• 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 22/5/2015 – Monstrous Rally

Litecoin Price Technical Analysis for 9/6/2015 – At June’s High

NewsBTC by NewsBTC
8 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Litecoin’s steady advance has brought the price up to the highest level of June i.e. at $1.800, and it may go even higher as bulls tighten the noose on the bears. In my previous analysis titled, Buy, But Don’t Forget This!, I mentioned that Litecoin is a buy on dips candidate; that statement holds for today as well!

Litecoin is currently trading up 2.10% at $1.797.

litecoinImage: https://www.tradingview.com/x/zuASQULW/

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!

Litecoin’s chart structure is strongly bullish, however, the technical indicators reflect a mixed outlook. A 240-minute LTC-USD price chart has been analyzed here.

Litecoin Chart Structure – Litecoin’s higher top, higher bottom chart structure remains comfortably strong as the price scales new highs. The cryptocurrency will now face Resistance at $1.820 while the upward sloping support line will act as a cushion. From today’s perspective, the support comes in at $1.740.

Fibonacci Retracements – The optimism surrounding the cryptocurrency has lifted the price above the strong resistance posed by the 38.2% Fibonacci retracement level of $1.789. Sustaining above this level may lead to hefty gains for Litecoin.

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

Moving Average Convergence Divergence – The MACD and the Signal Line are still in close contact with each other, but unlike yesterday, MACD has crossed the Signal Line on the upside. As a result, the latest Histogram value has turned positive at 0.0016.

Momentum – The Momentum indicator is also barely positive at 0.0218, which fails to inspire much confidence.

Relative Strength Index – The strength indicator projects a strong bullish undertone with a value of 64.2478.

Conclusion

Market participants should continue to buy Litecoin on dips but strictly follow the stop-losses. As the price heads higher, expect bouts of volatility to rock the market. Partial profit booking is also advised for those unwilling to put big profits at risk. Litecoin has started this week on a positive note, and I expect the momentum to stay that way for the next 36-48 hours.

Tags: cryptocurrencyLitecoinlitecoin price chartlitecoin technical analysislitecoin tradingltc usd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Bitcoin

Bitcoin Back Above $27,600 As US Banking Crisis Is Far From Over

30 mins ago
SEC Hands Coinbase A ‘Wells Notice;’ Coinbase Rebukes

SEC Hands Coinbase A ‘Wells Notice;’ Coinbase Rebukes

3 hours ago
Bitcoin And USDT

Quant Points Out Curious Relationship Between USDT Inflows & Bitcoin Price

12 hours ago
Bitcoin

Bitcoin Rally Driven By Record Open Interest In Derivatives Market

13 hours ago
The Bet is Bringing Decentralized On-Chain Gambling to Web3

The Bet is Bringing Decentralized On-Chain Gambling to Web3

15 hours ago
One of 14 Companies with a DLT License Gibraltar to Launch IEO

One of 14 Companies with a DLT License Gibraltar to Launch IEO

16 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

TMS Network (TMSN) Presale Success Stirs Markets While Experts Advise To Be Cautious With Conflux (CFX) And Ravencoin (RVN)

March 23, 2023

Solana (SOL) Price Prediction; TMS Network ICO (TMSN) And Avalanche (AVAX) Shines

March 23, 2023

Cryptocurrencies To Get Before April 2023 Ends: Conflux (CFX), yearn.finance (YFI) and TMS Network (TMSN)

March 23, 2023

ScalingX and Buidlbox Partner to Host “The Hunt for X” Zero-Knowledge Tech Hackathon

March 22, 2023

Why is Avorak AI Pumping? – a Guide To AI Cryptos, Fetch.ai, SingularityNET, And More

March 22, 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.