For the day ahead

Litecoin would need to move through the $171 pivot to bring the first major resistance level at $175 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Sundays high $174.99.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at the 23.6% FIB of $178 and the second major resistance level at $180.

Failure to move through the $171 pivot would bring the first major support level at $166 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$160. The second major support level at $161 should limit the downside.

First Major Support Level: $166

Pivot Level: $171

First Major Resistance Level: $175

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripples XRP rose by 1.76% on Sunday. Reversing a 0.37% decline from Saturday, Ripples XRP ended the week up by 11.74% to $1.05524.

Tracking the broader market, Ripples XRP fell to an early morning intraday low $1.02249 before making a move.

Steering clear of the first major support level at $1.0074, Ripples XRP rallied to a late intraday high $1.08920.

Ripples XRP broke through the 38.2% FIB of $1.0659 and the first major resistance level at $1.0707.

A late pullback, however, saw Ripples XRP fall back through the first major resistance level and the 38.2% FIB before ending the day at sub-$1.06 levels.

At the time of writing, Ripples XRP was down by 0.08% to $1.05438. A mixed start to the day saw Ripples XRP rise to an early morning high $1.05542 before falling to a low $1.05438.

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

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Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis ...

Ethereum

Ethereum fell by 2.65% on Monday. Reversing a 0.46% gain from Sunday, Ethereum ended the day at $3,745.48.

A bullish start to the day saw Ethereum rise to an early morning intraday high $3,894.7 before hitting reverse.

Falling short of the first major resistance level at $3,963, Ethereum slid to an early afternoon intraday low $3,676.35.

Ethereum fell through the first major support level at $3,687 before briefly revisiting $3,800 levels.

A bearish end to the day, however, saw Ethereum slide back to sub-$3,800 levels and into the red.

At the time of writing, Ethereum was up by 0.20% to $3,753.06. A mixed start to the day saw Ethereum fall to an early morning low $3,731.22 before rising to a high $3,765.55.

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

Ethereum would need to move through the $3,772 pivot to bring the first major resistance level at $3,868 play.

Support from the broader market would be needed, however, for Ethereum to break out from $3,850 levels.

Barring an extended crypto rally, the first major resistance level and Mondays high $3,894.70 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test the second major resistance level at $3,991.

Failure to move through the $3,772 pivot would bring the first major support level at $3,650 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,500 levels. The second major support level at $3,554 should limit the downside.

First Major Support Level: $3,650

Pivot Level: $3,772

First Major Resistance Level: $3,868

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin rose by 1.01% on Monday. Partially reversing a 1.22% loss from Sunday, Litecoin ended the day at $185.63.

A bullish start to the day saw Litecoin rise to a mid-morning intraday high $187.50 before hitting reverse.

Story continues

Falling short of the first major resistance level at $189, Litecoin slid to an early afternoon intraday low $178.51.

Steering clear of the first major support level at $178 and the 23.6% FIB of $178, Litecoin revisited $187 levels before easing back.

At the time of writing, Litecoin was down by 0.20% to $185.25. A mixed start to the day saw Litecoin fall to an early morning low $184.71 before rising to a high $186.20.

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

Litecoin would need to avoid the $184 pivot to bring the first major resistance level at $189 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Mondays high $187.50.

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $193.

A fall through the $184 pivot would bring the first major support level at $180 and the 23.6% FIB of $178 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$170. The second major support level at $175 should limit the downside.

First Major Support Level: $180

Pivot Level: $184

First Major Resistance Level: $189

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripples XRP fell by 1.05% on Monday. Following a 3.61% slide on Sunday, Ripples XRP ended the day at $1.08233.

A mixed start to the day saw Ripples XRP rise to a mid-morning intraday high $1.10500 before hitting reverse.

Falling short of the first major resistance level at $1.1479, Ripples XRP fell to an early afternoon intraday low $1.06510.

While steering clear of the first major support level at $1.0274, Ripples XRP fell through the 38.2% FIB of $1.0695.

Finding mid-afternoon support, however, Ripples XRP broke back through the 38.2% FIB to end the day at $1.08 levels.

At the time of writing, Ripples XRP was up by 0.11% to $1.08357. A mixed start to the day saw Ripples XRP fall to an early morning low $1.07858 before rising to a high $1.08704.

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

Ripples XRP would need to move back through the $1.0841 pivot to bring the first major resistance level at $1.1032 into play.

Support would be needed, however, for Ripples XRP to break back through to $1.10 levels.

Barring an extended crypto rally, the first major resistance level and Mondays high $1.1050 would likely cap the upside.

In the event of a broad-based crypto rally, Ripples XRP could test resistance at $1.15 before any pullback. The second major resistance level sits at $1.1240.

Failure to move back through the $1.0841 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0633 into play.

Barring another extended sell-off, however, Ripples XRP should avoid sub-$1.05 levels. The second major support level sits at $1.0442.

First Major Support Level: $1.0633

Pivot Level: $1.0841

First Major resistance Level: $1.1032

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

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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Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis October 19th, 2021 - Yahoo Finance

Litecoin price is on the penultimate leg of a technical formation that will catalyze a quick bull rally. LTC needs to clear one critical hurdle to kick-start a run-up to levels last seen more than a month ago.

Litecoin price has been on a slow but steady uptrend since October 13 and is approaching an inflection point. From September 7 to October 19, LTC set up three distinctive swing lows. The central one is deeper than the ones on either side and forms the head. In contrast, the ones on either side of comparable depths are referred to as shoulders. Together, this price action is known as head-and-shoulders.

