Blockchance Cyber Parties

6m
cryptodaily

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

18m
cointelegraph

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

19m
cryptonewmedia

Behold the Latest Bitcoin Board Game, ‘Hodler of Last Resort’

20m
cryptonewmedia

Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

21m
cryptonewmedia

R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda

25m
coindesk

Bitcoin Price Stuck in Tight Trading Range, BitMEX Responsible for...

40m
newsbtc

Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950

1h
zycrypto

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

1h
cointelegraph

Boeing Keeps Dow in Positive Territory as Stock Market Slides

1h
cryptonewmedia

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

1h
cointelegraph

German Central Bank President Shows Support For Libra, Calls It “Attractive” To Customers

1h
coingape

‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung

1h
cointelegraph

Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500

1h
cryptonewmedia

New No-Fee Visa Card for US Crypto Holders Offers Rebates From Big Brands

1h
dailyhodl

Buying Bitcoin (BTC) at $8,500 is Best, Says Analyst

2h
ethereumworldnews

Nouriel Roubini Accuses Bit MEX of “Systematic Illegality”

2h
livebitcoinnews

BitMEX Being Investigated by CFTC As ‘Dr Doom’ Gets Salty Over Hayes Debate

2h
cryptodaily

Coinbase Quietly Pulls the Plug on Its Cryptocurrency Bundle Product

2h
cryptoglobe

Apple’s Steve Wozniak Launches Blockchain Firm in Malta

2h
cryptonewmedia

Ripple (XRP) Poised For More Gains, Prices Rebound From Q1 Support

2h
cryptonewmedia

Top 5 ‘Dead’ Altcoins: NEM, BCC make the list

2h
cryptoticker

3 Battered Cryptos Are Flashing Bullish Signals

2h
cryptonewmedia

What the CFTC investigating BitMEX could mean for bitcoin and crypto market

2h
cryptoslate

Dr. Doom: Cryptocurrencies Encourage Criminal ‘Fraud and Abuse’

2h
beincrypto


Litecoin Rallies to New 2019 High as LTC/BTC Pair Turns Bullish

bitcoinist

2mon ago

Eustace Cryptus | May 16, 2019 | 03:00

Litecoin price analysis shows LTC has reignited the fever shared amongst its crypto compatriots and rallied to a new 2019 high above $100.

The hefty gains could be the result of the announcement of a new partnership with hotel booking platform Travala.com and the news could be a sign that Litecoin 00 is finding another niche for mainstream use.

While Litecoin and Binance Coin had been the early birds that signaled what turned out to be the start of a new strong bullish trend within the crypto market, the altcoin had been somewhat dormant over the last 3 weeks and noticeably absent during Bitcoin’s most recent surge.

Today marked the end of LTC’s slumber and on Wednesday the altcoin railed to a new 2019 high at $107.34

Similar to the ETH/BTC paring, the LTC/BTC pair broke bullish at the 0.01143 double bottom and traders flowed into the bull break that followed.

The overhead resistance levels of 0.01325 and 0.01412 are on the daily timeframe. A drop below the 12-EMA at 0.01233 would place LTC back within the falling wedge. The MAC D appears on the verge of a bull cross from oversold regions and the RSI is slowly making its way into bullish territory. If the bullish trend throughout the sector remains, Litecoin appears ready to grow legs and run.

$109 and $127.90 are the next levels for LTC to overcome and it should also be noted that LTC set a higher low and higher high on the weekly time frame.

As for the recent pump in altcoins, a popular theory among analysts is that profits from Bitcoin’s recent parabolic run are now making their way through altcoins for an upcoming ‘alt season’ and as Bitcoin’s dominance rate decreases traders are expected to see hefty gains from an array of small-cap altcoins.

Given that Bitcoin is near the top of an amazing parabolic run, traders might consider taking altcoin profits quickly, keeping a close eye on a digital assets ability to maintain the exponential moving average of choice and using a stop loss is strongly advised.

Happy trades!

Do you think Litecoin (LTC) will tackle $70 before Monday morning? Let us know what you think in the comments below!

Trade Bitcoin (BTC), Litecoin (LTC) and other cryptocurrencies on 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.]

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments