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January Litecoin Price PredictionPrimeXBT has investigated the markets and found some relevant data about LTC/USD that we would like to share with you. Litecoin bulls could push the digital asset towards the upper boundary of the small ascending channel, with a breakthrough the resistance line of the falling wedge being a historically bullish reversal formation. Also, the price hit its main resistance level of $52, but it needs some further time to close above it. On the other hand, a break below the $48 support level could provoke an even deeper decline towards the $40-36 support zone. Major crypto assets such as Litecoin, Ethereum, Ripple, EOS were long overdue to see some relief rallies or recovery from their low support levels. Whether the recent upside movement of the crypto market is the start of a proper "Altseason" or merely a strong reaction to testing low supports still remains to be seen. Historical data indicates that it is too early to determine that an "Altseason" is beginning, and with most assets being down so significantly against their BTC trading pairs, it is difficult to consider whether their recent upsurge was large enough to position the market for a potential rally. Resistance Target Zones: $62.2 - 64.4, 78 - 80 Support Levels: $50, 48, 43.8, 38, 36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC PrimeXBT only offers you the most valuable analysis each day. Keep an eye out for more PrimeXBT trading signals for other assets.
BITFINEX:LTCUSDLong
by UnknownUnicorn3931771
2
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD . According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture. Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38. Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level. Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels. If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal. Resistance Zone: $45 - $50 Support Level: $40, $38, $36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC The best way to get consistent quality analysis is to follow us. As always, be careful, and don't forget about capital & risk management.
BITFINEX:LTCUSD
by UnknownUnicorn3931771
2
Whales Control Majority of LitecoinPrimeXBT will be now be offering a technical and fundamental analysis overview of LTCBTC. News : More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses. Switzerland-based cryptocurrency bank SEBA is now fully operational. The bank is offering SEBAwallet app, e-banking, and SEBA card facilities, through which customers can manage five cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC), and convert them into traditional currencies and vice versa online, per their announcement. Technical Analysis : When compared with Bitcoin, LTC is still trading well within a descending channel formation, which shows that the market is undecided. Its bulls are experiencing some difficulty, as the coin recently broke below its support at 5600 SAT and continued to fall down towards 5500 SAT. The critical support level is located at level 5100 SAT and below. However, a strong attempt by bulls to sway the market could lead the coin to be pushed above its moving averages until it finds resistance at 5980 SAT and above. Meanwhile, the price of Litecoin is currently at 5540 SAT, and a spike in volatility could occur as its RSI is about to enter the oversold area. Also, the indicator has formed a bullish divergence, which often indicates that a bullish trend reversal is forming. Resistance Levels: 0.00574, 0.00598, 0.00615 Support Level: 0.00550 Market Cap: $2 582 278 919 USD Volume (24h): $2 864 953 826 USD Circulating Supply: 63 704 644 LTC As always, be careful, and don't forget about capital & risk management. Please, let us know what you think in the comments below. We appreciate the continued support that PrimeXBT has received from readers and traders like you!
Long
by UnknownUnicorn3931771
7
LTCUSD DowntrendLitecoin is still stuck in a major downtrend, so, there are currently no good bullish entries unless you are going REALLY long, I understand the price is very cheap. Promising signs of a bullish reversal include MACD rising, and price hitting a nice short term support level of ~40. Price is currently in such an awkward spot it is difficult to short or buy. Advanced traders with a lot of capital may capitulate on this uncertainty that the middle of the trend provides. ~0.78 regression downtrend.
BITFINEX:LTCUSDLong
by Bixley