Litecoin

Litecoin rose by 0.39% on Sunday. Partially reversing a 2.68% slide from Saturday, Litecoin ended the week down by 4.80% to $43.41.

A bearish start to the day saw Litecoin slide to an early morning intraday low $42.88 before finding support.

Steering clear of the first major support level at $42.75, Litecoin bounced back to a mid-afternoon intraday high $44.04.

Falling short of the first major resistance level at $44.19, Litecoin fell back to $43.2 levels before finding late support to end the day in the green.

At the time of writing, Litecoin was down by 1.34% to $42.83. A bearish start to the day saw Litecoin slide from an early morning high $43.51 to a low $42.73.

Steering clear of the major resistance levels, Litecoin fell through the first major support level at $42.85.

A move through the first major support level at $42.85 to $43.45 levels would support another day in the green.

Litecoin would need the support of the broader market, however, to take a run at the first major resistance level at $44.01.

Barring a broad-based crypto rally, the first major resistance level and Sundays high $44.04 would likely limit any upside.

Failure to move through to $43.45 levels could see Litecoin slide deeper into the red.

A fall back through the morning low $42.73 would bring the second major support level at $42.28 into play.

Barring an extended sell-off, however, Litecoin should steer clear of the third major support level at $41.12.

Major Support Level: $42.85

Major Resistance Level: $44.01

23.6% FIB Retracement Level: $67

38.2% FIB Retracement Level: $82

62% FIB Retracement Level: $107

Stellars Lumen rose 0.38% on Sunday. Partially reversing a 3.46% slide from Saturday, Stellars Lumen ended the week down 9.03% to $0.05110.

A bearish start to the day saw Stellars Lumen fall to a mid-morning intraday low $0.050654 before finding support.

Steering clear of the first major support level at $0.05042, Stellars Lumen recovered to an early afternoon intraday high $0.051624.

Falling short of the first major resistance level at $0.05234, Stellars Lumen eased back to $0.051 levels to limit the upside on the day.

At the time of writing, Stellars Lumen was down by 0.8% to $0.050687. A mixed start to the day saw Stellars Lumen rose to an early morning high $0.051101 before falling to a low $0.050687.

Steering clear of the major resistance levels, Stellars Lumen came within range of the first major support level at $0.05066.

Story continues

Stellars Lumen would need to move back through to $0.051 levels to support a run at the first major resistance level at $0.05158.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.051101.

Barring a broad-based crypto rally, the first major resistance level and Sundays high $0.051624 would likely limit any upside.

Failure to move through to $0.051 levels could see Stellars Lumen struggle throughout the day.

A fall through the first major support level at $0.05066 would bring the second major support level at $0.05022 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.050 levels.

Major Support Level: $0.0507

Major Resistance Level: $0.0516

23.6% FIB Retracement Level: $0.1114

38% FIB Retracement Level: $0.1484

62% FIB Retracement Level: $0.2082

Trons TRX rose by 0.86% on Saturday. Partially reversing a 1.80% slide from Saturday, Trons TRX ended the week down by 5.14% to $0.01400.

A choppy start to the day saw Trons TRX fall to an early morning intraday low $0.0138 before finding support.

Steering clear of the first major support level at $0.01353, Trons TRX recovered to a mid-morning intraday high $0.014083.

Falling short of the first major resistance level at $0.01451, Trons TRX fell back to sub-$0.0140 levels before finding late support to end the day in the green.

At the time of writing, Trons TRX was down by 0.71% to $0.01390. A bearish start to the day saw Trons TRX fall from an early morning high $0.0140 to a low $0.013899.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move back through to $0.0140 levels to support a run at the first major resistance level at $0.01412.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.0140.

Barring a broad-based crypto rebound, the first major resistance level and Sundays high $0.014083 would likely cap any upside.

Failure to move back through to $0.0140 levels could see Trons TRX slide deeper into the red.

A fall back through the morning low $0.013899 would bring the first major support level at $0.01384 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.01380 levels.

Major Support Level: $0.01410

Major Resistance Level: $0.01450

23.6% FIB Retracement Level: $0.0663

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0322

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 16/12/19 - Yahoo Finance

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.8 billion, has been losing ground gradually. LTC/USD has lost about 1.5% of its value in recent 24 hours to trade at $43.40 at the time of writing.

In the absence of the relevant fundamental news, LTC/USD is moving sync with the market, vulnerable to bearish sentiments ahead of the holiday season. As the liquidity is decreasing, the coin may demonstrate sharp movements in either direction.

On a daily chart, LTC/USD is sliding down inside a narrowing range, with the initial support located at psychological $43.00. This barrier stopped the sell-off during early Asian hours. If it is broken, the lower line of the daily Bollinger Band at $42.70 and the lowest level of the previous month $42.16 will come into focus. Once it is broken, the sell-off may be extended towards the psychological $40.00. This support is likely to slowdowns the bears and initiate an upside correction. Otherwise, the bearish trend will tricker more sell orders and exacerbate the decline.

On the upside, the initial upside barrier is created by the middle line of the daily Bollinger Band currently at $45.80. It is followed by $48.50 ( the upper edge of the daily Bollinger Band) and psychologic $50.00. If the price moves above this barrier, the upside momentum will increase and allow for a recovery to the pivotal resistance created by SMA50 (Simple Moving Average) daily at $53.35. LTC/USD has been trading below this line since November 18. Another strong resistance awaits us on approach to $58.00 (SMA100 daily) and $59.50 (SMA50 weekly).

The daily RSI (Relative Strength Index) is flat, close to the oversold territory, which implies that the coin is likely to continue range-bound trading with bearish bias.

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Litecoin (LTC) Price Analysis: LTC/USD on a trip to the South; the next stop is $40.00 - FXStreet

Bitcoin has been facing some turbulent price action over the past several days and weeks, which has led cryptocurrencies like Litecoin to establish wide trading range. This volatility, however, has been generally positive, as most cryptos including LTC are trading up from their monthly lows.

Analysts are now predicting significantly further upside for Litecoin in the near-term, with one prominent crypto analyst noting that LTC could surge as much as 80% against its BTC trading pair in the coming weeks and months.

At the time of writing, Litecoin is trading up over 2% at its current price of $61.00, which marks a slight climb from its daily lows of $59.00.

While zooming out and looking at LTCs one-month performance, it grows clear that its recent volatility has favored the cryptocurrencys bulls, as it is currently trading up significantly from its 30-day lows of under $50 that were set in late-October.

LTCs recent rise from its monthly lows appears to be largely influenced by Bitcoins massive surge that came about in late-October after the Chinese President offered bullish remarks on blockchain technology.

Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes LTC may be entering a pivoting point that leads it to climb significantly higher in the near-term, which means that its ongoing surge may just be getting started.

$LTC Leaving pivot week behind. I think I might hold onto this one for a little bit, he said while pointing to the below chart.

Galaxy, another popular cryptocurrency analyst on Twitter, recently echoed Kakus bullish sentiment, explaining that he believes Litecoin could surge as much as 80% against its Bitcoin trading pair in the coming several months.

New fav: $LTC. The day when everybody starts to love it again might be sooner than we think, he said while pointing to the chart seen below.

In the near-term, Litecoin may see some further upside in spite of Bitcoins bout of bearish trading, but in the long-term it is appearing to be increasingly likely that LTC will post significantly further gains against BTC.

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Litecoin Climbs Over 2% as Analysts Eye Potentially Major Mid-Term Gains - newsBTC

Litecoin has eventually broken below the support enjoyed at $60 for almost a week. The zone was very helpful keeping in mind that corrections towards $70 have become untenable. As discussed in earlier published price analysis, the Asian trading session was marked with consolidation within a narrow range between $60 and $62. However, as they say, it is always calm before the storm.

After breaking the trendline resistance, $58 support is the only barrier left preventing a potentially devastating drop below $50. Besides, the 50 SMA on the 4-hour chart has begun narrowing toward the 100 SMA to show that the bears are getting back in action.

From a technical point of view, Litecoin has commenced another downtrend phase. The RSI is heading toward the oversold. At same time, the MACD is back in the negative territory and features a bearish cross. Both the indicators signal a bearish grip that is getting tighter with every session.

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Litecoin price analysis: LTC/USD dives below $60 for the first time in 5 days - FXStreet

Litecoin has witnessed a lot of price reductions over the past three days due to a significant correction which is making the bears gain control of the market.

However, a bullish step back is expected for LTC, once it climbs back above $60 price level, although the $61 resistance is an essential level for the next bullish phase on the hourly chart.

Following November 10, rejection at $66, Litecoin has remained in a downward range. The latest bearish scenario has caused LTC to trade inside a descending wedge, but the price is now sitting on the lower boundary of the wedge.

Therefore, a retracement could be underway to the upper boundary of the wedge at $60. A break above the wedge could allow the bulls to regain control of the market. This could bring the next resistance levels at $62, followed by a decent rally to $64.6 resistance levels.

Litecoin is currently holding near support at $58. This support could become weak if we continue to witness a devastating price drop.

However, we may need to keep an eye on the $57 and $56 supports in the next swing low. Additionally, Litecoin is still showing a bullish sign on the daily chart.

The market structure looks bullish on the higher time frame, but, the lower time frame is currently suggesting a bearish mode for Litecoin.

Meanwhile, the last three days downward direction is just a sign of a small pullback on the daily chart. We can expect a bullish continuation in the next couple of days. Otherwise, we may continue to see a decline until Litecoin finds vital support for a rebound.

Source: Tradingview

Technical Indicator Reading:

Hourly RSI (Relative Strength Index) The RSI for Litecoin has dropped to the extremely oversold region but has recovered a bit to the 30 levels.

Hourly MACD (Moving Average Convergence and Divergence) The MACD for Litecoin is currently negative to show a bearish momentum

Key resistance levels: $60, $62, $64.6

Key support levels: $58, $57, $56

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Litecoin Correction Causes Serious Bearish Action, Why Further Pullback is Likely - newsBTC

Litecoin has in the last few days defiantly stayed above $60. The immediate upside is also acutely limited at $64. On the downside, several support areas have been instrumental including the ascending trendline, the 50 Simple Moving Average (SMA) on the 4-hour chart and the 100 SMA at $58.

The price action during the Asian trading hours was relatively bullish. LTC/USD extended the bullish leg from $61.44 (opening price) to $62.42 (intraday high). The digital asset has however, adjusted to $65.22.

The prevailing momentum is relatively bullish with Litecoin trending towards $64.00. The bullish leg has strong foundation from the support offered at the 50 SMA and the trendline. The Relative Strength Index (RSI) in the same 4-hour range is heading north. This stresses the fact that bulls are gaining traction. Besides, the Moving Average Convergence Divergence shows signs of forcing a bullish cross which could further pull LTC towards $70.

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Litecoin price analysis: LTC/USD re-embarks on another mission targeting $70 - FXStreet

Nov 12, 2019 at 13:33 // News

Litecoin has gained 22% in its upward move against the latest bearish impulse. Coinidol.com news outlet reports that the coin has many other opportunities as the initial resistance level has been breached.

By November 12, Litecoin has two hurdles to jump over before Litecoin can be regarded to be in an uptrend. It is currently facing resistance at $64. Nevertheless, LTC will have to jump over the resistance levels of $64 and $80 before it can commence an upward movement.

The market is expected to reach a high of $130 or $140 price level if the bulls succeed in overcoming those levels. However, if the pair fails to overcome those levels, the coin will remain at the bottom of the chart and may slide back to the previous low. Nevertheless, more buyers should be introduced at the current price level to propel the buying power.

The RSI tool period 14 levels 53 are above the centerline 50 which indicates that the price will tend to rise. The major issue is that the downtrend line has been broken which signals that the bearish pressure has been exhausted.

Key Supply Zones: $90, $110, $130

Key Demand zones: $50, $30, $10

In a matter of days, Litecoin will rise as soon as the first hurdle is jumped over. Though, the LTC has to increase its buying power at the support level. The EMAs have shown that the pair is likely to rise as the price is above it. Nonetheless, the bulls have to ensure that the price is sustained over the EMAs for the coin to rise. Our analysis will be nullified if the price breaks below the EMAs.

Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

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Litecoin Price Is Making an Upward Move; Will the Bulls Sustain This Recovery? - Coin Idol

Litecoin has lately been making quite an effort to push back to its glory days. Recording a 20% rise in price in just over two weeks, LTC had a value of around $60, at the time of writing. According to CoinMarketCap, Litecoin had a market cap of almost $3.9 billion and a daily trading volume of over $3.2 billion. Further, LTC was traded most on CoinEgg exchange; paired up against ETH, its trading volume represented 11.69% of its total trading volume over a 24 hour period.

The hourly chart for Litecoin showed the price following a clear pennant pattern, oscillating between the trend lines since late-October. The decreasing volume trend over the period also confirmed the pattern, for which downward trending volume occurs 89% of the time. Generally, pennants break out upwards 57% of the time, something which could be a sign of Litecoins short-term rise.

However, looking at the MACD chart, a bearish movement could be in store, with the signal line crossing over the MACD line earlier today. A decrease in LTCs price could also be corroborated by the fact that both the signal and MACD lines look to be trending between -1 and 0, with a slight bearish momentum. The RSI or Relative Strength Index was seen moving around the 38 mark, close to being oversold, but still within the boundaries.

With none of the indicators showing overly significant pressure, it is likely that the price of Litecoin will continue along the pattern, bouncing between the trend lines and breaking out to $67 by the end of next week.

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Litecoin likely to breakout from pennant to $67 by next weekend - AMBCrypto News

At the time of writing, LTC/USD is changing hands at $60.50, having gained nearly 3.5% since the beginning of the day and over 4% on a day-to-day basis. Litecoin now takes the 6th place in the global cryptocurrency rating with the current market value of $3.8 billion. An average trading volume is registered at $3.4 billion, in line with the recent figures.

