Litecoin Price Prediction: LTC Forecast Analysis

Welcome to BitcoinExchangeGuide.com's Litecoin Price Prediction summary where we reveal all LTC value analysis, forecast charts and market data.

Litecoin (LTC) Price Predictions: Expert Market Data Forecasts and LTC/USD Value Charts

Litecoin (LTC) Long-Term Price Forecast: June 8, 2019

On the upside, if the LTC market has more buyers at the upper price level, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price level, the crypto's price will fall to either a low at $70 or $90 price level.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $105, $110, $115

Support levels: $110, $105, $100

The LTC/USD pair is in the bullish trend zone. On May 27, the LTC price reached the $120 overhead resistance level. The following day the bulls were resisted and the LTC market was on a downward correction to the support of the 12-day EMA. Later the market became range-bound trading below the $120 resistance level.

On June 3, the LTC market was in a downward correction to the support of the 26-day EMA. Nevertheless, the 26-day EMA was holding as the bulls made an upward move above the EMAs. Today, the bulls are still facing resistance at the $120 overhead resistance. On the upside, if the LTC market has more buyers at the upper price level, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level. Similarly, if the bears break below the 0.382 (38.2%) Fib, retracement level, the crypto’s price will fall into the downtrend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: June 6, 2019

From the Fibonacci retracement level, the price is at the support of the 0.382 (38.2%) Fib. retracement level. At this Fib. retracement level, the bullish trend is expected to continue.

In the last three days, the LTC market has been trading between the levels of $100 and $106.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $110, $120, $130

Support levels: $100, $90, $80

Yesterday, June 5, the price of Litecoin was in a bullish trend. The LTC market is making a bullish move after the downward correction from the $120 overhead resistance level. The crypto’s price is at the support of the 26-day EMA which indicates that price is likely to rise. On the upside, if price breaks above the 12-day EMA, the bullish momentum will increase to retest or break the $120 overhead resistance.

From the Fibonacci retracement level, the price is at the support of the 0.382 (38.2%) Fib. retracement level. At the 0.382 Fib. retracement level, the bullish trend is expected to continue. The 0.236 and 0.382 Fib. retracement levels are the continuation zone for a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. In the last three days, the LTC market has been trading between the levels of $100 and $106. Yesterday, the bulls break above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

On the upside, if the $106 price level is broken, the bulls will retest or break the $116 and $120 resistance levels. However, if the bulls fail to break the $106 price level, the crypto will resume its range bound movement. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: June 4, 2019

On the downside, the bearish trend is ongoing if the trend line remains unbroken.

On the upside, if price breaks the trend line and another candlestick closes on the opposite of it, the bearish trend is assumed to have been terminated.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $108, $110, $112

Support levels: $104, $102, $100

Yesterday, June 3, the price of Litecoin was in a bearish trend. Yesterday, the bulls were resisted at the $116 price level after failing to retest the $120 overhead resistance level. The LTC market fell to the previous low of May 31 which was the $106 support level. On the downside, if the bearish pressure continues, the crypto’s price is likely to fall to the lows of $100 or $102 support level.

If the price reached the $100 price level, the bullish gains would have been erased. A bearish trend line had been drawn to determine the duration of the bearish trend. On the downside, the bearish trend is ongoing if the trend line remains unbroken. On the upside, if price breaks the trend line and another candlestick closes on the opposite of it, the bearish trend is assumed to have been terminated.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. The $116 resistance level had been responsible for the downward correction of Litecoin. On June 1 and 2, the bulls tested the $116 resistance level and the crypto’s price fell to the support of the EMAs and then resume its upward move.

On June 3, the bulls were resisted, and the bears broke below the EMAs and reached the previous low of $104 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: June 3, 2019

On the upside, the market is expected to retest or break the $120 overhead resistance level.

From the Fibonacci retracement level, the LTC price fell to the support of the 0.382 (38.2%) FIb. retracement level. The 0.236 (23.6%) and the 0.382 (38.2%) FIb. retracement levels are the continuation zone for a bullish trend in the Fib retracement tool analysis.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $120, $125, $130

Support levels: $114, $108, $104

Last week the price of Litecoin was in a bullish trend. The LTC market reached the $120 resistance level twice but the bulls were resisted. At the first resistance, the market fell to the support of the 12-day EMA. Nevertheless, on May 30, LTC market fell to a low at $104 price level but the bulls pulled above the $108 support level.

From the Fibonacci retracement level, the LTC price fell to the support of the 0.382 (38.2%) FIb. retracement level. The 0.236 (23.6%) and the 0.382 (38.2%) FIb. retracement levels are the continuation zone for a bullish trend in the Fib retracement tool analysis.

The crypto’s price is rising above the 0.382 (38.2%) Fib. retracement level. From the price action, the price is above the EMAs which indicate that price is likely to rise. On the upside, the market is expected to retest or break the $120 overhead resistance level. Meanwhile, the MACD line and the signal line are above the zero level` which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. After its fall from the $120 overhead resistance, the crypto’s price now ranges below the $116 price level. On June 1 and 2, the bulls tested the $120 resistance level and were resisted.

Each time the bulls were resisted the price fell to the support of the EMAs for the continuity of bullish trend. On the upside, if the bulls break the $116 resistance level, the next upward move will be at the $120 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: June 1, 2019

On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $105, $110, $115

Support levels: $100, $90, $80

The LTC/USD pair is in the bullish trend zone. On April 3, the LTC market had been trading below the $100 resistance level before it was broken. During the month of April, the LTC market fell to a low at $70 support level. In the month of May, the bulls made an upward move and tested the $100 resistance twice before breaking it.

On May 24, the bulls broke the $100 resistance level to reach a high of $120 price level. The bulls were resisted at the $120 price level and price retraced to the support of the 12-day EMA. On the upside, if the 12-day EMA is holding, the crypto's price is likely to rise to retest or break the $120 resistance level.

On the downside, if the bears break below the EMAs or below the $100 price, the crypto's price will fall to either a low at $70 or $90 price level. Meanwhile, the coin has an opening balance of $78 in the month of May 2019. The crypto has a closing price of $114 as at May 31. This indicates that the LTC market appreciated by 46% of its capitalization in the month of May 2019. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 30, 2019

The crypto’s price fell to the support of 0.382 (38.2%) Fib. retracement level which indicates that price is in the bullish trend zone.

On the other hand, if the bears broke the 0.382 Fib. retracement level, the LTC price will be in a downward trend.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $120, $125, $130

Support levels: $110, $104, $100

Yesterday, May 29, the price of Litecoin was in a bullish trend. The LTC market has reached the $120 price level after overcoming the $104 overhead resistance. The bulls were resisted at the $120 price level and the price retraced to the support of 26-day EMA. Yesterday, at the support of the 26-day EMA, the crypto’s price made an upward move to retest the $120 price level.

From the Fibonacci retracement level, the LTC price is still in the continuation zone of the Fibonacci retracement level. The crypto’s price fell to the support of 0.382 (38.2%) Fib. retracement level which indicates that price is in the bullish trend zone. On the other hand, if the bears broke the 0.382 Fib. retracement level, the LTC price will be in a downward trend. Meanwhile, the MACD line and the signal line are above the zero level which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The LTC market reached the $118 price level and was resisted. The crypto’s price was ranging below the $118 resistance level. Yesterday, the crypto’s price was resisted and it fell to a low at $110 price level.

The $110 price level was well supported as the bulls made a bullish move to retest the $118 resistance level. The bulls are still facing resistance at the $118 price level. The LTC price is above the EMAs which has been resisted at the $118 price level. The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 28, 2019

Nevertheless, if the bulls break the $120 resistance level, the LTC market will reach the $127 price level.

On the other hand, if the price is restricted at the $120 price level, the market will fall to the support of the EMAs or at the $112 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $120, $125, $130

upport levels: $110, $105, $100

Yesterday, May 27, the price of Litecoin was in a bullish trend. On May 26, the bulls have already broken the overhead resistance of $104 and the surge in volatility is continuing. The 12-day EMA and the 26-day EMA are pointing northward indicating that the trend is in an upward move. The LTC market has reached the $120 price level and it is currently facing resistance at that level.

The crypto’s price had earlier fallen to the support of the 12-day EMA indicating that price is likely to rise. Nevertheless, if the bulls break the $120 resistance level, the LTC market will reach the $127 price level. On the other hand, if the price is restricted at the $120 price level, the market will fall to the support of the EMAs or at the $112 price level. Meanwhile, the MACD line and the signal line are above the 6.0 level which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a bullish trend. The crypto’s price was making a series of higher highs and higher lows before the pattern was changed to a range bound move. The LTC market is facing resistance at the $117 price level which is why the market was range bound.

The bullish and the bearish candlesticks are trending above the EMAs because of the resistance at the $117 price level. The crypto’s price is expected to rise as soon as the bulls break the resistance level. The MACD line and the signal line are above the 2.0 line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 27, 2019

If the bulls sustain the price above the EMAs, the market will rise to the $120 price level.

On the other hand, if the price continues its downward correction, it may fall to the $104 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $116, $120, $124

Support levels: $108, $104, $100

Last week the price of Litecoin reached its peak price of $104 while in a bullish trend. The market reached the $104 price level and was resisted by the bears. The LTC market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $84 support level. The EMAs are trending horizontally as the crypto’s price is fluctuating below and above it.

On May 24 and 25, the bulls broke the EMAs and the overhead resistance of $104. The market is approaching the $116 price level. This was a positive sign as the bulls took control of price. However, the market is having a slight retracement after being resisted at the $116 price level. If the bulls sustain the price above the EMAs, the market will rise to the $120 price level. On the other hand, if the price continues its downward correction, it may fall to the $104 price level.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the previous week, the market was in a sideways trend. The crypto’s price was fluctuating between the levels $88 and $93. However, in the last 48 hours, the crypto’s price was ranging above the $100 price level before the recent surge in price.

The crypto’s price rose to a high of $116 price level but was resisted. The price retraced to the $110 price level and resumed its upward move.The MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: May 25, 2019

The price of Litecoin is likely to fall to the previous low at $85 price level.

The bulls have not been able to break the previous high of $101 price level. If the bulls fail to break the previous high a double top has formed.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $105, $110, $115

Support levels: $95, $90, $85

The LTC/USD pair is in the bullish trend zone. On May 15, the LTC market rose and reached a high at $101 price level. The bulls were resisted and the market had a downward correction to the support of the 12-day EMA. The bulls made an upward move but fell back to the support of the 26-day EMA. From the price action, the price is above the EMA which indicates that price is likely to rise. On May 24, the LTC price had a bullish move but reached the previous high of the LTC market at $101 price level.

The bulls have not been able to break the previous high of $101 price level. If the bulls fail to break the previous high a double top has formed. This indicates that a bullish reversal is imminent. The price of Litecoin is likely to fall to the previous low at $85 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 23, 2019

The LTC market is in a choppy price action. The key levels of resistance and support were no longer discernible.

However, yesterday, the market fell to its previous low at $87.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $100, $104, $108

Support levels: $88, $84, $82

Yesterday, May 22, the price of Litecoin was in a sideways trend. On May 16, the LTC market had been on a downward correction after being resisted at the $104 and $96 price levels. On each occasion, the crypto’s price would fall below the 12-day EMA and the 26-day EMA but the market would make an upward correction.

On May 20, the bulls were resisted at the $95 price level and the price fell to a sideways trend. In the last four days, the EMAs were trending like a single horizontal line indicating that price was in a sideways trend. The LTC market is in a choppy price action. The key levels of resistance and support were no longer discernible.

Also, the LTC price is characterized by small body candlesticks like Doji and Spinning tops which described the indecision between the buyers and sellers. The crypto’s price is in a tight range trading between the levels of $85 and $95. However, yesterday, the market fell to its previous low at $87. Nevertheless, the crypto’s price is likely to consolidate before an upward move above the EMAs. On the other hand, if the bearish trend continues, the market will fall to the previous low at $76.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin was in a sideways trend. The cryptocurrency had continued its range bound movement. Yesterday, the bulls tested the $92 resistance level and the price fell below the EMAs.

As the crypto’s price is fluctuating within a confined range; there is a likelihood of a price breakout or a price break down. Yesterday, the LTC market was in a price break down as price fell to its low at $87.43 and commenced a range bound move. The MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 21, 2019

In retrospect, on April 3 and 6, the bulls were resisted at the $96 price level and the market dropped down to a low at $70 price level.

On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to retest the $96 resistance level.

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $100, $104, $108

Support levels: $88, $84, $82

Yesterday, May 20, the price of Litecoin was in a bearish trend. On May 19, the LTC market reached the $96 price level but was resisted. In the previous week, the market had already been depreciated from the $104 price level. Today the bulls are making a bullish move to reach the $96 resistance level.

In retrospect, on April 3 and 6, the bulls were resisted at the $96 price level and the market dropped down to a low at $70 price level. On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to break the $96 resistance level. On the other hand, if the bulls failed to break the resistance level, the crypto’s price is likely to fall to the support of the $86 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The LTC market is in a tight range between the levels of $88 and $92. On May 19 and 20, the bulls were resisted at the $96 price level.

The downward correction led to the formation of a support level at the $88 price level and a resistance level at the $92 price level. Nevertheless, if the bulls break the $92 price level, the crypto’s price will revisit the $96 price level. On the other hand, if the bears break the $88 price level, the market will reach the low at $86 price level.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 20, 2019

From the support of the 0.618 retracement level, the bulls made an upward move but were resisted as the price fell back to the downtrend zone.

The initial bullish move has been terminated and the downtrend is likely to continue either to the $84 or $88 price level.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $100, $104, $108

Support levels: $88, $84, $82

Last week the price of Litecoin was in a bearish trend. On May 16, the market reached a high of $104 price level. The bulls were unable to break the $104 resistance level but were resisted. The market had a downward correction as the price fell to the 0.618 Fibonacci retracement level.

From the support of the 0.618 retracement level, the bulls made an upward move but were resisted as the price fell back to the downtrend zone. The initial bullish move has been terminated and the downtrend is likely to continue either to the $84 or $88 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend. The crypto’s price reached the $96 price level and was resisted. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price has fallen to a low at $91 price level and it is likely to continue the bearish move.

As price continues its fall, the trend line has been broken forcing the crypto's price to trade in a sideways trend. However, the bearish trend is ongoing if the trend line is unbroken. In other words, the price may further depreciate to as low as $86 price level.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: May 18, 2019

The $70 support level was holding as the bulls pulled above the EMAs to resume the bullish trend.

Since the price has dropped below the continuation zone of the Fib. retracement levels, the crypto’s price is likely to further depreciate to the 0.786 Fib. retracement level.

LTC/USD Long-term Trend: Bearish

Resistance Levels: $90, $95, $100

Support levels: $85, $80, $75

On May 6, the LTC/USD pair had traded up to the high of $92.94 but the bulls were resisted. The market had a downward correction as the bears broke the 12-day EMA and the 26-day EMA to reach the $70 support level. The $70 support level was holding as the bulls pulled above the EMAs to resume the bullish trend. On May 14, the crypto’s price reached the $104 price level was resisted. The bears broke the 0.236 (23.6%) and 0.382 (38.2%) Fibonacci retracement levels and found support at the 0.50 retracement.

Since the price has dropped below the continuation zone of the Fib. retracement level, the crypto’s price is likely to further depreciate to the 0.786 Fib. retracement level. In other words, the price is likely to revisit the $80 support level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 16, 2019

On the upside, the market is expected at the $120 price level if the trend line is unbroken.

