Litecoin (LTC) Price Analysis – December 19

Must Read

John McAfee’s Latest Tweet Has Some Interesting News for Everyone

John Mcafee had recently tweeted that he has made a telegram channel, and the channel has more info...

Fintech-Bank Hybrid: A New Front For The Finance Industry

Financial-tech LendingClub has made a ground-breaking announcement of acquiring “Radius” - Best Online Bank 2020( recently named by...

Grayscale Currently Holds Approximately 277,000 Bitcoin

Grayscale has been recently engaging in encouraging its investors to direct their investments to the crypto-sectors. This investment...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Yesterday, December 18, the LTC/USD pair was in a bullish pattern. On December 13, the cost of Litecoin tumbled to its low at a cost of $23.47. The bullish pattern started the next day and broke the 12-day EMA. The crypto achieved the high of $29.88. Be that as it may, it was opposed by the 26-day EMA. Today, the crypto’s cost is in a bearish trend. It is likely that Litecoin will discover bolster at its past low.

This is on the grounds that the general pattern is bearish.The 12-day EMA and the 26-day EMA are inclining southward. The crypto’s cost is beneath the 26-day EMA which tends to fall. On the upside, if value breaks the 26-day EMA, the bulls will confront opposition at the $0.35 value level.

On the 4-hour graph, the cost of Litecoin is in a bearish pattern. The cost of Litecoin was making a progression of higher highs and higher lows the earlier day. From the graph, the bullish pattern has been ended on the grounds that the value never again pursues the example of higher highs and higher lows. Also, when the pattern line is broken the present pattern is said to be switched.

In this way the LTC cost is relied upon to fall. In the mean time, the Stochastic is in the range underneath the 80% territory. This implies the Stochastic is out of the overbought locale and the groups are pointing descending showing a downtrend. It additionally implies that the LTC cost has a bearish energy and a move flag.

Hot News

John McAfee’s Latest Tweet Has Some Interesting News for Everyone

John Mcafee had recently tweeted that he has made a telegram channel, and the channel has more info about the new exciting thing...

Fintech-Bank Hybrid: A New Front For The Finance Industry

Financial-tech LendingClub has made a ground-breaking announcement of acquiring “Radius” - Best Online Bank 2020( recently named by Bankrate). LC has to pay...

Grayscale Currently Holds Approximately 277,000 Bitcoin

Grayscale has been recently engaging in encouraging its investors to direct their investments to the crypto-sectors. This investment played an important role in...

Philippines- A UAE Bank Partners Up With Ripplenet

RAKBANK has now partnered up with BDO Unibank to enhance its footprint in the Philippines. This new partnership will allow customers to transfer...

BitGrail Decides ‘not’ To Provide Compensation To Its Victims

A popular Italian Cryptocurrency exchange BitGrail issue a public statement. The liquidators have appropriately calculated the claim amounts of various applicants who were...

Chainlink is Growing a Very Optimsitic Rate but What is the Reason Behind It?

Chainlink has seen a large growth in the number of addresses which grew 4,300 addresses in the last week. LINK is getting more...

Fintech-Bank Hybrid: A New Front For The Finance Industry

Financial-tech LendingClub has made a ground-breaking announcement of acquiring “Radius” - Best Online Bank 2020( recently named by Bankrate). LC has to pay...

Grayscale Currently Holds Approximately 277,000 Bitcoin

Grayscale has been recently engaging in encouraging its investors to direct their investments to the crypto-sectors. This investment played an important role in...

Philippines- A UAE Bank Partners Up With Ripplenet

RAKBANK has now partnered up with BDO Unibank to enhance its footprint in the Philippines. This new partnership will allow customers to transfer...

BitGrail Decides ‘not’ To Provide Compensation To Its Victims

A popular Italian Cryptocurrency exchange BitGrail issue a public statement. The liquidators have appropriately calculated the claim amounts of various applicants who were...

RELATED NEWS

John McAfee’s Latest Tweet Has Some Interesting News for...

John Mcafee had recently tweeted that he has made a telegram channel, and...

Fintech-Bank Hybrid: A New Front For The Finance Industry

Financial-tech LendingClub has made a ground-breaking announcement of acquiring “Radius” - Best Online...

Grayscale Currently Holds Approximately 277,000 Bitcoin

Grayscale has been recently engaging in encouraging its investors to direct their investments...