Looking technically, LTC/USD jumped above SMA50 (Simple Moving Average) on the daily chart at $58.90 and cleared psychological $60.00, which bodes well for LTC bulls. If the coin manages to settle above this area, the long-term picture will improve significantly. The next resistance is created by the upper line of the daily Bollinger Band at $62.40. Once it is broken, the recovery is likely to gain traction with the next focus on the recent top of $64.10, followed by a psychological $65.00.

On the downside, the initial support created by $60.00 and the above-mentioned SMA50 daily. It is followed by $57.80 - an upper boundary of the broken consolidation range that limited LTC movements for the best part of October. A sustainable move below this handle will open up the way towards $52.80 back in focus.

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Litecoin (LTC) beats the market with 3% gains - FXStreet

Litecoin is exchanging hands at $62.85 following a subtle 0.6% loss on the day. LTC extended the bullish leg to an intraday high of $63.28 but failed to stir action towards $64 (short-term resistance). The cryptocurrency live rates show that Litecoin is subject to a bullish trend amidst expanding volatility.

Looking at the four-hour chart, Litecoins struggle to defend $60 support is at its peak. Besides, the price is teetering within a forming rising triangle pattern. The first scenario is for Litecoin to break past the triangle resistance and open the door towards $70. On the other hand, the failure to clear the $64 hurdle coupled with a correction under the trendline support, Litecoin could easily approach $50.

In retrospect, a drop to $50 would not entirely have a negative impact. It is likely to create fresh demand for LTC and form a basis for the end year rally towards $100.

The Relative Strength Index (RSI) shows that the price is oversold in the short-term and a reversal is in the offing. The bulls remain relatively in control according to the Moving Average Convergence Divergence (MACD).

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Litecoin Price Forecast: LTC/USD return to $50 is necessary for the end year rally - FXStreet

Bitcoin Price Analysis (BTC/USD)

The price of BTC/USD pair has shown a positive sign starting from 12:00 to 21:00, where it jumped from $9271.17 to an intraday high of $9586.50 that indicated intense buying pressure. However, the momentum changed shortly after due to an increase in selling pressure. That resulted to a downside correction, which signaled that bears are in command.

Despite the recent dip, an upsurge by 0.15% was recorded and BTC is now changing hands at $9284.95 after testing the support level defined near $9208.81. Besides, more downsides could result further downtrend in the short-term. Additionally, both moving averages have given a bearish crossover, and the RSI has declined from the overbought zone and is now below average that give a negative sign.

If the price dip below $9155 level, more southward rally towards $7400 levels is likely. However, if more buyers enter the market, then a break above $9474.52 resistance level could led to an upside rally towards $10000.00l level.

BCH/USD pair has been on a tight range between the horizontal channel marked (A and B). Failure of BCH to step above $294.9 level resulted in a bearish action that fluctuated the price to close near the support level found near $285.0. An upside break later followed that found new support near $288.0. Thus BCH is now being exchanged at $290.9 with an intraday decrease of about 1.3%. The dip has thereby shown an increase in selling interest.

Additionally, the moving averages have intertwined, and the RSI has been trading between level 60 and 40 that confirmed indecisive market momentum showing that the trend may take center stage in the near term especially if the pairs price could keep on trading in between the horizontal channels.

During the last 17hrs, a bullish trend line (C) was spotted; therefore, a break below it may start afresh decline towards 270.0. However, if the price jump above $294.9, the uptrend is likely to continue above $310.0 level.

LTC/USD pair has again by 3.1 over the last 24hrs, the coin began the session trading at $60.326 and is now dancing to the tune of $62.265. The uptrend seemed to have gained support from ascending moving averages that are indicating an increase in buying pressure, which could result to an increase in investors sentiments in the short-term.

At the press time, the pairs price is testing the resistance level marked at $63.000 showing bulls are in command. Despite the uptrend, the RSI indicator is declining slowly, signaling a reduction in buying interest. Luckily, it is still above average, which is a positive outlook. Thus, continuous upside rally should be anticipated in the short-term.

An upside break above $63.500 could correlate gains above $80.000. On the downside, if the price fall below 61.000, a new downtrend can be seen that may dip the price lower below $40.000 level.

Cryptocurrency Charts By Tradingview

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

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Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) Price Prediction And Analysis: Will The Bullishness Continue? - NullTX

Blockstream and BTSE recently co-hosted a meetup in Las Vegas, with the topic of discussion being Liquid sidechain. The event took place on 29 October on the sidelines of the Litecoin Summit, and hosted a panel of speakers that included Blockstreams Samson Mow, Litecoins Charlie Lee, and popular Bitcoin proponent WhalePanda.

The popular Bitcoin sidechain, Liquid Network, was officially released in 2018, and its growing acceptance across organizations like The Rock Trading, BitMEX, and Bitfinex is attributed to the ease and speed of transactions on the network with assured confidentiality.

