Litecoin Price Technical Analysis – Perfect Sell and Downside Move

Litecoin Price Technical Analysis – Perfect Sell and Downside Move

Key Highlights Litecoin price failed to capitalize Intraday and moved sharply down to trade near the $3.00 support area. A support trend line break was highlighted on the 30-min chart (data feed via Bitfinex), which played well and ignited a downside move. There is now a bearish trend line formed on the 2-hours chart with data feed from HitBTC, which may play a major role moving ahead. Litecoin price failed to trade higher, and our sell idea on the 30-min chart was a perfect deal as the price moved down towards $3.00. Sell Near Trend Line Resistance? There were a few bearish signs noted on the 30-mins chart (data feed via Bitfinex) for Litecoin price, which played well and pushed the price down. There was a bullish trend line, which was broken to ignite a bear...

Litecoin Price Technical Analysis – Bull Ride Underway

Litecoin Price Technical Analysis – Bull Ride Underway

Key Highlights Litecoin price finally broke all barriers and moved higher to trade above the $3.20 resistance area. A major resistance trend line on the 30-min chart (data feed via Bitfinex) was breached by buyers to push the price higher. The price also broke all barriers on the 2-hours chart with data feed from HitBTC, including the 100 simple moving average. Litecoin price spiked higher and overcame all odds. It looks like there are more upsides left and one may consider buying dips. Buy Near 100 MA? I highlighted yesterday that the price may move down once again after testing the bearish trend line highlighted in yesterday’s analysis on the 30-mins chart (data feed via Bitfinex) for Litecoin price. The price did move down once, but it found buyers near the...

Litecoin Price Technical Analysis – Selling Best Option

Litecoin Price Technical Analysis – Selling Best Option

Key Highlights Litecoin price tumbled once again and failed to capitalize on the previous week gains, as sellers stepped in to prevent upsides. The price is now following a descending channel pattern on the 2-hours chart with data feed from HitBTC, which may play a major role in the short term. There is a bearish trend line formed on the 30-min chart (data feed via Bitfinex), which can be seen as a sell zone. Litecoin price stalled around the $3.30 area, and currently under a lot of bearish pressure that could result in a sharp downside move. Sell Near Trend Line Resistance? Litecoin price after trading as high as $3.20 (data feed via Bitfinex) found resistance and started to move down. There was a lot of selling pressure noted, which resulted in a continuous...

Litecoin Price Technical Analysis For 09/02/2016– Sell Target Achieved

Litecoin Price Technical Analysis For 09/02/2016– Sell Target Achieved

Key Highlights Litecoin price moved lower once again and tested the $3.0 handle as forecasted in yesterday’s post. There was a bearish trend line formed on the formed on the 30-min chart (data feed via Bitfinex), which acted as a sell area and ignited a downside move. A descending channel pattern formed on the 2-hours chart with data feed from HitBTC as highlighted yesterday is still in play. Litecoin price struggled to move higher Intraday. There was a downside reaction, taking the price towards our sell target of $3.0. Sell More? Litecoin price moved a few points higher yesterday to trade near a bearish trend line formed on the 30-min chart (data feed via Bitfinex). I highlighted that we can plan on entering a sell trade near the highlighted trend line and...

Litecoin Price Technical Analysis – 100 Moving Average As Barrier

Litecoin Price Technical Analysis – 100 Moving Average As Barrier

Key Highlights Litecoin price broke down once again, and currently struggling to recover some ground. There is a monster barrier formed on 2-hours chart with data feed from HitBTC in the form of 100 simple moving average. Moreover, there is a bearish trend line resistance formed on the 30-min chart (data feed via Bitfinex) that may be seen as a resistance area. The price. Litecoin price stayed down and traded lower. Every attempt by buyers to take the price higher failed as sellers enjoyed an upper hand. Sell Near Trend Line Resistance? Litecoin price after trading close to the $3.13 level on the 30-min chart (data feed via Bitfinex) failed and started to move down. The downside move was stalled near $3.02, as the all-important area of $3.00 came into the...