TheBTC/USDprice has come back on the hourlycharton pretty thin volume but it is still building.

It was a pretty convincing break at 4 am London time last night.

The value area on the chart stands at 10,299.00 and there is the potential that price could come all the way back there.

The base case scenario is a test of the formation and a move back to lower level.

Ethereum is on an 8-day winning streak if it closes in the green today. Yesterday the shooting star pattern formed yesterday failed to materialize after lower prices were rejected earlier on.

Price is now headed to the current mean value area for this distributionand there is the potential that there could be a rejection.

The good point is that the volume is still high and the bulls could carry the price past the next resistance.

Litecoinhas retraced from Wednesday's high of $79.15 to trade at $74.37 by the time of writing. The fifth-largest coin with the current market value of $4.7 billion has lost nearly 2% of its value in recent 24 hours and decreased by 4.5% since the beginning of the day.

Read more:

Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - American Wrap - 19 September - FXStreet

Source: iStock/ljubaphoto

In its most recent move, Weiss Ratings, the financial ratings agency, downgraded Litecoin and Cardano , while Monero was upgraded.

The ratings of both Litecoin and Cardano went down from C+ to C. Litecoins risk/reward grade remains D, both of those aspects rated as weak, while its technology/adoption grade is B+, with the former rated as "fair" and the latter as "excellent." Cardano has a D- in risk and reward, both rated weak, but it has B+ in technology and adoption, rated "excellent" and "good," respectively.

As a matter of fact, whereas the last time, LTC and ADA were sitting at the 4th and 5th spot respectively, both of these coins have dropped in the ranking. BTC and ETH lead the list with their B- grades, followed by four coins with a C+ grade.

One of these is Monero, which has been upgraded from C to C+. Its risk and reward have been rated weak and given a grade of D+. Technology and adoption grade is B, with both rated good.

Watch the latest reports by Block TV.

Top 10 coins by their rating:

Weiss Ratings gives cryptocurrencies A to F grades, while a plus or minus sign indicates the upper third or lower third of a grade range, respectively. The agency advises to "bear in mind that the Weiss Crypto Ratings reflect not only long-term, relatively stable factors such as technology and adoption, but also short-term, volatile factors such as investment risk and reward. Therefore, they can change with some frequency".

See the original post here:

Weiss Crypto Ratings Downgrades Litecoin & Cardano, Ups Monero - Cryptonews

Bitcoin Cash ABC Finds Support

Bitcoin Cash ABC rose by 0.59% on Thursday. Partially reversing a 2.1% slide from Wednesday, Bitcoin Cash ABC ended the day at $300.79.

A mixed start to the day saw Bitcoin Cash ABC rise to an early morning high $299.86 before hitting reverse. Falling short of the first major resistance level at $305.96, Bitcoin Cash ABC slid to a mid-morning intraday low $294.4.

Steering clear of the first major support level at $289.75, Bitcoin Cash ABC bounced back to a late intraday high $302.42.

In spite of the breakout, Bitcoin Cash ABC came up short of the first major resistance level before easing back. Key on the day was the hold onto $300 levels.

At the time of writing, Bitcoin Cash ABC was down by 0.89% to $298.11. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $300.70 to a low $298.

Bitcoin Cash ABC left the major support and resistance levels untested early on.

For the day ahead, a move back through to $299.5 levels would support a run at the first major resistance level at $303.98.

Bitcoin Cash ABC would need the support of the broader market, however, to break out from $300 levels.

Barring a broad-based crypto rally later in the day, Bitcoin Cash ABC would likely come up short of the second major resistance level at $307.16.

Failure to move back through to $299.5 could see Bitcoin Cash ABC fall deeper into the red. A fall through to $297 levels would bring the first major support level at $296.05 into play.

Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of sub-$290 levels on the day. The second major support level at $291.3 would likely limit any downside.

Litecoin fell by 0.80% on Thursday. Following on from a 1.29% decline on Wednesday, Litecoin ended the at $69.28.

A bearish start to the day saw Litecoin fall from an early morning intraday high $70 to a mid-morning intraday low $68.29.

Whilst falling short of the major resistance levels, Litecoin came within range of the first major support level at $68.11.

Finding support from the broader market, Litecoin recovered to an afternoon high $69.9 before sliding back into the red.

At the time of writing, Litecoin was up by 0.23% to $69.44. A mixed start to the day saw Litecoin slide from an early morning high $69.63 to a low $68.88 before finding support.

Litecoin left the major support and resistance levels untested in spite of the choppy start to the day.

For the day ahead, holding above $69.15 levels would support another run at the first major resistance level at $70.09.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $69.63.

Barring a broad-based crypto rally, Thursdays high $70.0 and first major resistance level would likely limit any upside.

Failure to hold above $69.15 levels could see Litecoin slide into the red.

A fall through the morning low $68.88 would bring the first major support level at $68.38 into play before any recovery.

Barring a crypto meltdown, Litecoin should steer clear of sub-$68 support levels.

Story continues

Ripples XRP slipped by 0.29% on Thursday. Following on from a 1.21% decline on Wednesday, Ripples XRP ended the day at $0.25512.