Liquid Network was in the news recently after Samson Mow addressed its ability to become a fractional reserve, while talking about how one would audit that, whether there were not more L-BTC than Bitcoin itself.

According to Lina Seiche, Global Marketing Director at BTSE, the discussion however, drifted to Bitcoin and the future of financial transactions soon. She tweeted,

Commenting on the trajectory of the current financial system, Samson Mow said,

What we have built up by now is not sustainable, it is broken in many waysbut Bitcoin really does fix a lot of things. Because, without a solid foundation, we cannot really build anything its like a house of cards.

He added,

I think eventually nation-states will have to adopt [Bitcoin]. Yeah, they might be hostile to it, but hostility to Bitcoin is a double edged swordBitcoin allows you to make the transactions that people dont want you to make. Its essentially digital freedom.

Agreeing with WhalePandas suggestion that hyperbitcoinization is the end goal, Charlie Lee said that in his opinion, Bitcoin is the best form of money the world has ever seen. He also asserted that the days of fiat currencies were limited and that they are not likely to last much longer as cryptocurrencies will inevitably replace them.

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Bitcoin is the best form of money ever seen: Litecoins Charlie Lee - AMBCrypto

Two very powerful earthquakes recently struck the island of Mindanao, which is located in the southern part of the Philippines.

According to Channel News Asia, there have been at least 21 reported deaths from the two earthquakes which were of 6.6 and 6.5-magnitude. Survivors are reportedly finding it difficult to access food and water. Many buildings have been destroyed and thousands of people have been displaced.

The Manny Pacquiao Foundation, established by the Filipino boxing legend who currently serves as a senator of the Philippines, is sending relief items to people whove been affected by the natural disaster. The foundation is also asking people to make donations. Cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ether (ETH) and Verge (XVG) are accepted.

Another severe earthquake hit the southern island of Mindanao! We will be sending some relief goods to those affected. Please consider helping with a small donation. https://t.co/tfopSKSRNE *digital currency accepted* #MannysCorner #crypto #MindanaoEarthquake pic.twitter.com/taDfaxS5jw

Manny Pacquiao Foundation (@MPac_Foundation) November 3, 2019

Villagers currently living under tents have been begging for help. Many of the bodies found by rescuers were crushed due to landslides, the nations national disaster council revealed.

More than 400 people have been injured and two residents are currently still missing, the council said. There are around 20,000 displaced people who are being housed in temporary shelters.

The countrys government says aid is reaching affected areas and urges residents to go to designated evacuation centers instead of sleeping on the roads.

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Manny Pacquaio Foundation Calls for Crypto After Deadly Earthquake Strikes the Philippines Bitcoin, Ethereum, Litecoin, Verge Accepted - The Daily...

Bitcoin has swung wildly this week, as many had expected it to, with it losing $1,000 per bitcoin a few days ago before suddenly shooting back up earlier today.

The bitcoin price is now at over $9,000 per bitcoin after dropping to lows of almost $7,000 on Thursdayand heading fast towards the psychological $10,000 mark, according to the latest prices from Luxembourg-based exchange Bitstamp.

Elsewhere, other major cryptocurrencies ethereum, litecoin, Ripple's XRP, and bitcoin cash rallied between 7% and 23%, adding billions to the value of the combined cryptocurrency market.

The bitcoin price had been treading water for around a month before its extreme volatility this ... [+] week.

Many bitcoin and cryptocurrency market analysts pointed to comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology as the reason behind bitcoin's sudden rally.

China banned bitcoin and cryptocurrency exchanges in 2017 and some took Xi's blockchain comments as a sign the country could ease bitcoin and crypto restrictions.

"We must take the blockchain as an important breakthrough for independent innovation of core technologies," Xi reportedly said, speaking at the 18th collective study of the Political Bureau of the Central Committee in Beijing.

"[We must] clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation."

However, Xi's comments, which referred only to blockchain technology and not to bitcoin and cryptocurrencies, might not have been the driver behind bitcoin's recovery.

Following bitcoin's sudden drop earlier this week, bitcoin and crypto investors feared the worst wasn't over the for the market.

The bitcoin price has suddenly surged after a sell-off earlier this week, leaving many bitcoin and ... [+] crypto traders scratching their heads.

Facebook's chief executive Mark Zuckerberg was savaged by U.S. senators over his plans for a bitcoin rival dubbed libra and crypto investors are fretting there could be a global crackdown on bitcoin and other digital tokens.

Elsewhere, technical data pointed to a so-called "death cross" for bitcoin, while the Fear & Greed Index slumped and a Twitter reading of investor temperature was poor.

"Sentiment in the crypto market is very low right now," eToro senior market analyst Mati Greenspan wrote in a note to clients before the pump earlier today.