On the downside, the market may fall below the $100 price level, if the trend line is broken.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $100, $104, $108

Support levels: $96, $92, $88

Yesterday, May 15, the price of Litecoin broke away from its previous sideways move. On May 11, the market was in a sideways trend trading between the levels of $85 and $92. Yesterday, the bulls broke the $92 price level but were resisted at the $96 price level. After a slight retracement, LTC price is now hovering around the $105 price level. There is the possibility of price rise as the crypto’s price is above the 12-day EMA and the 26-day EMA.

The LTC price is trending above the trend line. The trend line is not completely broken because of absence of a second bearish candlestick .On the upside, the market is expected at the $120 price level if the trend line is unbroken. On the downside, the market may fall below the $100 price level, if the trend line is broken. A trend line break implies that the current trend has been terminated. Meanwhile, the MACD line and the signal line are above the 3.0 line which indicates strong buying signal. The crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in a bearish trend. Presently, the crypto’s price is facing resistance at the $106 price level. The market is likely to retrace from the recent high of $106. If the price retrace to the support of the trend line, the price will continue its upward move. However, if the price breaks the trend line and another candlestick closes on the opposite of it; the market will commence a downward move. Meanwhile, the crypto’s price is trading at $10.56 as at the time of writing.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 14, 2019

On May 12, the sellers located the lower price range and the LTC price consolidated for two days.

On the upside, if the bulls succeed in breaking the upper price level, the crypto is expected to reach the previous high of $96 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $90, $92, $94

Support levels: $88, $84, $82

Yesterday, May 13, the price of Litecoin was still ranging below the $92 resistance level. The bulls and the bears were trading between the levels of $85 and $92 price levels. On May 12, the sellers located the lower price range and the LTC price consolidated for two days. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Today, the bulls are heading towards the upper price level.

On the upside, if the bulls succeed in breaking the upper price level, the crypto is expected to reach the previous high of $96 price level. However, if the bulls failed to break the upper price level, the price action will fluctuate between the two horizontal lines. Meanwhile, the MACD line and the signal line are above the 2.0 line which indicates strong buying signal. The crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a range bound movement. The moving averages are trending horizontally indicating that the LTC price is in a range bound movement. In the last four days, the bulls have tested the upper price level but were unable to break it. Today the price action is following a bullish pattern and buyers are likely to locate the $92 price level. Meanwhile, the crypto’s price is trading at $90.56 as at the time of writing.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 13, 2019

On the upside, if the crypto’s price is sustained above the EMAs, the bulls will retest the $92 and $96 resistance levels.

On the downside, if the bears break below the EMAs, the crypto’s price is likely to fall to the previous low at $76 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

Last week the price of Litecoin was in a bearish trend zone. The bulls were resisted at the $84 price level as the price fell to the bearish trend zone. It was assumed in the previous week that if the bulls break the 12-day EMA and the 26-day EMA, the bulls were likely to retest or break the $82 and $84 resistance levels. On May 11, the bulls broke the resistance levels but it is currently facing another resistance at the $92.50 price level.

On May 12, the bulls were resisted at the $92 price level and the crypto’s price fell to the 12-day EMA support level. On the upside, if the crypto’s price is sustained above the EMAs, the bulls will retest the $92 and $96 resistance levels. On the downside, if the bears break below the EMAs, the crypto’s price is likely to fall to the previous low at $76 price level. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally.The crypto’s price was facing resistance at the $92 price level. Last week the bulls tested the $92 resistance level and were resisted on three occasions. The crypto’s price fell below the EMAs and it was trading below the 12-day EMA and the 26-day EMA.

On the upside, if the bulls break the EMAs, the crypto’s price will retest the $92 resistance level. On the downside, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound movement below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: May 11, 2019

If the bearish trend continues the crypto’s price is likely to fall to either a low at $60 or $70 price level.

On the upside, if the bulls break the EMAs, the crypto’s price is likely to retest the $85 price level.

LTC/USD Long-term Trend: Bearish

Resistance Levels: $60, $70, $80

Support levels: $60, $50, $40

On April 7, the LTC/USD pair had been in a downtrend. On April 6, the crypto’s price reached a high of $92 but the bulls were resisted at the $96 price level. The crypto’s price fell to the support of the $70.93 price level. On April 30, the $70 support level was holding as the bulls initiated a bullish trend.

The bulls broke the 12-day EMA and the 26-day EMA as price reached a high of $82.62 price level. The crypto’s price was resisted again at the $85 price level as the bears broke below the EMAs. The crypto’s price is below the EMAs which indicate that the price is likely to fall. If the bearish trend continues the crypto’s price is likely to fall to either a low at $60 or $70 price level.

On the upside, if the bulls break the EMAs, the crypto’s price is likely to retest the $85 price level. The crypto’s price is trading at $78.12 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and 26-day EMA which indicates that the bullish trend is ongoing.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 9, 2019

On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $82 and $84 resistance levels.

On the downside, if the bulls fail to break the $82 and $84 resistance level, the crypto’s price will remain in the bearish trend zone.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

Yesterday, May 8, the price of Litecoin was in a bullish trend. Yesterday, it was in a bullish trend after being resisted at the $82 resistance level. On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $82 and $84 resistance levels.

On the downside, if the bulls fail to break the $82 and $84 resistance level, the crypto’s price will remain in the bearish trend zone.The MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. Yesterday, the crypto’s price was making a series of higher highs and higher lows and the bulls broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. The LTC price is above the EMAs which indicates a possible price rise.

On the downside, the crypto's price is retracing after being resisted, if the bears break below the EMAs, the price will fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 7, 2019

On the upside, if the crypto’s price is sustained above the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $84 resistance level.

On the downside, if the bulls fail to break the $84 resistance level, the crypto’s price will fall to the support of the EMAs.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

Yesterday, May 6, the price of Litecoin was in a bullish trend. Yesterday, it was assumed that if the $76 support level holds, the crypto’s price would rise and retest the $84 resistance level. As at the time of writing the bulls are yet to retest the $84 resistance level. The $84 resistance level was yet to be broken since April 14.

On the upside, if the crypto’s price is sustained above the 12-day EMA and the 26-day EMA, the bulls are likely to retest or break the $84 resistance level. On the downside, if the bulls fail to break the $84 resistance level, the crypto’s price will fall to the support of the EMAs. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin was in a bullish trend. Yesterday, the crypto’s price was in a bullish trend and it reached a high of $80.59. However, the bulls were resisted at the $81 resistance level and the price fell to the support of the 26-day EMA for a bullish trend resumption.

Today, the LTC price rose to a high of $81.96 but the bulls were resisted at the $82 price level. The crypto’s price pulled back to resumed its bullish trend. The price of Litecoin was resisted again at the $82 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 6, 2019

On the downside, if the bears break below the $76, the crypto’s price will depreciate to the previous low at $70 price level.

On the upside, if the $76 support level holds, the crypto’s price will rise to retest the previous $78 and $84 resistance levels.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

Last week the price of Litecoin was in a bullish trend. The crypto’s price had earlier fallen to its low at $69.47 before commencing a bullish trend. The bulls broke the $78 resistance level but failed to break the $84 resistance level. On May 4, the bulls were resisted at the $84 resistance level. This was the previous resistance of April 14 and 18. Nevertheless, the crypto’s price fell to the previous low at $76 price level.

On the downside, if the bears break below the $76, the crypto’s price will depreciate to the previous low at $70 price level. On the upside, if the $76 support level holds, the crypto’s price will rise to retest the previous $78 and $84 resistance levels. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend. On May 4, the bulls broke the $84 resistance level and reached a high of $86. At the $86 resistance level, the bulls were resisted and the price fell and broke the 12-day EMA and the 26-day EMA to reach a low at $78.70.