A trend line drawn across the peaks of these swing lows results in a neckline or horizontal resistance at $191.20. This technical formation forecasts a 26% upswing, determined by adding the distance between the neckline and the heads lowest point. Adding this measure to the breakout point at $191.20 reveals a target at $243.07.

While this theoretical target for Litecoin price is plausible after producing a decisive close above the neckline, it will face hurdles at $212.26 and $232.68 before reaching its target. Therefore, Litecoin price must shatter these blockades to achieve a 26% ascent to $243.07.

LTC/USDT 9-hour chart

On the other hand, Litecoin price might not produce a breakout above $191.20 from its current position. Investors must expect the possibility of LTC retesting the $176.68 or $170.48 support floors before proceeding to shatter the neckline.

If Litecoin price fails to bounce off $165.28, it will put the upswing in jeopardy. A lower low below this barrier will put the bulls in a tight spot and invalidate the bullish thesis. In such a situation, LTC is likely to slide lower and retest $158.14 or other support floors.

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Litecoin Price Prediction: LTC on cusp of 26% breakout - FXStreet

Litecoin is a cryptocurrency that was up by more than 140% the previous year. But now when we take a look at LTC, it is one of the fastest-growing coins until May this year, but with the external factors colliding the situation has drastically changed. Litecoin prices have been highly volatile. Like other cryptocurrencies, one of the big reasons for the fall of this cryptocurrency is the overall weakness of Bitcoin.

In general, as similar cryptocurrencies hold great correlations, it can be seen as it had fast growth, the coin may have witnessed a decline. The other major concern can also be the United States for higher capital gains taxes might have played a role in the financial industry. The Litecoin price predictions suggest that it has potential, but will it be able to survive? Lets find our answers here!

Litecoin is a superior and a strong alternative to fiat money when compared to the second-largest cryptocurrency, Ethereum. Since ETH is not developed as money, we can still use it. ETH is a much more complex concept than Litecoin. LTC is just a digital p2p money with a built-in scarcity that can work faster when used for transactions. So, the adoption of Litecoin has been easy. So as the BTC increases, the transaction costs will rise and be cheaper making the transactions easier, thereby increasing the prices of LTC.

Litecoin has been advancing and has been included as a means of payment in Venezuelas mainstream international payments systems. Using the Remesas remittance platform, foreigners can send Litecoin to family members or even friends in the region. And the interesting part is that the Litecoin Foundation has a 9.9% share in the German WEG bank. The coin can be recognized in the long-term as a possible cryptocurrency to buy or invest in real estate in Germany.

The experts have predicted that Litecoin has a bright future in 2021 due to all integrations and partnerships that it has made. The Litecoin community is also very active with all the new and upcoming developments. It is clear that this cryptocurrency has great potential and will rise further being a tough competitor for all the currencies in the crypto market. Even so, the price of the cryptocurrency is below US$300 and is less likely to hit its all-time high of US$412.96, which it achieved on May 10th, 2021. 2022 is going to be crucial for Litecoin to stay in the race in the highly volatile crypto market.

The Litecoin predictions are based on the fact that it is one of the most appreciated cryptocurrencies across the globe. Even with low transaction costs and confirmations, Litecoin is emerging as the new form of payment standard for consumers and businesses worldwide. This cryptocurrency also reassures traders that costs are likely lower than what they believed. But the processing fees are less than those that are incurred by credit cards or any other types of payments even with integration is free. If the cryptocurrency can break above its current price and hold on in the long run, then the forecast says it will retest its all-time high.

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After Surviving the Crypto Wave for a Decade, Where is Litecoin Headed? - Analytics Insight

On October 13, 2011, the Litecoin network first went live. Today marks ten years from the debut of digital silver, which has arrived at the same time as the asset has made a new all-time low against BTC.

Is it lights out for Litecoin from here, or will this ten-year anniversary be the start of a dramatic turnaround the asset is known for.

Ten-year anniversaries are always a special event worth celebrating. LTC holders might not feel that way, considering their coin has fallen out of the top ten cryptocurrencies by market cap, and has in general underperformed nearly every other altcoin technically.

The LTC ratio against BTC has been through the wringer, just this week revisiting all-time lows and sending sentiment to the darkest its ever been.

Related Reading | Why Litecoin Could Ultimately Benefit From Bitcoins Success

Although technical picture is undoubtedly looking bad for the LTCBTC trading pair, fundamentally, there are few altcoins stronger than Litecoin. And on its ten year anniversary, it also has more longevity behind it than 90% of the rest of the market today.

The number of LTC transactions daily has been breaking records all year long. It is being heavily accumulated via shares of Grayscales LTCN. And now, on the assets ten year anniversary, revisiting all-time lows might have been necessary to prove to naysayers that it wont go any lower. Ever.

The LTCBTC chart above shows a massive bullish divergence, just as cycle lows are swept and historical lows are reached.

Litecoin trading against the dollar below, is even more bullish, still holding strong above the resistance turned support level at the neckline of an enormous Adam and Eve double bottom pattern.

A reversal in the LTCBTC pair and a rise in Bitcoin would fit the technical structure of a shocking upward move in Litecoin to the top of a pitchfork channel. Past upward moves took very little time to reach the top after passing through the median. Why would this time be different?

Related Reading | Technically Flawless Litecoin Could Lead To Biblical Bullish Move

Litecoin moves fast, because FOMO sets in the moment the market realizes it was wrong. Currently, because of the altcoins underperformance during this cycle, investors arent looking its way. But because today is the ten year anniversary, there could be more reason to see the light through all the darkness.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content iseducational and should not beconsidered investment advice.