Tracking the broader market, Ripples XRP fell from an early morning high $0.25660 to a mid-morning intraday low $0.25162.

Steering clear of the first major support level at $0.2507, Ripples XRP recovered to strike an early afternoon intraday high $0.25735.

In spite of the rebound, Ripples XRP came up short of the first major resistance level at $0.2611. It was also the first time since 6th September that Ripples XRP failed to visit $0.26 levels.

A choppy 2nd half of the day saw Ripples XRP slide back to $0.2520 levels before finding support to limit the downside on the day.

At the time of writing, Ripples XRP was up by 0.5% to $0.25639. A bearish start to the morning saw Ripples XRP fall to an early morning low $0.25404 before striking a high $0.25660.

Ripples XRP left the major support and resistance levels untested early on.

For the day ahead, Ripples XRP would need to steer clear of sub-$0.2550 levels to deliver a 1st day in the green for the week.

A move through the morning high $0.2566 would bring the first major resistance level at $0.2578 into play.

Ripples XRP would need to move through to $0.2560 levels by early afternoon, however, so support a breakout.

Barring a broad-based crypto rally, Ripples XRP would likely come up short of $0.26 levels for a 2nd consecutive day.

A fall through the morning low $0.25404 would bring the first major support level at $0.2520 into play.

In the event of a crypto meltdown, Ripples XRP could test the second major support level at $0.2490 before any recovery.

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Read the original here:

Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 13/09/19 - Yahoo Finance

Litecoin price has come back to square one after it saw a major price plunge from $67 yesterday. The coin is busy striking a price recovery against the U.S Dollar now. Moreover, the price rebound appears most likely to take place soon, as LTCs technical indicators look positive.

Yesterday, LTC was initially hovering around $65 from where it took a steady up-surge while tracing a bullish trendline. The price rally stopped above $67.94 as it could not fight the resistance beyond. A strong pullback ushered the coin as low as $63.99 breaching major support near $0.65 and $0.64. With a mild price rebound, Litecoin managed to climb above $65 before closing.

Since today morning, Litecoin price has not shown much of a momentum, except for a few plunged near $64. However, recently the coin has reached above $66 at 11:22:54 UTC.

The short term SMA line for Litecoin is below the long term SMA line, indicating a bearish phase. The current price of the coin is much below both the SMAs at present.

MACD indicator depicts the positive momentum of Litecoin with a bullish crossover. RSI is heading towards the overbought momentum as it is above the transition phase.

Price of Litecoin may see resistance at $69 and $70.12 if it crosses the price barrier near $67.12. Also, the coin may find support levels at $64.12, $63 and $61.12.

Excerpt from:

Litecoin Gears Up for A Rebound; Hovers Around $65 - CryptoNewsZ

A remote access Trojan (RAT) dubbed InnfiRAT comes with extensive capabilities to steal sensitive information, including cryptocurrency wallet data. Zscaler's ThreatLabZ team took a closer look at its inner workings, although the malware has been in the wild for a while.

The earliest this RAT was spotted is November 2017, according to security researcher James_inthe_box, but this is the first time it was analyzed more seriously.

InnfiRAT is a .NET malware the ThreatLabZ team found, with anti-VM and process checks designed to help it detect when it's running in a sandboxed environment, typically used for malware analysis.

After infecting the target's computer, InnfiRAT will copy itself into%AppData%/NvidiaDriver.exe and will write aBase64-encoded PE file in memory that gets decoded to another.NET binarywith theactual functionality of the malware.

If the RAT discovers that it's running in a sandbox, it will automatically terminate itself, otherwise, it would collect the compromised machine's HWID and country.

InnfiRAT will also terminate itself if it discovers the processes of tools used for process monitoringsuch as Process Hacker, Process Explorer, and Process Monitor.

The processes of several web browsers will also be enumerated (i.e., Chrome, Yandex, Kometa, Amigo, Torch, Orbitum, Opera, Mozilla) and, if found, will get immediately killed on sight, potentially to unlock the user profiles for easier harvesting.

The malware will also create a scheduled task designed to execute the malicious%AppData%/NvidiaDriver.exeexecutable on a daily basis just in case the RAT is discovered and killed.

While InnfiRAT's command and control (C2) servers can send it11 types of commands, the most interesting are those that instruct it to search for and steal Bitcoin and Litecoin wallet data, as well as cookie information from the web browsers that got killed in the reconnaissance stage.

The RAT searches for wallet.dat filesin the%AppData%Litecoin and%AppData%Bitcoin folders, with theimmediately being collected, if found and delivered to the malware's C2 server.

"InnfiRAT also grabs browser cookies to steal stored usernames and passwords, as well as session data. In addition, this RAThas ScreenShot functionality so it can grab information from open windows," foundthe Zscaler ThreatLabZ team.

"InnfiRAT sends the data it has collected to its command-and-control (C&C) server and requests further instructions.The C&C can also instruct the malware to download additional payloads onto the infectedsystem."

Text documents of less than2,097,152 bytes are also collected by the RAT if they're stored on the victim's desktop and get sent to the same pile of exfiltrated data stored on the C2 server.

InnfiRAT's operators can also send it the following commands besides the ones already described above:

SendUrlAndExecute(string URL) - download a file from a specified URL and executes it ProfileInfo() - collect and exfiltrate network, location, and hardware info LoadLogs() - write files into specific folders LoadProcesses() - get a list of running processes and send it to the C2 server Kill(int process) - command to kill a specific process on the victim machine RunCommand(string command) - execute a command on the victim machine ClearCooks() - clears browser cookies for specific browsers

Indicators of compromise (IOCs)including malware sampled hashes and domains used to drop the RAT and as C2 servers are available at the end ofThreatLabZ team's InnfiRAT write-up.

Last month, two new RATs were discovered by security researchers, one of them targeting several countries as part of a campaign operated by financially motivated threat actors who used a RAT payload dubbed BalkanRAT by the ESET researchers who spotted it.

The other undocumented RAT called LookBackwas foundby the Proofpoint Threat Insight Team researchers while being delivered via a spear-phishing campaignthat targeted three U.S. entities from the utility sector.

Read more:

InnfiRAT Malware Steals Litecoin And Bitcoin Wallet Information - BleepingComputer

Bitcoinprice in the session on Monday is trading with minor gains of some 0.10%.

BTC/USD bulls are trading ever so close to a critical barrier of resistance, as part of a narrowing triangular structure.

A game-changing barrier appears to be at the round psychological $10,500 mark.

Ethereum price is trading in negative territory, with losses of some 0.25% on Monday.

ETH/USD price action via the daily chart view has broken out to the upside from a descending wedge structure.m

A large barrier of resistance was observed at the $180 price mark, the daily break and closure above is attractive for further potential buying momentum.

There is a downtrend on the daily timeframe, and today there has been a break to the upside.

The trendline originated back in June and bounced off another wave high in August.

There has been a base forming with 62.11 the new support low.

On the upside 78.65 is now the main point of resistance and it was used as a big support zone on the 15th of July.

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Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 16 September - FXStreet

/latest/2019/09/litecoin-ready-for-gains-as-alts-turn-green-price-analysis/

Litecoin Ready for Gains as Alts Turn Green - Price Analysis

litecoin-ready-for-gains-as-alts-turn-green-price-analysis

Major altcoins have, of late, been stepping into the void of a quiet market, as Bitcoin (BTC) is mostly going sideways at the end of a long consolidation period. Litecoin (LTC) is one of these newly animated altcoins, and we are starting to see some gains and - again, like other major alts - a possible reversal from the lows.

Starting on the weekly candle which closed a day or so ago, we see a rather weird looking double doji candle formation. The candle closing on September 8 had a deep buy wick showing strong support, which did not quite translate into a reversal candle for last weeks close. Volume did not even increase for the week; but we can see a clear if slight uptick on the histogram.

LTC chart by TradingView

This week is already going notably better, with a bullish candle already engulfing the local structure and histogram ticking up hard. But its far too early to consider the next candle close, in about five days.

Moving to the daily, we see that price is poised to break above the main inflection point of the local market, with bullish indicators in tow. The 21 exponential moving average (EMA) was lost a few days ago, but retaken yesterday on decent volume (Bittrex).

LTC chart by TradingView

Higher highs and lows on the RSI are plainly telegraphing health, and the histogram looks ready to close the day with its own higher high. We might expect a breakout to test the 55 EMA (purple) about 8% up from the current price.

Finally, moving to the 12-hour USD pairing, we see that an ascending triangle formation is just about to be broken out of. The last candle has closed above the 55 EMA for the first time in this market cycle, and after consolidation above here we might see a strong leg up - if the volume shows up.

LTC chart by TradingView

There are no two ways about it: Litecoin looks well set up for some gains. And considering that we have already seen an almost identical scenario play out for Ethereum in the last week, it is very likely that Litecoin will follow a similar path amid this period falling Bitcoin dominance.

The views and opinions expressed here do not reflect those of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Featured Image Credit: Photo via Pixabay.com

Continue reading here:

Litecoin Ready for Gains as Alts Turn Green - Price Analysis - CryptoGlobe

Cryptocurrency markets are off to a slow start today with most cryptocurrencies only registering a single digit percent change in the past 24 hours. Its nearing the end of the week and we havent seen anything too exciting this week. Lets take a look at our favorite cryptocurrencies and see if the charts tell us whats in store.

Today the BTC/USD pair is giving a disappointing performance as it has declined tremendously over the last 24hrs. The top-performing crypto escalated from $10266.66, where it opened the session to $9992.23 the current price. This shows a price decrease of 2.67% over the last 24hrs. Additionally, the moving averages have formed bearish trend lines with resistance level remaining intact at $10292.35.

The market saw a slow decline, but at around 19:00, a bearish engulfing candle emerged. It sharply dropped the price to the oversold territory as reflected by the RSI that was seen below level 30. $9985.37 support level was tested before the price regains some momentum to a high of $10243.39.

A slow dip was again seen that defined the current price at $9992.23. However, the long-term SMA (A) that was seen trading above the short-term SMA (B) and the RSI that is hovering below average suggested a bearish outlook.

The pairs price seemed to be under pressure below $9985.37 level, thereby if sellers manage to break the price below it. A continuous decline is possible near $8000.00.

