Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon
Cryptocurrencies continue correcting not far from important support levels. If they break these areas, the entire cryptocurrency market may continue the correction much deeper.
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With Bitcoin dropping down to $10,406 at press time, other altcoins were hardly finding any market momentum to facilitate a recovery. Litecoin, Vechain, and Ontology were all under a period of bearish pressure as the assets began to consolidate at a lower range. Litecoin [LTC] Litecoin’s high correlation with Bitcoin has always been its biggest […]
The trends and fashion keep on changing with the passage of time. Currently, the time is of digitalization and virtual technology. It has led to the emergence of virtual currency such as Bitcoin, Litecoin, etc. Earlier, we were able to make online transactions, but now we can also virtual money and use it to make […]
Following two weeks of price tussle, sellers broke the $45 to $51 price range as Litecoin (LTC) dropped to $41 low. The price has been corrected upward to a high of $43.
Disclaimer: The following article attempts to analyze the evolving patterns in the Litecoin short-term market and its impact on the price. Like the remaining market, the value of Litecoin [LTC] collapsed once again to early-July levels. The selling pressure emerged when LTC was trading at $47 and fell until $41.64. The coin is currently being […]
Litecoin transaction volume has boosted over 100% over the past 24 hours due to the Litebringer RPG where players are actively using LTC
The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends
While Bitcoin briefly spiked to climb to $11,179 on the charts, it had fallen to trade at $10,944, at press time. A rising Bitcoin, accompanied by rising Bitcoin dominance, showed that altcoins were overextended in the month of August and are now either retracing gains made or consolidating for a next move upwards. Litecoin was […]
Litecoin’s price has had to endure a period of consolidation over the past week. On 12 September, the cryptocurrency’s price fell by close to 8 percent from $51 to close to $47 and since then, Litecoin has been struggling to recover its losses. However, while LTC might be gaining some positive momentum, it may note […]
Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low
Over the past year, many of the market’s altcoins have shown signs of decoupling from the price movement of Bitcoin, the world’s largest cryptocurrency. However, this wasn’t evident when the movement of the crypto-market in the month of September was assessed. In fact, while many of these alts did follow Bitcoin’s lead when BTC fell, […]
The LTC trend is not yet clear, and a movement outside of the current consolidation pattern is required before it can be determined.
Buyers have failed to scale above the $51 resistance in the last two weeks. This is given the overwhelming selling pressure above the $51 high.