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Litecoin 10-Year Anniversary Arrives Alongside Altcoin's Darkest Hour - bitcoinist.com

Litecoin price is on the penultimate leg of a technical formation that will catalyze a rapid bullish rally.LTC must clear a critical hurdle to start a race at levels last seen over a month ago.

Litecoin price has been following a slow but steady uptrend since October 13 and is approaching an inflection point.From September 7 to October 19, LTC implemented three separate swing lows.The central is deeper than those on each side and forms the head.In contrast, those on either side of comparable depths are called shoulders.Together, this price action is known as the head and shoulders.

A trendline drawn through the highs of these swing lows results in a neck line or horizontal resistance at $ 191.20.This technical training provides for a rise of 26%, determined by adding the distance between the neckline and the lowest point of the head.Adding this metric to the break point at $ 191.20 reveals a target of $ 243.07.

While this theoretical goal for the price of Litecoin is plausible after achieving a decisive close above the neckline, it will face obstacles at $ 212.26 and $ 232.68 before reaching its goal. .Therefore, the price of Litecoin needs to break these blockages to reach a 26% ascent to $ 243.07.

9 hour LTC / USDT chart

On the flip side, the price of Litecoin might not produce a breakout above $ 191.20 from its current position.Investors should expect LTC to re-test the support lows of $ 176.68 or $ 170.48 before proceeding to break the neckline.

If the price of Litecoin does not rebound to $ 165.28, it will jeopardize the recovery.A lower low below this barrier will put traders in a difficult position and invalidate the bullish thesis.In such a situation, LTC is likely to drop and retest $ 158.14 or other support floors.

Litecoin Price Predictions: How It could go in 2021 and Beyond

Litecoin cryptocurrency was up by more than 140% in 2020. In 2021, LTC showed very fast growth till May; however, due to some external factors, the situation significantly changed. The Litecoin price has been through a lot from its launch going up and down. Its price started at about $3 per LTC and has gone through a number of bubble cycles or alt seasons.

Eventually, Litecoin closed 2020 at $124.69 (on CoinMarketCap). From December 31st, 2020, to May 9th of this year, the price rose by 211%. After it hit the $400 level, the coin started dropping. From the period between May 10th and 23rd, it declined by 63.26%. Similar to other cryptocurrencies, one of the big reasons for such a fall is the overall weakness of Bitcoin. In general, similar and close currencies have tight correlations. It could have been seen that due to the fast growth of the LTC, the coin would have declines. Lastly, the concerns in the United States for higher capital gains taxes played a role in the financial industry.

As for the long-term Litecoin prediction, the outlook suggests that Litecoin has potential. Will the price of Litecoin go up this year and in the years to come? Lets find out!

Litecoin (LTC) is a so-called digital peer-to-peer currency integrated into open-source software. Technically, the Litecoin project is very similar to the Bitcoin system. Litecoin production and transmission are based on an open-source encryption protocol. There is no central control. With this in mind, all transactions, balances, and expenses are managed by a peer-to-peer network. Litecoin is created on the basis of a cryptological hash function, which in turn generates blocks. Litecoin can be exchanged for Bitcoin and fiat money. The processing in question usually takes place via online exchanges (cryptocurrency exchanges).

Litecoin was created by a former Google employee, Charlie Lee, in 2011. The cryptocurrency was created based on the Bitcoin protocol but differs in terms of the hash algorithm used. Furthermore, it also differs in hard caps, block transaction times, and some other factors. Litecoin was released via an open-source client on GitHub on October 7, 2011. On October 13, 2011, 5 days later, the Litecoin network went live.

Lees goal was to create a light version of Bitcoin with Litecoin. Developers have always stated that you can consider Litecoin to be the silver version of Bitcoin. Litecoin differs from Bitcoin in the prioritization of the transaction confirmation rate, which is approximately 2.5 minutes per block. However, the reality is that Litecoin users will have to wait up to about 30 minutes for their transaction to be processed due to network congestion.

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. Its a very cheap, super-safe highway for making payments especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

Most investors see Bitcoin as gold and Litecoin as silver. Litecoin was developed as an alternative to Bitcoin and developed as a lightweight that solved some shortcomings of Bitcoin. It is a classic altcoin with more than 6 years of experience and development behind it. Software updates and new tech can be easily added to Litecoin.

As with Bitcoin, there is also a built-in scarcity. In total, only 84 million Litecoin can be mined. Litecoin can be considered a much cheaper and faster alternative. In fact, Litecoin is underestimated relative to other cryptocurrencies. Bitcoin is slower and more expensive to use compared to Litecoin.

The fact that Litecoin is fast and cheap has advantages, especially since people in third world countries without bank accounts can still get Litecoin cheaply and quickly.

Litecoin is a superior alternative to fiat money when compared to Ethereum. Ethereum was not developed as money, but it can certainly be used as such. You could rather consider Ethereum to be crypto gas.

In addition, Ethereum is a much more difficult concept to grasp than Litecoin. Litecoin is just digital p2p money with a built-in scarcity that actually works faster as a transaction medium. This makes adoption much easier and does not require much knowledge. Simply install the wallet app on your smartphone, and you will have your own Swiss Litecoin bank account with which you can actually conduct transactions almost immediately. As the popularity and price of Bitcoin increase and, therefore, the transaction costs rise, cheaper and faster alternatives will be sought. This is Litecoin, baby.

Litecoin has made a lot of progress and has even been included as a means of payment in Venezuelas mainstream international payments system. Via the Remesas remittance platform, foreigners can send Litecoin to family members and friends in Venezuela who receive Bolivars in their local bank account through Remesas. A commission of 15% is charged, which means that the government in Venezuela secretly collects Litecoin.

