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ETHUSD and LTCUSD Technical Analysis – 01st DEC, 2022ETHUSD: Piercing Pattern Above $1151 Ethereum was unable to sustain its bearish momentum and after touching a low of 1151 on 23rd Nov, the price started to correct upwards against the US dollar crossing the $1300 handle today in the Asian trading session. After touching $1300 handle we can see some downward correction in the levels of Ethereum which is expected to enter into a consolidation phase now. We can see the formation of bullish engulfing lines in the 2-hour time frame. We can clearly see a piercing pattern above the $1151 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just below its pivot level of 1284 and is moving into a vonsolidation channel. The price of ETHUSD is now testing its vlassic resistance level of 1290 and Fibonacci resistance level of 1296 after which the path towards 1300 will get cleared. The relative strength index is at 67 indicating a STRONG demand for Ether and the continuation of the buying pressure in the markets. We can see both the bullish harami and bullish harami cross pattern in the 15-minute time frame. Both the STOCH and STOCHRSI are indicating overbought levels, which means that the prices are expected to decline in the short-term range. Most of the technical indicators are giving a STRONG BUY market signal. Most of the moving averages are giving a BUY signal and we are now looking at the levels of $1300 to $1350 in the short-term range. ETH is now trading above its 100 hourly simple and exponential moving averages. Ether: bullish reversal seen above the $1151 mark The short-term range appears to be mildly bullish ETH continues to remain above the $1200 level The average true range is indicating HIGH market volatility Ether: Bullish Reversal Seen Above $1151 ETHUSD is now moving into a mildly bullish channel with the prices trading above the $1200 handle in the European trading session today. ETH is now preparing to enter into a consolidation phase above the $1250 handle, after which fresh upside waves are expected. ETHUSD touched an intraday high of 1304 in the Asian trading session and an intraday low of 1277 in the European trading session today. We can see a bullish trend reversal signal with adaptive moving averages AMA20 and AMA50 in the 15-minute time frame. The resistance of the channel is broken in the daily time frame indicating a bullish trend. The daily RSI is printing at 52 indicating a neutral demand for Ether in the long-term range. The key support levels to watch are $1202 which is a 14-3 day raw stochastic at 70% and $1211 at which price crosses 18 day moving average. ETH has increased by 1.19% with a price change of 15.13$ in the past 24hrs and has a trading volume of 7.849 billion USD. We can see a decrease of 2.57% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead ETH price continues to remain under bullish pressure and after the current consolidation wave is over, we can expect fresh upsides in the ranges of $1300 and $1400 this week. We can see the formation of a major bullish trendline in place from $1151 towards $1295 levels. The immediate short-term outlook for Ether has turned bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral in present market conditions. The price of ETHUSD will need to remain above the important support level of $1208 at which the price crosses the 9-day moving average stalls. The weekly outlook is projected at $1400 with a consolidation zone of $1350. Technical Indicators: The relative strength index (14): is at 67.69 indicating a BUY The rate of price change: is at 9.65 indicating a BUY The bull/bear power (13): is at 46.55 indicating a BUY The high/lows (14): is at 33.40 indicating a BUY LTCUSD: Bullish Engulfing Pattern Above $70.56 Litecoin was unable to sustain its bearish momentum last week and after touching a low of $70.56 on 28th Nov the prices started to move upwards against the US dollar touching a high of $80.34 today in the Asian trading session. The price of Litecoin is ranging near the support of the triangle in the 15-minute time frame indicating the bullish scenario. We can clearly see a bullish engulfing pattern above the $70.56 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading above its 100 hourly simple moving averages and below its 200 hourly simple moving averages. The price of LTCUSD is just above its pivot levels of 77.18. The relative strength index is at 66.81 indicating a STRONG demand for Litecoin and the continuation of the buying pressure in the markets. We can see the formation of a bullish price crossover pattern with adaptive moving average AMA50 in the 30-minutes time frame. Litecoin touched an intraday high of $80.34 and an intraday low of $76.36 in the Asian trading session today. The price of Litecoin continues to remain above most of the moving averages, which are now giving a STRONG BUY signal at current market levels of 77.17. The STOCHRSI and ADX are both indicating neutral