• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
<>
Sensei Inu Logo

Litecoin Price Technical Analysis for 9/4/2015 – Falling Channel

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

Litecoin has been bearish this week after failing to push above 1.72. The 1H chart shows ltcusd declining within a falling channel.

Litecoin (LTCUSD) 1H Chart April 9th
litecoin 1h chart april 9
(click to enlarge)

Also, we can see that price is now trading under the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). This represents bearish bias. However, the moving averages have been moving sideways, which means there is no prevailing downtrend in the 1H chart and this week’s downswing could still be part of a sideways market. If price pulls back but holds under the 1.67-1.68 area, then we would have more evidence that litecoin has turned bearish.

The RSI has tagged 30, and if it pulls up to 60, stalls and turns back down, we would be able to say that the cryptocurrency is developing bearish momentum. At the momentum, the RSI tagging 30 was a sign of a neutral market with oversold momentum.

Litecoin (LTCUSD) 4H Chart April 9th
litecoin 4h chart april 9
(click to enlarge)

When we look at the 4H chart, we can see that indeed, p rice has been consolidating since mid-March when price fell to 1.60. LTCUSD then rallied to 1.82 and price has held under this consolidation resistance since.

In fact, we can say that within this sideways market, there has been a bit of bearish bias because after some whiplash price action, LTCUSD  started to hold under 1.73. The RSI has also failed to clear above 60, which shows maintenance of the bearish momentum in the 4H chart.

Now, price is trading under the moving averages, which have been sloping down and in bearish alignment. It does seem like there are buys here just above the 1.60 low, so let’s look for a near-term rebound. But because of the prevailing trend and momentum in the 4H chart, we should look for resistance around 1.67-68. If this does happen, look for pressure on 1.60. Below 1.60, litecoin will have the 1.10 low on the year in sight.

Previous Post by Author: Litecoin Price Technical Analysis for 8/4/2015 – Messy Consolidation

Tags: Altcoin tradingchannelcryptocurrencyfinanceLitecoinlitecoin pricelitecoin valueltc/usdmarketsNewsnewsbtctrading
Tweet123Share196ShareSend
NewsBTC

NewsBTC

Related Posts

Cardano (ADA) Price Prediction

ADA Price Is Showing Early Signs of Fresh Drop, But 100 SMA Is The Key

5 hours ago
Ethereum Price

Ethereum Price Plunges to $1,600: Can Bulls Save the Day?

5 hours ago
Bitcoin

Bitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Decline

7 hours ago
XRP price predictions

Why You Should Pay Attention To The XRP Price Predictions

11 hours ago
BSV

Bitcoin SV (BSV) Notches 8% In The Last Day as Top Coins Bleed

18 hours ago
XRP price

Crypto Analyst Predicts XRP Price To Hit $0.66 This Week

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
mBit

mBit

Review · Visit

Press Releases

  • Analysts Evaluate Prop Firms in Forex, Topstep Ranks First

    2 hours ago
  • Traders Union Analysts Provide In-Depth ActiveTrades Review

    20 hours ago
  • Sportsbet.io Secures New Influencers for Ongoing Campaign

    20 hours ago
  • Meme Coins Won’t Make You Rich, But This Might

    22 hours ago
  • Everlodge, THORChain, and The Graph: Crypto Experts Predict...

    22 hours ago

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.

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

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 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.