Another interesting fact is that the Litecoin Foundation has a 9.9% share in the German WEG bank. The Litecoin Foundation has received this as a donation from the Swiss blockchain company TokenPay. Together they have almost a 20% share in this conservative German bank, mainly for real estate investors. Litecoin can thus be recognized in the long-term as a possible cryptocurrency for buying real estate in Germany? But we digress, so lets not dive too deep into the matter, look at the price history, and see how the coin develops.

Despite it not being a bullish period for cryptocurrencies until around October 2020, Litecoin has performed reasonably well compared to its competitors. Charlie Lee is clearly doing really well; he finally introduced confidential transactions (CT). Like the privacy coins ZCash and Monero, LTCs confidential transactions will prevent replaceability, scalability, and privacy issues.

The acceptance rate is also quite high. Very recently, the Litecoin logo was even advertised on the UFC mat during a famous fight. It was a real eye-catcher. Furthermore, a new shopping center in Singapore with an ATM that accepts both Bitcoin and Litecoin has been installed. LTC price prediction is very optimistic in the opinion of experts.

Experts expect the Litecoin future to be bright in 2021 due to all integrations and partnerships. In addition, the Litecoin community is very active, with all the upcoming developments. They will, of course, keep the enthusiasts informed. There is a clear potential that Litecoin will rise further and is certainly a tough competitor for the other cryptos.

However, LTCs price will most probably stay below $300 and is less likely to hit its all-time high, $412.96, which was set on May 10, 2021. What will Litecoin do in the next 5 years?

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Litecoin (LTC) price prediction: On the verge of breaking 26% - City Telegraph

Globalstar, Inc.s (NASDAQ:GSAT) satellite technologies have been getting a lot of attention in 2021, and investors who bought stock one year ago are seeing green.

Since October 2020, Globalstar stocks one-year return has outperformed a number of the worlds most popular cryptocurrencies: Bitcoin Cash (CRYPTO: BCH), Litecoin (CRYPTO: LTC) and XRP (CRYPTO: XRP).

Globalstar is a telecommunications company that derives revenue from the provision of mobile satellite services, whichare typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist.

Globalstar provides communications services such as two-way and one-way voice and data transmission. Globalstar is also an owner of satellite assets and generates the vast majority of its revenue within the U.S.

Ahead of Apple's iPhone 13 launch in mid-September, Globalstar shares gathered some momentum after analyst Ming-Chi Kuo of TF International Securities said in a report Read More

Here's how the returns break down from October 2020 to the present:

Image by Wikilmages

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This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple's XRP - Benzinga - Benzinga

MarketQuest.biz led the statistical surveying on Global Litecoin Transaction Market considering a very long time from 2021- 2027. The exploration philosophies followed are essence and intend to give a more profound picture of the continuous just as approaching changes that the Litecoin Transaction market is and will be exposed to in the previously mentioned conjecture time frame.

The report tries to consider its clients requests who are meaning to make inferences for the Litecoin Transaction market. Thusly, it is a completely painted portrayal of these above- referenced key portions in country-wise examination also.

DOWNLOAD FREE SAMPLE REPORT: https://www.marketquest.biz/sample-request/79225

It further feels free to take into regard both subjective, quantitative parts of the Litecoin Transaction market. The subjective area incorporates data about market main impetuses, possibilities, and client requests and necessities, which assists organizations with growing new systems to contend over the long haul. The quantitative part of the report, on the other hand, contains the most dependable industry information screened completely by experts to infer deductions by its inspectors. Some exceptionally summed up wellsprings of data are taken into utilization. Articles, (yearly) reports, data sets, both of government & NGOs, data accumulated from industry-specialists, advisors, etc structure the reports substance. The numbers that have been taken are based on common research assumptions varying from region to region.

The report has been expanded into four significant regions relying upon the item under study:

Central parts of the market

Binance, Upbit, OKEx, Bithumb, Huobi, Bitfinex, BitMEX, Coinw, Kex, Bittrex, Bitstamp, BTCC

Nations covered

North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia), South America (Brazil, Argentina, Colombia, and Rest of South America), Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Type

Pay To Public Key Hash, Pay To Public Key, Pay To Script Hash

ACCESS FULL REPORT: https://www.marketquest.biz/report/79225/global-litecoin-transaction-market-2021-by-company-regions-type-and-application-forecast-to-2026

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This report can be customized to meet the clients requirements. Please connect with our sales team (sales@marketquest.biz), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.

Contact UsMark StoneHead of Business DevelopmentPhone: +1-201-465-4211Email: sales@marketquest.biz

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Global Litecoin Transaction Market Positive Demand and Development Approaches through 2021-2027 Otterbein 360 - Otterbein 360

CRYPTOCURRENCIES including Litecoin have garnered attention from investors in 2021 - but they come with plenty of risks.

Youve probably heard ofBitcoin, but maybe not its so-called little brotherLitecoin. We explain what you need to know.

1

Whether you decide to invest in either Bitcoin or its little brother, both come with a number of risks because they are cryptocurrencies.

When it comes to buying crypto in particular - youll want to be cautious in the extremely volatile space. If you arent - you could lose a lot of money quickly.

Just ask investors who were unfortunate to buy at Litecoin's all-time high of $412.96 in May.

Although Litcoin has seen some gains in the past couple of week, investors still find their value in the cryptocurrency down by more than half since May's peak.

Also, be aware of fees and charges. These can cost more when compared with regulated investment products.

Plus, there's scant regulation for crypto firms, so you'll likely be without protection if things go wrong.

While Litecoin seems like an enticing bet, make sure that you dont invest in anything that you dont understand.

As the name indicates, thecryptocurrencyis small.

