SEC Silence Stalls Litecoin ETF Decision as LTC Price Holds Near Monthly Highs

Litecoin has been bearish this week after failing to push above 1.72. The 1H chart shows ltcusd declining within a falling channel. Litecoin (LTCUSD) 1H Chart April 9th. Also, we can see that price is now trading under the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). This represents bearish bias. However, the moving averages have been moving sideways, which means there is no prevailing downtrend in the 1H chart and this week's downswing could still be part of a sideways market. If price pulls back but holds under the 1.67-1.68 area, then we would have more evidence....

Litecoin rallied this week, and barely broke above last week's consolidation resistance at 1.46. It stalled at 1.48 and as been drifting lower during the April 23 session. As we begin the April 24 session, it will be decision time for the market whether to continue the bullish correction, or return the bearish trend. Litecoin (LTUCSD) 1H Chart April 24. As we can see in the 1H chart, the market is still bullish in the very short-term. 1) Price is for the most part holding above the 50-hour simple moving average (SMA), and has stayed above the 100- and 200-hour SMAs. 2) The bearish price....

Litecoin falls 1.47 percent to $3.075 after kissing the resistance at $3.130. In the previous Litecoin price technical analysis, we said that Litecoin could leapfrog to higher levels on consistent support from the buyers, but what we have got instead is a bout of profit booking which once pulled down the price to an intraday low of $3.050. But can this decline prove fatal to Litecoin? Will the crucial support of $3.000 be breached? Let us try to find that out by conducting a technical analysis on the daily LTC-USD price chart. Litecoin Chart Structure - As can be seen, the higher top,....

Litecoin's steady advance has brought the price up to the highest level of June i.e. at $1.800, and it may go even higher as bulls tighten the noose on the bears. In my previous analysis titled, Buy, But Don't Forget This!, I mentioned that Litecoin is a buy on dips candidate; that statement holds for today as well! Litecoin is currently trading up 2.10% at $1.797. Litecoin's chart structure is strongly bullish, however, the technical indicators reflect a mixed outlook. A 240-minute LTC-USD price chart has been analyzed here. Litecoin Chart Structure - Litecoin's higher top, higher bottom....

Litecoin Price Key Highlights. Litecoin price held the ground as highlighted in the previous week's analysis that the $2.40 support area holds the key. A bearish trend line formed on the 4-hours chart of the Litecoin price was breached to open the doors for more gains in the near term. Litecoin price has managed to break a major resistance area, which might ignite an upside rally moving ahead. Retest of $3.80? The Litecoin price found support around $2.40, which acted as a major hurdle for sellers and prevented more losses. There was an upside move recently, as the price managed to break....