ETH/USD is on a ranging market with slightly lower volatility levels. The pairs price, however, dropped below $182.67 that is the current significant resistance level. The downside move pushed the price down to test the support level at $177.70 before a slight recovery to a high of $181.23. A downside price fluctuation later followed that drop the market price of ETH/USD to trade at $178.40.

Besides, the bearish pressure seemed to have gained support from the long-term SMA that hovered above the short-term SMA throughout the intraday. The RSI indicator also gave a bearish sign as it is now trading below average. However, there seemed to be a little hope for batter future as the RSI is now pointing north, which is a positive sign.

Since the moving averages are now acting as the price resistance level, a high chance of a downside breakout is likely in the short-term. If sellers manage to break $177.70 level, then there could be a downward correction near $173.00. On the upside move, if the bulls fight and breach $182.67 and imminent resistance may be found near $188.00 and $190.00.

LTC/USD is currently facing significant resistance level near $71.89 and support level near $70.18. Besides, the market suffered a mixed reaction as reflected by the RSI that has been hovering between the midpoints. The moving averages that are currently flattish suggested a range-bound for a short-term.

LTC/USD pair, therefore, moved from $70.79 to $70.48 that showed a slight dip over the last 24hrs. Notably, further downside move is possible as signified by the long-term SMA that is above the short term SMA and the RSI indicator that is pointing south. This also shows an increase in selling pressure that may negatively affect investors sentiments.

If the pairs price breaks down from the lower channel that is at $70.18, it might give rise to further decline near $68.50. Investors should wait for the price to break below 70.00 for them to take a short position.

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.

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Bitcoin, Ethereum and Litecoin Price Analysis and Prediction for September 12th 2019: BTC, ETH, and LTC - The Merkle Hash

Litecoin price is hooked with an uptrend from the past few days. However, intraday traders might experience a mixed day altogether. There is also a possibility for LTC to close the day with a negative number too. Still, the currency is giving positive indications of having a great future. The traders interested in LTC should dig-in without any second thought as it wouldnt go futile.

Yesterday, LTC started the day with an upside movement. Litecoin price escalated by 2.32% and counters switched from $70.326 to $71.958. The price started slipping since then and touched a low at $69.719. Further, LTC price picked up and reached $71.054 by 1.90%. The hike continued the march and went up to $74.011 by 4.16%. The day closed above $73 with an intraday progression of 4.14%. Today, the currency might be seen dealing around the same level. The day started at $73 and is now trading at $72.610.

The data feed is gathered from Biftinex on September 17, 2019, at 04:07:45 UTC.

The statistics of Litecoin tells us that the Market Cap is at $4,591,286,038. The 24-hour volume stands at $2,567,795,413. The ROI is noted at 1587.61%. The data seems less impressive for now, but the currency could have a great future ahead. There are speculations that Litecoin will prove to be the biggest competitor of Bitcoin (BTC) in the coming years.

Litecoin is anticipated to cross its 30-Day high value of $78.51 by the year-end. Litecoin would go best with long-term traders. The specified time frame would bring a colossal profit to them.

Continued here:

Litecoin Exhibits 4% Hike in the Intraday Trading - CryptoNewsZ

Over the past few weeks, Bitcoin has entered into a lull, finding itself in a defined range between $9,500 and $11,500 and experiencing the motions of consolidation: declining volumes, few price spikes or drops, and a broad sentiment of indirection and indecision.

Asreported by Ethereum World News, this massive lull has resulted in Bitcoins volatility index reading on BitMEX falling to a zone where massive price moves are born, as analyst Chonis put it.

Indeed, per this writers analysis of the metric, Bitcoin volatility is at a point not seen since two weeks prior to that one fateful day in April, which saw Bitcoin experience 20% explosion from $4,000 to $5,000. The metric is also as low as it was just days before Bitcoin plunged from the $6,000 cliff to the $3,000 bottom in late-2018.

But the question remains in which direction will BTC decide to head in?

One eerily accurate fractal suggests a falling Bitcoin.

Capo of Crypto, an up-and-coming analyst, recently pointed out that Litecoins price action from late-2017 to late-2018 is hinting that the Bitcoin price may be poised to plunge. He pointed out in a recent tweet that Litecoins chart and Bitcoins chart look eerily accurate, with both sporting a descending triangle, multiple retests of the same bottom, and the testing of key Fibonacci Retracement levels.

If Bitcoin is to follow Litecoins price action in full, BTC could visit by $8,300 by the end of the month, marking a $2,000 (just under 20%) drop from current levels.

This isnt a crazy theory? Just look at the two charts, which look structurally very similar.

This isnt the only sign showing that bears may soon manage to wrest the control of the market from bulls.

Committing to the short-term bear, long-term bull persona, renowned analyst Dave the Waverecently notedthat the $7,000 price level is still in reach for Bitcoin, with BTCs relative strength index (RSI) reading still being relatively lofty compared to historical bull market corrections.

Despite this, there are still optimists.

Over the past few months, Bitcoin has found itself trading in a clear triangle, seeing higher lows and lower highs. While some have taken this as a bearish signconsistently lower highs could be seen as a loss of bullish momentumwell-known analyst Jacob Canfield notes that per a study from Bulkwoski, descending triangles in an uptrend break upward 63% of the time.