This sentiment slump meant investors bet against the bitcoin price, predicting it would move lower.

When the bitcoin price recovered a couple of hundred dollars per bitcoin in just a few minutes, some $150 million worth of short positions on the Seychelles-based BitMEX crypto exchange were liquidated, according to bitcoin and cryptocurrency analytics provider Skew.

This triggered what's known as a "short squeeze," where an asset rapidly increases in value due to short sellers trying to cover their positions, resulting in buying volume that drives the price up.

"Sentiment can change pretty quickly in this market, especially while volumes are low," Greenspan added in his earlier note.

A small uptick in the bitcoin price led to millions of dollars of bitcoin short positions being ... [+] liquidated.

Bitcoin volumes have been struggling recently, leaving the market especially vulnerable to so-called whales placing large orders or liquidating short positions.

Bitcoin trading volume among the top ten biggest bitcoin and crypto exchanges has fallen to under $200 million a day, according to bitcoin and crypto data company Messari, down 20-fold from a peak of $4 billion per day just a few months ago.

Adding to the market turnaround, bitcoin futures exchange Bakkt recorded a new all-time high in daily trading volume with 1156 futures contracts traded today.

It was Bakkt's lacklustre volumes that many believe triggered bitcoin's fall from its $10,000 plateau late last month.

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Forget ChinaIs This The Real Reason Bitcoin, Ethereum, Litecoin, And Ripples XRP Bounced? - Forbes

Amazon users can now buy goods with Bitcoin via theLightning Network because of a new startup called Moon.

According to TechCrunch, the company with a flashy name has just released a browser extensionthat will allow making payments on the biggest e-commerce platform.

You can use any Bitcoin wallet with the Lightning Network support in order to make instantaneous transactions. For instance,Electrum, one of the most widely used Bitcoin wallets, now supports the popular off-chain scaling solution.

Another option is to link the extension to your Coinbase account and make a payment with Bitcoin, Ethereum, or Litecoin while leveraging the API of the number one cryptocurrency exchange in the US.

While Overstock.com, Newegg and some other major retailers have already embraced crypto, Amazon is yet to move in this direction. Moon makes the magic happen by converting crypto to fiat without charging additional fees.

As of now, the service is only available in the US, but Moon soon plans to expand to other countries.

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You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon - U.Today

Bitcoin (BTC) and Litecoin (LTC), two of the largest cryptocurrencies in the market are surging by over 11%.

The whole cryptocurrency market is experiencing gains in the last few hours. Despite the recent bearish weeks, cryptocurrencies seem to have gathered strength to start a new bull run.

According to data provided by CoinMarketCap, Bitcoin and Litecoin have surged above 11% in the last 24 hours.

The largest cryptocurrency is growing by 11.65% reaching and surpassing a market capitalization of $150.75 billion. At the same time, its price crossed the $8,350 barrier and it is currently close to $8,369.

In addition to it, Litecoin surged by over 12.44% during the same period and touching a price per coin of $56.38. Furthermore, Litecoins market capitalization increased to almost $3.6 billion.

These are not the only two cryptocurrencies registering gains in the last 24 hours. Indeed, Ethereum (ETH), XRP, Bitcoin Cash (BCH), EOS, Binance Coin (BNB), Bitcoin SV (BSV), Stellar Lumens (XLM), Tron (TRX) and Cardano (ADA) are also expanding.

Bitcoin SV, for example, surged by 21.44% followed by Bitcoin Cash (BCH) 14.44% and EOS 12.82%.

The whole cryptocurrency has been in a bearish mode during the last few weeks. Many experts considering that Bitcoin could fall below $7,400 and reach $6,500 the next support level.

In June 2019, Bitcoin was able to be traded above $13,700 and the whole crypto community was enthusiastic about the market and how fast it was expanding.

In May 2020, Bitcoin is expected to be experiencing a halving event. This would reduce the reward that miners receive for processing transactions and confirming blocks.

Miners will be receiving 6.25 BTC per block rather than 12.5 BTC per block as they receive now. This is expected to be a bullish thing for Bitcoin. In previous halving events, the most popular cryptocurrency experienced massive growth rates the year after the event took place.

This is very important considering that Bitcoins all-time high was reached back in 2017 in December when the whole space was purchasing tokens from Initial Coin Offerings (ICOs). After it, the whole market entered a bear trend that negatively affected the price of most of the cryptocurrencies.

Nowadays, the top 20 cryptocurrencies are working on interesting new projects to improve the services they offer to individuals all around the world.

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Bitcoin and Litecoin Skyrocket By Over 11% In Just Hours - UseTheBitcoin

Over the last 36 hours, the total crypto market capitalization plummeted nearly 11 percent. The sudden drop aligns with a number of bearish signs that can be seen across the weekly charts of the top cryptocurrencies by market cap. The following technical analysis will evaluate whether Bitcoin, Ethereum, XRP, and Litecoin are bound for a further retracement.