levels, which means that the prices are expected to move towards the consolidation phase in the short-term range. The short-term outlook for Litecoin has turned mildly bullish. Most of the technical indicators are giving a buy signal Litecoin: bullish reversal seen above the $70.56 level The commodity channel index is giving a neutral signal The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $70.56 The price of Litecoin is moving in a mildly bullish momentum above the $76.00 handle and more upsides are projected at $80 and $85 levels. The momentum indicator is back over zero in the 30-minute time frame indicating bullish trends. The ichimoku price is over the cloud in the 4-hour time frame indicating the bullish nature of the markets. The RSI indicator is back over 50 in the 2-hour time frame. The price of Litecoin is ranging near a NEW record high of 1 month. The price of LTCUSD is now facing its classic resistance level of 78.02 and Fibonacci resistance level of 78.90 after which the path towards $80 will get cleared. Litecoin is now facing its resistance zone at $80.80 which is a pivot point and at $82.05 which is a 13-week high. The daily RSI is printing at 63.01 which indicates a strong demand for Litecoin and the continuation of the bullish phase in the medium-term range. LTCUSD has decreased by 1.21% with a price change of 0.9479$ in the past 24hrs and has a trading volume of 0.649 billion USD. Litecoin’s trading volume has decreased by 9.74% compared to yesterday which appears to be normal. The Week Ahead The price of Litecoin continues to retain the gains against the US dollar and is currently trading above the $77 handle in the European trading session today. We are expecting more upsides towards the $80 and $85 levels, but some correction is also expected due to the neutral stance of some technical indicators. We can see the formation of a bullish trendline in place from the $70.56 levels towards the $81.34 level. The price of Litecoin needs to remain above the important support level of $67.78 which is a 14-3 day raw stochastic at 50%. The short-term outlook for Litecoin has turned bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $85 with a consolidation zone of $80. Technical Indicators: The moving averages convergence divergence (12,26): is at 29.55 indicating a BUY The relative strength index (14): is at 66.81 indicating a BUY The bull/bear power (13): is at 47.14 indicating a BUY The rate of price change: is at 9.475 indicating a BUY Disclaimer: This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
COINBASE:ETHUSD
by FXOpen
Litecoin- New leg up?In my previous Litecoin analysis, I said that the structure for this coin is very bullish and we can have a rise towards 100 important figure in the medium term. Indeed, after a very short-lived spike under 60, LtcUsd has risen and broke above 65 resistance which was also the resistance of an ascending triangle. Acceleration followed and a top around 80. After this top a correction was normal and, the Pin Bar from yesterday exactly at the beginning of November's top could signal a new leg up. I expect continuation and Ltc back above 80 would bring confirmation for this. My target remains unchanged, towards 100. Only a daily close under 65 would change my bullish outlook.
COINBASE:LTCUSDLong
by Mihai_Iacob
4
ETHUSD and LTCUSD Technical Analysis – 23rd JUNE, 2022ETHUSD – Bullish Harami Pattern Above $936 Ethereum was unable to sustain its bearish momentum and after touching a low 893 on 18th June started to correct upwards against the US Dollar. We can see that the prices have recovered from its lows and a pullback action is seen at levels below $1000. We can see the formation of a Bullish Ascending channel below the $1000 handle and now we are looking at $1100 and $1250 as the immediate targets. The prices touched an Intraday Low of $1046 in the Asian Trading session and an Intraday High of $1107 in the European Trading session today. We can clearly see a Bullish Harami Pattern Above the $936 handle which is a Bullish pattern and signifies the end of a Bearish phase and the start of a Bullish phase in the markets. ETH is now trading above its Pivot levels of 1096 and is moving into a Strong Bullish channel. The price of ETHUSD is now testing its Classic resistance levels of 1101 and Fibonacci resistance levels of 1110 after which the path towards 1200 will get cleared. Relative Strength Index is at 52 indicating a NEUTRAL market and the shift towards the consolidation phase in the markets. Both the STOCHRSI and Williams Percent Range are indicating Overbought levels, which means that the prices are due to correct downwards in the short-term range. ALL of the of the Technical indicators are giving a STRONG BUY market Signal. Most of the Moving Averages are giving a BUY Signal and we are now looking at the levels of $1100 to $1250 in the short-term range. ETH is now trading Above its both the 100 Hourly Simple and Exponential Moving Averages. Ether Bullish Reversal seen