The sentiment and fundamentals seem to be on the side of bulls. According to a recent impromptu poll of 4,000 cryptocurrency traders on Twitter by analyst Josh Rager, a majority just around 60% believe that Bitcoin will break above the triangle. And on the fundamental side, Bakkt is poised to launch its Bitcoin futures contracts to the world.

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Litecoin Fractal Hints Bitcoin Price May Soon Tumble to $8,300 - Ethereum World News

As the top altcoins entered into a brief moment of bullish frenzy, Litecoin exhibited 7.69% surge over the week and was valued at $74.73, at press time. The coin continued to trade below BCH and held a market cap of $4.72 billion. Additionally, Litecoin registered a 24-hour trading volume of $3.90 billion.

As predicted in a previous article, the coin underwent an upward breakout following the bull run.

Litecoin 1-day chart

Litecoin had a brief tryst with the bulls after it hit a year high on 22nd June 2019. The silver crypto climbed to a price of $146.43. LTC remained within the Fib level of 146.79 and 0.786 for short period and dropped below key support of Fib level 0.236. And as the coin exhibited a fresh upward momentum along with its peer altcoins, one-day chart for Litecoin indicated an ascending triangle pattern.

This pattern suggested another bullish phase for the coin and potential price breakout on a positive side. MACD indicator in the chart below also edged toward a potential bull run with the reading line hovering above signal line.

50-moving average line went below 100-moving average line around the same time when the coin underwent its second scheduled halving. After a brief stint with the bulls, LTC prices spiraled down shortly after the event and continued to hover below its key resistance levels.

According to the above daily chart, 50 moving average line continued to tread below the 100 moving average line.

According to the above daily chart, 50 moving average line continued to tread below the 100 moving average line.

The above weekly chart for Litecoin exhibited a descending channel with the price trend leading to a parallel channel tilted downward. This further predicted an upward price breakout.

Conclusion:

The above long-term charts for the coin continued to remain positive and a potential bull run for the coin could potentially shoot its prices to $96. However, in a scenario of a bear phase and a reversal in the current positive trend, Litecoin could find its support at $57.

Continue reading here:

Litecoin could swing higher following the completion of ascending triangle pattern - AMBCrypto

Bitcoin Cash ABC Holds onto $300

Bitcoin Cash ABC rose by 2.15% on Saturday. Reversing a 0.63% fall from Friday, Bitcoin Cash ABC ended the day at $303.81.

A bearish start to the day saw Bitcoin Cash ABC fall to an early morning intraday low $295.24.

Steering clear of the first major support level at $294.76, rallied to a late intraday high $307.0.

Bitcoin Cash ABC broke through the first major resistance level at $300.97 and second major resistance level at $303.94.

Easing back in the final hour, Bitcoin Cash ABC fell back through the second major resistance level, whilst holding onto $300 levels.

At the time of writing, Bitcoin Cash ABC was up by 0.98% to $306.78. A bullish start to the day saw Bitcoin Cash ABC rise from an early morning low $304.97 to a high $307.

Bitcoin Cash ABC left the major support and resistance levels untested early on.

For the day ahead, Bitcoin Cash ABC would need to steer clear of sub-$303 levels to support a run at the first major resistance level at $308.79.

Support from the broader market would be needed, however, for Bitcoin Cash ABC to break out from this morning and Saturdays high $307.

Barring another broad-based crypto rally, Bitcoin Cash ABC would likely come up short of the second major resistance level at $313.78.

Failure to steer clear of sub-$303 levels could see Bitcoin Cash ABC test the first major support level at $297.03 before any recovery.

Barring a crypto meltdown, Bitcoin Cash ABC should steer well clear of the second major support level at $290.26.

Litecoin rose by 2.2% on Saturday. Reversing a 0.16% fall from Friday, Litecoin ended the day at $70.62.

A bearish morning saw Litecoin fall from an early morning high $69.49 to a mid-day intraday low $68.30.

Steering clear of the first major support level at $67.56, Litecoin rallied to a late afternoon intraday high $71.45.

The rally saw Litecoin break through the first major resistance level at $70.15 and second major resistance level at $71.22.

A pull-back late in the day saw Litecoin fall back through the second major support level to wrap up the day at sub-$71 levels.

At the time of writing, Litecoin was up by 0.31% to $70.84. A bullish start to the day saw Litecoin rise from an early morning low $70.64 to a high $71.47 before easing back.

Litecoin left the major support and resistance levels untested early on.

For the day ahead, holding above $70.60 levels would support another run at the first major resistance level at $71.95.

Litecoin would need the support of the broader market, however, to break out from this mornings high $71.47.

Barring another broad-based crypto rally, Litecoin would likely fall short of the second major resistance level at $73.27.

Failure to steer clear of $70.60 levels could see Litecoin reverse Saturdays gain. A fall through to sub-$70 would bring the first major support level at $68.80 into play before any recovery.

Barring a crypto meltdown, Litecoin should steer clear of sub-$68 levels on the day.

