• Latest
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 29

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 29

März 29, 2019
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 Litecoin

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 29

coinnewsdaily by coinnewsdaily
März 29, 2019
in Litecoin
0
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 29
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Related articles

Litecoin confidential transactions spook Korean exchanges

Litecoin confidential transactions spook Korean exchanges

Mai 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Mai 22, 2022

Japan is moving towards regulated crypto exchanges. The Japanese financial regulator, the Financial Services Agency (FSA), has recently approved two entities to begin operations in April. Currently, only about 14 percent of the total 216 crypto exchanges around the world are licensed by regulators, according to the latest report by startup firm Coinfirm.   

Russian billionaire Vladimir Potanin is looking to create a cryptocurrency token backed by palladium that will improve the ease of transactions. The tokens will be traded through a Switzerland-based palladium fund. Similarly, blockchain-enabled diamond exchange Cedex will start operations by trading about 6,000 diamonds worth over $50 million. Another blockchain trust company Paxos wants to tokenize gold and expects to start operations this year.

Many cryptocurrency investors are first-timers who have no experience with other asset classes. To tap into this set of investors who want to own some equity exposure, decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release USStocks, a token tied to the U.S. stock markets.

Blockchain and cryptocurrencies are attempting to make a difference in the way traditional assets are traded. If successful, it will be a bullish move for the nascent asset class. The recovery in crypto markets continues. Let’s see which major coins look strong.

BTC/USD

Bitcoin (BTC) has continued its journey toward of the overhead resistance of $4,255. The bulls have been struggling to scale this level since last December, hence, this is a major hurdle to watch out for.

If the digital currency breaks out and closes (UTC time frame) above $4,255, it will complete a double bottom. This reversal pattern increases the probability of a new uptrend that has a minimum target objective of $5,273.91.

Both the moving averages are sloping up gradually and the RSI is in the positive zone. This shows that the buyers have the upper hand but the current up move lacks momentum.  

Contrary to our bullish view, if the BTC/USD pair fails to ascend $4,255, it will remain stuck in the large range of $4,255–$3,236.09 for a few more weeks. After a sharp bear market, the bottoming formation is likely to take a long time. The longer the base, the stronger the eventual breakout from it will be.

However, if the pair breaks down of $3,236.09, it will sour sentiment and can result in a waterfall decline. For now, traders can keep the stop loss on the long positions at $3,500. We shall soon trail the stops higher.

ETH/USD

Ethereum (ETH) is attempting to break out above the overhead resistance at $144.78. It has turned down from this level thrice in the past one month. Hence, this level assumes significance.

Litecoin

If the bulls push above the resistance at $144.78, the ETH/USD pair can quickly rally to $167.32. The pair might face a strong resistance at this level. Hence, we might tighten the stops when the price reaches $167.32.

On a breakout and close (UTC time frame) above $167.32, the digital currency will complete an ascending triangle pattern. This bullish set up has a target objective of $251.64.

Our bullish view will be invalidated if the price breaks below the uptrend line. The traders can keep the stops on the remaining long positions at $125

XRP/USD

Ripple (XRP) continues to trade near the moving averages. Both the averages are flat and the RSI is just below the midpoint. This points to a balance between the buyers and the sellers.

Litecoin

The balance will tilt in favor of the bulls if the XRP/USD pair breaks out and closes (UTC time frame) above $0.33108. Just above this level is the resistance line of the descending channel. On rising above both these resistances, we expect the trend to change. The ensuing rally can reach $0.60 in the medium-term.

Conversely, if the bears sink the digital currency below $0.27795, it can plummet to the yearly low of $0.24508. We do not find any reliable buy setups at current levels; hence, we are not suggesting any trade in it.

EOS/USD

EOS has reached the critical overhead resistance of $4.4930 from where it had reversed direction on Feb. 24. Currently, the bulls are attempting to break out of the resistance. If successful, the digital currency can move up to $5.8370.

Litecoin

Both the moving averages are sloping up and the RSI is close to the overbought zone. This suggests that the bulls are in command and a breakout is likely. Still, as the price has reached a critical level, we suggest traders trail the stops on the remaining long positions to $3.70. We shall raise the stops again in a couple of days.

Contrary to our expectation, if the EOS/USD pair again reverses direction, it can fall to $3.8723, which should act as a strong support. The 20-day EMA is also close to this level, hence, this level assumes significance. The momentum will weaken if the price sustains below the 20-day EMA.