But Litecoin, which was established in 2011 by Google engineer Charlie Lee, operates similarly to Bitcoin.

Mr Lee on occasions refers to Litecoin as the silver to Bitcoin's gold.

The two cryptocurrencies act similarly in how their global payment operations are set up. Both are not controlled by financial institutions.

Like most cryptocurrencies, Litecoin uses blockchain technology for processing and recording transactions.

While Litecoin is smaller, it is a quicker and cheaper alternative when compared to Bitcoin.

Currently, Bitcoin commands a market capitalization that exceeds $1trillion, while Litecoins valuation lies just below $12billion.

As stated before, Litecoin exploded to $412.96 in early - the closest it has ever gotten to the $500 mark.

Now, however, Litecoin trades at $174.90. In the past 24 hours, Litcoin has risen 3%.

While China has banned all cryptocurrency transactions, big brother Bitcoin has gained on recent favorable news coming from the U.S.

This can be attributed to Gary Gensler, chair of the US Securities and Exchange Commission, repeating his support for Bitcoinexchange-traded funds(ETFs).

Odds are this helped give Litecoin a boost as well.

Now the question is will it return to its enormous gains any time soon? And will it reach $500?

A bullish forecast comes fromPrimeXBT, which made a bold prediction in September for 2021: "If support can hold, after some sideways price action Litecoin could explode to around $7,000 per coin, based on the measure rule," it said.

But others arent as sanguine on the cryptocurrency surpassing the $500 mark by the end of 2021.

In 12 months' time, the price of Litecoin could exceed $255, according toWallet Investor.

But near the end of 2026, Wallet Investor sees Litecoin exceeding $557.

Then there are more bearish cases from others such asLongForecast, which projects the price of Litecoin to range from just $161 to $206 at the end of 2024.

We also reveal price predictions for 2021 for other major cryptocurrencies including Ethereum, Dogecoin and Cardano, Shiba Inu,dYdX, andEOS.

Plus, check out four things you need to know about Dogecoin.

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Litecoin price prediction 2021: Can the crypto reach $500?... - The Sun

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week we posed the following question to over 2,000 Benzinga visitors on popular altcoins SafeMoon (CRYPTO: MOON) and Litecoin (CRYPTO: LTC).

Over the next year, will SafeMoon or Dogecoin have the largest percentage gain?

At a ratio of roughly 3-to-1, our respondent pool thinks SafeMoon gains will outpace Litecoin by next year.

Sometimes referred to as the silver to Bitcoins gold, Litecoin is an open-source, peer-to-peer cryptocurrency that was one of the earlier developed altcoins. The cryptocurrency was originally introduced to make transferring money faster.

See Also: How To Buy Litecoin

Meanwhile, SafeMoon is among the first cryptocurrencies on Binance Smart Chain to gain mainstream attention. Most of this attention has been gained from social media platforms, namely Twitter and Tik Tok.

See Also: How To Buy SafeMoon

Our team reported that SafeMoon traded nearly 20.5% higher on Monday night after its CEO John Karony said the projects chief blockchain officer was involved in the Dogecoin and SpaceX partnership on social media Read More

This survey was conducted by Benzinga in June2021 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 2,000 adults.

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Will SafeMoon Or Litecoin Grow More By 2022? - Benzinga - Benzinga

Litecoin price action has been dull since the May 23 low as the area around the 200-day SMA has been a tremendous influence. Unless LTC overcomes the significant resistance constructed by the moving average and the symmetrical triangles upper trend line, the digital asset outlook will remain neutral with a bearish bias.

Litecoin price plummeted 70% from the May 10 high of $413.91 to the May 23 low of $117.58, including a 36% decline on May 19 and a 50% decline for that volatile week. The daily decline was one of the largest going back to 2017, and the weekly loss was by far the largest, taking the daily Relative Strength Index (RSI) to an oversold reading for the first time since March 2020.

Litecoin price action since the May 23 low has been uneventful, offering few opportunities for LTC swing traders. However, the resulting symmetrical triangle dictated by the narrowing price range is inching closer to the patterns apex, signaling that the eventual resolution will likely not be carried by impulsiveness or achieve percentage significance.

The measured move for the symmetrical triangle is approximately 47%. An upside resolution of the pattern could carry Litecoin price to the 50% retracement of the May correction at $265.75 and the lower boundary of a previously important ascending channel. Conversely, a bearish resolution would knock LTC down to $83.70, well below the 200-week SMA at $95.00.

For the keen LTC investor, Litecoin price needs to capture a daily close above the triangles upper trend line at $180.60 and the imposing 200-day SMA at $185.73. If achieved, the token is free to test the 38.2% Fibonacci retracement of the May collapse at $230.78 and potentially the 50-day SMA at $237.54. A rally of that stature would offer a 30% profit to investors.

LTC/USD daily chart

A close below the lower trend line puts Litecoin price on pace to sweep below the June 8 low of $145.00, and if the market deteriorates, a test of the May 23 low of $117.58, thereby delivering a 25% loss for LTC investors.

Litecoin is the 11th largest cryptocurrency by market capitalization. Still, a cursory review of a Google Search shows limited coverage, which may explain the uneventful LTC price action over the last few weeks. Like Chainlink, LTC investors would benefit from being patient and letting the cryptocurrency close above the earlier mentioned levels. There is no rush to own it today, particularly when the outlook has a bearish bias.

Follow this link:

Litecoin price resistance at $186 dictates the future of an LTC rebound - FXStreet

In the daily time frame, LTC coin shows a small bullish double bottom pattern or more clearly seen as a two-morning star pattern, both indicating strong lower price rejection and promoting the rise of price from this support, doing, so price reached a crucial support level the $180 which also a near the 0.618 Fibonacci and 20-200 EMA.