Ripples XRP gained 2.34% on Saturday. Following on from a trend-bucking 0.55% rise from Friday, Ripples XRP ended the day at $0.26251.

A bearish start to the day saw Ripples XRP fall to a mid-morning intraday low $0.25465 before making a move.

Steering clear of the first major support level at $0.2536, Ripples XRP rallied to an early afternoon intraday high $0.2660.

Ripples XRP broke through the major resistance levels on the way through to a current week high.

A late pullback saw Ripples XRP fall back through the third major resistance level at $0.2632. Of significance, however, was the first hold onto $0.26 levels for the week.

At the time of writing, Ripples XRP was up by 0.14% to $0.26287. A mixed start to the day saw Ripples XRP rise to an early morning high $0.26405 before pulling back to a low $0.26242.

Ripples XRP left the major support and resistance levels untested, in spite of the choppy start.

For the day ahead, Ripples XRP would need to steer clear of sub-$0.2615 levels to support another day in the green.

A move back through the morning high $0.26405 would bring the first major resistance level at $0.2675 into play.

Barring another broad-based crypto rally, Ripples XRP would likely come up short of $0.27 levels on the day.

Failure to steer clear of sub-$0.2615 levels would bring sub-$0.26 levels into play before any recovery.

Barring a broad-based crypto sell-off, however, Ripples XRP should steer clear of the first major support level at $0.2561.

Please let us know what you think in the comments below

Thanks, Bob

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Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 15/09/19 - FX Empire

Weeks after breaking into its Death Cross, Litecoin is looking more bearish than ever. The fifth-largest cryptocurrency on the market is trudging downward yet again, looking to sustain below the $70 range after breaking above for a brief period earlier this month.

In terms of the short term 1-hour chart, LTC bears are periodically drawing the price down forming a descending triangle. With lower highs placed at $72.32, $71.89, and 68.96, while the base has been laid out as the support level of $68.44 which the current price is struggling to stay above.

Litecoin dipped below the aforementioned base on 1600 UTC on 13 September, which was seen as the slump that could propel a major collapse. However, despite a 2 percent dip in 3 hours, the price managed to climb back up over the $68.44 base by 2300 UTC on the same day. The recovery was short lived as the top of the triangle acted as yet another resistance which the price bounced off. At press time, candlesticks are veering toward the end of the triangle, signalling either a breakout over the declining resistance or a fall below.

To accompany a positive move out of the triangle, volume will have to assist LTC. The cryptocurrencys volume as well as Relative Strength Index [RSI] is not holding up well, Still locked at 48.55 and moving in a parallel channel, a move out looks unlikely.

Looking at the wider picture, Litecoin continued to languish within the downward parallel channel. Beginning in June, the four-month old channel was initiated when Litecoin was at its 2019 peak of over $144. Since then, the price of the coin has dropped by over 52 percent, with each decline encapsulated in the channel.

On three occasions, the coin tried to break out of this channel, however, each time the price dropped, and the same was accompanied by a more severe decline. Lower high as littered in the channel, placed periodically at $137.41, $106.41, $89.92, and several within the $70 $80 range.

The only positive sign for Litecoin is the fact that owing to the massive [relative] price burst seen on 7 September, which added 6.24 percent to Litecoins price, the coin is now testing the slanted resistance. If the price does not fall below $68 prior to the close of this weekend, Litecoin will escape the parallel channel.

On the trading health front, MACD indicator pointed to an overtake, and a good one at that, of the MACD line against the Signal line. If the same does hold, a move out could be more than likely, signalling a clawback for Litecoin.

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Litecoin could start its road to recovery if it breaks out of the parallel channel - AMBCrypto

In a podcast, Charlie Lee now reveals that he thought Litecoin (LTC) would surge above $1000. All the same, by profitably exiting at the height of the Great Bull Run of late 2017, he reaped huge despite all the criticism from the community. At spot rate, Litecoin (LTC) is up 6.1 percent in the last week.

Year-to-date, Litecoin, and Binance Coin are perhaps the top two performing assets with triple-digit gains. However, it is the founder Charlie Lee who lights up the scene as he supports the coin. Even so, note that the co-founder did liquidate a big chunk of his LTC holding, selling at the peak of late 2017 super rally while simultaneously issuing a warning to Litecoin (LTC) investors urging them to invest if they are ready for a 90 percent plus drop. True to his words, Litecoin (LTC) and the crypto market, in general, slid, with altcoins losing more than 85 percent of Dec 2017 prices.

Nonetheless, leading in the recovery is Litecoin. Although Charlie Lee now admits that he thought the coin would rally to $1000, it is the coins hash rate that is improving by the day. There are several factors behind Litecoin (LTC) resurgence. One of them is Bitcoins prices bottoming up. As they have a positive correlation, the rise of the former mean Litecoin stands to expand. However, it is early August Litecoin halving that is drawing demand for the asset as investors prepare for scarcity.

Price wise, Litecoin (LTC) is up 6.1 percent in the last week. From price action, bulls are in charge as long as prices are trending above $50. Since buyers are in control after reversing losses of Q4 2018 and the sell-off from mid-April to early May did cool off prices, traders can load up in dips with first targets at $100, our next resistance level marking Apr-3 highs.

