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The price analysis in litecoins shows that LTC revived the fever shared by its crypto-compatriots and reached a new high for 2019, over $ 100.
Litecoin Price Analysis: Market Overview
The substantial gains could be the result of the announcement of a new partnership with the hotel booking platform Travala.com and the news could indicate that the Litecoin 00 is looking for another niche for everyday use.
If Litecoin and Binance Coin were the pioneers who announced the start of a new bullish upward trend in the crypto market, the altcoin had been somewhat dormant over the last three weeks and clearly absent during the last Bitcoin wave.
It's the end of LTC sleep. On Wednesday, the altcoin reached $ 107.34, a new high for 2019.
LTC / BTC Daily Chart
Similar to the ETH / BTC harmonization, the LTC / BTC pair had a bullish double-bottom rise of 0.01143 and traders flocked to the breakout that followed.
The leading resistance levels of 0.01325 and 0.01412 correspond to the daily schedule. A fall below the 12-EMA at 0.01233 would relocate LTC in the corner down. The MAC D appears at the limit of a crossing of the oversold regions and the RSI is making its way into bullish territory. If the uptrend continues throughout the industry, Litecoin seems poised to grow and run.
4-hour LTC / USD Chart
The following levels for long-term care are: $ 109 and $ 127.90. It should also be noted that long-term care sets lower and higher thresholds for the weekly period.
Regarding the recent pump in altcoins, a widely held theory among analysts is that the profits of the recent Bitcoin parabolic race are now making their way into the altcoins for an upcoming "alternative season" and that the declines in the rate of domination of Bitcoin should allow small-cap altcoins array.
Given that Bitcoin is at the peak of an incredible parabolic race, traders could consider making quick profits, keeping an eye on the ability of digital assets to maintain the exponential moving average of their choice and to make it easier for them to keep up with the money. use a stop loss is strongly recommended.
Happy crafts!
Do you think the Litecoin (LTC) will pay $ 70 before Monday morning? Tell us what you think in the comments below!
Trade Bitcoins (BTC), Litecoins (LTC) and other encrypted currencies on the online trading platform Bitcoin forex evolve.markets.
[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex and Coinbase. The charts for analysis are provided by TradingView.]
Images courtesy of Shutterstock, TradingView. Market data from Bitfinex and Coinbase.
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