The price of Litecoin rests on the key level. Will there be growth?
Source:The Price movement of Litecoin are not yet talking about the exact change of trend, but on 4-hour chart cryptocurrency is already formed a double bottom. If coin will be able to break the level of $ 70, it is possible to speak about a new wave of growth up to $ 100. The analysis of graphs carried in .
theis it Worth investing in Litecoin
Moving Average (100 SMA) is above the 200 SMA, so the path of least resistance leads to an upward trend. In other words, very soon on the 4-hour chart may be formed of a small rally. However, if the 100 SMA will play the role of a dynamic resistance, Litecoin will roll back to about $ 48.
Now to trade Althingi with caution, because any movement depends on the state of Bitcoin. The main cryptocurrency is still in a flat, which can last up to an important first — the approval or rejection of cryptocurrency ETF with the SEC.
The behavior of the price of Litecoin depends on these events. In case of rejection of the ETF, all altcoins along with Bitcoins will go to draw a new bottom. The nearest support levels Litecoin is located in the region of 33 and 21 of the dollar.
Looks Like the beginning of this week has passed without any obvious negative news for the stock market. The weekend ended on a positive note — the WEF more than 65 real-life applications of the blockchain, a leading American venture capitalist a market capitalisation of up to tens of trillions of dollars.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Charlie Lee has named a new reason for selling all my litecoin
the Founder of Litecoin Charlie Lee led another argument in favor of rather controversial decisions to sell all of his coins . According to the businessman, the profit from the transaction allowed him to fully concentrate on the d...
Despite the overwhelming bearish sentiment on the market in the next 18 months, the situation on the stock market can change dramatically — and the main force will be the bulls. The fact is that the infrastructure of digital money...
Casino robbery: decentralized application EOSBet hacked. Losses have exceeded $ 200,000
the Players of decentralized casino on the blockchain suffered huge losses due to vulnerabilities in smartcontract application. Using the flaw, hackers managed to steal thousands of coins worth more than $ 200,000. About it writes...
Mining vs correction: Hasrat Bitcoin doubled in just a few months
According to research firm Fundstrat, Hasrat of Bitcoin has doubled since may of this year. The rising popularity of mining crypto currencies has not prevented even one of the most severe corrections in the history of the stock ma...
Use technical analysis: what will happen to the price of Bitcoin this week?
slowly approaching the level of $ 7,000. Can you talk about the end of the bearish trend, or is it just a lull before a new fall? Situation analysis on the charts of crypto currencies held in . the the 4-hour chart Now, the main ...
What are the main advantages of Bitcoin? The opinion of the maker of Litecoin Charlie Lee
Bitcoin is not censored, and transactions in the blockchain coins are unchanged. These features are the main advantages of coins, said the founder of Litecoin Charlie Lee. The businessman told about the advantages of Bitcoin from ...
The potential of the blockchain is endless. Evidence from the world economic forum
the world economic forum (WEF) has allocated more than 65 ways real use of the blockchain in solving problems related to the environment. The results of the research analysts published in the report «Building Block(chain)s fo...
Tezos increased by 30 percent. Cryptocurrency is preparing to exit beta test
the Weak activity of the stock market did not prevent bitcoin to grow more than 30 percent. The main reason for the growth Tezos — launch core network coins on Monday. About it writes . the a promising New altcon on Friday, the te...
Sunday — time to take stock of the week. In the world of cryptocurrency for this traditionally responsible Cryptomach. Today, remember about the fork Bitcoin and Zclassic, review Vitalik Buterin to their own statements and unusual...
Not enough: analysts predict the rise of Bitcoin to $ 8,500 by the end of the year
Experts of the research firm Trefis don't expect serious Bitcoin price movements this year. In their opinion, cryptocurrency will grow to a maximum of 8500 by the end of December. About it writes . the Why is not growing Bitcoin t...
Cryptocurrency startup Robinhood that allows you to trade coins with zero Commission, earns millions of dollars by selling customer data to financial corporations. This is stated in the report research firm Seeking Alpha, which re...
When the capitalization of the stock market will rise to 80 trillion dollars? Response Tim Draper
According to Draper, the stock market has very big potential. In the next 15 years, the industry of cryptocurrency can achieve capitalization on the level of 80 trillion dollars. About it writes . the the Prospects of investments ...
Expert: cryptocurrency is not dead and will not disappear
the Loss of 600 billion dollars of capitalization is not a reason to consider the stock market dead. So says chief economic analyst at Allianz Mohamed El-Erian. The expert noted that the technology behind Bitcoin is here to stay a...
BitGo CEO: Bitcoin needs fresh capital, but wall street is already on the market
the Money of institutional investors is that should Bitcoin and the industry as a whole. However, the process of the arrival of the players from wall street to the market is delayed, while the industry was hoping for a more rapid ...
Another victory: on the mining of Bitcoin is spent 4 times less than gold production
One of the favorite arguments of the opponents of cryptocurrencies — stories about what mining has too much power. However, when mining cryptocurrency is used four times less energy than the extraction of gold. Information analyst...
And worse: why you should not worry about the fall of the stock market
Correction of 2018 hit hard by the stock market, but even it is not equal to the fall of Bitcoin in 2014. Then, many investors have left the industry, disillusioned with the cryptocurrency. However, the numbers speak for themselve...
Again puzzles: Bitcoin crashed due to an unknown whale. He poured 50500 coins BTC
the Fall of Bitcoin by 15 percent at the end of August doesn't just happen. Analysts Chainalysis found out that the anonymous "kit" in the interval from 23 to 30 August, made about 50 transactions totaling 50500 bitcoins. At that ...
The trading volume on the Ethereum rose to annual maximum. When you start to grow the course?
Yesterday, the daily volume of trade Ethereum has reached a maximum value in the last 12 months. In 24 hours the total amount of traders ' transactions amounted to 850 000 ETH is the last time that happened on 15 September 2017. T...
Comments (0)
This article has no comment, be the first!