Daily cryptocurrency market performance. Source: Coin In another positive, the regulators in Hong Kong have given permission to Arrano Capital, the blockchain arm of Venture Smart Asia, to launch a cryptocurrency fund.
Later in the year, the fund hopes to launch a second fund dealing with a basket of tokens. Source: Tradingview. This was a huge positive but the bulls have not been able to build upon this move. This shows hesitation at higher levels. The flat moving averages and the RSI just above the 50 level suggests a balance between the bulls and the bears. We anticipate this level to act as resistance. Both the moving averages have flattened out and the RSI is close to the 50 levels, which points to a range-bound action for a few more days.
If this level holds, the pair is likely to remain range-bound for a few more days. Conversely, if the pair bounces off the current levels and breaks above the resistance zone, a new uptrend is likely. The moving averages are on the verge of a bullish crossover and the RSI is just above the midpoint, which suggests that the bulls are at a marginal advantage.
Though the bears might attempt to defend this level, we expect it to be crossed. Binance Coin BNB has been trading inside a bearish rising wedge pattern for the past few days. This suggests that the bulls have a slight edge. The failure of a bearish pattern is a bullish sign.
Currently, the bulls are attempting to keep the price above the breakout level. The bulls have not allowed the price to dip below the day EMA since April 7, hence, we expect the pair to rebound off it once again. The moving averages are on the verge of a bullish crossover and the RSI has been trading in the positive territory, which suggests that bulls have the upper hand.
A break below this support will be a huge negative. This shows selling at higher levels. The day EMA is sloping up and the RSI has been trading in the positive territory, which suggests that bulls have the upper hand. Contrary to our assumption, if the bears sink the pair below the day EMA, it will signal weakness.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by HitBTC exchange. Биток и эфир держу до наилучших времён.
Peak price was hit February which means 3. This is also long enough. Conclusion We go by the charts and this chart is bearish. I pointed out the potential for change because we trade on the bullish side but the reality is that prices can keep going lower. After this level is hit, we are very likely to move back up.
Things can change sooner though and we see Litecoin vs Bitcoin turn. The new and last ATL was hit only with a wick so far This can very easily be the bottom and then this pair can experience long-term growth. For trading, we wait for the right signals and confirmation first
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Currencies Forex Market Pulse. New Recommendations. News Barchart. Tools Tools. Upcoming Webinars Archived Webinars. Van Meerten Portfolio. Contact Barchart. Site Map. Want to use this as your default charts setting? Save this setup as a Chart Templates. Switch the Market flag for targeted data from your country of choice. Open the menu and switch the Market flag for targeted data from your country of choice. Want Streaming Chart Updates? Switch your Site Preferences to use Interactive Charts.
Need More Chart Options? Right-click on the chart to open the Interactive Chart menu. Free Barchart Webinar. The Litecoin network is scheduled to produce 84 million LTC. Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining.
Therefore, trade with caution. The following are some of the technical indicators which could be useful for anticipating the most likely Litecoin LTC USD price movement. The result of that calculation is the MACD line. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero — Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to
This script displays previous Litecoin halving events. Enjoy! Really nice performance of Simple RSI Strategy for LTCUSDT (Binance) 5m chart. That's the tricky part. We have multiple bullish signals as in the hidden bullish divergence with the MACD and RSI. The RSI is also strong above 40 weekly. You. This article centers around the Litecoin cryptocurrency. RSI, Relative Strength Index, is seen moving horizontally at the level.