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Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: sneakyboi on November 14, 2020, 03:38:42 PM

Title: Litecoin short-term Price analysis: 14 November
Post by: sneakyboi on November 14, 2020, 03:38:42 PM

Litecoin short-term Price analysis: 14 November

The value of the cryptocurrency popularly dubbed “digital silver” received a boost after it climbed from $58 to $66 in a matter of hours. In fact, Litecoin‘s price, for a while, had been moving sideways on the charts, despite Bitcoin’s own rally. However, this trend changed over the past few days. While LTC’s market did face a wave of corrections soon after, the last few trading candles on the hourly chart did point to some bullish resistance.


(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/11/14121446/LTC-2.png)
Source: LTC/USD on TradingView

The cryptocurrency ranked 7th on CoinMarketCap’s charts was being traded at $64.40.

Learn more about the analysis here. (https://eng.ambcrypto.com/litecoin-short-term-price-analysis-14-november/)

Title: Re: Litecoin short-term Price analysis: 14 November
Post by: Paglamon on November 15, 2020, 03:28:09 PM

Litecoin trading candlesticks pointed to bullish resistance. I agree with that. Bitcoin prices were on the rise. The wave of rising bitcoin prices in the market was much higher. Along with this wave was Litecoin wave indication. The two coins were moving together. However, the bullish resistance wave in the market is noticeable. The current time is a bit down. But hopefully new high-rise waves will emerge very soon.