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Title: Litecoin Price Technical Analysis for 11/6/2015 Post by: bornil267645 on June 11, 2015, 04:17:41 AM Bulls have faltered in their upward march and given to the bears an opportunity to gain control. As a result, technically important support levels have been breached which could lead to more losses in the value of Litecoin.
Litecoin is down 1.66% to $1.771 since yesterday. http://www.newsbtc.com/wp-content/uploads/2015/06/litecoin5.png Technical analysis of the 240-minute LTC/USD price chart reveals that market participants should look to at least exit the counter if not go short on it. Litecoin Chart Structure – After cracking the upward sloping support line, Litecoin slipped to $1.740, near the previous low of $1.719, and then rose again to the present level. However, according to technical analysis, the breached support will now act as a hurdle. The resistance is calculated to be $1.790. Fibonacci Retracements – This tumble also saw Litecoin violate the 38.2% Fibonacci retracement level of $1.792 and head down to the support provided by the 50% retracement level of $1.731. Moving Average Convergence Divergence – In accordance with the price fall, the MACD indicator also slipped below the Signal Line. The latest MACD, Signal Line and Histogram values are 0.0070, 0.0155 and -0.0085 respectively. Momentum – Presenting a bearish outlook, the Momentum indicator has a reading of -0.0290. Relative Strength Index – The RSI indicator reading fell sharply from above 60 to 49.2254. Conclusion Litecoin has pierced through crucial support levels, and it is up to the bulls now to repair the damages. However, until they gather strength, it would be wise to sell the cryptocurrency and wait for lower levels. Aggressive traders can also short near $1.785 by placing a stop-loss just above $1.795. Title: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: Sir Alpha_goy on August 31, 2015, 10:18:49 PM .
Title: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: ekin4 on August 31, 2015, 10:33:54 PM So where exactly is the "lower levels"? please enlighten me.
Title: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: Franciem on September 01, 2015, 07:42:47 AM so better to buy and hold Litecoin now ?
Title: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: BTCPOOLMINING on September 01, 2015, 07:48:28 AM so better to buy and hold Litecoin now ? I think Yes, buying litecoin at current price may get your some good profit in near futureTitle: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: hiddensphinx on September 01, 2015, 09:06:54 AM so better to buy and hold Litecoin now ? I am shorting it using leverage. Risky buy hey why not! Title: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: Monopoly on September 01, 2015, 09:51:59 AM so better to buy and hold Litecoin now ? No .... all thing depend on Btc ... Btc is Crisis at now ... No trust to other Crypto coins ...... Title: Re: Litecoin Price Technical Analysis for 11/6/2015 Post by: CoinThug on September 01, 2015, 03:09:47 PM so better to buy and hold Litecoin now ? Yes it can be very usefull in the future. I would recommend it. |