Regarding the EMA lines, as the LTC coin is trading below all the crucial EMAs 20, 50, 100, and 200 indicating a strong bearish trend formation. Also, recently there was a bearish crossover of 20-200 and 50-100 supporting the bearish sentiment. Right now, the 20 and 200 EMA are providing strong resistance to the price, trying to breach the $180 level.

The RSI (BEARISH) value is at 44, indicating bearish momentum. However, investors can notice a bullish divergence marked with a short line on the above chart, suggesting the possibility of reversal from this level.

In the 4hr time frame, the LTC coin gives a bullish breakout from a descending triangle pattern with significant volume. Right now is expected to retest until the trendline or the traditional pivot level P, which could trigger an excellent entry point for LTC traders.

The MACD indicator (BULLISH) gave a bullish crossover of the MACD and the signal line and crossed above the neutral zone(0.00), indicating a buy signal. However, the multiple crossovers of these lines from the last few days around the neutral zone are still fresh to give an all-out bullish indication.

Conclusion: The LTC coin shows strong reversal signals in its price action and indicators from a technical perspective. Currently, the retest of the trendline will create the first entry trigger and safer entry after the breakout from $180. Investors can use this opportunity to add LTC coin to their portfolio.

Support- $160

Resistance- $180

Link:

Litecoin Price Analysis: LTC Coin Bounces Back From The $155 Support With A Double Bottom Pattern - Cryptocurrency News - The Market Periodical

Ethereum

Ethereum rose by 2.89% on Monday. Following a 5.83% rally on Sunday, Ethereum ended the day at $2,582.86.

A bearish start to the day saw Ethereum fall to a late morning intraday low $2,461.63 before making a move.

Steering clear of the first major support level at $2,363, Ethereum rallied to a late afternoon intraday high $2,609.02.

Coming up against the first major resistance level at $2,603, Ethereum eased back to end the day at $2,580 levels.

At the time of writing, Ethereum was up by 0.32% to $2,591.11. A mixed start to the day saw Ethereum rise to an early morning high $2,597.76 before falling to a low $2,572.2.

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

Ethereum would need to avoid the $2,551 pivot to bring the first major resistance level at $2,641 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Mondays high $2,609.02.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another broad-based crypto rally, Ethereum could test resistance at the 38.2% FIB of $2,740 before any pullback. The second major resistance level sits at $2,699.

A fall through the $2,551 pivot would bring the first major support level at $2,493 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,400 levels. The second major support level at $2,404 should limit the downside.

First Major Support Level: $2,493

Pivot Level: $2,551

First Major Resistance Level: $2,641

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin rose by 5.32% on Monday. Following on from a 5.66% gain on Sunday, Litecoin ended the day at $180.02.

A bearish start to the day saw Litecoin fall to a late morning intraday low $166.33 before making a move.

Steering clear of the first major support level at $161, Litecoin rallied to a late intraday high $180.18.

Story continues

Litecoin broke through the 62% FIB of $174 and the first major resistance level at $176 to end the day at $180 levels.

At the time of writing, Litecoin was down by 0.49% to $179.13. A mixed start to the day saw Litecoin rise to an early morning high $180.70 before falling to a low $178.46.

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

Litecoin would need to avoid the $176 pivot and the 62% FIB of $174 to bring the first major resistance level at $185 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $180.70.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $190. The second major resistance level sits at $189.

A fall through the $175 pivot and the 62% FIB would bring the first major support level at $171 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $162.

A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th Mays swing hi $413.91.

First Major Support Level: $171

Pivot Level: $176

First Major Resistance Level: $185

23.6% FIB Retracement Level: $322

38.2% FIB Retracement Level: $265

62% FIB Retracement Level: $174

Ripples XRP rise by 0.55% on Monday. Following a 6.20% rally on Sunday, Ripples XRP ended the day at $0.89048.

A bearish morning saw Ripples XRP fall to a mid-day intraday low $0.86381 before making a move.

Steering clear of the 62% FIB of $0.8573 and the first major support level at $0.8381, Ripples XRP rallied to a late afternoon intraday high $0.92923.

Ripples XRP broke through the first major resistance level at $0.9082 before falling back to sub-$0.90 levels.

At the time of writing, Ripples XRP was down by 0.16% to $0.88905. A mixed start to the day saw Ripples XRP rise to an early morning high $0.89088 before falling to a low $0.88651.

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

Ripples XRP will need to move through the $0.8945 pivot to bring the first major resistance level at $0.9252 into play.

Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.92 levels.

Barring an extended crypto rally, the first major resistance level and Mondays high $0.92923 would likely cap any upside.

In the event of another extended rally, Ripples XRP could test resistance at $1.00. The second major resistance level sits at $0.9599.

Failure to move through the $0.8945 pivot would bring the first major support level at $0.8598 and the 62% FIB of $0.8573 into play.

Barring an extended sell-off, however, Ripples XRP should steer clear of sub-$0.80 levels. The second major support level at $0.8291 should limit the downside.

A sustained fall through the 62% FIB of $0.8573 would form a near-term bearish trend from 14th Aprils swing hi $1.96598.

First Major Support Level: $0.8598

Pivot Level: $0.8945

First Major resistance Level: $0.9252

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

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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Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis June 15th, 2021 - Yahoo Finance

The Hourly View for LTC

Last Updated June 15, 2021, 03:016 GMT

Currently, Litecoins price is up $0.13 (0.07%) from the hour prior. This is the 2nd consecutive hour Litecoin has seen its price head up. If youre a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Litecoin. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin is up 5.29% ($9.04) since yesterday, marking the 2nd straight day an upward move has occurred. The change in price came along side change in volume that was up 54.33% from previous day, but down 13.87% from the Monday of last week. Litecoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. The daily price chart of Litecoin below illustrates.