Buyers are back thanks to the Apr-30-May-1 double bar bull reversal, and with the reaction from the 78.6 percent Fibonacci retracement level of Apr-2-3 high low signaling trend continuation, traders should fine-tune entries in smaller time frames as they aim at $100.

From above, May-3 bull bar is our anchor. With above average volumes216k versus 174k, the candlestick confirms the double bar bull reversal of Apr-30-May 1 while simultaneously triggering buyerswaiting for Apr-2 mirrorsinto action as the next leg up towards $100 is likely in motion. However, for buyers to be in control, then volumes clearing the $80 mark must be with high volumes exceeding 216k of May-3.

Charts courtesy of Trading View

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Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving?

Litecoin price seems to be consolidating against the US Dollar, while bitcoin is climbing. LTC price remains well supported on the downside near $71.20 and $70.80

This past week, there was a sharp upward move in litecoin price above the $75.00 and $76.50 resistances against the US Dollar. The LTC/USD pair even broke the $80.00 resistance and 55 simple moving average (4-hours). As a result, a new monthly high was formed at $81.63 and later the price corrected lower sharply. It broke the $76.50 support level, and the 50% Fib retracement level of the key upside from the $64.93 swing low to $81.63 high. There was even a spike below the $72.00 level and the 55 simple moving average (4-hours).

However, the $71.20 and $70.80 levels acted as strong supports. Besides, the 61.8% Fib retracement level of the key upside from the $64.93 swing low to $81.63 high acted as a support. The price tested the $71.20 support on a few occasions and it recently climbed higher. Bitcoin price recently climbed to a new 2019 high, pushing litecoin above $74.00 and the 55 simple moving average (4-hours).

On the upside, there are many resistances near the $76.00, $76.50 and $76.80 levels. There is also a major bearish trend line formed with resistance at $76.80 on the 4-hours chart of the LTC/USD pair. Therefore, it wont be easy for the bulls to clear the $76.50 and $76.80 resistances in one attempt. Above the $76.80 and $77.00 levels, the price is likely to trade towards $80.00, $81.50 or even $84.00.

Looking at the chart, litecoin price is clearly trading above a strong support area near $61.20. Therefore, dips remain attractive to the bulls near the $62.00 and $61.20 levels. As long as the price is above $61.20 and $60.80, it could break the $76.80 resistance. If not, there is a risk of a sharp decline below the $70.00 and $68.00 support levels.

4 hours MACD The MACD for LTC/USD is slowly gaining pace in the bullish zone, but the momentum is not convincing.

4 hours RSI (Relative Strength Index) The RSI for LTC/USD is currently testing the 50 level, with a bearish angle.

Key Support Levels $72.00 and $71.20.

Key Resistance Levels $76.80 and $80.00.

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Litecoin (LTC) Price Analysis: Dips Remain Attractive To ...

Litecoin price is facing astrong resistance near the $72.50 and $75.00 levels against the US Dollar. LTC couldextend losses towards the $62.00 or $60.00 support before a fresh increase.

Key Talking Points

This past week, there was a strong decline in bitcoin, Ethereum, EOS, ripple, litecoin and other altcoins against the US dollar. The LTC/USD pair broke a major support area near the $75.40 level to enter a bearish zone in the near term.

Looking at the 4-hour chart, LTC price declined heavily below the $75.40 support and settled below the 100 simple moving average (4-hour). The price even broke the $70.00 support level and traded as low as $67.08.

At the moment, the price is trading with a bearish angle,with an immediate resistance near the $70.00 level and the 23.6% Fib retracementlevel of the last drop from the $79.64 high to $67.08 low.

On the upside, there are many decisive resistances near the$72.50 and $75.00 levels. There is also a crucial bearish trend line formed withresistance near the $72.50 level on the 4-hour chart. Above the trend line, thenext resistance is near the $74.00 level.

Besides, the 50% Fib retracement level of the last drop fromthe $79.64 high to $67.08 low is near the $73.35 level to act as a resistance. Themain resistance is near the $75.40 level (the previous support).

A successful close above the $75.40 level and the 100 simplemoving average (4-hour) is needed for litecoin price to start a strong upwardmove. The next major resistances are near $80.00 and $82.50. Conversely, a downsideextension below the $67.00 level may push the price towards the next majorsupports near the $62.00 and $60.00 levels in the coming days.

The market data is provided by TradingView.

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Litecoin (LTC) Price Analysis: Risk Of Additional Weakness ...

Sharp gain in bitcoin cash, litecoin, dogecoin, BTC, XLM, ripple and ADA fueled $40.0 billion crypto rally. BTC, XRP and ETH corrected lower recently, but they remain well supported on dips.

Recently, there was a strong upward move in bitcoin cash price above the $200 resistance level against the US Dollar. BCH outperformed every other coin in the top 10 and it almost doubled its price. Buyers even pushed the price above the $300 level and the price tested the $340 level.

Later, there was a sharp downside correction and the price traded below the $320 and $300 support. However, the price remains well supported on the downside near the $290 and $280 levels.