The bulls pulled back price above the EMAs but were resisted at the $82 price level. The LTC price fell to a low at $75.87. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: May 4, 2019

The crypto’s price was in a bearish trend after the bulls failed to break the $96 resistance level.

On the upside, if the price rises and the trend line remains unbroken, the bullish trend will be ongoing and may retest the previous high of $96.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $60, $70, $80

Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend zone in May 2019. However, the crypto’s price was in a bearish trend after the bulls failed to break the $96 resistance level. The bears broke the 12-day EMA and the 26-day EMA to reach the previous low at $70.93. The bulls defended the $70 price level as it commenced a bullish trend that broke the EMAs.

A bullish trend line is drawn to monitor the duration of the current trend. The crypto’s price is expected to rise as it is above the EMAs. On the upside, if the price rises and the trend line remains unbroken, the bullish trend will be ongoing and and may retest the previous high of $96. On the downside, if the bearish candlestick breaks the trend line and another closes on the opposite of it, then the bullish trend is terminated.

The crypto’s price is trading at $82.70 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: May 2, 2019

On the upside, if the $76 support level holds, the crypto’s price will rise to retest the $78 and $84 resistance levels.

On the downside, if the bears break below the $76, the crypto’s price will depreciate to a low at $70 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

Yesterday, May 1, the price of Litecoin was in a bearish trend. Yesterday, the price was in a downward correction testing the $78 resistance level. The price retraced to the support of the 12-day EMA. In other words, the price retraced to the support of the $76 price level which was a previous resistance level. On the upside, if the $76 support level holds, the crypto’s price will rise to retest the $78 and $84 resistance levels.

On the downside, if the bears break below the $76, the crypto’s price will depreciate to a low at $70. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin was in a range bound movement. The $78 resistance level had been tested by the bulls on two occasions. On April 30, the bulls tested the $78 resistance level and were resisted to the support of the $76 price level. Yesterday, the bulls were resisted at a price of $77.79 and price fell to the support of the $76 price level.

The crypto’s price is now ranging above the $76 price level. The MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 30, 2019

On the downside, the crypto’s price will further depreciate to a low at $60, if the bearish trend line is unbroken.

If the bulls break the EMAs and price is sustained above the EMAs, the crypto’s price would rise.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Yesterday, April 29, the price of Litecoin made a further depreciation. In retrospect, the crypto’s price had been on a downward fall after the $96 resistance level on April 6. Yesterday, the crypto’s price fell to a low at $66.55 . On the downside, the crypto’s price will further depreciate to a low at $60, if the bearish trend line is unbroken.

Yesterday, the bearish trend line was drawn to determine the duration of the bearish trend. The bearish trend is ongoing because the trend line has not been broken and no candlestick has formed on the opposite of the trend line. The LTC price is trading at $68.41.90 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. On April 29, the bulls were trading in the bearish trend zone and were resisted as price fell to a low at $65.64. Yesterday, the bulls broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

If the bulls break the EMAs and price is sustained above the EMAs, the crypto’s price would rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 29, 2019

The LTC price is trading at $71.90 and below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

A bullish candlestick tested the 12-day EMA but was repelled as the price continues its downward fall.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Last week the price of Litecoin had been on a downward fall. The crypto’s price had fallen from the $84 price level to a low at $71.36. A bearish trend line has been drawn to determine the expiration of the bearish trend. From the chart, each time the bulls tested the trend line, the crypto’s price would depreciate further.

However, if the bulls break the trend line and another candlestick closes on the opposite of it, the current bearish trend is said to be terminated. Nevertheless, the bearish trend is ongoing. The LTC price is trading at $71.90 and below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On April 28, the bulls tested the $75 resistance level and the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

A bullish candlestick tested the 12-day EMA but was repelled as the price continues its downward fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: April 27, 2019

The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

If the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $ 96 resistance.

LTC/USD Long-term Trend: Bearish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend in the first week of April 2019. The bulls reached a high of $92.94 but were resisted at the $96 price level. On April 7, the price fell and the downward trend continued until the crypto’s price reached a low at $71.50. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. On the downside, if the bearish trend continues, the crypto’s price will fall to the previous low at the $ 60. On the other hand, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $ 96 resistance. Meanwhile, on April 1, the crypto’s price has an opening balance of $61.48.

The LTC price also has a closing balance of $75.37 as at April 26. This implies that the LTC price appreciated by 23% of its capitalization in the month of April. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 25, 2019

The price of Litecoin had been on a downward trend since April 6.

On the upside, if the bulls break the EMAs, the crypto’s price will be in the bullish trend zone to revisits the previous highs.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Yesterday, April 24, the price of Litecoin was in the bearish trend zone. The price of Litecoin had been on a downward trend since April 6. The price of Litecoin had fallen from the $96 resistance level to $72 price level. Yesterday, the crypto’s price fell from the $78 price level to a low at $72. The crypto’s price is also ranging below the 12-day EMA and the 26-day EMA. The bulls are yet to be in control since April 6.

On the upside, if the bulls break the EMAs, the crypto’s price will be in the bullish trend zone to revisits the previous highs. On the other hand, if the bulls fail to break above the EMAs, the LTC price will depreciate to a low at $60 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The crypto’s price is holding at the $72 price level while the bulls broke above the 12-day EMA and the 26-day EMA. On the downside, if the bulls fail to sustain the price above the EMAs, the crypto’s price will fall back to the bearish trend zone to continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 23, 2019

However, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will be in the bullish trend zone to retest the previous highs of $82, 92 and $96 resistance levels.

On the other hand, if the bulls failed to break above the EMAs, the crypto’s price will continue with its range bound movement.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Yesterday, April 22, the price of Litecoin was in the bearish trend zone. The crypto’s price was ranging after falling to a low at $75.95. The crypto’s price ranged and tested the 12-day EMA but was resisted. The bulls are making another attempt at the 12-day EMA. The price of Litecoin is trading at $77.48 as at the time of writing.

However, if the bulls break above the 12-day EMA and the 26-day EMA, the crypto’s price will be in the bullish trend zone to retest the previous highs of $82, 92 and $96 resistance levels. On the other hand, if the bulls failed to break above the EMAs, the crypto’s price will continue with its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA. The EMAs are trending horizontally indicating that price is in a sideways trend.

However, if the bulls break above the EMAs and the price is sustained above the EMAs, the crypto’s price will reach a high of $82. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 22, 2019

On the upside, if the $75 price level holds, the crypto’s price will resume its uptrend to retest the $82 resistance level.

If the bearish pressure continues the crypto’s price will fall to the low at $60.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Last week the price of Litecoin had been on a downward trend. The crypto’s price had fallen to the resistance levels of $96, $92, $84 and $82. On April 19, the bulls failed again to break the $82 resistance level as the crypto’s price fell and broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price fell to a low at $$75.95 to commence a range bound movement. The crypto’s price fell to the previous low of April 11.

On the upside, if the $75 price level holds, the crypto’s price will resume its uptrend to retest the $82 resistance level. However, if the bearish pressure continues the crypto’s price will fall to the low at $60. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the 12-day EMA and the 26-day EMA were trending horizontally at the $82 resistance level. The bears broke the resistance level as the price fell to a low at $75.75.

The crypto’s price made a bullish movement to the EMAs but was resisted at the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: April 20, 2019

If the bulls break the $85 resistance level, the crypto’s price will rise to reach the previous high of $95.

On the other hand, if the bulls fail to break the resistance level, the crypto’s price will fall or resume its range bound movement.