Above the $936 mark. Short-term range appears to be Strongly BULLISH. ETH is poised for an upwards Rally against the US Dollar. Average True Range is indicating LESS Market Volatility. Ether Bullish Reversal Seen Above $936 ETHUSD is now moving into a Strong Bullish Channel with the prices trading above the $1100 handle in the European Trading session today. The On Balance Volume is indicating that the demand from the buyers and sellers is in equilibrium, meaning that the present prices of Ether are moving into a consolidation phase. Now we are looking at the possibility of a Rally into the markets which could push the prices of Ether above the $1500 levels soon. The key resistance levels to watch are $1275 and $1300 and the prices of ETHUSD need to cross these levels for the continuation of the Bullish reversal. ETH has increased by 1.50% with a price change of 16$ in the past 24hrs and has a trading volume of 14.913 Billion USD. We can see an Increase of 3.86% in the total trading volume in last 24 hrs. which appears to be Normal. The Week Ahead The global investor sentiments have improved as we can see a recovery of almost 30% from a low of $893 to a high of $1189 reached yesterday. The prices of Ethereum continue to remain above the important psychological support levels of $1000 and we can witness an upwards Rally into the markets in the next week. The immediate short-term outlook for the Ether has turned as Strongly BULLISH, the medium-term outlook has turned NEUTRAL, and the long-term outlook for Ether is NEUTRAL in present market conditions. In this week Ether is expected to move in a range between the $1100 and $1250 and in the next week Ether is expected to enter into a Consolidation phase above the $1250 levels. Technical Indicators: STOCH (9,6): It is at 76.59 indicating a BUY. Average Directional Change(14days): It is at 23.69 indicating a BUY. Rate of Price Change: It is at 3.61 indicating a BUY. Commodity Channel Index(14days): It is at 129.70 indicating a BUY. LTCUSD – Bullish Engulfing Pattern Above $41 Litecoin was unable to sustain its bearish momentum last week and after touching a Low of 42.09 on 18th June started to correct upwards against the US Dollar. We can see a continuous recovery into the markets which has managed to push the prices of Litecoin above the $50 handle in the European Trading session today. We can clearly see a Bullish Engulfing Pattern Above the $41 handle which is a Bullish pattern and signifies the end of a Bearish phase and the start of a Bullish phase. Litecoin is now trading Above its 100 hourly Simple moving averages and 200 hourly Exponential moving averages. The price of LTCUSD is just Below its Pivot levels of 55.22 Relative Strength Index is at 64 indicating a STRONG market, and the continuation of the buying pressure this week. The prices of Litecoin continue to remain Above all of the Moving Averages, which are now giving a STRONG BUY Signal at current market levels of 54.95 Both the STOCH and STOCHRSI are indicating Overbought levels, which means that the prices are due to correct downwards in the short-term range. The Short-Term outlook for the Litecoin has turned Strong BULLISH. ALL of the Technical Indicators are giving a STRONG BUY Signal. Litecoin Bullish Reversal seen Above the $41 levels. Litecoin consolidation has started above the $54 handle. Average True Range is indicating LESS Market Volatility. Litecoin Bullish Reversal Seen Above $41 We can see that the prices of Litecoin are now moving in a consolidation channel above the $54 handle in the European Trading session today. The consolidation pattern is indicating that if the prices continue to remain above the $50 handle, we can see a rise towards the $55 and $60 levels. The price of LTCUSD is now facing its Classic resistance levels of 55.61 and Fibonacci resistance levels of 56.03 after which the path towards $60 will get cleared. The Daily RSI is printing at 47 which is indicating a Neutral market and the continuation of the consolidation channel. LTC has increased by 6.28% with a price change of 3.25$ in the past 24hrs and has a trading volume of 0.643 Billion USD. Litecoin trading volume has increased by 8.28% as compared to yesterday which appears to be Normal. The Week Ahead In this week we are looking at the continuation of the consolidation channel above the $50 handle. If the prices remain above these levels, we can see some bullish moves in the next week. The short-term outlook for Litecoin has turned as STRONG BULLISH, the medium-term outlook is NEUTRAL, and the long-term outlook is NEUTRAL at present market conditions. In this week we are looking at levels of $50 to $55 and in the next week Litecoin is expected to consolidate at levels above $55. Technical Indicators: Relative Strength Index(14days): It is at 64 indicating a BUY. Average Directional Change(14days): It is at 44.84 indicating a BUY. Rate of Price Change: It is at 7.18 indicating a BUY. Ultimate Oscillator: It is at 54.42 indicating a BUY.
COINBASE:ETHUSD
by FXOpen
ETHUSD and LTCUSD Technical Analysis – 30th JUNE, 2022ETHUSD – Bearish Doji Star Pattern Below $1279 Ethereum was unable to sustain its bullish momentum and after touching a high of 1278 on 26th June started to decline heavily against the US Dollar. We can see that the prices have fallen below the $1100 handle and now trading at $1052 in the European Trading session today. We can see the formation of a Falling Trend Channel below the $1200 handle and now we are looking at $1050 and $1000 as the immediate targets. The prices touched an Intraday Low of $1049 in the European Trading session and an Intraday High of $1117 in the Asian Trading session today. We can clearly see a Bearish Doji Star Pattern Below the $1279 handle which is a Bearish pattern and signifies the end of a Bullish phase and the start of a Bearish phase in the markets. ETH is now trading below its Pivot levels of 1069 and is moving into a Strong Bearish channel. The price of ETHUSD is now testing its Classic support levels of 1015 and Fibonacci support levels of 1057 after which the path towards 1000 will get cleared. Relative Strength Index is at 24 indicating an OVERSOLD market and the shift towards the consolidation phase in the markets. Both the STOCHRSI and Williams Percent Range are indicating Oversold levels, which means that the prices are due to correct upwards in the short-term range. All of the of the Technical indicators are giving a STRONG SELL market Signal. All of the Moving Averages are giving a STRONG SELL Signal and we are now looking at the levels of $1000 to $950 in the short-term range. ETH is now trading Below its both the 100 Hourly Simple and Exponential Moving Averages. Ether Bearish Reversal seen Below the $1279 mark. Short-term range appears to be Strongly BEARISH. ETH failed to clear its resistance of $1300. Average True Range is indicating LESS Market Volatility. Ether Bearish Reversal Seen Below $1279 ETHUSD is now moving into a Strong Bearish Channel with the prices trading below the $1100 handle in the European Trading session today. We have also detected the formation of a Bearish Harami pattern in the 15-minutes timeframe indicating weakness and the continuation of the downtrend. The Commodity Channel Index is giving Oversold levels which means that the prices of Ethereum are due for an upwards correction. The key support levels to watch are $1036 and $1015 and the prices of ETHUSD need to remain above these levels for any Bullish reversal. ETH has decreased by 7.05% with a price change of 79$ in the past 24hrs and has a trading volume of 15.621 Billion USD. We can see an Increase of 7.43% in the total trading volume in last 24 hrs. which appears to be Normal. The Week Ahead The global investor sentiments are weak due to the changing Geo-political situation in the Europe, amid the ongoing Russia-Ukraine conflict and meeting of NATO leaders in Madrid. The prices of Ethereum continue to remain above the important psychological support levels of $1000 and most of the technical are now indicating a Neutral market. The immediate short-term outlook for the Ether has turned as Strongly BEARISH, the medium-term outlook has turned NEUTRAL, and the long-term outlook for Ether is NEUTRAL in present market conditions. In this week Ether is expected to move in a range between the $1000 and $1150 and in the next week Ether is expected to enter into a Consolidation phase above the $1100 levels. Technical Indicators: STOCH (9,6): It is at 38.51 indicating a SELL. Average Directional Change(14days): It is at 40.18 indicating a SELL. Rate of Price Change: It is at -4.50 indicating a SELL. Ultimate Oscillator: It is at 34.22 indicating a SELL. LTCUSD – Bearish Pin Bar Pattern Below $60 Litecoin was unable to sustain its bullish momentum last week and after touching a High of 60.44 on 26th June started to decline heavily against the US Dollar. We can see the formation of Moving Average Bearish crossover pattern of MA20 and MA50 in the 30 minutes timeframe indicating the Downtrend. We can clearly see a Bearish Pin Bar Pattern Below the $60 handle which is a Bearish pattern and signifies the end of a Bullish phase and the start of a Bearish phase. Litecoin is now trading Below its 100 hourly Simple moving averages and 200 hourly Exponential moving averages. The price of LTCUSD is just Below its Pivot levels of 51.61 Relative Strength Index is at 33 indicating a WEAK market, and the continuation of the selling pressure this week. The prices of Litecoin continue to remain Below all of the Moving Averages, which are now giving a STRONG SELL Signal at current market levels of 51.27 Both the STOCHRSI and Williams Percent Range are indicating Oversold levels, which means that the