Litecoin also performed really well after it broke the $70 resistance level. It climbed more than 30% and broke the $80 and $90 resistance levels. LTC even traded close to the $100 resistance level and recently corrected lower. It moved below the $90 level, but the $80 and $82 levels are acting as strong supports. As long as the price is above $80, it is likely to bounce back above $90 and $95.

Dogecoin started a strong upward move after forming a support base above the $0.0020 level. DOGE price climbed above the $0.0025 and $0.0030 resistance levels. The recent rally was strong as the price even traded towards the $0.0035 level. A high was formed near $0.00376 level and the price is currently correcting lower. The main supports are near $0.0035 and $0.0032.

EOS price rallied sharply above the $5.20 and $5.50 resistance levels. It tested the $5.80 level and recently corrected lower. It tested the $5.20 support and it remains well supported above the $5.00 level.

Looking at the total cryptocurrency market cap hourly chart, there were further upsides above the $165.0B and $170.0B resistance levels. The market cap even moved closer to the $180.0B level before correcting lower. There was a sharp downside correction below the $175.0B and $170.0B levels. However, the previous resistance near the $160.0B zone acted as a strong support. The market cap is currently consolidating, but it could move higher once again towards $170.0B or even $175.0B. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, bitcoin cash, dogecoin, XLM, ICX, and other altcoins in the near future.

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Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher ...

What is Litecoin (LTC)?

Litecoin is a digital currency, abbreviated as LTC, distributed in a decentralized network and is one of the world's largest cryptocurrencies. Litecoin launched in October, 2011 as a direct derivative of Bitcoin and its blockchain. Litecoin offered a key advantage over Bitcoin in the form of faster transactions and thus higher potential liquidity-ultimately resulting in lower transaction costs.

Litecoin was the first of the top 5 cryptocurrencies in market capitalization to implement the Segregated Witness transaction format. Also known as SegWit, the new protocol allowed for potential speed and security improvements on the original Litecoin software and enabled the use of the so-called Lightning Network. Here the purpose of the secondary network is to enable faster off-blockchain transactions which are ultimately aggregated and broadcast to the blockchain itself.

The development and performance of Litecoin has tracked Bitcoin, and therefore has quickly become the world's second-largest cryptocurrency in terms of total market capitalization.

In the future we expect Litecoin to track the trajectory of other major cryptocurrencies quite closely. Where it stands to gain is as a more technologically-advanced version of Bitcoin. And indeed price of LTC has thus far outperformed BTC since Litecoin adopted SegWit in May, 2017.

You can track Litecoin prices on our currency chart, and read all the latest Litecoin news and analysis to support your cryptocurrency day trading.

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Litecoin (LTC) price: News & Live Chart - Trading Analysis ...

DEFINITION of Litecoin

Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Litecoin was created by an MIT graduate and former Google engineer named Charlie Lee. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme.

Litecoins were launched with the aim of being the "silver" to Bitcoin's "gold," and have gained much popularity since the time of inception. Litecoin is a peer-to-peer internet currency. It is a fully decentralized open source, global payment network. Litecoin was developed with the aim to improve on Bitcoin's shortcomings, and has earned industry support along with high trade volume and liquidity over the years. The broader differences between the two cryptocurrencies are listed in the table below.

Bitcoin

Litecoin

Creation

2009

2011

Creator

Satoshi Nakamoto

Charles Lee

Coin Limit

21 Million

84 Million

Block Generation Time

10 Minutes

2.5 Minutes

Algorithm

SHA-256

Scrypt

Initial Reward

50 BTC

50 LTC

Current Block Reward (as of June 2014)

25 BTC

50 LTC

Rewards

Halved every 210,000 blocks

Halved every 840,000 blocks

Difficulty Retarget

2016 Block

2016 Block

Litecoin is designed to produce four times as many blocksas Bitcoin (1 new block every 2.5 minutes to Bitcoin's 10), and it also allows for 4x the coin limit, making its main appeal over Bitcoin to do with speed and ease of acquisition. However, because Litecoin uses scrypt(as opposed to Bitcoin'sSHA-2)as a proof-of-work algorithm, the use of mining hardware such as ASIC miners or a GPU mining rig requires significantly more processing power.

Litecoin is consistently among the largest cryptocurrenciesinterms of market capitalization (though still remaining far below that of Bitcoin)and it currently has more than 50 million coins in circulation.

See the article here:

Litecoin - Investopedia

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Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Bitcoin (BTC), Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority. Litecoin is intended by its developers to improve upon Bitcoin, offering several key differences. As of November 2013, Litecoin had received extended coverage by mainstream media with agencies such as the Wall Street Journal, CNBC and The New York Times citing it as an alternative (or possibly even successor) to Bitcoin.

After Bitcoin and Ripple, Litecoin is the third-largest cryptocurrency by market capitalization.

A peer-to-peer network similar to Bitcoin's handles Litecoin's transactions, balances and issuance through scrypt, the proof-of-work scheme (Litecoins are issued when a small enough hash value is found, at which point a block is created, the process of finding these hashes and creating blocks is called mining). The issuing rate forms a geometric series, and the rate halves every 840,000 blocks, roughly every four years, reaching a final total of 84 million LTC.

If you want to know more then check out the full Litecoin Wikipedia article

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