Litecoin (LTC)

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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...

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.Bears continue pushing prices of assets to the downside as they broke the closest support levels again. In the daily chart of Bitcoin, a good level to rebound upwards...

Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.After the coronavirus outbreak, the market has become as volatile as never before. Yesterday, it rebounded after the crash on Monday, but it was not out of the woods yet. Today, U.S. stock futures dropped sharply, suggesting more volatility when trading began Wednesday, following two roller-coaster days on Wall Street. Dow Futures slide 700 points, rolling...

Despite the many investments and acquisitions taking place in the Ethereum space, the ETH token followed Bitcoin’s lead into losing more than 10% of its value between March 7 and March 8.Over the weekend, the crypto markets suffered colossal losses that left many of the top tokens losing over 10% of their value. Bitcoin led this massive meltdown with nearly $30 billion erased from the crypto markets. On its part, Bitcoin lost almost 18% over the past two days resulting in a dismal performance...

Bitcoin and other cryptos’ prices dropped soon after a plunge in oil prices. Besides, Bitcoin lost its positions as a result of a crypto scam committed by PlusToken.Today, the beginning of the trading session has become the worst this year. After a massive sell-off on Sunday, markets have not managed to recover. As a result, cryptocurrencies have suffered significant drops. Bitcoin price declined by 9.32% in 24 hours, Ethereum lost 10.48%, Litecoin dropped by 14.41%, XRP is 9.95% down. This...

South Korea is getting an addition to its crypto hub. The country is unveiling new digital ATMs that will allow people to exchange won – the country’s national fiat – for Litecoin (LTC), the sixth-largest cryptocurrency by market cap.Litecoin Is Getting a Nice BoostSouth Korea, at one point, was one of the largest crypto havens across the globe. It accounted for roughly one-quarter (25 percent) of the world’s cryptocurrency transactions. However, the nation has since taken on a very strict...

Litecoin price declined below the $60.00 level before it found support near $56.00 against the US Dollar.LTC price is currently correcting higher above $60.00, but it is facing a lot of hurdles.There is a major declining channel is forming with resistance near $61.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either rally towards the $68.00 level or it might restart its decline below $58.00.Litecoin price is trading near a major breakout zone against the...