First things first: Litecoin crossed above its 20 day moving average yesterday. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 8 out of the past 14 days.

Over on Twitter, here were the top tweets about Litecoin:

@Jason Tether has more daily volume in trades thanBitcoinLitecoinRippleDogeBinance Coin **combined** Less than 5% of BTC is bought with USD. When Tether is shut down, it will be a bloody mess in crypto.

@litecoin @elonmusk You know what else has a maximum of 84? The number of people who give a shit about Litecoin.

@elonmusk You know what else has 84? Theres a max of 84M Litecoin that can ever exist.

In terms of news links for Litecoin heres one to try:

The Battle for Sound Money | Litecoin Foundation

Due to an identifiable history being linked to each Bitcoin and Litecoin and an ability for one to analyze previous transactions on their respective blockchains, unfortunately, one Litecoin does not equal one Litecoin.To utilize MWEB, a crypto wallet or exchange would be required to integrate it and help serve as the gateway from which you could move your coins in/out from the main chain over to the MWEB side.Exchanges that support Litecoin can decide whether or not to support Litecoins MWEB feature and are not forced to embrace it.MWEB has the ability to scale better than Litecoin and Bitcoin while also having the side benefit of acting as a block size increase on the main chain without there actually being one.Its interesting to note that the addition of MWEB will mark the second time in Litecoins nearly 10 year existence in which Litecoin implements an upgrade prior to Bitcoin.Theres a possibility that Litecoins MWEB may serve as a blueprint for Bitcoin to one day achieve higher fungibility and privacy as well.

See the rest here:

Litecoin (LTC) Price Near $179.23; Crosses 20 Day Moving Average, Moves Up For the 2nd Straight Day, Price Base in Formation Over Past 90 Days -...

Litecoin was recently verified by Twitter with a blue tick badge on their account. They also posted a tweet to celebrate the occasion.

This is the latest show of confidence for cryptocurrencies like LTC being accepted in the mainstream. With verification, the altcoin gains a legitimacy on social media that not many cryptocurrencies today have achieved. Verification from a social media giant like Twitter also gets investors excited for the future of Litecoin as it seeks to push towards bullish trends.

There are many reasons why Litecoin or any cryptocurrency need verification. Verification ensures that scammers are unable to take advantage of unsuspecting followers and reach out on fake accounts with unsubstantiated offers. It also ensures followers they can be confident in the tweets and information they get from the now official Litecoin Twitter account.

Verification from Twitter of the official account proves confidence as a healthy contributor online, promoting both Litecoin and blockchain technology.

Related Reading | Elon Musk Adds Bitcoin To Twitter Bio As BTC Posts Monster-Sized Breakout

Twitter recently overhauled their verification process making it much clearer for how individuals and organizations get verified. Although, it is now tougher to become verified because of additional step added to the process. Twitter further only wants to verify accounts of high public interest, and make sure a verified user is contributing to the site in a healthy way. The article goes on to say,

Twitter will require a check of the users identity before verification and users will be given several options to prove they are who they say they are. That includes linking to an official website referencing a users identity or the organization theyre affiliated with and their Twitter account

Becoming verified on Twitter ensures that the official Litecoin account can be easily identified by Twitter users. Plus, verification makes sure users can get up to date news and are following the official account.

As Litecoin continues to closely follow the price of Bitcoin, getting verified is just another boost its legitimacy as the digital silver, to Bitcoins digital gold.

Related Reading | Why Litecoin Could Ultimately Benefit From Bitcoins Success

After the Litecoin Twitter account was verified at 2pm 6/13/2021, there was a noticeable jump in price from $166 to $171 over the next hour. Investors were quick to buy the altcoin and is already up nearly 6.5% over the last 24 hours.

Getting verified helps the cryptocurrency stay relevant in the fast paced digital world. It allows them to send out the current information their followers seek, and assures followers are interacting with an authentic Litecoin account.

At the time of this writing, Litecoin is trading at $175.25.

Continued here:

Litecoin Lights Up Twitter With Verified Blue Tick Badge - bitcoinist.com

Litecoin, while being one of the more successful original altcoins, has generally been overlooked by crypto investors over the past couple of years. However, in 2017, Litecoin was on top of the world for many reasons. For one, it enjoyed a comfortable position within the list of the top ten cryptocurrencies. For another, the coins founder, Charlie Lee, was one of the most popular crypto personalities on Twitter (NYSE: TWTR), able to move markets with a single tweet.

At its 2017 height, Litecoin was trading at US$360 each, a record held until May 2021, when it topped out at US$413. Notably, Litecoins new fresh high was not that much more than its 2017 high. This is notable if you compare it to other coins that ballooned far beyond their respective 2017 heights. Take Bitcoin, Ethereum, and Doge, for example; the worst performing of these three was Ethereum, yet still clocked in a fresh 2021 record 169% above its 2017 high.

Litecoin is currently floating just outside the list of the top ten crypto projects, at number fourteen. While comfortable in the top twenty, it is frequently jostling for position in the capitalisation hierarchy with the assets on either side of it, Chainlink and Solana.

I do not think it will re-enter the top ten list. Although, I do appreciate several characteristics of the coin; It has a low-ish circulating supply, it has been around for a decade, and the Litecoin Foundation has initiated some exciting projects (e.g. Litecoin/Visa cards that easily transfers Litecoin to cash at a point of sale)

However, its value proposition is a little less sexy than other projects. As such, Litecoin doesnt generate the same media or public interest as its compatriots.

