It remains unclear who the new president of the United States will be, though Joe Biden currently seems to have a big lead. You should do your own thorough research before making any investment decisions. Against Bitcoin, Litecoin was trading at around 0.0041 BTC last Friday. However, the RSI (14) is currently dropping below the 40 level, which indicates bearish movement in the market. It is unclear the extent of the selling pressure. Eventually, LTC dropped to $51 low and corrected upward. Your email address will not be published. Current resistance stands at the $64.5 mark. In any case, the community is eagerly anticipating Bitcoin’s next move and predicting whether it will be a correction or a shot to its former all-time high of 20,000. This is followed by resistance at 0.00417 BTC (bearish .236 Fib), 0.0043 BTC, and 0.0044 BTC (bearish .382 Fib). This is by far the largest BTC seizure that the country has ever made. On the other side, the first level of support lies at 650 SAT. Litecoin price prediction expects a drop to $56. Past performance is no guarantee of future results. Looking at the daily chart, LTC/USD is bearish and all the gains accrued by the pair from October 22 have been cleared by the bears. Investing is speculative. If you are looking for virtual currencies with good return, LTC can be a bad, high-risk 1-year investment option. Current resistance stands at the $64.5 mark. Litecoin technical analysis, XRP has been in freefall against BTC during October. I believe its the perfect time to invest in those cryptocurrency. Bitcoin Just Had the Second Largest Difficulty Adjustment in History. XRP price reaches a critical threshold, aiming for $0.30 if broken, Bitcoin Price Analysis: BTC enters danger zone as investors grow “extremely greedy”, Stellar Lumens price looks poised for a big jump towards new yearly highs, Bitcoin explodes, crypto bull market on fire, Bitcoin Weekly Forecast: Bitcoin moves to a new grade as the network turns 12 years old. As seen in the above chart, stocks, as well as commodities in the face of gold, are also up since their lows on November 3rd. Litecoin was never three thousand ..it was Bitcoin.. now u know why you lost too much.. You really don’t seem to know your numbers. Will Litecoin price rise? This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Tel: 020 3146 8423. The price was falling until February 2020. This is followed by support at 0.027 BTC, 0.0267 BTC, and 0.0262 BTC. 62.489 USD to The buyers will need to push above 1800 SAT before it can be considered as a reversal of some form. A breakdown can take Litecoin back to $20. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Litecoin 1-week chart. When investing your capital is at risk. The pioneer digital currency gained nearly 30% in October and entered November with intense bullish fervour. The price has broken the 21-day SMA but not convincingly. Term Box: The support here was further bolstered by a long term rising trend line. Throughout 2020, the … Over the past four days, Litecoin started to climb higher. Following the developments related to the 2020 US Presidential Elections, Wyoming has a new Senator – Cynthia Lummis. The LTC/USD price is seen dropping from $55.81 to $52.27 within 24 hours as the technical indicator slides below 60-level. The most critical support level to look out for is the 50-SMA on the daily chart at $49. The company has confirmed that this was due to unauthorized access carried out by a third party and that it has halted some operations of its internal networks as of November 2, However, a cybersecurity expert with knowledge of the malware scene under the pseudonym Pancak3lullz was able to analyze parts of the malware’s code and told Bleeping Computer that Capcom was hit with a piece of ransomware developed by a group under the name “Ragnar Locker.”