LTC/USD Long-term Trend: Ranging

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

The LTC/USD pair was in a bearish trend after the bulls were resisted at the $95 resistance level. On April 11, the crypto’s price fell to the low at $79.65 and commenced a range bound movement above the 26-day EMA or above the $75 support level. The crypto’s price was ranging below the $85 resistance level because the bulls failed to break above it. The LTC price was trading above the $75 support level which had been holding since April 11. However, since April 14, the bulls had not been able to break the $85 price level. However, if the bulls break the $85 resistance level, the crypto’s price will rise to reach the previous high of $95.

On the other hand, if the bulls fail to break the resistance level, the crypto’s price will fall or resume its range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 18, 2019

The bulls are battling to break the $82 resistance level after its initial fall.

On the upside, if the bulls break the $82 resistance level and the price is sustained above it, the crypto's price will resume its bullish trend.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Yesterday, April 17, the price of Litecoin was in a bearish trend. In the previous analysis, the LTC price had been on a downward fall after the bulls tested the $96 and $92 resistance levels. On April 14, the bulls tested the $84 resistance level and were resisted again. The bulls are battling to break the $82 resistance level after its initial fall.

On the upside, if the bulls break the $82 resistance level and the price is sustained above it, the crypto's price will resume its bullish trend. On the other hand, if the bulls fail to break the resistance level, the LTC price will continue to depreciate. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On April 16 and 18, the bulls tested the $82 resistance level and were resisted. On April 16, the bulls tested the $82 resistance level and the price fell to the bearish trend zone

On April 18, the bulls break the EMAs to test the $82 price level but failed to break it. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buysignal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 16, 2019

Today's Litecoin (LTC) News

Thus far, Litecoin (LTC) is the sixth largest coin by market cap and well-oiled. It is liquid and in the last four months, it continues to lead the market. Because of that, it continues to dominate headlines as investors purchase new mining gear and channel computing power to the network.

Read: Litecoin Network’s Hash Rate Blows Past New All-Time High at Nearly 360 TH/s

Since the correlation between price and hash rate is positive, we can conclude that the market sentiment towards Litecoin’s future is, if anything, upbeat. Note that in early April, the network’s hash rate registered new highs hitting 359 TH/s up from 342 TH/s. This points to confidence but there is more. Add that to Litecoin 0.17 core is live it means the overall network fees are low.

Besides, the prospects of Litecoin halving on August 6 will have a lifting effect on prices thanks to scarcity and assuming the demand remains as it is. Confidence is largely because of the hype element so prevalent in the crypto market and the effect of supply-demand that affects any free market.

Also Read: Litecoin’s Charlie Lee “You Can’t be More Wrong” in Lieu of Mike Novogratz’s LTC Glorified TestNet Comment

With improving sentiment mostly due to Bitcoin bottoming up and printing new 2019 highs, its direct correlation with altcoins including Litecoin will therefore further pump Litecoin prices encouraging participation and that means higher hash rate, bullish sentiment and more demand for the sixth largest coin by market cap.

LTC/USD Price Analysis

At the time of press, Litecoin (LTC) is down 4.8 percent from yesterday’s close and down 11.5 percent in the last week. Regardless of this shift in demand and apparent oversupply, Litecoin is technically bullish and within a breakout pattern.

From technical candlestick arrangement, we expect the coin to edge higher, reverse losses of Apr-11 losses and that demand high participation levels—that is, volumes, exceeding 347k and even 750k of Apr-2. Such a sharp move will confirm buyers of Apr-2, set the momentum for higher highs in a trend continuation that must break above $90 with the first target at $110.

If not and there is liquidation set in motion by Apr-11 bears, then odds are prices will dip below Apr-15 lows, close below the flexible support line set by the middle BB and fuel draw-downs towards Apr-2 lows at $60 for a 100 percent reversal in what would be a typical retest.

Even so, we expect Litecoin to correct but the last support line lies at the 78.6 percent Fibonacci retracement level of Apr2-3 high low at around $70. Therefore, while risk-averse, conservative traders ought to stay on the sidelines until there is a break above $90 or prices hit $60 or lower, risk-off traders should be DCA on dips with targets at $110 as mentioned above.

Author: Dalmas N

Litecoin (LTC) Daily Price Forecast: April 16, 2019

On the downside, if price continues its fall, the crypto’s price will find support at $60 price level.

On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $70, $68, $66

Yesterday, April 15, the price of Litecoin was in a bearish trend. The crypto’s price had been on a downward fall after the bulls tested the $96 and $92 resistance levels. On April 14, the bulls tested the $84 resistance level and were resisted again. The price fell below the 12-day EMA and the 26-day EMA to a low at $76.76. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downside, if price continues its fall, the crypto’s price will find support at the $60 price level. On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to a low at $76.76 and commenced a bullish movement.

The crypto’s price reached the 26-day EMA and was resisted. The price is likely to continue its fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 15, 2019

The price fell to a low at $83.77 and commenced a range bound movement.

The crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $82, $84, $86

Support Levels: $80, $78, $66

Last week the price of Litecoin was in a bearish trend. The bulls reached a high of $97.50 and were resisted. The price fell to a low at $83.77 and commenced a range bound movement. The bulls made another attempt and were resisted at the $92 price level. The price fell to another low at $77.85 and commenced a range bound movement. Today the bulls have broken above the 12-day EMA and the 26-day EMA.

The crypto’s price is above the EMAs which indicate that price is likely to rise. Nevertheless, the LTC price is trading at $83.81 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Last week the price fell to a low at $77.50 and commenced a range bound movement below and above the 12-day EMA and the 26-day EMA.

Today the bulls have broken above the EMAs to trade in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: April 13, 2019

The crypto’s price will reach the highs of $110 or $120 price levels if the bulls break the $95 resistance level.

On the other hand, if the downward trend continues, the price will fall to the lows at either $60 or $65 price level.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend since the beginning of April. On April 6, the crypto’s price traded and reached a high of $98.80 but the bulls were resisted. The price of Litecoin faces resistance at the $95 price level. The crypto’s price made a downward correction as the price fell and broke the 12-day EMA. The LTC price fell to the support of the 26-day EMA. On the upside, the crypto’s price is likely to rise if the 26-day EMA is holding. If the bulls break the $95 resistance level, the crypto’s price will reach the highs of $110 or $120 price levels.

On the other hand, if the downward trend continues, the price will fall to the lows at either $60 or $65 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 11, 2019

Today's Litecoin (LTC) News

Thing is, Litecoin is on a roll and up 4.5X after bottoming out in mid-January. From $20 to $85 at the time of press an impressive feat but even so, there is this argument that Litecoin, despite the $5,183 million capitalization and a founder with no holding of the fifth most liquid coin in the space, is a test-net, an asset with no fundamental value and unique property.

Read: Over 1.8M Addresses Own $1,000 of Bitcoin (BTC) as to 1.5M Owning $1 of Litecoin (LTC)

Litecoin is literally a Bitcoin spin-off and although it is powered by distributed miners with a proof of work consensus algorithm in place, the network is better decentralized with low block generation time. This, in essence, means Litecoin is better suitable for merchants who desire instant payment and almost zero latency.

Combined this with their integration with Lightning Network and atomic swap which is fronted and developed by the ingenious team led by Elizabeth Stark of Lightning Labs and possibilities are endless. Already we have seen the layer-2 network growing in double-digits in recent time as the number of processing nodes as well as capacity expanding as users prefer speed, security, scalability, and almost negligible fees. But that is not to say that the underlying on-chain system is bogged down by high fees and is slow.

Also Read: Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash Quarterly Performance Report

In fact, the recent upgrade saw Litecoin transaction fees drop by a tenth and whether that would dis-incentivize miners, we are yet to see. However, what we know is that Litecoin is indeed valuable and the immediate metric of gauging what the investor community thinks of the coin is price—up 4.5X in three months.

LTC/USD Price Analysis

At spot rates, Litecoin (LTC) is down 3.7 percent in the last day and could slide more in days ahead. Even so, bulls are in control and in a bullish breakout pattern, every low is technically an entry point with first targets at $110 as laid out in our last LTC/USD price analysis.

