The Golden Cross for Litecoin is confirmed – Is LTC heading into a bullish period?
Litecoin has hit a Golden Cross — the holy grail of bullish technical analysis indicators. This has happened as the rest of the market struggles following the collapse of FTX. But even with a Golden Cross, can traders count on a Litecoin bullrun?
Litecoin Price Analysis – Golden cross forms as on-chain activity blooms
Technicals indicators for the LTC/USD pair show bullish trend metrics with the spot price above both the daily 200-day EMA and the daily Cloud. Fundamental indicators have begun to increase over the past few months after remaining stagnant for the prior two years.
Litecoin Price Analysis – Technicals bearish despite increasing hash rate
Technicals for both the LTC/USD and LTC/BTC pairs remain bearish after the historically negative day across all crypto markets on March 12th.
Data Snippet – Price targets for the next Litecoin bull run
Evaluating price discovery levels on a day-to-day basis can be difficult. Mapping out key levels of resistance in advance of any bullish price run can prevent shoot-from-the-hip decision making from creating a poorly planned trade.
Litecoin Price Analysis – Technicals remain strongly bearish
Technicals for both the LTC/USD and LTC/BTC pairs remain bearish after a historically negative day across all crypto markets on March 12th.
Atari partners with the Litecoin Foundation
The well-recognized brand and entertainment producer, Atari, has announced a partnership with the Litecoin Foundation, the non-profit organization formed to promote the awareness and adoption of the decentralized cryptocurrency, Litecoin (LTC).
Litecoin Price Analysis – Technicals remain bearish while fundamentals continue to stagnate
Technicals for both the LTC/USD and LTC/BTC pairs remain bearish as fundamentals show on-chain activity continuing to slow over the past two years.
Litecoin Price Analysis – Historic drop lingers
Technicals for both the LTC/USD and LTC/BTC pairs have flipped bearish after a historically negative day across all crypto markets.
Litecoin Price Analysis – Golden Cross not supported by on-chain metrics
Technicals for the LTC/USD pair have flipped bullish for the first time since June 2019. However, on-chain activity has slowed over the past two years.
Litecoin Price Analysis – Bullish trend on the horizon
Technicals for the LTC/USD pair have flipped neutral for the first time since July 2019. Trend metrics including the 200-day EMA and Cloud show the possibility for an imminent bullish reversal. Significant near term support sits between US$50 to US$60, based on the historic volume profile.
Litecoin Price Analysis – A rare protocol upgrade
Developer activity on the main Github repo has been nearly non-existent over the past year, although a Litecoin Improvement Protocol for Extension Blocks and MimbleWimble was recently released. Together, these changes would allow for a soft fork enabling private transactions and increased coin fungibility.
Litecoin Price Analysis – Mining profitability near all-time lows
Fundamentals show on-chain activity continuing to maintain the same range over the past few months, while hash rate reached a plateau leading into the halving and is now experiencing a greater than 50% reduction as mining profitability sits at all-time lows.
Litecoin Price Analysis – Bearish price action likely
Technicals for the LTC/USD pair remain bearish after the exuberant bull run leading in to the block reward halving. With a Death Cross and bearish Cloud metrics on the daily, LTC likely has further bearish price action ahead.
Litecoin Price Analysis – Block reward halving welcomed with a death cross
Fundamentals show that on-chain activity has also continued to decrease after the block reward halving earlier this month.
Crypto’s fungibility problem
The FATF's new ‘Travel Rule’ has resurfaced old concerns about the fungibility of digital assets backed by open, decentralized blockchain networks.
Digital silver under attack
Litecoin's recent halving was a big day on the crypto calendar, but the event has only served to put the coin under scrutiny after private chats were leaked suggesting that development progress has stalled.
