All ready: Litecoin may rise this week
Source:Looks Like Litecoin soon jumps again to the delight of investors. Seventh by market capitalization in the morning, the cryptocurrency is trading at 32$. While her schedule looks very promising so AMBCrypto experts recommend to closely follow the coin in the coming days.
theTechnical analysis
LTC has got unexpected popularity in Korea — it is there now comes 25 per cent of the trading volume of the cryptocurrency. Most active traders trade on the Korean stock exchange Coinbit in a pair of Litecoin with the Korean won. Second place in trading volume — exchange DOBI Trade. In the last 24 hours fell 2 percent, however, on the scale of one week, the coin grew by 5.25 per cent.
On the 1 hour chart there are two important lines that are now worth watching all the market players. The first is the uptrend, which stretches from 27 to 31 dollars. The second is the downtrend that runs from 41 to 33 dollars. While the nearest support line in the area of $ 27 to withstand the onslaught of the bears. For sustainable growth in the medium term, buyers need to push price above resistance near $ 35.
image Source — AMBCrypto
While this scenario contribute to the readings of technical indicators. Held on MACD bullish crossover, the RSI also indicates growth.
1-daily chart the situation is not so rosy. Litecoin is still in a protracted fall that is not going to end. The downtrend line stretching from 125 to 34 dollars. The nearest support level is $ 28. While the most serious resistance lines at this scale are zones 62 and $ 100.
image Source — AMBCrypto
Will there be a rebound soon? Judging by the technical indicators, Yes. The Parabolic SAR indicates a gradual transition to a bullish trend, while the Relative Vigor Index recently completed a bullish crossover.
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...
While holding: Ethereum again on the verge of a new drain
Ethereum remains in third place in terms of capitalization among the top coins of the stock market. An asset is experiencing not the best times and is on the verge of a new wave of drain. To give investors at least a little confid...
Infographic: how much would an investment in Bitcoin in 2011?
Imagine that you previously did not dare to invest in Bitcoin. Now, this idea seems absurd, as the cryptocurrency brings to its investors huge losses for almost a year. While the future of Bitcoin looks misty — financial regulator...
On the street in December. A year ago Bitcoin was already flying towards record heights, but this time stuck at the level of $ 4,000. The subsidence rate has affected the industry as a whole, Hasrat networks of cryptocurrencies co...
Bitcoin SV — record for growth. Whether to continue the uptrend next week?
Since the Cash was more than two weeks, so it is now possible to outline the future movement formed forks of Bitcoin and Bitcoin ABC SV. While both coins managed to gain enough capitalization to get into the top 10 cryptocurrencie...
Zero perspectives: a new study has put an end to the success blockchain solutions
a Team of experts from the us Agency for international development USAID reviewed 43 example of technology implementation of a distributed registry (DLT) in the industry. The study covered various projects whose clients were non-g...
Bitmain launches scriptindex for investors in 17 assets. Why is it needed?
Chinese manufacturer of mining equipment has launched its own cryptocurrency index. The company plans to provide market data for 17 of the largest digital assets in relation to market capitalization. About this manufacturer announ...
Growth will not be: the head of the SEC refuses to approve an ETF on the crypt
the Head of SEC J. Clayton said that the cryptocurrency exchange lacks transparency, therefore, the adoption of the cryptocurrency will not happen soon. Representatives of the Commission on securities and stock exchanges of the US...
Profit to be: Intel patented technology effective Bitcoin mining
mining still dominates the minds of people of its potential profitability. The trend has even succumbed to the leadership of Intel, which is now actively working to increase the efficiency of production of coins. According to the ...
Confirmed: November was the worst month for Bitcoin over the past seven years
Yesterday ended the worst month for Bitcoin over the past seven years. November 2018 brought the most losses to investors in the cryptocurrency. Recall, November 1, Bitcoin traded at 6341 dollar (the average price on the largest e...
The price pattern of Bitcoin is similar to the previous cycles. The New year will be bullrun?
With the largest collapse in mid-November, it's been a few weeks. What forecasts of prices we haven't seen during this time. showed that the coin still acts as a litmus test for the rest of the stock market and all other currencie...
Kriptosistem note: five main reasons hadlich Binance Coin (BNB)
2018 was very difficult for hontarov. While talking about something in terms of the red market is a very difficult question that worries many is whether still hudlite after these months. Maybe we have reached the bottom. Maybe not...
Ledger's Nano now supports Monero. Waiting for growth?
Now the Monero holders can feel more confident their coins are safe on the hardware wallet Ledger Nano S. As reported in Cointelegraph, the team Ledger expressed support XMR in the official press release. We will remind, earlier i...
Blockchain the phone from Sirin Labs for $ 999 is now ready. What surprised device?
Smartphone Finney, which began at the peak of the cryptocurrency boom, will go on sale in late December. Company Sirin Labs has introduced the final version of the design of the gadget at the event in Barcelona. The creators of th...
Dominicis: the Russians got a suspended sentence for triptorelin state servers
City court of Kurgan hacker sentenced to two years of conditional imprisonment for mining bitcoins at the expense of the servers of the government agencies and private companies. Zloumyshlenniki hacked the websites of state instit...
The Chairman of the NYSE supported the Bitcoin, despite the bear market
this week, the Bitcoin has received the support of one of the most important figures on wall street. The Chairman of the new York stock exchange and CEO of its parent company ICE Jeff Sprecher contrary to current headlines about t...
Zcash for dalistyle on Coinbase. Coin grew by 15 percent
on Thursday, the platform announced that users can send the zcash for your account at Coinbase Pro. However, while traders are not able to buy or sell the coin to ensure the desired level of liquidity. Deposits will be accepted zc...
Chief economist at Allianz: cryptocurrencies will beat the bears, but will not detract from Fiat
Cryptocurrencies will survive the current mass sale because this technology is with us for a long time. But soon they will not be able to outshine Fiat currency. This is the opinion of the chief economist of Allianz Mohamed El-Ari...
Satoshi is alive? In the developer profile Bitcoin there is a new message
Satoshi Nakamoto, the Creator of the Bitcoin (if you don't know), again showing signs of life. On the eve of the profile Nakamoto, the network appeared in a short message «nour». Is he the man? Cryptoexpert divided into ...
Comments (0)
This article has no comment, be the first!