Litecoin Price Analysis: Litecoin (LTC) Shows Price Swings in Last 24 Hours

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  • shows five huge swings in the last 24 hours in the range of 4% and 7%.
  • The next resistance point is likely to be around 93 USD.

Litecoin is one of the major coins on the side of , attracting a huge number of investors. In the past few days, the coin has successfully avoided volatile swings. Over the past 24 hours, it has managed to grow by a slight margin. Here is an of Litecoin’s price movement of last 24 hours to help the short-term traders to reorient their investment strategies. The medium-term outlook of Litecoin is bullish, and it may reach 200 USD by the end of 2019. Let us look at the current details of the coin now.

Litecoin Price Statistics-

Litecoin Price PredictionLitecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC) 16th July 04:25 UTC
Rank 4th
ROI (Return on Investment) 1,978.17%
Coin Circulation 62,684,662 LTC
Market Cap 5,603,968,421 USD
Value in USD 89.01 USD
Value in 0.00833560 BTC
24h Volume 3,178,262,865 USD

LTC to USD Price Comparison-

Over the last 24 hours, Litecoin has shown five major price swings. The first swing was a fall of 4.99% over 2 hours and 16 minutes from 00:02 UTC. It was soon followed by a hike of 4.77 USD or 5.60%. This hike happened between 02:18 UTC and 03:28 UTC. It was again followed by a steep fall of 4.01% over the next 9 hours and 24 minutes. This steep fall happened between 03:28 UTC and 12:52 UTC. The next swing was a hike of whopping 7.73% between 12:52 UTC and 16:00 UTC. This hike added 6.67 USD to the value of Litecoin. The final swing was a fall of 4.66% that happened over 10 hours and 53 minutes from 16:00 UTC. This fall cost the coin 4.33 USD. These are the five price swings of Litecoin, all in the range of 4% and 7%.

LTC Price -

The medium-term outlook of Litecoin is bullish, and the target for 2019 should be 200 USD. The next resistance points are 93.806 USD, 96.693 USD, and 100.756 USD. The support levels are 86.85666 USD, 82.793 USD, and 79.906 USD.

Conclusion-

Litecoin will take its own time to see a price rally. But in the long-term, the coin will give huge returns.

https://www.cryptonewsz.com/litecoin-price-analysis-litecoin-ltc-shows-price-swings-in-last-24-hours/31766/


Source: cryptoassethome
Litecoin Price Analysis: Litecoin (LTC) Shows Price Swings in Last 24 Hours

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Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery

  • started a decent upside correction after trading as low as $9,784 against the US Dollar.
  • The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery.
  • Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the /USD pair (data feed from Kraken).
  • The price is now facing a strong resistance near the $11,000 and $11,100 resistance levels.

Bitcoin price started a strong recovery above $10,500 against the US Dollar. However, BTC is still struggling to settle above $11,000 and it resume its decline in the near term.

Bitcoin Price

Recently, we saw a significant decline in bitcoin price below the $11,000 support against the US Dollar. The BTC/USD pair also spiked below the $10,000 support and settled below the 100 hourly simple moving average. A new monthly low was formed near $9,784 and the price recently started an upside correction. There was a strong upward move above the $10,300 and $10,500 resistance levels.

Moreover, the price traded above the 23.6% Fib retracement level of the last key drop from the $11,923 high to $9,784 low. Additionally, yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair. The pair even spiked above the 50% Fib retracement level of the last key drop from the $11,923 high to $9,784 low.

However, the price struggled to hold gains above the $11,000 resistance level. It seems like the $11,100 level and the 100 hourly SMA acted as a hurdle. Besides, the 61.8% Fib retracement level of the last key drop from the $11,923 high to $9,784 low also prevented gains. At the moment, the price is correcting gains below the $10,900 level. It seems like there is a breakout pattern forming with resistance near $11,100 on the same chart.