LTC/USD

Litecoin (LTC) has been consolidating near the highs for the past 13 days. This is a positive sign as it shows that the bulls are not booking profits yet because they anticipate higher levels. The digital currency will extend the recovery if it breaks out and closes (UTC time frame) above $61.9044. Following the breakout, a quick move to $69.2790 is probable.

The upsloping moving averages indicate that the path of least resistance is to the upside. However, the bearish negative divergence on the RSI can play spoilsport.

Litecoin

A breakdown of the uptrend line of the developing wedge pattern is the first sign that momentum is waning. The first support on the downside is the 50-day SMA, below which the  LTC/USD pair can decline to $47.2460. Hence, please keep the stop loss on the remaining long positions at $55.

BCH/USD

Bitcoin Cash (BCH) has broken out of $163.89 but might face some resistance at $177.30. If the bulls scale above this resistance, it will complete a rounding bottom pattern that has a target objective of $222.78–$249.60.

Litecoin

Both the moving averages have started to trend up and the RSI is close to the overbought zone. This suggests that the bulls have a slight edge. The BCH/USD pair has a history of vertical rallies, hence, we recommend holding the long positions with the stops at $140. The pair will weaken below $125.88 and will turn negative below $105.

BNB/USD

Binance Coin (BNB) is currently consolidating in the $15.63–$18 range for the past four days. This is a positive sign, as this confirms that the bulls are holding on to their long positions even at the critical overhead resistance of $18. Both the moving averages continue to trend up and the RSI is close to overbought territory.

Litecoin

A breakout and close above the overhead resistance of $18 can carry the BNB/USD pair toward lifetime highs. This will be a big sentiment booster, as this will confirm that the recovery is on track and select digital currencies have started a bull market of their own.

But if the pair turns down from $18, it can correct to the 20-day EMA, below which the drop can extend to the 50-day SMA. Therefore, we suggest traders protect their remaining long positions with the stops at $15.

XLM/USD

Though Stellar (XLM) has been trading above the 20-day EMA for the past two days, it is yet to pick up momentum. This shows a lack of demand at higher levels.

Litecoin

If the XLM/USD pair does not move up within the next couple of days, it is likely to break below the 20-day EMA once again and drop to the uptrend line. This is a critical support, below which the trend will turn negative.

Contrary to our assumption, if the pair moves up sharply from the current levels, it can reach $0.13250273. If this level is scaled, the next level to watch is the long-term downtrend line, which is a major resistance. For now, traders can retain the stops on the long positions at $0.08.

ADA/USD

Cardano (ADA) has continued to move up towards its second target objective of $0.080. Both the moving averages are sloping up and the RSI is close to the overbought zone. This shows that the bulls are in command.

Litecoin

Traders can book partial profits closer to $0.0750 and trail the stops on the remaining long positions to break even. It is always a good idea to book partial profits and reduce the risk because many times, the trade can turn around in a jiffy and, turn a profit into a loss.

After booking partial profits, the remaining positions can be trailed with a loose stop loss that will give some wiggle room to the ADA/USD pair. We shall watch the resistance zone of $0.080–$0.094256 closely before deciding the next move.

Our bullish view will be invalidated if the pair reverses direction sharply from the current levels and plunges below $0.051468.

TRX/USD

Tron (TRX) has broken out of the 20-day EMA and is currently at the downtrend line. A breakout of this resistance will propel the digital currency to $0.02815521. If the price sustains above $0.02815521, it is likely to start a new uptrend. Therefore, we might suggest long positions on a breakout and close (UTC time frame) above $0.02815521.

Litecoin

On the other hand, if the TRX/USD pair turns down either from the downtrend line or $0.02815521, it will remain range-bound for a few more weeks. The flat moving averages and RSI just above the midpoint suggest an equilibrium between the buyers and sellers. The trend will turn negative on a breakdown and close below $0.01830. Until then, volatile range-bound action will continue.

 

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

‚Big Four‘ Consulting Firms Dominate Blockchain Jobs Market, Says Indeed

Next Post

Justin Sun Draws Heat From Tron Fans for Waffling on Promised Prizes

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

Litecoin confidential transactions spook Korean exchanges
Litecoin

Litecoin confidential transactions spook Korean exchanges

Mai 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21
Litecoin

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Mai 22, 2022
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
Litecoin

Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

Mai 19, 2022
meta to launch metaverse hardware store, elon musk buys twitter for $44b and apecoin pumps to new highs: hodler’s digest, april 24 30
Litecoin

Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

Mai 5, 2022
Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Load More
Next Post
Justin Sun Draws Heat From Tron Fans for Waffling on Promised Prizes

Justin Sun Draws Heat From Tron Fans for Waffling on Promised Prizes

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