prices are due to correct Upwards in the short-term range. The Short-Term outlook for the Litecoin has turned Strong BEARISH. ALL of the Technical Indicators are giving a STRONG SELL Signal. Litecoin Bearish Reversal seen Below the $60 levels. Average Directional Change is indicating a Neutral market. Average True Range is indicating HIGH Market Volatility. Litecoin Bearish Reversal Seen Below $60 We can see that the prices of Litecoin continue to fall and are now trading below the $52 handle in the European Trading session today. The Commodity Channel Index is indicating Oversold levels which means that the prices are due for an Upwards correction. Litecoin failed to clear its resistance above $60 and now we are looking at $50 and $48 as the immediate targets. The price of LTCUSD is now facing its Classic support levels of 50.79 and Fibonacci support levels of 51.38 after which the path towards $50 will get cleared. The Daily RSI is printing at 42 which is indicating a Neutral market and the continuation of the selling pressure in the medium-term range. LTC has decreased by 2.01% with a price change of 1.05$ in the past 24hrs and has a trading volume of 0.587 Billion USD. Litecoin trading volume has increased by 7.40% as compared to yesterday which appears to be Normal. The Week Ahead The prices of Litecoin need to remain above the $50 handle for any bullish correction in its levels in the next week. Litecoin is expected to gain some Bullish traction next week after this decline and we are looking at the possible targets of $55 and $58. The short-term outlook for Litecoin has turned as STRONG BEARISH, the medium-term outlook is NEUTRAL, and the long-term outlook is NEUTRAL at present market conditions. In this week we are looking at levels of $50 to $55 and in the next week Litecoin is expected to consolidate at levels above $55. Technical Indicators: Relative Strength Index(14days): It is at 33 indicating a SELL. STOCH (9,6): It is at 40.61 indicating a SELL. Rate of Price Change: It is at -3.13 indicating a SELL. Ultimate Oscillator: It is at 42.08 indicating a SELL.
COINBASE:ETHUSD
by FXOpen
ETHUSD and LTCUSD Technical Analysis – 24th NOV, 2022ETHUSD: Bullish Engulfing Pattern Above $1075 Ethereum was unable to sustain its bullish momentum and after touching a high of 1230 on 20th Nov, the prices started to decline against the US dollar touching a low of 1078 on 22nd Nov. After this decline we can see some upwards correction in the levels of Ethereum towards the $1200 handle. We can see a three white soldiers pattern in the daily time frame indicating the Bullish trend. We can clearly see a bullish engulfing pattern above the $1075 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just above its pivot levels of 1201 and moving into a strongly bullish channel. The price of ETHUSD is now testing its classic resistance level of 1205 and Fibonacci resistance level of 1211 after which the path towards 1250 will get cleared. The relative strength index is at 62 indicating a STRONG demand for Ether and the continuation of the buying pressure in the markets. The Williams percent range is back over -50 in the daily time frame indicating a bullish sentiment. The STOCHRSI is indicating an oversold level, which means that the prices are expected to correct upwards in the short-term range. Most of the technical indicators are giving a STRONG BUY market signal. Most of the moving averages are giving a BUY signal, and we are now looking at the levels of $1250 to $1300 in the short-term range. ETH is now trading below its 100 hourly simple and exponential moving averages. Ether: bullish reversal seen above the $1075 mark The short-term range appears to be strongly bullish ETH continues to remain above the $1100 level The average true range is indicating LESS market volatility Ether: Bullish Reversal Seen Above $1075 ETHUSD is now moving into a strongly bullish channel with the price trading above the $1100 handle in the European trading session today. ETH continues to correct higher against the US dollar and is expected to stay above the $1200 level. ETHUSD touched an intraday low of 1168 in the Asian trading session and an intraday high of 1217 in the European trading session today. We can see the formation of both the bullish harami and bullish harami cross pattern in the 1-hour time frame. The momentum indicator is back over zero in the 15-minute time frame. The resistance of the channel is broken in the 1-hour time frame indicating a bullish trend. The daily RSI is printing at 43 indicating a neutral demand for Ether in the long-term range. The key support levels to watch are $1185 at which price crosses the 9-day moving average, and $1195 which is a 14-3 day raw stochastic at 20%. ETH