Barring the coins attachment to Elon Musk, Tesla (NASDAQ: TSLA), or another meme, some other events will have to take place for Litecoin to re-enter the top ten. But, despite that, Litecoin should remain solidly in the top twenty.

Before the end of the year, investors will re-learn that blockchain networks are not suitable to displace every technology. In this respect, I think it is safe to say that the terribly named Internet Computer will fade into oblivion. Its use case is as silly as VeChains and BitDegrees.

I suspect Ethereum-like networks will be the next big thing in the crypto space. Ethereum network fees are excessive and several alternatives to the sluggish-legacy network are making their presence known. As such, I expect Solana to move up the hierarchy and Cardano to strengthen its position against Dogecoin and Ripple.

Read this article:

Litecoin and the future of the crypto top-ten - FXStreet

Litecoin lost around $300 during the crash in May, or more than 70% of its value. The price fell to $120 by May 23, but the decline in the cryptocurrency market stalled, and since then Litecoin has been trading sideways within in a range.

However, the highs have been getting lower for Litecoin during this time, despite the consolidation, which shows that Litecoin is not out of the woods yet. But buyers have managed to push above the 100 SMA (green) on the H4 chart, which has been acting as resistance lately.

That was an encouraging move by the buyers, but the move came from Bitcoin, which has climbed higher in the last several days, following Elon Musks comments that Tesla Motors would accept Bitcoin as tender again, if it solves the environmental issues.

Litecoin Live Chart

LTC/USD

This might have been more of a bow-down to the elites, who are pushing for renewable energy, but it helped BITCOIN, which pulled the rest of the crypto market up with it. So, LITECOIN managed to move above the 100 SMA, but it is retreating lower today.

But the 100 SMA might turn into support now. It would be great if it did, since that would indicate that the lows have gotten higher now, turning the pressure to the upside. But, it remains to be seen whether the 100 SMA will hold. Anyway, if it doesnt, we will try to buy Litecoin lower again, after closing our long-term Litecoin signal here yesterday.

Read more:

Litecoin to Resume the Bullish Trend If the 100 SMA Holds. - FX Leaders

LTC token price struggles below the daily 200 EMA, but the volumes are below average for the past few weeks in the daily chart. However, the coin price manages to resonate within the triangle of the pennant. The coin price coils up inside the triangle, and one can expect the breakout of the structure soon.

Presently, the LTC/USD trades at $161.45 with an intraday gain of 1.26% in the market cap. The intraday trading volume of the token decreased by 23.06%. However, the coin ranks at number 11 by rising three steps in the crypto-verse as per the market cap.

LTC token seems to trade under a symmetrical triangle as per the 4-hour technical chart. The price has been consolidated inside the triangle for more than a month, suggesting a big move upon breakout.

The possibility of a bullish breakout is low due to the bearish technical indications. The coin price may find support at $130 and $70 below the structure. In the unlikely case of a bullish breakout, the coin price may get opposed from the resistance levels of $245 and $320.

As per the 4-hour technical chart, the coin price is trading just below 200 (white). The overall alignment of all the other significant EMAs is bearish, indicating a further downtrend in the LTC chart.

The RSI (bearish) indicates bearish momentum as the RSI line dipped and heads toward the oversold zone.

The ADX reflects a static trend momentum as the price consolidates within the pattern.

Conclusion As per the price action, and the technical indicators suggest a downfall soon. Investors might perceive this as an exit signal, and no suggestions for long side entry till then.

Support- $130 and $70

Resistance-$245 and $320

Read more:

LiteCoin Price Analysis: LTC Token Resonates Within Descending Triangle With Bearish Crossover of EMAs - Cryptocurrency News - The Market Periodical

Global Litecoin Trading Market Professional Survey Research Report

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Global Litecoin Trading Market Scope and Forecast By 2021-2030- Binance, Upbit, OKEx, Bithumb, Huobi, Bitfinex The Manomet Current - The Manomet...

Litecoin price is struggling to clear $180 and $185 against the US Dollar, while bitcoin climbed 10%. LTC price must break $180 to kickstart a strong increase in the near term.

This week, there was another drop in bitcoin, ethereum, ripple, and litecoin against the US Dollar. LTC broke the $155 and $150 support levels. However, it found support near the $145 zone.

Recently, the price started a decent recovery wave from the $145 swing low. It broke the $155 and $165 resistance levels. There was also a break above the 23.6% Fib retracement level of the key decline from the $198 swing high to $145 low.

It is now testing the $172 resistance. The 50% Fib retracement level of the key decline from the $198 swing high to $145 low is also acting as a resistance. Besides, it is still trading well below $180 and the 55 simple moving average (4-hours).

There is also a bearish trend line forming with resistance near $182 on the 4-hours chart of the LTC/USD pair. A clear upside break above the $180 and $182 levels is must for a sustained upward move in the near term. The next major resistance is near the $200 level.

An initial support on the downside is near the $165 level. The next major support could be near the $150 zone. Any more losses might call for a drop towards the $130 level.

Litecoin (LTC) Price

Looking at the chart, litecoin price is still struggling below $180 and the 55 simple moving average (4-hours). Overall, the price could fail to clear the $180 resistance and start a fresh decline in the near term.

4 hours MACD The MACD for LTC/USD is slowly gaining pace in the bullish zone.

4 hours RSI (Relative Strength Index) The RSI for LTC/USD is now back above the 50 level.

Key Support Levels $155 and $150.

Key Resistance Levels $180 and $200.

See the original post:

Litecoin (LTC) Price Analysis: Facing Uphill Task Near $180 - Live Bitcoin News