Visibly from the chart, we upside momentum is fading and what we have are lower lows relative to the upper BB. This is expected and even natural now that Litecoin has been spearheading gains in the last couple of weeks thanks to stellar fundamentals.

Now, if we paste a simple Fibonacci retracement tool on the high-low of the last leg up above previous resistance now support at $50, odds are today’s slide with continue and it is likely that Litecoin will find support anywhere between $70 and $75 which flash with the 61.8 and 78.6 percent Fibonacci correction levels.

If push comes to shove then LTC could even drop back to $50 in a worst-case scenario but that would be a retest that would eventually form the foundation for the next leg up towards $90 and later $110.

Author: Dalmas N

Litecoin (LTC) Daily Price Forecast: April 11, 2019

On the downward side, if price continues its fall, the LTC price will reach the low at $81 price level.

On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $80, $78, $66

Yesterday, April 10, the price of Litecoin was in a bearish trend. The bearish trend was continuing as price fell to the low at $87.23. The bulls pulled above the 12-day EMA and the 26-day EMA and price reached a high of $92. The price made a downward correction as the price fell to the $84 price level. The crypto’s price is below the EMAs, which indicates that price is likely to fall.

On the downward side, if price continues its fall, the LTC price will reach the low at $81 price level. On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bulls tested the $92 price level but closed at $91 . The bears broke the 12-day EMA and the 26-day EMA as the price fell to the low at $86.06. The crypto’s price is now trading below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 9, 2019

On the downward side, if price continues its fall, the LTC price will reach the $81 price level.

On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $80, $78, $66

Yesterday, April 8, the price of Litecoin was in a bearish trend. The bearish trend of April 6 was continuing as at yesterday. The price fell and broke the 12-day EMA and the 26-day EMA to reach the low at $87.36. The crypto’s price is ranging above the $87 price level while in the bearish trend zone. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downward side, if price continues its fall, the LTC price will reach the $81 price level. On the upside, if the bulls break above the EMAs, the bulls will retest the $96 resistance level. The $96 resistance level prevented the bulls from advancing further to reach the previous high of the cryptocurrency. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low at $86.36. The crypto’s price is now trading below the EMAs.

The bulls tested the 12-day EMA and were resisted again. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 8, 2019

Latest Litecoin (LTC) News

By design, Litecoin exists for the sole purpose of complementing Bitcoin. With fast block time, alternative hash and objective of becoming more of a medium of exchange than a store of value like Bitcoin, the network are gaining traction.

Read: Let’s Look at How Satoshi Nakamoto Jr (aka Charlie Lee’s) 2017 Litecoin Predictions Have Played Out

While there has been no mention from the SEC on whether it is a utility or not, we know that the non-profit organization in Litecoin Foundation is involved in on-boarding new businesses and Charlie Lee, the co-founder of the network did liquidate his holdings when LTC peaked in Dec 2017. It was a smart business move for him and as he did, he actually issued out a statement urging those who were not ready for a deep correction back to $20 not to invest. Well, prices tanked and Charlie earned mega profits.

Also Read: Litecoin’s Charlie Lee “You Can’t be More Wrong” in Lieu of Mike Novogratz’s LTC Glorified Test-net Comment

All the same, for his advocacy efforts, LTC is one of the few pioneer coins and is listed at almost all exchanges including CoinBase meaning it is liquid and its demand did thrust the coin’s value from 2018 doldrums to today’s valuation. If we factor in Mimble Wimble, confidential transactions and the last upgrade in Litecoin Core 0.17 which drastically slash network fees, Litecoin could be undervalued even if it means it is up 3.5X after bottoming out late 2018.

LTC/USD Price Analysis

After days of impressive gains, Litecoin is one of the top performing coins adding 50 percent. That translate to a 3.5X increase after bottoming up from Dec 2018 when it tumbled, touching $22 before recovering.

As a result of these superb gains, Litecoin (LTC) is definitely a top performer. However, we shouldn’t be too excited. In the midst of these rockets, it is likely that underlying momentum is waning. Note that volumes are shrinking and although the trend is bullish, we have a lower low relative to the upper BB.

Besides the risk of liquidation, we can also see that after Apr 2 and 3 bull bars, subsequent bars had long upper wick meaning the trend upwards is slowed down by sellers. Odds are, today will most likely close as a bear and that will precede a correction back to $75-$80 or the 50 percent and 61.8 percent Fibonacci retracement level of the last week’s leg up.

After all, our targets as laid out in the last LTC/USD trade plan has been met and since the trend is set—visible in the weekly chart, every low is technically a buying opportunity with targets at $110.

Author: Dalmas N

Litecoin (LTC) Daily Price Forecast: April 8, 2019

The LTC price is currently trading at $89.26 as at the time of witing.

On the downside, if the bears break below the EMAs, the LTC price is likely to fall to the previous low at either $81 or $87 price level .

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $82, $84, $86

Support Levels: $80, $78, $66

Last week the price of Litecoin had a price breakout. On April 2, the bulls broke the $62 resistance level which had remained unbroken since March 27. The bulls reached a high of $95.41 but were resisted. The bulls were unable to progress further as a result of $96 resistance level. On April 3, the price fell to the 12-day EMA and resumed another bullish trend. On April 6, the bulls tested the $96 resistance level and were resisted again.

The price is retracing to the support of the 12-day EMA . On the upside, if the 12-day EMA holds, the crypto’s price is likely to rise to break the $96 price level. On the downside, if the bears break below the EMAs, the LTC price is likely to fall to the previous low at either $81 or $87 price level . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week, the bulls had been testing the $96 resistance level to break it. The bulls have failed to break the level. Each time the bulls tested the resistance level, the price would fall to the 12-day EMA.

Today, the bulls attempted to break the $96 resistance level but has fallen below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: April 6, 2019

The LTC price is trading at $88.85 as at the time of writing.

On the upside, if the crypto’s price is sustained above the EMAs, the LTC price will reach a high of $100.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $80, $90, $100

Support levels: $70, $60, $50

The LTC/USD pair was in a bullish trend and the pair had a price breakout. Last month, the price of Litecoin traded between the levels of $46 and $62. The crypto’s price was facing resistance at the $62 price level. It was earlier suggested that if the bulls broke the $62 resistance level, the crypto’s price would reach the highs of $70 and $80. On April 2, the crypto’s price had a price breakout that broke the $62 resistance level. The LTC price is trading at $88.85 as at the time of writing. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price is likely to rise.

On the upside, if the crypto’s price is sustained above the EMAs, the LTC price will reach a high of $100. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 5, 2019

Today's Litecoin (LTC) News

Traders based in the European Union will now have access to LTC exchange-traded products (ETPs) through Nordic Growth Market (NGM). Litecoin, which has been enjoying double digit gains in the last couple of days, is expected to benefit from this launch as it continues to expand in its adoption.

Read: Borse Stuttgart’s Nordic Growth Market Sees ETPs Linked to XRP and Litecoin Go Live for EU Investors

The launch will be facilitated by XBT provider listing four products, two for XRP and two for Litecoin. Notably, this way, European traders will have access to LTC in a secure and regulated way boosting confidence among investors.

XBT Provider is already a proven player in the industry having launched its first Bitcoin-backed product called Bitcoin Tracker One on Nasdaq Stockholm exchange. So far, XBT Provider has gone on to launch at least eight crypto-backed investments.