Bitcoin recently broke to the downside of a no-trade zone where it had been sitting for the past month. This trading range was set up between the $7,800 support level and the $8,600 resistance level. Now that BTC moved outside of it to hit a low of $7,300, a further drop is possible.

As a matter of fact, a death cross between the 7-week moving average and the 30-week moving average developed on BTCs 1-week chart. This is a bearish formation that estimates a trend change from bullish to bearish.

The last time this bearish pattern occurred on Bitcoins 1-week chart was in late-March 2018. The cross was followed by a 24 percent retracement that took this cryptocurrency from a high of $8,500 to a low of $6,400. Despite the downturn, BTC was able to find support around the 50-week moving average which served as a rebound point at the time.

Thus far, the recent death cross was able to trigger a spike in sell orders taking the price of Bitcoin down over 9 percent from the $7,800 support level. If the sell-off continues BTC could try to test the 50-week moving average that sits around $7,000.

Even though death crosses are considered extremely bearish patterns, there is still a chance that BTC will bounce off the 50-week MA like it did in early 2018.

At the moment, Bitcoin is on a red nine candlestick on its 1-week chart, per the TD sequential indicator. This is considered a buy signal that will be validated when a green two candlestick trades above a green one candle. Moving above $7,900 could be taken as the first confirmation that the buy signal will be validated. However, a move below $6,900 will invalidate the bullish outlook and BTC will possibly drop to around $6,300.

Ethereum also suffered a steep decline in its market valuation over the last 24 hours. This cryptocurrency went down from a high of $171.65 to a low of $152.50, representing an 11 percent correction. Although ETH was able to recover over 5 percent in the last few hours, the higher time frames are estimating further losses.

Like Bitcoin, a death cross is forming on Ethereums 1-week chart. The 7-week moving average is currently crossing below the 50-week moving average, which is a very bearish sign. If validated, ETH could soon test the next levels of support around $145, $123 or $109.

By measuring the Fibonacci retracement indicator from the low of $83 on Dec. 15, 2018, to the high of $363 on June 26, it appears that the death cross will be confirmed. ETH is currently trading around the 23.6 percent Fibonacci retracement zone. Moving below this level of support could take ETH to test the 16.18 percent Fibonacci retracement level that sits at $132.

Nonetheless, all of these bearish signs could be invalidated by a spike in buy orders that take Ethereum to trade above $180 or $192 where the 38.2 percent Fibonacci retracement level sits.

Despite plummeting over 14 percent, XRP continues trading within a no-trade zone between $0.24 and $0.30. The recent downward movement took this crypto to break an ascending parallel channel that formed on its 1-day chart since Sept. 26. Even though this can be seen as bearish, the odds of a bullish impulse are high.

This could be a result of the recent remarks made by Republican congressman Ted Budd who said this XRP is an actual cryptocurrency while Facebooks Libra is not. Additionally, Ripples annual conference Swell is around the corner and XRPs market value tends to increase exponentially in anticipation of this event.

An increase in volume may allow XRP to break outside of the current trading range where it sits. If this happens, this cryptocurrency could try to hit the next levels of resistance that sit around $0.38, $0.47 and $0.57.

Conversely, a spike in the selling pressure behind XRP could push it below the $0.24 support level. This could trigger a major sell-off taking it to the next levels of support around $0.19 and $0.17.

It is worth noting that the moving average convergence divergence (MACD), which is commonly used to follow the path of a trend and calculate its momentum, appears to be turning bullish on XRPs 1-week chart. As the 12-week exponential moving average starts to cross over the 26-week exponential moving average, the probability for an upswing increases.

Litecoins price behavior since July of the present year appears to be characterized by a series of bear flags developing on its 1-week chart. This technical pattern is considered a continuation pattern that forms after a significant correction, known as the flagpole, followed by a consolidation period, known as the flag, and tends to lead to a breakout in the same direction as the initial movement.

At the moment, LTC seems to be forming another bear flag that could see it drop to $38. This target is determined by measuring the height of the flagpole, which is approximately 27.50 percent.

The scenario presented by the bear flag could be confirmed if LTC closes below $49. This would signal a move down to the next level of support around $44 before it can get to $38. But, if Litecoin is able to trade above $58.60, the bear flag will be invalidated and it will likely surge to the next level of resistance around $64.

The overall sentiment of the market is currently bearish. However, there is some evidence that suggests that there is an increasing demand around the current price levels.

Bakkts Bitcoin futures contracts, for instance, saw a 6.5x increase in its trading volume worth over $4.8 million as the crypto market crashed. Moreover, Bitcoin is signaling a buying opportunity on its 1-week chart while XRP could try to reach higher highs in anticipation of Ripples Swell conference.