If there is a successful close above the $11,100 resistance and the 100 hourly SMA, there could be a convincing upward move towards the $11,500 resistance. Conversely, if there is no close above $11,000 and $11,100, the price is likely to resume its slide in the near term.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is clearly facing a strong resistance near the $11,000 and $11,100 levels. As long as the price is below $11,100 and the 100 hourly SMA, the bears remain in control. Therefore, BTC is likely to resume its downward move.

Technical indicators:

Hourly MACD – The MACD is about to move back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD settled above the 50 level, but it lacking momentum.

Major Support Levels – $10,500 followed by $10,000.

Major Resistance Levels – $11,000, $11,100 and $11,500.

The post Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery appeared first on NewsBTC.


Source: newsbtc
Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery

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Bitcoin Price On The Mend After 17% Weekend Correction

Bitcoin Price On The Mend After 17% Weekend Correction

This article was originally posted on The News – a trusted site covering numerous topics related to since 2012. After a 17% pullback […]
Source: cryptonewsmonitor
Bitcoin Price On The Mend After 17% Weekend Correction

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Bitcoin Price On The Mend After 17% Weekend Correction

bitcoin price picking up after drop

After a 17% pullback bulls appear to be fighting to retake $11000 but will they succeed?


Bitcoin Price In Bullish Uptrend

On Monday Bitcoin price reversed course and added 12.5% as an attempt to make up for the weekend’s steep 17% drop from $11,500. The sell-off appeared to be the result of exhausted buyers losing steam after the second rejection at $13,215 and many traders openly expressed concern than Bitcoin’s weekly close was in peril have accelerated selling.

From a short-term perspective, it appears that Bitcoin was in dire straits but a glance at the daily and weekly chart tells a slightly different story.  Scott Melker, a crypto trader at Txwestcapital, tweeted a series of charts which according to him show Bitcoin resting comfortably in a bullish uptrend. In the tweet, Melker reminds traders that is still above $10000 and this is still three times above the February 2019 bottom. 

Considering that Bitcoin has been in a parabolic trend since April, a strong pullback was clearly on the cards and Melker says that observing BTC’s price action on a wider time frame should put traders at ease. 

Take the Bird’s Eye View Of The New “Bull Market”

Crypto trader Hannes Gruschinski appears to concur with Melker and his recently posted Bitcoin price log chart shows what he describes as the “beginning of a new bull market.” Gruschinski claims that for the 3rd time in its trading history the 200 DMA is overtaking the 350 DMA which signals the start of a new long-term uptrend. 

bitcoin price bullish log chart

According to Gruschinski’s chart, Bitcoin could max out around $30,000 before sharply retracing in preparation for the halving in May 2020. While there were some who disagreed with the chart, Fundstrat lead analyst Thomas Lee commended Gruschinski for his accuracy and appeared to endorse the chart and its conclusion. 

After a nearly $1,000 bounce, Bitcoin currently trades at $10,800 after topping out at $11,032 on Coinbase. It’s likely that BTC will need to pull back to $10,500 – $10,600 over the next 12 hours before attempting to move higher. A move above $11,500 would confirm a double bottom reversal and likely see bulls attempt to re-enter the $12,000 to $12,500 range. 

Do you think the Bitcoin price will reach $20,000 before the end of 2019? Share your thoughts in the comments below! 


Images via Shutterstock, Tradingview, Twitter: @scottmelker, @fundstrat

The post Bitcoin Price On The Mend After 17% Weekend Correction appeared first on Bitcoinist.com.


Source: bitcoinist
Bitcoin Price On The Mend After 17% Weekend Correction

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Ripple Price (XRP) Trading Near Make-or-Break Levels

  • found support near $0.2960 and recently recovered higher against the US dollar.
  • The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area.
  • The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the /USD pair (data source from Kraken).
  • The price must gain strength above $0.3200 and $0.3230 to continue higher in the near term.

