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Litecoin (LTC) Likely To Fall Back To $70 As Price Forms A Double Top

Litecoin (LTC) has topped out and is now at risk of a major decline that could pull its price back to $70 in the days ahead. The RSI as well as the PPO indicator on the 4H chart for LTC/USD point to the likelihood of a strong decline in the near future. The halvening hype has kept Litecoin (LTC) at center stage in the altcoin market despite the fact that Litecoin (LTC)’s future prospects are diminishing with every passing day as Bitcoin (BTC) gets closer to becoming faster and cheaper. We might soon see Bitcoin (BTC) doing all that Litecoin...

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Litecoin: New LTC Partnership Can Help Boost Mainstream Adoption

When it comes to mainstream adoption, the process is a very slow one. It will most likely be a decade or more until we can see the impact that cryptocurrency has on mainstream applications and businesses. One thing is for sure, is that a lot of crypto enthusiasts are eagerly anticipating the day when it happens. Looking outside of Bitcoin, Litecoin is one of the biggest digital assets in the space which is seemingly doing a lot for mainstream adoption. Most recently, the creator of Litecoin, Charlie Lee has made waves with the blockchain-based hotel booking platform, Travala.com. So, despite...

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Litecoin (LTC) Finds Support At 50 Day MA But The Bears Are Taking Over

Litecoin (LTC) has found support atop its 50 day moving average but the near term outlook looks very bleak. In fact, if LTC/USD falls below the 50 day MA, it will crash hard as there is nothing much to stop it from such a decline. The price might find support at the 61.8% Fib extension level but it is likely to fall further eventually. Litecoin (LTC) rallied mostly on hype surrounding its next halvening event in August. What most investors do not realize is that a lot could happen between August and now. The bulls have been confident for far...

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Sally Ho's Technical Analysis 8 May 2019

Bitcoin Bitcoin (BTC/USD) was volatile early in today’s Asian session as the pair came off to the 5656.26 area, just above the 5650.01 level that it has bounced above several times in recent trading sessions. During yesterday’s European session, the pair raced higher to the 5974.51 level, its strongest showing since 14 November 2018. Price faded during yesterday’s European and North American sessions after stopping short of testing the psychologically-important 6000 area. Traders are paying very close attention to how BTC/USD reacts on pullbacks. Chartists are eyeing some new retracement levels including 5581.93/ 5463.76/ 5345.58, related to the 4963.00 –...

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Litecoin (LTC) Is One Move Away From Being In Free-fall

Litecoin (LTC) investors are still too optimistic about the upcoming halvening event in August. However, what most of them do not realize is that a lot could happen between now and August. It is clear that this hype cycle has run too far and LTC/USD has profited enormously off it. To be more precise, the whales that orchestrated this rally likely profited off the most because they just pumped the price at each point and the overly excited retail bulls took it from there. The daily chart for LTC/USD shows the kind of growth we have seen during the past...

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