Also Read: Michael Novogratz Shares Bitcoin Stat Stuffers against Litecoin’s Rally, Echoing “Sell LTC Buy BTC”

Following the announcement, Ryan Radloff, CEO of CoinShares stated:

“This is an important moment for traditional investors and the crypto community alike as LTC and XRP now, effectively, has an ISIN number. This was not an easy feat and a lot of credit is due to our MD of XBT Provider, Laurent Kssis and his counterparts at NGM for their expertise in navigating the complexities of the traditional system and bringing these new digital asset products to market for investors”

LTC/USD Price Analysis

At spot rates, Litecoin (LTC) is up 44 percent in the last week outperforming mainstream assets like Bitcoin (BTC). Its performance is almost twice that of the world’s most liquid asset. Nonetheless, what is interesting is candlestick arrangements and recent surge that makes the asset a top performer in this definitive week.

Notice that unlike other assets, the announcement of Mimble Wimble integration by Charlie Lee and the prospect of confidential transaction did spur that first wave in early February and traders have been building on it benefiting investors.

Now, thanks to Apr 2 upswing, our buy skew was confirmed when bulls blasted above $65 hitting our first target at $70 and now closing in on the second main target at $90. Although there is likelihood of a correction, typical of such upswings, in a retest phase, the fact that Litecoin bulls are trending above important resistance levels mean the trend has been set and the path of least resistance is to the north. To that end, every low is technically a buy opportunity allowing both sets of traders to fine-tune entries in lower time frames while aiming at $90 and later $110.

Author: Dalmas N

Litecoin (LTC) Daily Price Forecast: April 4, 2019

The LTC price is currently trading at $88.30 as at the time of writing.

On the upside, if price retraces to the support of the 12-day EMA and the 26-day EMA, the LTC price will rise.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $82, $84, $86

Support Levels: $80, $78, $66

Yesterday, April 3, the price of Litecoin was in the bullish trend zone. Yesterday, the LTC price tested the $96 price level and the bulls were resisted. The crypto’s price is retracing from the recent high. On the upside, if price retraces to the support of the 12-day EMA and the 26-day EMA, the LTC price will rise.

On the downside, if price retraces and breaks below the EMAs, the LTC price will resume a downward trend. The LTC price is currently trading at $88.30 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bulls tested the $96 resistance level twice to break it but were resisted. The price fell to the support of the 26-day EMAs. On the downside, if the price break below the EMAs, the crypto’s price is likely to continue its fall.

On the other hand, if the 26-day EMA support holds, the crypto’s price is likely to hold. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 2, 2019

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70

Support Levels: $50, $48, $46

Yesterday, April 1, the price of Litecoin was in the bearish trend zone. The bearish trend was as a result of the resistance at the $62 price level. Since on March 16, the bulls have been making concerted efforts to break the $62 resistance level but to no avail. Today, the LTC price has a price breakout and the bulls broke the $62 resistance level. On the upside, if the price is sustained above the 12-day EMA and the 26-day EMA, the crypto’s price is likely to rise. Today, LTC price is trading at $68.59 as at the time of writing.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The price fell to a low at $61 and commenced a bullish trend. The bulls has broken above the 12-day EMA and the 26-day EMA. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: April 1, 2019

On the downside, if the price continues its fall, it may fall to the previous low at $58.90.

On the upside, if the bulls break above the EMAs, the bulls will retest the $62 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Last week the price of Litecoin was in the bullish trend zone. The LTC price fell to the bearish trend zone after the bulls failed to break the $62 resistance level. The crypto's price made two attempts at the $62 resistance level. At each attempt, the crypto's price would fall to the support of 12-day EMA. However, on March 30, the resistance made the price to fall to the bearish trend zone.

On the downside, if the price continues its fall, it may fall to the previous low at $58.90. On the upside, if the bulls break above the EMAs, the bulls will retest the $62 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is above 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The price reached the $62 resistance level but was resisted. The LTC price fell to the support of the 26-day EMA

If the bulls break the EMAs, the crypto price will retest the $62 resistance level. On the other hand, if the bulls fail to break above the EMAs, the price will fall below the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: March 30, 2019

The crypto’s price is now ranging below the $62 resistance level.

On the upside, if the bulls break the $62 resistance level, the crypto’s price will reach the high of either $70 or $80.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $60, $70, $80

Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend in the month of March. The crypto’s price was trending above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. On March 1, the crypto has an opening balance of $46.62 but traded up to the high of $62 . The LTCUSD pair appreciated by 34.78% in its capitalization in the month of March. On March 16, the bulls tested the $62.40 price level and the price fell to the support of 12-day EMA. The bulls tested the $62 resistance level on more than two occasions but were resisted. The crypto’s price is now ranging below the $62 resistance level.

On the upside, if the bulls break the $62 resistance level, the crypto’s price will reach the high of either $70 or $80. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: March 28, 2019

On the upside, if the price is sustained above the EMAs, the bulls will break the $62 price level.

On the downside, if the bearish trend continues, the crypto’s price will fall and find support at the $58 price level.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Yesterday, March 27, the price of Litecoin was in a bullish trend. The crypto’s price had earlier fallen to the bearish trend zone after testing the $62 resistance level. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the bullish trend zone. The price reached a high of $62.37 and the bulls were resisted.

The price is retracing and can possibly fall below the EMAs. On the upside, if the price is sustained above the EMAs, the bulls will break the $62 price level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The crypto’s price is trending above the 12-day EMA. On March 27, the bulls reached a high of $62.37 and price retraced and fell below the EMAs.

On the downside, if the bearish trend continues, the crypto’s price will fall and find support at the $58 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: March 28, 2019

Today's Litecoin (LTC) News

CoinBene says it is “the World's Leading Trustworthy Crypto Assets Platform” at its homepage and as a pro-safety platform, rumors of being hacked are unfounded and pure lies. But this was expected. Centralized cryptocurrency exchanges are honeypots for increasingly sophisticated and nefarious actors. And in 2019, it seems, exchanges “stepped in” with the wrong foot.

Read: Crypto Exchange CoinBene Affirms Long Maintenance Downtime Period Is Not Due To A Hack

After QuadrigaCX drama, Cryptopia sustained hemorrhage and Monday’s DragonEX loss, news of CoinBene hack would have been too much for the community. Encouragingly for the platform’s clients may be spared at the expense of the exchange’s reputation even if it wasn’t hacked. The damage has been done and customers are apprehensive.

But it all started when a Twitter user took to the public that his attempt to deposit funds has been stuck on pending for over an hour and “unfairly” concluding that, well, the exchange has been hacked.

Despite the exchange responding and clarifying that the reason for delay because of wallet maintenance preventing deposits and withdrawals, the hacking rumor did spread like wildfire.

Also Read: Binance Goes Good Will Hunting, Plans to Freeze All Identified Stolen Funds from DragonEx

The situation was further exacerbated by Nick Schteringard, a reporter with Forklog, who reference two ETH wallets with suspicious trading activities. All the same, the failure of CoinBene to make public their wallet maintenance did cast doubt on the safety of user funds but the exchange seems to be working on this and reassuring those in that their platform is secure.

LTC/USD Price Analysis

Up one percent in the last day, Litecoin (LTC) bulls are in control and trading within a bullish breakout pattern. If anything, our last LTC/USD trade plan is valid and as long as prices are trending above $50 and the 20-day MA, traders should consider loading up on every dip with first targets at $70 and later $90. It is easy to see why.

First, note that prices are literally in consolidation mode and although we have these lower lows printing in relation to the upper BB, buyers are firm and likely to edge higher in days ahead. On a more cautious approach, it would be ideal if traders load up once there is a high-volume break above Mar 16 highs at $62. Accompanying volumes, in this case, must exceed 254k of Mar 16 and preferably 410k of Mar 5 in a trend continuation phase with first targets at $90 as laid out before.

Note that even if yesterday’s prices were firm, volumes were low—168k, meaning participation was not as high to warrant a strong bull signal. As a result, caution must prevail and solid confirmation of yesterday’s three-bar bull reversal pattern would definitely reaffirm buyers of Mar 5. Failure could see LTC drop to $50—55 zone.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N

Litecoin (LTC) Daily Price Forecast: March 26, 2019

On the upside, if the bulls break above the EMAs, the LTC price will resume its bullish trend and retest the $62 resistance level.

