Litecoin Correction Causes Serious Bearish Action, Why Further Pullback is Likely

LTC broke out of a channel to a new descending wedge after dropping below $61 price levels earlier today. The price rejection at $66 price levels has made Litecoin stay under a bearish pressure since the weekly opening. Litecoin may gain bullish momentum if the price can reclaim $61, which appeared to be a critical confluence zone for the market. Litecoin has witnessed a lot of price reductions over the past three days due to a significant correction which is making the bears gain control of the market. However, a…

Crypto Market Cap & Bitcoin Declining: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap is struggling to stay above the $225.0B support area. Bitcoin price is down around 3% and it is trading well below the $9,000 level. Litecoin (LTC) price is declining, but it is still trading above the $60.00 support area. BCH price failed to surpass the $300 resistance and is correcting lower towards $285. Tron (TRX) price is slowly declining towards the $0.0185 support area. Cardano (ADA) price is trading in a range above the $0.0420 support area. Bitcoin (BTC) and the crypto market cap are…

As Bitcoin Price Consolidates, Litecoin Looks Ripe for Massive Gains

Bitcoin price (BTC) failed to ignite much interest as October closed.  There are approximately 194 days left until the next Bitcoin halving, which probably feels like an eternity away for those involved with the crypto space.  This week there was also a surplus of negative news events like the Bitmex email leak and the Coinbase flash crash that caused mass liquidations on Deribit. So can we really expect Bitcoin price to do anything spectacular in the short term?    Daily crypto market performance. Source: Coin360.com BTC USD daily chart. Source: TradingView…

Litecoin Price Technical Analysis (Oct. 24): Going Down with a Shooting Star Pattern?

When looking at the chart below, we can see that Litecoin (LTC)trade is currently trading at $50.07. The cryptocurrency price has broken out of the channel and broken the support of $52 and found a new support at $48 with resistance at $ $50.5. Litecoin’s price is trading around its support level and we see formation of a shooting star pattern which is bearish reversal pattern. So the price is expected to touch the support again. Long position can be taken around support for swing trading. Dow Theory According to…

Litecoin Foundation Pitches Opt-In MimbleWimble Via Extension Blocks

The Litecoin Foundation has published two new draft Litecoin Improvement Proposals that work toward establishing privacy features for the network. On Oct. 22, the Foundation shared links to details of the draft proposals on GitHub: LIP-0002 EB and LIP-0003 MW.  Protecting Litecoin’s functional fungibility from government As the Foundation outlines, both proposals are targeted at mitigating the privacy risks associated with a transparent ledger, where transaction history can be publicly traced.  The proposal’s authors — Andrew Yang, David Burkett and Charlie Lee — argue that this transparency hinders Litecoin’s “functional…

Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap corrected a few points, but it faced a strong resistance near $215.0B. Bitcoin price is also correcting higher, but it is likely to struggle to clear the $8,200 resistance. Litecoin (LTC) price is now facing resistance near the $55.50 and $56.50 levels. BCH price is holding the main $215 support area and it is currently rebounding. Tron (TRX) price is climbing higher and it is now placed nicely above the $0.0150 level. Stellar (XLM) price is up more than 2% and it is moving towards…

Crypto Market And Bitcoin Could Rise Steadily: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is showing positive signs above the $210.0B support area. Bitcoin price needs to surpass the $8,400 resistance area to continue higher in the near term. Litecoin (LTC) price is still struggling to climb above the key $60.00 resistance area. Bitcoin cash price is slowly rising towards the $235 resistance area. EOS price seems to be consolidating gains above the $3.050 and $3.000 support levels. Stellar (XLM) price is up more than 5% and it recently broke the $0.0650 resistance area. Bitcoin (BTC) and the crypto…

Litecoin Turns 8 — Charlie Lee Says Foundation Not Near Bankruptcy

As Litecoin (LTC) celebrated its eighth birthday on Oct. 13, its founder Charlie Lee had to fend off crypto Twitter’s FUD — fear, uncertainty and doubt — about the altcoin. Lee’s original post was the exuberant announcement that: “Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forward to the next 8 years and more! ” “We have enough money to last 2 years” The first response to…

Crypto ‘Sextortionists’ Turn to Litecoin to Avoid Detection: Report

Litecoin (LTC) and other alts are becoming increasingly prevalent among crypto “sextortionists” since they allow to avoid detection more easily, a new research says. According to cybersecurity firm Cofense’s new report published on Oct. 8, malicious actors are gradually starting to shift their focus from Bitcoin (BTC) to specifically avoid detection by specialized email filters. The report states: “As enterprises began writing detection rules to block those emails, threat actors modified the text by replacing it with an image, which prevented key words from being identified by Secure Email Gateways…

Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels. Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200. Litecoin (LTC) price is still trading well below the main $60.00 resistance area. Bitcoin cash price is currently correcting gains and it could test the $220.00 support. EOS price failed to surpass the $3.250 resistance and is currently declining towards $3.050. Stellar (XLM) price is currently consolidating gains above the $0.0600 support area. Bitcoin (BTC) and the crypto market cap are…