Litecoin Price Analysis

[Blockverge]

With the exception of Bitcoin, the price of Litecoin has shown the most promising signs in the short-term compared to all other major cryptocurrencies. The coin had been trading over the $80 resistance level for the better part of the week. Despite the selling pressure yesterday, the price was maintained above this threshold.
There was an attempt yesterday when the bulls tried to push it past $85.00 against the US dollar. However, the LTC/USD pair failed to hold gains and declined back towards the $80.00 support. In the last three hours, the price has shown a strong comeback, likely a result of Bitcoin price crossing over the $8,000 mark.

Looking at the chart, the price traded as low as $80.87 before buyers came in strong. The price bounced back and moved above the 50% Fib retracement level of the last drop from the $85.09 high to $80.87 low.
There was also a break just over the $82.00 level and the 100 hourly simple moving average. We sense there is a major resistance near the $84.50 and $85.00 levels which might be difficult to clear for the bulls.

For the long term, there is a new connecting bearish trend line in place with resistance at $84.70 on the hourly chart. This trend line is also near the 76.4% Fib retracement level of the last drop which occurred from the $85.09 high to $80.87 low.

We can conclude that a close above the $84.70 and $85.00 resistance levels for the day is likely to clear the path for more gains in the short term. The next resistance level would be near the $89.00 and $90.00 levels which would cause a selling pressure in the market.

 

[artemdubina88]

In the long term, good growth is possible ! But I do not invest in litecoin because I do not understand his idea and what he does )

[davidka]

In recent times, Litecoin has achieved a good price increase (5,800%). LTC has a very strong recovery from 122,193 USD.
However, we expect LTC to have a slight price adjustment.
This year the exchange rate has increased by 264%. We expect the resistance at between $ 312 and $ 340.
At the moment we have not set a Fibonacci retracement, we need to wait for the next time.

[stunedi]

Yes Litecoin showed itself well, and increased in price. promising coin.

[goodman4hire]

LTC is a very popular coin in the market right now because of it's stability and price. It looks very good for short term investments but if in the future a bull run happens, it would prove to be a very profitable coin after BTC and ETH.

I agree with this and it's the very reason I hold Litecoin and invest in it heavily when under selling pressure.  When the bull market returns Lite coin is going to make bigger percentage gains than the other top 10.  Can't wait for the bear to be finally dead.

[Pokemon Go]

My analysis of Litecoin prices will reach $ 120- $ 150 by the end of 2018.

[geraldozack]

tem grande potencia espero que bata os $ 150

[liripoop]

I predict that Litecoin will have some ups and downs for few days. So i think it will be better to buy some when the price will be around $74-$75.

[cryptobae10]

I think there is no need or reason to predict, find predictions or assume when a coin will be worth this or that amount
The key to this is close range research work, and you would cap your profits

Trade based on facts. not just risk

[Horraygram]

I guess it’s a long term process to get benefitted and also it’s a bit confusing how actually I can make profit.

[Antelopez2]

I was searching for a good post on litecoin price analysis. Then I have found this one very informative. According to me in the long term litecoin is more beneficial for good growth in crypto currency.

[samiraetn]

LItecoin is one of the ancient coins which survived ranking over this times. LC is not so dominant in the market but has a good market value as we can see. But in my personal opinion, I prefer BTC in investing in the first place as everyone may do If they know about Crypto-space well. But in terms of altcoins, LC will be my top 5 selection. I suggest, you select the best coins you see perfect according to your condition.

[pimondcrypto]

When analyzing the price list of lightcoins, it is possible to do something good. I think long-term investment will be very profitable and safe. Light coin level value can be around or more than $100. Which is good news for investors.

[Mishgan27]

many analysts and experts continue to consider Litecoin as a very promising project. The course of litecoin now 83.70 dollars for 1 coin. Trading range: $83.39 - $85.17. The rate of the previous day: $ 84.02. Change: -0.32 dollars, -0.38%. The rate of litecoin forecast for Monday, the 30th July: 84 dollars, high 90, low 78.

[hermanjones18]

Litecoin is of the reliable cryptocurrency in crypto world. Somehow it’s fluctuates like bitcoin and it seems they follow bitcoins trend. It should be co-incidents. I want to invest in Litecoin as newbie. So, may I have furthermore suggestion?

[SheldonLang]

As far as i know litecoin is a good coin for invest. This coins performance is good that’s why their demands are increasing and it increase the coins price. Current litecoin price is $84.14   

[Thekingofgodftu01]

LItecoin is one of the ancient coins which survived ranking over this times. LC is not so dominant in the market but has a good market value as we can see. But in my personal opinion, I prefer BTC in investing in the first place as everyone may do If they know about Crypto-space well. But in terms of altcoins, LC will be my top 5 selection. I suggest, you select the best coins you see perfect according to your condition.

[ap3311]

I got it last year, LTC. It was very cheap. And the volume is huge. It rises very fast. It made me rich in this coin. but the future is not bright anymore. there are more powerful projects.

[Atrom_84]

I invest a lot of money in LTC because it has a huge possibilities of growth. I do not invest in any coin without analyzing its potential. I think you can invest a little bit in Bitcoin beside LTC it will make you more secured in cryptoworld.

[Vit83]

I'm waiting when LTC will announce plastic card with usage in real world) This will be one the best reasons to growth to the moon. But till that time it's just one of the oldest BTC fork)