|Day's range||35.488 - 36.121|
|52-week range||20.39 - 114.92|
|Volume (24 hrs)||2.20B|
|Volume (24 hrs) all currencies||2.20B|
Litecoin remains in a bearish posture following its rejection from the psychological level of resistance at $50 yesterday afternoon. It followed Bitcoin's lead on Wednesday as it momentously surged by more than 13% to test $50 before retracing the entire candle on the following day. At the time of writing Litecoin is trading at around $47.90 with continuation to the downside seeming more likely than a bullish break out. If Litecoin continues to trade below $50 and the daily 200MA at $52 it remains in the control of bearish traders in spite of the upcoming Bitcoin halving. Bitcoin will undergo a reward halving in less than 12 days in an event that has historically been very kind to the entire
It’s a bearish start to the day for the majors, with support levels in play. Heavier losses could be on the cards should key levels not be hit…
So far, 2020 has been a trying time for the world of cryptocurrencies. While cryptocurrencies are still seen by many as a refuge from failing centralized economies, the developing COVID-19 pandemic has caused severe drops in asset values across the board.
Crypto exchange Gemini is adding support for Brave browser’s BAT token later this month.The post Gemini is adding support for Brave browser’s BAT token appeared first on The Block.
The 2017 cryptocurrency bull run made history for its rather unexpected yet rewarding nature, with the heavily scrutised Bitcoin rising like a phoenix to $20,000 while other altcoins like Litecoin also surged to new all-time highs. Litecoin's run to $420 was not only one of the most captivating but also one of the most surprising considering its value was just $3 at the start of 2017. March 30 will go down in history for Litecoin bulls as the spark that ignited the tremendous surge in price action. It rose by more than 90% to mark its largest ever one-day gain. The 2018 bear market was as gruelling as 2017 was euphoric. Litecoin fell by more than 75% within the spaceThe post Can Litecoin achieve a new all-time high in 2020? appeared first on Coin Rivet.
After an early dip, it’s back into the green for the pack. Holding onto early gains through the morning would bring resistance levels into play.
Litecoin is on the brink of overtaking Tether in terms of market cap following a 24-hour surge of 6.5%. It is now trading above the crucial $70 level of resistance, which has suppressed price action since January 30. If the next daily candle closes above $70 Litecoin will likely go on to test $78 before targeting the psychological level of $100. After slumping to a gruelling low of $35 in December, Litecoin has risen by more than 100% with much of the cryptocurrency market experiencing a vital reversal. Litecoin has also surged by more than 20% in the past week alone as traders attempt to hedge their bets on smaller market cap altcoins instead of Bitcoin. The Bitcoin halving willThe post Litecoin in bullish territory with break out above $70 appeared first on Coin Rivet.
Litecoin has been faced with a daunting rejection of the 200 exponential moving average (EMA) after making a fifth consecutive lower high since June. The world’s seventh-largest cryptocurrency is now in danger of dropping back towards the $47 level of support. Litecoin’s four-hour chart also shows the early stages of a head and shoulders pattern, with the left shoulder and neckline both seeing surges of volume. Head and shoulders patterns are typically indicative of a reversal in price action, which would be in keeping with the recent rally. Despite trading at just $37 before the new year, Litecoin spiked all the way up to $64 on January 17 before beginning a corrective move to the downside. If LTC is toThe post Litecoin remains bearish amid fifth consecutive lower high appeared first on Coin Rivet.
It’s a bullish start to the day for the pack. With resistance levels in play, holding onto early gains will be key going into the afternoon.
A Litecoin block explorer is an essential tool for people wishing to check the status of their Litecoin transactions or track recently mined Litecoin blocks. It’s possible to find a whole host of Litecoin block explorers online, all of which provide valuable information about the Litecoin blockchain. What is Litecoin? Before we get into the ins and outs of Litecoin block explorers, here’s a recap of what Litecoin is. Launched in 2011, the Litecoin blockchain is capable of handling higher transaction volumes than Bitcoin and also offers improved storage efficiency. The downside of this speed is so-called “orphaned blocks” – when two miners produce blocks at similar times. Nevertheless, merchants that need transactions confirmed only need to wait 2.5 minutesThe post What is a Litecoin block explorer? appeared first on Coin Rivet.
It’s a bearish start to the day for the majors… Failure to move through to key levels by late morning will pressure the pack.