Litecoin price analysis shows that LTC has reignited the fever split among its crypto compatriots and rallied to a new 2019 high over $ 100.
Litecoin Price Analysis: Market Overview
The big win can be the result of advertising a new partnership with the hotel platform Travala.com, and the news may be a sign that Litecoin 0 0 finds another niche for common use.
While Litecoin and Binance Coin had been the early birds signaling what turned out to be the start of a new strong bullish trend in the crypto market, the oak had been somewhat dormant over the past 3 weeks and was noticeably absent during Bitcoin's most recent wave.
Today marked the end of LTC's sleep and on Wednesday, the altcoinet of a new 201
LTC / BTC Daily Chart
LTC / BTC mating was similar to ETH / BTC mating bullish at 0.01143 double bottom and traders poured into the bulletin that followed.
The overhead resistance levels of 0.01325 and 0.01412 are in the daily time frame. A drop below 12-EMA at 0.01233 would return the LTC back to the falling wedge. MAC D is displayed on the verge of a bull cross from oversold regions, and the RSI slowly sets its way into a bullish area. If the bullish trend throughout the sector remains, Litecoin looks set to grow leg and run.
LTC / USD 4-Hour Chart
$ 109 and $ 127.90 are the next levels for LTC to overcome, and it should also be noted that the LTC seen a higher low and higher high on the weekly time frame.
With regard to the last pump in the altar, a popular theory among analysts is that the profits from Bitcoin's recent parabolic races now go through altcoins for an upcoming "all season", and when Bitcoin's dominance rate falls, traders are expected to to see fierce gains from a number of small-cap alcoins.
Bearing in mind that Bitcoin is near the top of an amazing parabolic race, traders might consider taking profits quickly, keeping an eye on a digital property's ability to maintain the exponential moving average of choices, and using a stopover, is highly recommended.
Do you think Litecoin (LTC) will cope with $ 70 before Monday morning? Please let us know what you think in the comments below!
Trading Bitcoin (BTC), Litecoin (LTC) and other cryptocurrencies on the online Bitcoin forex broker platform evolve.markets.
[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex and Coinbase. The charts for analysis are provided by TradingView.]
Pictures of Shutterstock, TradingView. Market data obtained from Bitfinex and Coinbase.