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[Flower]

LTC, the 15th most valuable cryptocurrency by market capitalization, has fallen below the 50-day MA (moving average) around $230, according to technical analysis. If it failed to retest the $230 mark, it was expected to go below $199, implying a downward trend.

A closing above the $230 resistance level would not support the bear's argument, according to the 4-hour candlesticks chart analysis. This would raise buying pressure, and the bulls would undoubtedly seize control of the market, pushing the price towards $250, and if the bullish trend continues, the price may be pushed as high as $281.

 

[Ononivami1]

Using the 50-day moving average to arrive at the market movement is very good. I expect the bulls to take over the market by pushing the price above $230 level.

 

[darasimi]

The analysis truly point to a downswing of the litecoin. However, the benefits or support it enjoyed by institutional whales is enormous and I believe the decline would not be long.

 

[Dora_WalletInvestor]

I think it's more likely that a correction happens rather than a bearish trend. Pretty much the entire crypto sphere is experiencing a correction right now.

 

[darasimi]

I think it's more likely that a correction happens rather than a bearish trend. Pretty much the entire crypto sphere is experiencing a correction right now.

There is a bit of reversal in 1 hour chart but on a 24hr chart their is a bearish movement. Let's hope that the bulls will support the coin.

 

[Brain]

it wouldn't be much of an issue then if the price should go up. we need the bullish run to push things forward for Litecoin. This is one coin I love though I hardly source of it

 

[darasimi]

it wouldn't be much of an issue then if the price should go up. we need the bullish run to push things forward for Litecoin. This is one coin I love though I hardly source of it

Litecoin has been very rewarding lately for crypto traders. However, one need to be very careful of trading moves right now. Trading with caution is very important.

 

[btaliat]

Litecoins will never experience much bearish moment. It is one of the coins that enjoy support of nearly all crypto users because of its transaction conviniency. I wish the bullish will support the downtrend movement of the coin.

 

[Ononivami1]

I have always known litecoin to have a great potential based on it acceptance by many institutional whales. I don't believe in the prediction given above.

 

[Wisdom01]

I believe it would only fall for a while ,once the bullish run starts ,we would get to see the coin increasing more and investors could make more gains in that way and manner

 

[Niftyicon]

As much as the TA is important for traders of Litecoin, all depend on the behaviour of Bitcoin most of the time. Litecoin is likely to be bullish when same can be said about bitcoin.

 

[darasimi]

As much as the TA is important for traders of Litecoin, all depend on the behaviour of Bitcoin most of the time. Litecoin is likely to be bullish when same can be said about bitc

I strongly expect the bulls to push the price up . The correction in the cryptocurrencies would persist for some time according to the chart analysis.

 

[Ptrikha90]

As I follow small sized Buy and Sell approach, I am ready for both rise and fall.
If it rises, my gains would increase.
At a fall, I could see if I can buy a few more. But yes, one needs to invest and sell carefully and each person has to see his or her risk profile.

 

[darasimi]

As I follow small sized Buy and Sell approach, I am ready for both rise and fall.
If it rises, my gains would increase.
At a fall, I could see if I can buy a few more. But yes, one needs to invest and sell carefully and each person has to see his or her risk profile.

That's exactly how market sentiment goes . You will have to buy the dip and sell when the price goes up. But the truth be told, cryptocurrency trading is far beyond just the simple buy and sell.

 

[Flower]

As much as the TA is important for traders of Litecoin, all depend on the behaviour of Bitcoin most of the time. Litecoin is likely to be bullish when same can be said about bitcoin.

The price movement of litecoin depends on bitcoin price trend because of the crypto investors holding bitcoin also holds litecoin. This is the major reason why a change in the behaviour of the bitcoiners also translated to the sentiment of the litecoin investors. That's majorly why the prices of bitcoin translated to the price of litecoin.

 

[Niftyicon]

The price movement of litecoin depends on bitcoin price trend because of the crypto investors holding bitcoin also holds litecoin. This is the major reason why a change in the behaviour of the bitcoiners also translated to the sentiment of the litecoin investors. That's majorly why the prices of bitcoin translated to the price of litecoin.

Absolutely! I have come to observe that inasmuch as bitcoin's dominance means the market depends solely on its price behaviour, Litecoin and sometimes BCH seem to always be at the fore front when it comes to reacting to its ups and downs. It's been a while I have seen LTC just spike in price without giving a damn about btc's pump or decline.

 

[Flower]

Absolutely! I have come to observe that inasmuch as bitcoin's dominance means the market depends solely on its price behaviour, Litecoin and sometimes BCH seem to always be at the fore front when it comes to reacting to its ups and downs. It's been a while I have seen LTC just spike in price without giving a damn about btc's pump or decline.

The price movement of bitcoin translate to the price movement of most of the altcoins. It's not peculiar to the litecoin and bitcoin cash. The main reason is that the whales holding bitcoin, holds most of the altcoins too. Their sentiment towards the market would cut across all board.

 

[Balint098]

Since bitcoin slump, most altcoins are also experiencing the drop in price. I hope Litecoin can still flatten out its price movement somehow since as one of the most popular coin for transferring money and one of the coin with the lowest transfer fee, many people rely on the coin to make overseas transfer of money. Hope so.

 

[Flower]

Since bitcoin slump, most altcoins are also experiencing the drop in price. I hope Litecoin can still flatten out its price movement somehow since as one of the most popular coin for transferring money and one of the coin with the lowest transfer fee, many people rely on the coin to make overseas transfer of money. Hope so.

The notion that all the altcoins follow the price movement of bitcoin is what I do not subscribe to. On many occasions the litecoin would upswing when the Bitcoin is bearish. Litecoin is an exception to this notion because I trade it and I use to receive payment online.

 

[Ptrikha90]

That's exactly how market sentiment goes . You will have to buy the dip and sell when the price goes up. But the truth be told, cryptocurrency trading is far beyond just the simple buy and sell.

Well, The "Beyond" factor comes when one gets extra funds. I did got some in between and invested.
Yet for a much bigger game, either one has to take much more risk or has to get much more funds.
Personal factors constrain my risk taking ability but for others I need much more funds.