• Latest
5 Signals Litecoin Has Bottomed, Following In Line For New ATH

5 Signals Litecoin Has Bottomed, Following In Line For New ATH

März 24, 2021
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

5 Signals Litecoin Has Bottomed, Following In Line For New ATH

coinnewsdaily by coinnewsdaily
März 24, 2021
in Bitcoin
0
5 Signals Litecoin Has Bottomed, Following In Line For New ATH
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Mai 24, 2022
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Mai 23, 2022


Litecoin in the course of the previous cycle was as well known and hyped as other leading cryptocurrencies Bitcoin and Ethereum. This time about, nonetheless, the coin identified as electronic silver is not doing anyplace just about as nicely as its electronic gold counterpart or even other altcoins.

No matter what has been producing the lag guiding the relaxation of the market place, there are a number of indicators that the altcoin has bottomed and is the up coming cryptocurrency in line to set a new all-time substantial.

5 Specialized Indications That Stage To A Bullish Litecoin Revival

This bull market has been dominated largely by Bitcoin, Ethereum, and ground breaking new blockchain-based mostly technologies like DeFi and NFTs.

Between the year’s top rated performers, nowhere to be identified on that list would be Litecoin – an altcoin that in the course of the last bull market rose as furiously as Bitcoin, and peaked months ahead of Ethereum.

Similar Studying | Electronic Silver: Why Litecoin Is Poised To Bounce Compared to Bitcoin

During this cycle, Litecoin is lagging very well behind these other prime 10 property with major longevity. Although Litecoin has managed its situation inside of the best ten, it is ultimately at hazard of slipping out of it and is now rated in ninth spot total.

But just before that could come about, the altcoin could at last see a robust bounce in accordance to quite a few technicals.

A textbook illustration of an Adam and Eve base formation | Supply: LTCUSD on TradingView.com

To start with and foremost, on the rarely utilized six-7 days timeframe on LTCUSD the trading pair, Litecoin has accomplished just one of the technically cleanest Adam and Eve bottom formations in crypto.

The projected goal based mostly on the evaluate rule really should ship Litecoin to nearly double its preceding all-time large in just months at the time items do transform close to.

ltcbtc td 13

A TD 13 normally indicates a trend is reaching the maximum place of exhaustion | Supply: LTCBTC on TradingView.com

Switching to the LTCBTC buying and selling pair, quarterly timeframes are signaling that the brutal downtrend could be fully fatigued with a TD 13 and a sweep of previous lows.

Relevant Reading through | Altcoin Season 2021: Why Litecoin Could Teleport Like Dogecoin Did

A quarterly candle has never traded below the existing degree, building a reversal at this zone all the more likely.

Teleport

Did you know? RSI can also act as assistance and resistance for price motion | Supply: LTCBTC on TradingView.com

On monthly timeframes, the altcoin has been buying and selling in opposition to Bitcoin in a slipping wedge pattern, and just after four yrs of a bear market, ultimately touched down on RSI guidance.

At the similar time, Litecoin has fallen to aid courting back again to the 2017 bottom, just just before the altcoin commenced its prolonged, 4-year descent against the top cryptocurrency.

Adam and Eve

Is this the bullish signal Litecoin bag holders have been ready for? | Source: LTCBTC on TradingView.com

Zoomed in even more to weekly timeframes, a bullish divergence on the Relative Toughness Index has been developing given that all around mid-2020.

If the bullish divergence fails, Litecoin will set new lows versus Bitcoin. If verified, the reversal should really start very well into 2021 before the total cryptocurrency sector tops out when all over again.

litecoin versus bitcoin ethereum Litecoin is seriously lagging powering Ethereum and Bitcoin | Source: LTCUSD on TradingView.com

The point that Litecoin continues to be so significantly at the rear of Bitcoin and Ethereum, irrespective of reaching its all-time high in advance of the other two throughout the previous cycle, could reveal that the peak of the crypto industry is nowhere near.

Connected Looking at | This Litecoin Fractal States Time Is Functioning Out To Accumulate At Low Costs

When Litecoin does crack out against Bitcoin, it is traditionally just one of the biggest and most rewarding performs in crypto. But as price tag action has lately revealed, historical past doesn’t generally repeat.

When will Litecoin lastly shine once more?

Highlighted image from Deposit Photos, Charts from TradingView.com
Tags: AdamAdam and EveBitcoinReadingTeleport
Share76Tweet47
Previous Post

Bitcoin miners halt marketing, why it is bullish for BTC?

Next Post

Why Bitcoin Price tag Remains At Risk of Much more Losses Beneath $53K

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Top 3 cryptocurrencies that are faring the best in the 2022 bear market
Alt Coin

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Mai 24, 2022
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Alt Coin

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Mai 23, 2022
Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA
Alt Coin

Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA

Mai 22, 2022
Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance
Alt Coin

Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Mai 20, 2022
Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15
Alt Coin

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

Mai 19, 2022
Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Bitcoin

Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Mai 19, 2022
Load More
Next Post
Why Bitcoin Price tag Remains At Risk of Much more Losses Beneath $53K

Why Bitcoin Price tag Remains At Risk of Much more Losses Beneath $53K

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev