Litecoin Price Signals More Consolidation on the Horizon – LTC/USD Outlook

Litecoin Price Signals More Consolidation on the Horizon – LTC/USD Outlook

Litcoin Price: Key technical levels and signals to monitor Binance USD (CURRENCY:BUSD) traded down 0.1% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on June 8th. During the last week, Binance USD has traded up 0% against the US dollar. One Binance USD token can now be bought for about $1.00 or 0.00010268 BTC on cryptocurrency exchanges including […] Ethereum has actually gotten on an excellent rally over recent month. The leading altcoin is actually trading up greater than 16% before month, based on information coming from crypto market web site Coin360 com. Over that very same amount of time, Bitcoin came by 4%, while specific altcoins like XRP as well as BSV dropped …

  • Litecoin price chart exposes a sideways move
  • Will LTC/USD bears take charge?

On Tuesday, Litecoin rallied to an over four-week high at $49.90 yet the price pulled back later as some bulls seemed to cut back. Therefore, the weekly candlestick closed with a Doji candlestick reflecting the market’s indecision at this stage.

This week, the Relative Strength Index (RSI) remained flat above 50 highlighting a paused bullish momentum.

Litecoin daily price chart 08-06-20 zoomed out

Litecoin daily price chart 08-06-20 zoomed in

In late April, Litecoin failed to rally to the higher trading zone signaling that bulls were losing momentum. Later on, the price traded in a sideways move creating a set of lower highs with higher lows. Last week, the price rebounded around the high end of the current trading zone $35.92- $50.20 yet remained above the 50-day moving average,indicating that bulls may retake the initiative.

Hence, any successful close above the high end of the aforementioned trading zone may trigger a rally towards $60.20, and a further close above that level may extend the rally towards $74.55.

On the flip-side, any close below the 50-DMA signals that LTC/USD could fall towards the low end of the zone, and a further close below that level may send the price even lower towards $22.30.

That said, the daily and weekly support and resistance levels marked on the daily chart should be kept in focus in both scenarios.

Litecoin four hour price chart 08-06-20

On May 27, the price broke above the downtrend line originated from the May 18 high at $47.00 and generated a bullish signal. Yesterday, the market broke below the uptrend line originated from the May 26 low at 41.8 then remained below this line producing a bearish signal.

Thus, a break below $43.70 could send LTC/USD towards the $40.00 handle. On the other hand, any break above $51.92 may cause a rally towards $55.90. Nonetheless, the daily support and resistance levels underlined on the four-hour chart should be watched closely.

Written By: Mahmoud Alkudsi,Market Analyst

Please feel free to contact me on Twitter: @Malkudsi

Source: www.dailyfx.com

Author: Mahmoud Alkudsi


Binance USD (BUSD) Trading Up 0% This Week

Binance USD (BUSD) Trading Up 0% This Week

Binance USD (CURRENCY:BUSD) traded down 0.1% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on June 8th. During the last week, Binance USD has traded up 0% against the US dollar. One Binance USD token can now be bought for about $1.00 or 0.00010268 BTC on cryptocurrency exchanges including HitBTC and Binance. Binance USD has a total market capitalization of $166.30 million and $98.07 million worth of Binance USD was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

  • Crypto.com Coin (CRO) traded up 4.5% against the dollar and now trades at $0.11 or 0.00001114 BTC.
  • Huobi Token (HT) traded down 1.2% against the dollar and now trades at $4.41 or 0.00045243 BTC.
  • Maker (MKR) traded 7.6% higher against the dollar and now trades at $549.68 or 0.05637507 BTC.
  • Basic Attention Token (BAT) traded 6.6% higher against the dollar and now trades at $0.25 or 0.00002567 BTC.
  • IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
  • OKB (OKB) traded down 0.2% against the dollar and now trades at $5.49 or 0.00056311 BTC.
  • FTX Token (FTT) traded 1.1% higher against the dollar and now trades at $2.98 or 0.00030558 BTC.
  • THETA (THETA) traded 0.2% higher against the dollar and now trades at $0.26 or 0.00002682 BTC.
  • PlayFuel (PLF) traded 1.6% higher against the dollar and now trades at $0.42 or 0.00004270 BTC.
  • Enjin Coin (ENJ) traded down 0% against the dollar and now trades at $0.20 or 0.00002013 BTC.
  • About Binance USD

    Buying and Selling Binance USD

    Receive News & Updates for Binance USD Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Binance USD and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: theenterpriseleader.com

    Author: Martin Roberts


    Listed below's How Fall It Could Fall

    Listed below’s How Fall It Could Fall

    Ethereum has actually gotten on an excellent rally over recent month.

    The leading altcoin is actually trading up greater than 16% before month, based on information coming from crypto market web site Coin360 com. Over that very same amount of time, Bitcoin came by 4%, while specific altcoins like XRP as well as BSV dropped through almost 10%.

    While a lot of have actually found this as favorable, experts are actually beginning to be afraid of that an adjustment is actually on the perspective. They point out a convergence of specialized evaluation fads.

    According to Elliot Wave professional Oye Beto, Ethereum is actually presently presenting indicators it continues to be in a rehabilitative design slated to take it in the direction of $220

    Ethereum bluff graph discussed through investor Oye Beto (@OyeBeto_). The graph presents that based on Elliot Wave evaluation, the cryptocurrency is actually readied to move in the direction of $220

    Elliot Wave evaluation, for those uninformed, is actually explained through Investopedia as the following:

    ” Elliott Wave Theory is actually a procedure of specialized evaluation that tries to find redcurrant lasting cost styles connected to consistent adjustments in real estate investor view as well as psychological science.”

    It isn’t simply Oye Beto that is actually bluff on Ethereum.

    A pseudonymous investor took note that capitalists in the resource should not “shed tears when the tornado attacks,” referencing the graph beneath.

    The graph presents that ETH is actually imprinting pair of essential signs it will turn around to the drawback:

    1) the TD Sequential indication is actually presently on a “9” candle light, usually found at pattern changes (consider the reddish candle lights in the graph listed below); 2) the cost was actually declined at a sag that has actually constricted cost activity for recent couple of months.

    Bearish Ethereum graph discussed through investor Crypto_ISO

    Notably, the investor carried out certainly not take note where he assumes the cryptocurrency to pattern in the direction of, yet he carried out recognize $200 as a crucial amount to view, keeping in mind just how it has actually served as a variation aspect for this market over recent pair of years.

    Ethereum might underperform Bitcoin.

    Per previous files coming from Bitcoinist, the professional that during 2018 forecasted Bitcoin will base at $3,200, lately discussed the graph found listed below along with the subsequent opinion:

    ” This is what i presume ethbtc carries out. temporary favorable thus will definitely surpass btc for a couple of times (ways ethusd will definitely moon) after it creates a brand new higher over 26000 sats i presume it will definitely cover.”

    Ethereum graph discussed through cryptocurrency investor @SmartContracter

    The assemblage of bluff indicators found on the ETH/BTC as well as ETH/USD graphes recommends that the altcoin’s potential customers are actually really unsatisfactory, particularly looking at just how the crypto story continues to be concentrated on Bitcoin.

    Source: dailyresearcheditorials.com

    Author: Mike Butcher


    Litecoin Price Signals More Consolidation on the Horizon – LTC/USD Outlook


    Leave a Comment