Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data from BitInfoCharts.com shows that the […]
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LTC/USD broke below its ascending channel on the 4-hour time frame to signal that a reversal from the uptrend is due. Price bounced off the $72 level to indicate that a correction might be needed before it heads further south. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with […]
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LTCUSD still seems to be under a lot of bearish pressure as it attempts to close below the bottom of its symmetrical triangle on the 4-hour time frame. However, technical indicators still suggest that bulls could have a fighting chance. For one, the 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is […]
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TokenPay Swiss AG announced its partnership with Germany’s WEG Bank yesterday, which sees the decentralized and self-verifying payment platform acquire 9.9 percent of the bank. The other 90 percent of the bank is will reportedly be purchased pending mandatory regulatory approval. TokenPay notably has a strategic partnership with Litecoin Foundation, which aims to be “a leading force in creating and delivering […]
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LTCUSD is still stuck inside its long-term descending triangle pattern and is hovering close to support. A break lower could lead to a drop of the same height as the chart pattern. However, the 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This means that the uptrend is […]
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Litecoin price is making a nice upside move above $160 against the US Dollar. LTC/USD is now back in the bullish zone with supports near $165 and $162. Key Talking Points Litecoin price is showing a lot of positive signs since it is now above $162 (Data feed of Kraken) against the US Dollar. There is major bullish trend line […]
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Litecoin price remained in a bearish zone and declined below $180 against the US Dollar. LTC/USD may correct a few points, but it remains sell on rallies. Key Talking Points Litecoin price failed to correct higher substantially and declined below $180 (Data feed of Kraken) against the US Dollar. There is a new connecting bearish trend line forming with resistance […]
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Litecoin price is trading above the $205-210 support region against the US Dollar. LTC/USD may trade in a range above $200 before the next move. Key Talking Points Litecoin price is trading with a neutral bias above the $200 level (Data feed of Kraken) against the US Dollar. There is a key bullish trend line forming with support at $208 […]
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