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IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Litecoin Weekly Analysis

on Thu Nov 23, 2017 12:52 pm
This week Litecoin slipped to the 6th spot, in terms of market cap, from the 5th as the soaring Dash took its place. But that does not mean Litecoin had a poor performance. On the contrary, it is also running bullish throughout the week. With a current market cap of $3.8 billion, Litecoin’s market cap shot up 11.7 percent this week.

Key Highlights:

  • Against USD, Litecoin appreciated more than 16 percent this week
  • The pair is constantly testing the recent resistance level formed at $72
  • LTC/BTC pair gained 1.1 percent over the week and currently trading at 0.00871 BTC




The weekly chart shows that the bullish movement endured a lot of deep pitfalls along the way. The week started with a sudden buying rage with which the LTC/USD pair reached $71.3 from $61.5. It was also quick enough to dive at $65 where it found a support level. The resistance level $68.6 checked any growth for a while but then a bullish trend took over, and the coin touched $73.

The pair tested the resistance level at this peak for a while but finally dived until it got support at $68. The token is continuously testing the new resistance level formed at $72 along with support at $70.



In the daily chart, the coin is moving in a triangular fashion forming two triangles above the trend line. It is testing the resistance level above $72 and is trading around $71 currently.

Due to the recent resistance above $72, the indicators are fattening up with minor signs of any movement. MACD is moving almost flat, and Stoch is moving down due to the up-down movement of the daily curve. RSI is at an optimum 52 percent.


The LTC/BTC pair did not have a substantial gain or loss this week. The pair’s value went up from 0.00861 BTC to 0.00871 BTC. This is an appreciation of 1.1 percent.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


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IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Litecoin Weekly Analysis

on Thu Nov 30, 2017 6:01 pm
In the soaring cryptocurrency market, Litecoin didn’t stand alone. It also had an incredible gain. But due to the excellent performance of Dash and Bitcoin Gold, Litecoin has been knocked down to the 7th spot in largest token’s list. Currently, the coin is holding above $4.7 billion in the market cap. But the coin saw an incredible trading volume of more than $653 million, much more than Dash or Bitcoin Gold.

Key Highlights

  • With an excellent upward rally, Litecoin touched an all-time high above $102
  • The support at $83 recovered the coin from the dip which followed the coin’s achievement of the all-time peak
  • LTC/BTC depreciated 8.6 percent week-on-week and is currently holding around 0.0085 BTC



With the gradual rise throughout the week, Litecoin touched a new record high above $102, this week. Strong trend line supported the rally of the coin almost without any significant dip. In the midweek, the coin faced small resistance around $87 to $89 but was quick enough to breach it. In the entire upward rally, the coin went up from $72.5 to $102, gaining around 41 percent.


In the daily chart, after achieving the all-time peak at $102, the coin dived. The value went down to $74, until a support at $82, stabilized it and pushed it to recovery. Currently, the token is trading around $83.

After the recent dip from the peak, all the oscillators were going bearish. The recovery from the support at $83 initiated an upward movement, but again they are going down. MACD is strongly running bearish below the axis. Stoch is also taking a U-turn, but a bullish move can change it. RSI is at 40 percent.


Against the record-breaking Bitcoin, Litecoin went down from 0.0093 BTC to 0.0085 BTC. This is 8.6 percent weekly depreciation.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Litecoin Weekly Analysis

on Thu Dec 07, 2017 10:28 am
In the booming cryptocurrency market with now hundreds of different coins, Litecoin is an old and reliable one. The coin is currently the sixth largest coin on the market with more than $5.3 billion in the market cap. In the last 24 hours, the coin registered trading volume of over $563 million.

Key Highlights:

  • LTC/USD pair gained 25 percent week on week, but the gain was mostly due to the steep rise in the early week
  • Throughout the midweek, the token was traded between a band of resistance and support level of $102 and $97 respectively
  • LTC/BTC pair depreciated 19 percent weekly and is currently trading around 0.00685 BTC



The week started with a steep upward rally. LTC/USD pair went up from $75.8 to $102 in mere 24 hours. Though the coin faced strong resistance above the peak level, a support level also formed around $97. Though the coin was testing both the resistance and support level throughout the week, it could not breach either until recently.


In the daily chart, the support could not hold the price anymore, and the token took a gradual downturn. Currently, the price is trying to get stabilized at around $94.4. Overall the token depreciated 4 percent in the last 24 hours.

The recent bearish movement of the token also set the indicators to run bearish. Stoch and RSI moth are moving downward. MACD is running bearish way below the axis.


The Litecoin and Bitcoin pair was stable for almost the entire week. But recently in the past 36 hours, the pair took a dive and reached from 0.00858 BTC to 0.00685 BTC. Overall the token depreciated 19 percent weekly.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 176
Points : 997
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: Litecoin Weekly Analysis

on Thu Dec 14, 2017 2:02 pm
Litecoin is a token which was reliable and stable in the crazy crypto frenzy. But recently the coin had an unbelievable growth leaving the long-time soaring Bitcoin to shame. The coin now holds more than $16.5 billion in market cap. With the exponential growth, the market trading volume of the coin also skyrocketed. In the last 24 hours, the coin had registered a trading volume of above $2.8 billion.

Key Highlights:

  • Overall, LTC/USD pair gained 222 percent this week breaking all its records
  • The pair is now stabilizing around $300 with support present at $290
  • LTC/BTC pair appreciated 128 percent over the week and currently trading around 0.0174 BTC



In the early week, the token was trading within a resistance-support band of $100 and $90. Suddenly the token saw a huge surge in its value and crossed $150 from around $100 with a steep rise. But it faced resistance at that level which pushed the price to $130. Then suddenly a steep bull initiated and without any resistance on its way, LTC/USD reached $312. Though it faced peak resistance, a strong support level was also formed around $290 which checked any dip.


In the daily chart, the token even breached the peak resistance to reach a record $336 but could not hold that value. With the support at $290, the value is now stabilizing around $300.

Due to the steep rise, the technical indicators also were soaring, but the stabilization of the value around $300 had trimmed that soar. After a bullish run, MACD is now stabilizing around the axis. Stoch is also giving mixed signals and is currently around 60 percent. RSI is at 46 percent.

Against Bitcoin, Litecoin followed an almost similar growth curve as LTC/USD. Over the week, LTC/BTC pair gained more than 128 percent as the value went up from 0.00766 to 0.0174BTC.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


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