‘Crypto Mom’ Nominated to Serve as SEC Commissioner Until 2025

28m
cryptonewmedia

Market Wrap: A Bitcoin Lull as Stocks Signal Economic Optimism

1h
cryptonewmedia

US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

1h
thebitcoinnews

How Germany Saved Its Workforce From Unemployment While Spending Less…

2h
cryptonewmedia

Spanish Multinational Launches Free Tool to Decrypt Files Affected by VCryptor Ransomware

2h
cryptonewmedia

Why the Bitcoin Price Will Double to $20,000 in 2020

2h
cryptonewmedia

Why an Eerily Accurate Analyst Still Expects Bitcoin to Retrace To the $7ks

3h
newsbtc

Analyst Claims “All Bets are Off” Once Bitcoin Breaks $10,500; Here’s What the Charts...

3h
newsbtc

Bloomberg Analyst: Why the Bitcoin Price Will Double to $20,000 in 2020

3h
bitcoinist

9656 an Early Hurdle for BTC/USD: Sally Ho's Technical Analysis 4 June 2020 BTC

3h
cryptodaily

Argo’s Mining Revenue Dips After Bitcoin’s Halving

3h
cryptonewmedia

Pomp Explains Why Mainstream Markets Are Up Amid Chaos

3h
cryptonewmedia

Analyst: Ethereum Bulls Still In Control at $240, Even Without “Real” Buying

3h
newsbtc

Roger Ver Donates $10K in Bitcoin Cash to Casa de Amparo Children’s Shelter

3h
thebitcoinnews

“Bitcoin will approach record high of about $20,000 this…

3h
cryptonewmedia

These Factors Show Ethereum is Still Poised to Explode Past Yearly…

3h
cryptonewmedia

The Juggernaut Messaging App Will Allow Confidential Chats on Top of Bitcoin

4h
bitsonline

Latest Bitcoin Core Code Release Protects Against Nation-State Attacks

4h
cryptonewmedia

“Bitcoin will approach record high of about $20,000 this year”

4h
cryptonewmedia

These Factors Show Ethereum is Still Poised to Explode Past Yearly Highs at $290

4h
newsbtc

Bitcoin Audible - Bitcoin Core 0.20 Released!

4h
letstalkbitcoin

The Brutal Attack on Iyanna Dior Proves ‘Black Lives Matter’ Isn’t Enough

4h
cryptonewmedia

Coincheck Investigates Another Hack, but Funds Appear Safu » The Merkle News

4h
cryptonewmedia

Analyst: Bitcoin’s Mass $220m Liquidation Spree is Fundamentally Positive for BTC

5h
bitcoinist

TradeConnect Trading Platform Review

5h
thebitcoinnews


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

bitcoinist

1yr 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