. During the week, Ethereum headed lower to break beneath 0.0207 BTC and hit the support at 0.0267 BTC yesterday. Bitcoin Dominance at 4-Month High as Total Market Cap Gains $17 Billion. On the way down, bulls find the 50-SMA, which will act as a support level in the short-term. After rebounding, Ethereum surged higher to reach the $416 resistance (bearish .618 Fib Retracement) yesterday. Use Starting at around $13,500, the cryptocurrency went on to shatter the high set back in 2019 and surge to as much as $16,000 just today. When will Litecoin price go down? An up-channel can be seen on the chart below, and the price is expected to rise after breaking above a triangle pattern that has formed inside the channel. Moving forward, if the buyers can break the $0.261 resistance, higher resistance lies at $0.271 (bearish .618 fib Retracement), $0.28, and $0.286 (bearish .786 Fib Retracement). advice please. Beneath this, support lies at 1585 SAT, 1555 SAT, 1525 SAT, and 1500 SAT. The retraced candle body tested the 61.8 % Fibonacci retracement level. The Associated Press Has Leveraged Ethereum For Recording US Election Data. This resulted in a further downward movement of the coin. The Trading View analyst Harison is of the opinion that Litecoin is currently in the accumulation zone, and that the cryptocurrency is expected to see a significant increase in its price over the long-term trade. Thank you. The target level was marked at $405.91 for this trade setup, which is where the midline of the up-channel lies. Litecoin has being the trends for some years now and it has prove it worth over the time, being a good investor hasn't been easy cause you meet so many amateurs who call themselves traders, early last year I lost so much in binary trade cause of my inexperience and lack of good guidance, so I decided to research more on Crypto trade so I watch videos and did more research all to no avail until I was introduced to Chuck who they called the "GURU INVESTOR", so with my little faith I reached him and he asked me about my experience on Crypto trade which I know was bad, with his experience he thought me on how, when and where to trade, so I got litecoin at $3k which rose to $12k in less than 2 weeks, now trading has being much easier and profitable, I want to use this medium to spread the word to for those who have lost so much in Crypto trade. 34.754 USD. Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. Visit our. Bitcoin In US Senate: New Wyoming Senator Bought BTC in 2013. FTX Token saw some volatility over the past few days and noted some losses, with the crypto trading sideways under a level of resistance. The analyst believes that this touchdown of the cryptocurrency at the lower boundary of the trading pattern may complete a double bottom pattern. It has since dropped slightly to $15,500 but is still very much bullish. Shortly after that, BTC started rallying hard and reached $16,000. Nov 03, 2020 at 12:13 //, Cryptocurrency Scams Might Rise Amidst Second Wave of COVID-19 Pandemic, Bitcoin Cash Regains Critical Support at $250, Struggles to Break Into Previous Highs, Litecoin Rebounds Above $51 as Price Rallies Above $58, Targets $70 High, Mixing Wallets Get Simple Pointing to the Growing Need in Privacy, Ripple Rebounds Above $0.23 Support, Faces Fresh Rejection at $0.24 High. By continuing to use this website you are giving consent to cookies being used. According to such AI services like Wallet Investor or Trading Beasts, this information is true. ADA rebounded from this support today to reach as high as 695 SAT. However, for LTC/BTC to increase and move towards the resistance levels of 4200 SAT and above, the RSI (14) may need to go cross above the 50-level and the market price crossing above the moving averages. Current resistance stands at the $64.5 mark. Identify the most profitable chart patterns in seconds! Current support levels found at the $60 mark. Above this, resistance lies at 0.0296 BTC (200-days EMA), 0.03 BTC, and 0.0311 BTC (100-days EMA). Looking at the Moving Average Convergence Divergence (MACD) line, we can see that it has crossed above the signal line on this time frame and the histogram size is increasing in the positive region. Source: https://cryptopotato.com/crypto-price-analysis-overview-november-6th-bitcoin-ethereum-ripple-litecoin-and-cardano/. LTC/USD is currently trading below the 9-day moving average and within the ascending channel, the $50 support level may be penetrated by the bears provided there is an increase in the bears’ momentum and the price may fall below the 21-day moving average which is at $50.24 support level. Over the past week, ETH, XRP, LINK, BNB, LTC, DOT, and so forth are all up sizeable amounts. In recent months they have attacked major personalities such as Donald Trump, Lady Gaga, and Madonna. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. 3 Lower Thames St This week, Bitcoin went through its second-largest mining difficulty adjustment. BTC started the week at $13,200. Litecoin is currently trading at $50, right below a critical resistance level in the form of the 100-SMA on the daily chart.
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