• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision

Litecoin Price Technical Analysis for 15/4/2015 – Pullback Time

NewsBTC by NewsBTC
8 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement

After a spike down to 1.00 last week, litecoin has been drifting lower. The 1H chart shows the cryptocurrency “chewing up” the tail made by the spike.

Litecoin (LTCUSD) 1H Chart April 15
litecoin 1h chart April 15
(click to enlarge)

Here are some observations on the 1H chart:
1) Price action and the 200-, 100-, and 50-hour simple moving averages reflect a persistent bearish market.
2) The RSI has been tagging below 30 and holding under 60, which reflects persistent bearish momentum. That is, until the April 15th session.

During the April 15th session, ltcusd found support at 1.32. It formed an intrasession double bottom and price rallied to start the global April 16th trading session. The 1H RSI has broken above 60, which reflects loss of the prevailing near-term bearish momentum. This development suggests its pullback time.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

In the near-term, if the RSI pushes above 70 and price reaches the central mass of the previous consolidation range, which would be around 1.47, we should look out for resistance. If we do see resistance, and the RSI turns back below 70, get ready for a bearish continuation attempt. We should limit the current bullish outlook to a maximum of 1.50, IF we believe that litecoin is still bearish.

Litecoin (LTCUSD) 4H Chart April 15
litecoin 4h chart April 15
(click to enlarge)

In the 4H chart, we can see that around 1.50, perhaps just a tad higher, there is a falling speedline from last week. We will also see the rally challenged by the 50-period SMA. Meanwhile, as the 1H RSI pushes above 70 and stalls, we should also monitor the 4H RSI to see if it will stall around 60. If this happens, the short to medium-term bearish momentum would still be in play and we can expect the bearish continuation attempt to pressure the current low at 1.37.

With the prevailing trend since 2014 still bearish, we should not consider the bullish outlook until price has pushed above 1.73. On the other hand, we should anticipate further decline towards the parity level. However, we should anticipate some choppiness if price does approach 1.00 because the last time here, we saw a violent reaction.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Previous Post by Author: Litecoin Price Technical Analysis for 14/4/2015 – Another Breakout

Tags: altcoin market analysiscryptocurrencylitecoinlitecoin valueltc/usdmarketsNewstrading
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

XRP

XRP Might Target $0.50 If It Continues To Trade Above This Level

8 hours ago
litecoin rally

Why Litecoin Could Be Gearing Up For Its Greatest Rally Since 2017

11 hours ago
NEO

NEO Token Surges 5% In Last 24 Hours Despite Market Downtrend

13 hours ago
Cardano Rally

Cardano (ADA) Price Saw Technical Breakout: Big Reaction From Bulls Imminent

23 hours ago
Ethereum

Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands

1 day ago
Bitcoin

Bitcoin Price Trims Losses But Remains In Range, What Could Trigger Fresh Rally

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Whatever Happened To Bitcoin Cash? – Learn Why Avorak AI and Other AI Crypto Are Surging

March 24, 2023

Avalanche Price Prediction: are AVAX and TOADS ready to 10X?

March 24, 2023

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

The Best Altcoins To Get In Early 2023: TMS Network (TMSN), TRON (TRX) and Mask Network (MASK)

March 24, 2023

The Web3.Conference will gather Web3 builders & creators this May in Amsterdam

March 24, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.