Friday, January 27, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Litecoin

Litecoin Price Registers Bearish Divergence, What’s Incoming?

Mikhailev by Mikhailev
November 28, 2022
in Litecoin
0
Litecoin Price Registers Bearish Divergence, What’s Incoming?
Share on FacebookShare on Twitter


After the FTX crash on November 9, Litecoin’s value started a major upward value motion. Buyers proceed to stay in revenue. Nonetheless, a downswing could possibly be on the best way. This won’t essentially be the tip of the bulls simply but.

Though LTC is shifting south after registering a 7.1% fall on the day by day chart, relating to weekly features, the Litecoin value has held onto its 16% appreciation. The bears have now entered the market and halted the uptrend.

A soar above the instant resistance mark over the subsequent buying and selling session will pause the bears once more. On the day by day chart, the Litecoin value has shaped a bearish divergence. This usually alerts an incoming sell-off available in the market. Since patrons proceed to overpower sellers on the chart, a restoration from the sell-off shouldn’t be troublesome. A transfer above the $75 mark can even gasoline one other rally.

Associated Studying: Bitcoin Bottom Is Near, But A Drop To This Level Is Possible, Renowned Analyst Says

Litecoin Value Evaluation: One-Day Chart

Litecoin Price
Litecoin was priced at $71 on the one-day chart | Supply: LTCUSD on TradingView

LTC was auctioning for $71 at press time. During the last 24 hours, LTC displayed that its week-old bullish momentum was waning. Instant resistance for the coin stood at $73. If patrons stay current, the coin would possibly revisit the aforementioned degree.

It stays to be seen if LTC can keep above $73. Then again, a fall from the $73 value mark can drag the altcoin to $65. Since buyers are nonetheless optimistic about LTC, restoration must be swift. In that occasion, Litecoin can fall to $61 after which to $58. A fast restoration may propel the altcoin’s value to $93, after which LTC may attain the psychological value ceiling of $100.

Technical Evaluation

Litecoin Price
Litecoin shaped bearish divergence on the one-day chart | Supply: LTCUSD on TradingView

The technical outlook of LTC has remained optimistic and is but to seize the latest bearish sentiments. LTC, nonetheless, has shaped a bearish divergence on the chart. Bearish divergence is adopted by a sell-off. The Relative Energy Index famous a downtick and was beneath the 60-mark, indicating that patrons are reducing in quantity however are nonetheless outnumbering sellers.

The worth of Litecoin was pictured above the 20-Easy Transferring Common because the coin nonetheless stays worthwhile. Patrons had been driving the value momentum. This additionally identified that Litecoin ought to be capable to bounce again quickly in case of a sell-off.

Litecoin Price
Litecoin registered elevated capital inflows on the one-day chart | Supply: LTCUSD on TradingView

Litecoin’s indicators depicted the identical outlook in correspondence with extra patrons than sellers. The Chaikin Cash Circulate, which signifies capital inflows, was above the half-line, which meant that buyers had been accumulating the altcoin.

The Common Directional Index additionally sided with the patrons; it depicts the power of the value momentum. ADX was barely above the 20-mark, which meant that the value momentum was gaining power on the time of writing.

Associated Studying: Dogecoin Climbs 25%, Leads Top 10 Coins, In Last 7 Days – Can It Hit $1 By 2023?

Featured picture from Unsplash, Chart: TradingView.com



Source link

Related articles

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

January 27, 2023
Litecoin (LTC) and Polygon (MATIC) Have Been Renowned IN The Past But It’s Time For A New Crypto Project To Take The Top Ranks: Snowfall Protocol (SNW)

Litecoin (LTC) and Polygon (MATIC) Have Been Renowned IN The Past But It’s Time For A New Crypto Project To Take The Top Ranks: Snowfall Protocol (SNW)

January 27, 2023
Share76Tweet47

Related Posts

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

by Mikhailev
January 27, 2023
0

A broadly adopted crypto analyst says that Bitcoin (BTC) may proceed its uptrend as he retains a detailed eye on...

Litecoin (LTC) and Polygon (MATIC) Have Been Renowned IN The Past But It’s Time For A New Crypto Project To Take The Top Ranks: Snowfall Protocol (SNW)

Litecoin (LTC) and Polygon (MATIC) Have Been Renowned IN The Past But It’s Time For A New Crypto Project To Take The Top Ranks: Snowfall Protocol (SNW)

by Mikhailev
January 27, 2023
0

Snowfall Protocol (SNW) is a brand new cryptocurrency undertaking that has lately gained consideration from early adopters and traders as...

Flasko (FLSK) Becomes Top Coin to Watch While Binance Coin (BNB) and Litecoin (LTC) Go Down the Slope By DailyCoin

Shiba Inu Now 13th Biggest Crypto After Flipping Litecoin By CoinEdition

by Mikhailev
January 27, 2023
0

Shiba Inu Now thirteenth Greatest Crypto After Flipping Litecoin has flipped LTC by way of market cap.SHIB is at the...

Dogecoin, Runfy Token, and Shiba Inu Values Set To Rise Exponentially As Cryptocurrency Bill Is Introduced In The Uruguayan Parliament

The Bullish Bunch Are In: BNB Coin, Litecoin, And Big Eyes Coin

by Mikhailev
January 27, 2023
0

Because the crypto market recovers from the FTX Crash and the crypto winter season, we discover ourselves in a market...

Robinhood Teases Dogecoin Support for its New Wallet

Cboe Plans to Go Beyond Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) and Litecoin (LTC)

by Mikhailev
January 27, 2023
0

Alex Dovbnya Cboe made one other foray into cryptocurrency market following acquisition of ErisX Cboe International Market is willing so...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Top LTC Online Gambling Sites for 2022

Top LTC Online Gambling Sites for 2022

May 15, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Solana Looks to Sever Bankman-Fried Connection

Leaders Say Crypto’s New Year Ripe for Rebuilding 

January 27, 2023
Solana (SOL) and Chronoly.io (CRNO) By DailyCoin

Three Well-Known Altcoins That Traders Should Keep An Eye On By CoinEdition

January 27, 2023
Aave deploys V3 on Ethereum after 10 months of testing on other networks

Aave deploys V3 on Ethereum after 10 months of testing on other networks

January 27, 2023
Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

January 27, 2023

Recent News

Solana Looks to Sever Bankman-Fried Connection

Leaders Say Crypto’s New Year Ripe for Rebuilding 

January 27, 2023
Solana (SOL) and Chronoly.io (CRNO) By DailyCoin

Three Well-Known Altcoins That Traders Should Keep An Eye On By CoinEdition

January 27, 2023
Aave deploys V3 on Ethereum after 10 months of testing on other networks

Aave deploys V3 on Ethereum after 10 months of testing on other networks

January 27, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.