Litecoin (LTC)

Litecoin price extended its decline and broke the $40.00 support area against the US Dollar.LTC price traded to a new 2020 low at $25.02 and it is currently correcting higher.There is a major bearish trend line forming with resistance near $36.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face a strong resistance near the $38.00 and $40.00 levels.Litecoin price is trading in a bearish zone below $40.00 against the US...

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The currency market failed to get over another collapse. In general, there is a great potential in Bitcoin for a rebound upwards and new growth in anticipation of...

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Bitcoin (BTC)Yesterday, the price of Bitcoin crashed by over 40%, following the emerging global market crisis. Before this fatal plunge, Bitcoin showed signs of weakness consolidating around the $8000 mark for three days.Meanwhile, this whole bearish scenario started from a mid-February high of $10,500, which was later confirmed by a bearish head-and-shoulds pattern, which played out around $8500 last week.Unfortunately for Bitcoin, the price has not just dropped to a 4-month low but now...

Cryptocurrency prices fell sharply yesterday. This is one of the worst days in the history of the cryptocurrency markets. There seems to be hope and a few opportunities as well.Cryptocurrency prices slid yesterday to new lows. Sources say that the prices of cryptocurrency tokens have tanked since yesterday. This follows a general market malaise as other markets performed even worse. This is mostly due to the COVID-19 situation. At some point trading on some markets had to be reportedly...

In general, the crypto market is on the wane today. Bitcoin, Ethereum, XRP and other coins are dropping. More volatility is expected. BTC price has returned to the above $5,000 levels.The crypto market is so volatile that incredible changes can occur within minutes. A prime example of such a leap is the leading digital currency. First, Bitcoin price drops to $3,637, but in just 30 minutes, it bounds back and jumps to $5,260. Such performance is accompanied by the downward movement of the...

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Litecoin price is declining and it recently broke the $52.50 support area against the US Dollar.LTC price is trading near $45.00 and it remains at a risk of more losses.There is a key bearish trend line forming with resistance near $54.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could extend its decline towards the main $40.00 support level in the near term.Litecoin price is trading in a bearish zone below $50.00 against the US Dollar, similar to bitcoin....

Litecoin trades around the lower boundary of a falling wedge pattern and might find support here.Against Bitcoin, Litecoin continued to lose momentum after facing strong resistance around 0.006375 BTC earlier today and getting rejected.If the price drops below the immediate support, a further decline may develop from this point.LTC/USD: Litecoin Remain Trapped In a WedgeKey Resistance Levels: $50.6, $56 | Key Support Levels: $45, $42Following the latest price actions, Litecoin is facing a lot...