On the downside, the crypto’s price will fall if the bulls fail to break the EMAs.

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Yesterday, March 25, the price of Litecoin was in the bearish trend zone. The price of Litecoin had been in a bearish trend in the last three days. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell into the bearish trend zone. The crypto’s price is below the EMAs which indicate that price is likely to fall again.

However, the bulls are attempting to break the EMAs. On the upside, if the bulls break above the EMAs, the LTC price will resume its bullish trend and retest the $62 resistance level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On March 25, the bulls tested the $60 price level and were resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $58.12.

The bulls are making an attempt to break above the EMAs. The 12-day EMA has been broken but is yet to break the 26-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: March 25, 2019

On the upside, if the bulls break the resistance levels, the crypto’s price will rise and reach a high of $70.

On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low of $58.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a bullish trend. The LTC price had been facing the $62 resistance level. The bulls tested the $62 resistance level and fell to the support of the 12-day EMA and the 26-day EMA. On March 23, the bulls tested the $61 resistance level and the price fell below the EMAs. Today, the bulls are making another attempt at the resistance levels.

On the upside, if the bulls break the resistance levels, the crypto’s price will rise and reach a high of $70. On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low of $58. The crypto’s price is trading at $60.01 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Last week the price of Litecoin fell to a low at $58 and commenced a bullish trend above the 12-day EMA and the 26-day EMA.

The bulls are now making an attempt at the resistance levels. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Long-Term Price Forecast: March 23, 2019

On the upside, if the bulls break the $60 price level, the crypto’s price will reach the highs of $70 and $80.

On the downside, if the bulls fail to break the resistance level, the crypto’s price will fall.

LTC/USD Long-term Trend: Bullish

Resistance Levels: $60, $70, $80

Support levels: $50, $40, $30

The LTC/USD pair is in a bullish trend in the month of March. The price of Litecoin had been in the bullish trend zone in the previous month. Since on March 7, the bulls have been testing the $60 resistance level. The bulls tested the resistance level on three occasions without breaking it. On March 16, the bulls broke the $60 price level but the bears pulled back price below the resistance level. On the upside, if the bulls break the $60 price level, the crypto’s price will reach the highs of $70 and $80.

On the downside, if the bulls fail to break the resistance level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: March 21, 2019

The crypto’s price is trading at $59.50 as at the time of writing.

On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low at $58.

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Yesterday, March 20, the price of Litecoin was in a sideways trend. The 12-day EMA and the 26-day EMA were trending horizontally indicating the sideways trend. The crypto’s price fell to a low at $58.70 and commenced a range bound movement above it. Today, the bulls broke the EMAs and commenced a bullish trend. The crypto’s price is trading at $59.50 as at the time of writing. On the upside, the crypto’s price is expected to rise as it above the EMAs.

The crypto’s price is likely to face resistance at the $62 price level. On the downside, if the bulls fail to overcome the $62 resistance level, the crypto’s price will fall to the previous low at $58. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. Yesterday, while in a sideways trend, the bears took price to a low at $57.53 and the bulls pulled back price above the 12-day EMA and the 26-day EMA. The crypto’s price is now trending above the 12-day EMA. The price of Litecoin is facing an initial resistance at the $61 price level.

If the price retraced to the 12-day EMA, the bulls are likely to resume their bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: March 20, 2019

Today's Litecoin News

CMC, the real-time coin tracker, is one of the most reliable and longest-serving coin trackers in the space. Talks of propagating manipulation and accusation of failing to de-list exchanges broadcasting fake volumes might have damaged their reputation but it is their latest move that could move them back on track. CMC has partnered with a blockchain analytic firm and together they shall be grading ranked crypto assets.

Read: New Bitcoin Regulations Coming to Nevada, California, OK, RI and Hawaii Following BitLicense’s Lead

By using a new rating system, Fundamental Crypto Asset Score (FCAS) that takes into account developer behavior-known to spike ahead of big announcements, user activity, and market maturity, end users will have a better and a comparative metric that will test the viability of the project and its future growth perspective.

Better still, because FCAS incorporates deep set data—collected from different sources and internally parsed– and influencing fundamentals, navigating the burgeoning space is now easy for the end user. As expected, a big chunk of the indicator’s score will be derived from user activity—tracking how customers frequent the network’s platform– and developer behavior—where the frequency of code changes, code improvements, and community involvement will be analyzed and scored.

Also Read: Major Bitcoin Security Professional Targeted in Assassination Attempt, Leads to Fervent Search to Hide

From FCAS ratings, Litecoin has an A meaning it is excellent and equally drawing customers and developers.

LTC/USD Price Analysis

With a market cap of $3.5 billion, Litecoin (LTC) is the fifth most capitalized coin in the space. With rumors of MimbleWimble implementation and CTs, LTC has been outperforming other assets in the space. In the last week, for example, Litecoin added a 4.2 percent and trading above $50 in a bullish breakout pattern.

As it is, upside momentum is strong and although prices are pulling back after finding resistance at $60, very low—in light of candlestick arrangement—above $50 should be a buying opportunity for both set of traders with first targets at $90. However, if there is a high volume (exceeding 407k of Mar 5 and the recent average of around 172k) drop reversing gains of Mar 15 and 16, then aggressive traders should exit longs because it is likely that prices will retest $50 before buyers resume trend.

All the same, the contagion effect will pick up and performance will be in part dependent on Bitcoin’s. If prices slow down and drop, then we shall see a mirror effect as losses in most altcoins will amplify. In that case, the drop to $50 will be accelerated.

On a more optimistic approach and should bulls pick up as prices stabilize above $60, then traders should add their longs as prices break clear off $50 towards our ideal bull targets at $90 and later $110.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N

Litecoin (LTC) Daily Price Forecast: March 19, 2019

The price of Litecoin is trading at $58.42 as at the time of writing.

If the bulls break above the EMAs, the crypto’s price will revisit the previous highs of $60 and $62.

On the other hand, if the bulls fail to break above the EMAs the crypto’s price is likely to fall to the low of $54.91

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Yesterday, March 18, the price of Litecoin was in a bearish trend. Yesterday, the bulls tested the $62 price level and the crypto’s price was resisted. The bears broke the 12-day EMA and the 26-day EMA to fall to a low at $58.70 which resulted in a range bound movement. While in the bearish trend zone the bulls are testing the 12-day EMA to break above it. The price of Litecoin is trading at $59.40 as at the time of writing.

If the bulls break above the EMAs, the crypto’s price will revisit the previous highs of $60 and $62. On the other hand, if the bulls fail to break above the EMAs the crypto’s price is likely to fall to the low of $54.91 . Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. Yesterday, the bears broke below the EMAs after the bulls were resisted at the $61 price level. The LTC price fell to a low at $58 and it is ranging below the 12-day EMA and the 26-day EMA. The bulls are trying to break above the EMAs.

If the bulls fail to break above the EMAs, the crypto’s price will continue its range bound movement. On the other hand, the crypto’s price will fall since it is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.

Author: Azeez M

Litecoin (LTC) Daily Price Forecast: March 18, 2019

The price of Litecoin is trading at $60.48 as at the time of writing

On the upside, if the bulls break the $64 resistance level and price is sustained above it, the price of Litecoin will reach a high of $70.

On the other hand, if the bulls fail to sustain a price above the $64 price level, the crypto’s price will fall.

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70

Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a sideways trend. The price of Litecoin was ranging above the $56 in a range bound movement. The 12-day EMA and the 26-day EMA was trending horizontally indicating the sideways trend. On March 15, the bulls broke the EMAs as the price reached a high of $62.26. The bears made a downward correction to the low of $61.54.