Under the current conditions, it will be wiser to wait for any of the cryptocurrencies previously analyzed to move above their resistance points before entering a bullish trade.

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A bearish technical analysis for Bitcoin, Ethereum, XRP and Litecoin; but what if bullish? - CryptoSlate

The cryptocurrency space finally saw some bullish price action because of which Bitcoin and major altcoins prices traded in green after weeks. Litecoin, the sixth-largest cryptocurrency was trading at $55.11 at press time after rising by 2,95% on the 24-hour price chart.

The altcoin was set for bullish year as due to the impending block reward halving, however contrary to general believe its price started to crumble right before the halving event in August and it has been on a constant decline ever since.

4-Hour Price Chart

Litecoin formed an ascending triangle on the 4-hour price chart which is characterized by the formation of a constant high which formed at $55.18, and series of higher lows meeting the ascending triangle at $51.24, $52.12, and $53.05. The formation of an ascending triangle is considered bullish as a breach from the pattern often takes place in the upward direction.

The ema-ribbon suggested that the price volatility of litecoin was on the decline and the ribbon was moving from acting as a resistance to forming a support for the prices, which is considered a bullish sign.

The RSI indicator suggested that the buyers held a strong position starting on October 20th and the buying pressure might increase further if the altcoin managed to breach the ascending triangle. MACD indicator had a bullish crossover on 17th October and it has maintained its bullish position since then. Thus, all technical indicators suggested a bullish sentiment in the market in the short term.

Conclusion

Litecoin formed an ascending triangle pattern on the 4-hour chart which is considered bullish, the ema-ribbon was in a transition phase moving from acting as resistance toward forming support. RSI indicator suggested buying pressure was high in the short-term market. Thus, Litecoin looked bullish in the short term.

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Litecoin set to breach ascending triangle as buying pressure rises - AMBCrypto

Litecoin was pegged to boom this year, given the historical block reward halving which took place on August 4th; but in contrast, the silver altcoin failed to see its price climb. Soon after, the altcoin saw the formation of death cross on 30th August which is considered highly bearish as it indicated the potential for a massive sell-off.

At press time Litecoin was trading at $53.61 with a minute gain of 0.95% in the last 24 hours. The altcoin had a total market cap of over $3 billion.

1-Day Price Chart

Source: LTC/USD on TradingView

On the 1-day price chart, Litecoin looked to form a potential inverted Bart pattern, as its price has been moving sideways since the massive fall on 24th September. An inverted Bart pattern would be complete if the altcoin manages to see an upward trend and close around the $73.71 mark.

The 200-day moving average has been acting as a resistance for the price since the death cross formation on 30th August. The 50-day moving average has been moving below the 200-day moving average. In a short time, it might act as a support if Litecoin manages to close the inverted Bart pattern.

The volume has been on a constant decline since 24th September which might be a sign for a short-term bullish burst.

MACD line has been moving above the signal line since 7th October, suggesting a dominant bullish sentiment, leading way to a belief that one might see an uptick in Litecoins price if it managed to close inverted Bart pattern.

Conclusion

Litecoin might see a bullish bust in the short term with a potential inverted Bart pattern formation, the 50-day moving average might act as a support for the altcoin if it manages to close the inverted Bart. MACD indicator suggested bullish sentiment was dominant.

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Litecoin looks to gain movement with potential inverted bart formation - AMBCrypto

As at 2019-09-30 average Litecoin price is 55.59362276 USD, 0.00673723 BTC, 0.31343281 ETH.

Litecoin LTC/CNYT on BitAsset exchange is 55.24. The trading volume on BitAsset is 26336127.00.

At the same time Litecoin LTC/BTC on Birake exchange is 55.64. The trading volume on Birake is 6485.58.

Litecoin LTC/BTC on Whitebit exchange is 55.23. The trading volume on Whitebit is 536278.00.

Litecoin LTC/USDT on Piexgo exchange is 55.24. The trading volume on Piexgo is 18338.35.

Litecoin LTC/USDT on Exrates exchange is 55.26. The trading volume on Exrates is 17600328.00.

In this regard, 24 hour trading volume is 1845225273.27410000 USD or 223617.50234426 BTC. At the same time Litecoin market capitalization is 3522909056 USD or $426931 BTC.

Litecoin average change within 24 hour is 3.49 against USD, 0.83 against BTC, -1.22 against ETH. Weekly report: -22.57 against USD, -7.54 against BTC, -9.86 against ETH. Monthly report: -11.63 against USD, 2.21 against BTC, -16.44 against ETH.

Its noteworthy that is issued into circulation Litecoin.

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Litecoin Price Changed by 3.49 percent - ICO Brothers