has increased by 3.00% with a price change of 35.00$ in the past 24hrs and has a trading volume of 11.226 billion USD. We can see a decrease of 7.02% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead ETH price continues to remain in a strongly bullish zone against the US dollar and bitcoin. ETHUSD is expected to correct higher towards the $1200 and $1300 levels this week. We can see the formation of a major bullish trendline in place from $1075 towards $1234 level. The immediate short-term outlook for Ether has turned strongly bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral in present market conditions. The price of ETHUSD will need to remain above the important support levelsof $1144 which is a 3-10 day MACD oscillator stalls. The weekly outlook is projected at $1250 with a consolidation zone of $1200. Technical Indicators: The relative strength index (14): is at 62.17 indicating a BUY The rate of price change: is at 2.80 indicating a BUY Bull/bear power (13): is at 8.042 indicating a BUY High/lows (14): is at 3.72 indicating a BUY LTCUSD: Hammer Pattern Above $56.69 Litecoin was unable to sustain its bearish momentum last week and after touching a low of 56.69 on 16th Nov the prices started to move upwards against the US dollar touching a high of $83.26 on 23rd Nov. We have seen a bullish opening of the markets this week. The price of Litecoin is near a new record high of 1 month. We can clearly see a hammer pattern above the $56.69 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading above its 100 hourly simple moving average and below its 200 hourly simple moving average. The price of LTCUSD is just above its pivot level of 78.31 The relative strength index is at 56.20 indicating a STRONG demand for Litecoin and the continuation of the buying pressure into the markets. We can see the formation of a bullish price crossover pattern with adaptive moving average AMA20 in the weekly time frame. Litecoin touched an intraday high of $79.80 and an intraday low of $75.82 in the Asian trading session today. The price of Litecoin continues to remain above most of the moving averages, which are now giving a STRONG BUY signal at current market levels of 78.84. The STOCH and CCI are both indicating neutral levels, which means that the prices are expected to move towards the consolidation phase in the short-term range. The short-term outlook for Litecoin has turned mildly bullish. Most of the technical indicators are giving a buy signal Litecoin: bullish reversal seen above the $56.69 level The ultimate oscillator is giving a neutral signal The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $56.69 The prices of Litecoin are moving in a bullish momentum above the $75.00 handle and more upsides are projected at $80 and $85 levels. The prices are ranging near the support of the channel in the 1-hour time frame. The parabolic SAR indicator is giving a bullish reversal signal in the weekly time frame. The ichimoku price is over the cloud in the 15-minute time frame indicating a bullish trend. The RSI indicator is back over 50 in the weekly time frame. The resistance of the channel is broken in the daily time frame indicating a bullish trend. The price of LTCUSD is now facing its classic resistance level of 79.69 and Fibonacci resistance level of 80.82 after which the path towards $85 will get cleared. The daily RSI is printing at 70.14 which is indicating a very strong demand for Litecoin and the continuation of the bullish phase in the medium-term range. LTCUSD has decreased by 0.15% with a price change of 0.1199$ in the past 24hrs and has a trading volume of 1.562 billion USD. Litecoin’s trading volume has decreased by 28.74% compared to yesterday which appears to be normal. The Week Ahead The price of Litecoin continues to move higher against the US dollar and is currently trading above the $78 handle in the European trading session today. We are expecting more upsides towards the $80 and $85 levels, but some correction is also expected due to the neutral stance of some technical indicators. We can see the formation of a bullish trendline in place from the $56.69 levels towards the $84.55 levels. The price of Litecoin needs to remain above the important support level of $71.90 which is a 14-3 Day raw stochastic at 70%. The short-term outlook for Litecoin has turned strongly bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $85 with a consolidation zone of $80. Technical Indicators: The MACD (12,26): is at 0.897 indicating a BUY The RSI (14): is at 56.20 indicating a BUY Bull/Bear power (13): is at 1.120 indicating a BUY The Williams percent range: is at -35.26 indicating a BUY Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
COINBASE:ETHUSD
by FXOpen
2