclosed by one of the biggest crypto platforms in the space, Binance. The LTC protocol is showing different bullish signs that could set it up for even more bullish highs. Litecoin & Binance Yesterday, Binance announced the news that they are getting ready to release Litecoin perpetual contracts which are set to be leveraged...

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4 January 2020 - LTC/ GBP – Weekly

In this Weekly chart of Litecoin/ British pound (LTC/ GBP), there is a depreciating range from 88.67 to 37.05. We can observe that the market then appreciated to the 51.90 level (identified by the red down arrow), above the 49.23 area that represents the 23.6% retracement of the depreciating range. This 51.90 level was also above the 14-bar Simple Moving Average, which was indicating around the 50.19 area. The market had been trading below the 14-bar Simple Moving Average since July 2019. We can observe that the market then depreciated to the 27.63 level. Using RSI, we can observe that...

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Sally Ho's Technical Analysis 29 December 2019 LTC BCH

Litecoin (LTC/USD) extended recent buying pressure early in today’s Asian session as the pair continued to orbit the 42.00 figure after trading as high as the 42.46 area during yesterday’s Asian session. The pair has recently traded around the 50-bar MA (4-hourly), and recently tested the 100-bar MA (4-hourly) about three times before declining back below.  The 36.81 level was a major downside price target related to the August high of 107.12 and the markets recently absorbed this level when they pushed the pair as low as the 35.88 area. Since then, the markets moved higher to the 42.69 area...

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Augusts Dust Attack Still Looms On Litecoin Network

Franklyn Richards has seen the Litecoin network activity and cited it reminds him of the August dust attack. In a recently published blog post, Richards goes onto describe a pattern emerging among some of the active Litecoin network addresses.  The product developer made some predictions and comments on the current state of affairs Franklyn Richards, the product developer for both Bitcoin and the Litecoin project since 2013, has seen the latter’s current network activity and cited that it reminds him of the August dust attack on the platform. In a recently published blog post, Richards goes onto describe a pattern...

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