litecoin (LTC) Análisis de precios: A los dobles fondos poner en marcha la recuperación litecoin

Other than ETH which is up 13 por ciento, Litecoin remains the last 24 hours top performer adding 12 por ciento. The result is that morning star pattern and rejection of bears at Aug 2018 mínimos en torno $45-$50. Going forward, we suggest small size Litecoin buys for risk off traders with first targets at $70. Después, conservative traders can pick up longs should buyers close above it.

A partir de la Noticias

Aside from the slide in Litecoin’s market cap, there are many developments that are supportive of Crypto—in the long run since the effect isn’t conditioned to be immediate. Spearheading this is Bittrex, the Seattle based cryptocurrency exchange and the 23rd most liquid exchange in the world. In recent days, they have been making headlines for all the right reasons.

Through a tweet, the company said they shall be supporting LTC/USD and TRX/USD pairs beginning Sep 17 and only eligible accounts set up before Sep 4 are free to trade. Accordingly, this should buoy market participants and respective communities more so because this is a US exchange meaning there are options for LTC to benefit from extra liquidity as new investors swarm in from different states where Bittrex allow fiat trading. Remember, in their earlier announcement during the launch of ADA/USD and ZCash trading pairs, their priority was to improve quality of service and create additional channels for crypto investments.

In complementing news, Litecoin developers are keen on expanding and diversifying the number of secure/convenient wallets. One such idea is the creation of a web wallet that not only is easy to use but safe enough to protect user stash. It’s daring but still, if developers pull through then mass adoption would pick up since merchants and traders alike would have a trusted web wallet with Litecoin developers backing.

litecoin (LTC) Análisis técnico

Gráfico semanal

litecoin (LTC) Análisis técnico

Litecoin gráfico semanal de comercio Ver

As the week comes to an end, Litecoin prices are stabilizing and likely to recover going forward. Notice that on a week to week basis, LTC is stable and up one percent. The end result is a clear rejection of bearish attempts pushing prices above $50.

What we have in the weekly chart is a pin bar with a long lower wick hinting of higher highs in lower time frames. Though this is driving back prices towards a consolidation, we suggest exiting LTC sell trades. Consequently, risk-on traders should adopt a neutral stand. The only time longs would be activated is once there is a conclusive LTC break and close above $70, our immediate resistance line.

gráfico diario

litecoin (LTC) Análisis técnico

Gráfico litecoin diario por Trading Ver

Building on yesterday’s high-volume pin bar is a bullish engulfing candlestick reversing from $50, a support line. What’s significant in this is not the trade range but the level of participation. There is a follow through of Sep 12 bullish attempts. The result is a three-bar bullish reversal pattern, the Morning Star.

Si algo, aggressive traders can buy LTC on pull backs in lower time frames with stops at Sep 12 mínimos en los $45 and first targets at $70.

Renuncia: Puntos de vista y opiniones expresadas son las del autor y no son un consejo de inversión. La negociación de cualquier forma implica un riesgo y así hacer su debida diligencia antes de tomar una decisión comercial.

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Fuente: Newsbtc