Ripple price is slowly recovering against the US Dollar, while gained nearly 8%. XRP price is now facing a strong resistance near $0.3230, above which it continue higher.

Ripple Price

Yesterday, we saw a sharp decline in bitcoin and Ethereum, pushing ripple price below $0.3200 against the US Dollar. The XRP/USD pair even spiked below the $0.3000 support and settled below the 100 hourly simple moving average. A new swing low was formed near $0.2960 and the price recently started an upside correction. It managed to move above the $0.3040 and $0.3050 resistance levels.

Moreover, there was a break above the 23.6% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low. However, the price is facing a strong resistance near the $0.3200 and $0.3210 levels. Additionally, the bulls struggle to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair.

The 50% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low is also near the $0.3230 level to act as a strong resistance. Above $0.3230, the 100 hourly SMA is positioned near the $0.3250 level. Therefore, the bulls are likely to struggle to gain strength above $0.3230 and the 100 hourly SMA. Should there be a successful close above $0.3230 and the 100 hourly SMA, ripple price could recover towards the $0.3500 level.

On the other hand, if the price fails to gain above $0.3200 or $0.3230, it could resume its decline. An immediate support is near the $0.3100 level, below which the price could test the $0.3000 support area.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is currently trading near a crucial resistance at $0.3200-0.3230. It could either continue higher above $0.3230 and $0.3250 or start a fresh decline towards $0.3000. Should there be a downside break below $0.3000, the price may perhaps decline towards the $0.2850 support level in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is likely to move back into the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.

Major Support Levels – $0.3100, $0.3000 and $0.2950.

Major Resistance Levels – $0.3200, $0.3230 and $0.3250.

The post Ripple Price (XRP) Trading Near Make-or-Break Levels appeared first on NewsBTC.


Source: newsbtc
Ripple Price (XRP) Trading Near Make-or-Break Levels

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Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery

  • traded as low as $212 and recently corrected higher against the US Dollar.
  • The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone.
  • There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair resume its slide if it struggles to clear the $240 resistance area in the near term.

price is slowly recovering versus the US Dollar, along with bitcoin. ETH price is likely to face a lot of hurdles near the $240 and $242 resistance levels.

Ethereum Price

Recently, we saw a sharp decline in , Ethereum, ripple and other major altcoins against the US Dollar. ETH/USD even broke the $240 and $230 support levels. The pair traded close to the $210 level and settled well below the 100 hourly simple moving average. A swing low was formed near the $212 level and the price recently started an upside correction.

More importantly, bitcoin price gained nearly 8%, sparking a recovery in ETH above the $220 resistance. Moreover, the price broke the 23.6% Fib retracement level of the last key drop from the $270 high to $212 low. It even traded above the $230 level, but struggled to clear the $235 resistance. At the outset, there is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD.

The channel resistance is also near the 50% Fib retracement level of the last key drop from the $270 high to $212 low. Therefore, the price is likely to face a strong resistance near the $240 area. A successful close above the $240 resistance may push the price towards the $250 and $255 levels. The 100 hourly SMA is also positioned near the $255 level and a bearish trend line on the same chart to act as a resistance.

Conversely, if there is no upside break above the $240 resistance, the price may resume its slide. An immediate support is near the $225 level, below which it could test the $220 level. If there are more losses, the price could revisit the $212 swing low in the near term.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price is slowly recovering, but there are many hurdles on the upside near $235, $240 and $255. Therefore, sellers remain in action in the short term unless the bulls gain strength above $240 and $255.

ETH Technical Indicators

Hourly MACDThe MACD for ETH/USD is currently losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD failed to stay above the 50 level and is currently moving lower.

Major Support Level – $220

Major Resistance Level – $240

The post Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery appeared first on NewsBTC.


Source: newsbtc
Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery

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Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings

is under pressure ahead of U.S. congressional hearings on Facebook’s Libra cryptocurrency on July 16 and 17. But what happens next?
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