Litecoin Price Upsurge Cools Off – What’s Next After The $97.8 Drop?
Litecoin’s bullish momentum has cooled off, with the price sliding back to $97.8 after struggling to sustain its recent uptrend. The pullback comes amid increasing selling pressure, raising concerns about whether this is a temporary correction or the start of a deeper decline. While LTC previously showed strength, the inability to maintain higher levels suggests that market sentiment is shifting, leaving traders questioning the coin’s next move. As the price approaches key support levels, traders are closely monitoring market signals to determine the next move. Will buyers step in to....
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Litecoin, in recent weeks, has been the cause of some speculation. A price drop in the litecoin world was experienced that saw the currency hovering at around $1.20 and then $1.80. Now, there has been a bit of a surge in the litecoin price that suggests that a $2 price in the near future may not be out of bounds. As digital currency enthusiasts, I suppose we must all be grateful for every little step forward. Yet in July of last year, litecoin held a price of around $7. Following a drop in bitcoin price that naturally also affected fellow altcoins (litecoin amongst them), the litecoin....
The Litecoin price has dropped around 0.5% against the USD in over the last 24 hours. After the surprising bullish rally in Bitcoin charts, the Litecoin as usually tailed the upsurge and eventually established new higher highs, one crossing above the presumed resistance level near 2.00. However, the market soon faced a little downside pressure as traders exited their positions for short-term profits. Nevertheless, the overall bullish bias continued to exist. As you can clearly see in the 4H BTC-e chart above, the Litecoin price is clearly way too above the 50-H MA, while the RSI is at 65 -....
The Litecoin price is looking quite comfortable after yesterday's rally towards the intraday peak of 1.95. There is definitely no need to remind that the sudden upsurge has been influenced by the digital currency locomotive Bitcoin, whose very own value sky-rocketed amid a notable pump. And now when the latter is visibly attempting a new temporary support near 260, Litecoin is doing something similar around the 1.85 mark - like every time. As you can see on the 4H OKCOIN chart above, the technical indicators are exhibiting a near-term bullish bias in the market, because: The Litecoin Price....
Some are now forecasting an extension of Monday's 20% price drop as more bitcoin moves onto exchanges and institutional demand cools.
The litecoin price is currently hovering at around $1.80 following a heavy drop in price. As we've seen, it's pretty hard for digital currencies to compete with their big brother, bitcoin. Bitcoin gets to be the big quarterback on the football team and score all those winning touchdowns while the others just get benched. Bitcoin is first chair in the school band and gets to play all those sexy solos while the rest only get to chime in with the chorus. It's not necessarily fair, but it does seem to be how the world of cryptocurrency rolls. It has been suggested that the price of bitcoin can....