litecoin [LTC/USD] Technical analysis: Christmas arrives early for the Litecoin community


While 2018 is coming to an end, the price of Litecoin seems to be bullish as a break appears to occur in the shorter amount of time an hour, and Charlie Lee's "flapping" prediction came true before the end of the # 39; year.

Litecoin has experienced an increase of over 15% in the last 48 hours and prices at the time of writing were trading at $ 28.37 while market capitalization has increased and is currently ~ 1.7 billion.

The 24-hour trading volume is stable at $ 515.17. DOBI Trade exchange provides nearly 17% of total trading volume with LTC / BTC trading pairs.

1 hour

Source: TradingView

Litecoin's bullish trend materialized and extended from $ 23.54 to $ 28, while the downtrend lost its range from $ 33.90 to $ 28.27. Litecoin managed to overcome the broken support at $ 22.77 and set up a new support for $ 22.43. The points of resistance are seen at $ 26.31, $ 29.70, $ 31.73 and $ 35.29.

The Parabolic SAR the markers are formed under the candles with a significant distance between them which indicates an uptrend for Litecoin.

The MACD The indicator shows a bullish upward crossover since the MACD line passed the signal line on December 15th.

The Awesome Oscillator shows positive signs as the indicator has undergone a bullish crossover since December 16 and has managed to stay above the zero line.

1 day

Source: TradingView

There is no uptrend in the one-day chart as of now, but the downward trend extends from $ 125 to $ 28, with prices up to $ 22.84. Strength points can be seen pending at $ 101.11 for $ 62.63.

The Aroon the indicator shows a negative downtrend still under control of Litecoin markets as the Aroon bottom line has reached line 100 and is slowly dropping. The Aroon line has stabilized on the zero line, exhausting all its bullish power.

The Chaikin cash flow indicates that sellers still have control of the Litecoin market, while buyers are trying to overwhelm sellers.

The Relative strength indicator it is climbing faster from the depths of the oversold zone to a neutral position and to the overbought zone.


The character of an hour is illuminated in green with all the indicators [SAR, MACD, and Awesome Oscillator] indicating a possible run for Litecoin. The diagram of an hour, however, seems confusing as Aroon and CMF show a bearish aura around Litecoin, but RSI shows that buyers have increased in the market and LTC has reached the 50 line.

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Akash is your usual Mechie with an unusual interest in encryption and day trading, ergo, a full-time AMBCrypto journalist. He holds XRP because of peer pressure, but otherwise he found a day of trading with that little capital he owns.

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