Where will the LTC Next encrypted catalyst come from?

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<p>  Fundamentally, Litecoin is on the upside and so far the currency is getting support from Swaplab, Yahoo Finance and is basically one of the coins that institutional investors watch, regardless of whether prices are falling compared to fundamentals and if yesterday's losses are linked, it seems that the bulls are slowing down, but this divergence between technicians and fundamentals could provide the much needed momentum for inversions in the coming weeks / months After all, the fundamentals precede the price moves </p>
<h2>  Highlights </h2>
<p>  There is a new wave of adoption that is spreading in the encrypted market and all this encouraging is a success right in the beautiful medium of a serious bear market To put things in perspective, the altcoin market – of which <strong> Litecoin </strong> is part of this statistic is an eye that s 95 percent high by ATH – and it could be worse. </p>
<p>  However, in the middle of all these deflated metrics, traditional financial firms are starting to lean towards the cryptic world. Perhaps they see an arbitrage opportunity that is still confusing from the retailer's point of view. After all, a recent PwC survey shows that institutional investors are now more interested in cryptocurrencies than ever before. In fact, out of 600 high-level managers in companies that generated over $ 1 billion in revenue, 84 percent said they had a blockchain project at work. </p>
<p>  So it is not surprising that Yahoo Finance is now exiting their encryption service in the United States. With this new service, customers can buy <em> Litecoin </em> and three other cryptocurrencies directly on the spot as long as their exchanges support TradeIt. The service is in "view mode" and there has been no official communication from Yahoo Finance about this latest development. </p>
<p>  What is positive about this is that it could give precedence to competitors. Cryptocompare is already collaborating with Reuters. In the agreement, the verifiable commercial data of 50 high cash coins must be infused into the platform of Eikon, Reuters, continuously providing institutional investors with a source of reliable information about the cryptic world, a sphere that is often misunderstood. </p>
<h2>  Litecoin (LTC) Technical Analysis </h2>
<h3>  Weekly Chart </h3>
<figure id=  Litecoin Technical Analysis (LTC)
Litecoin Weekly Chart for Trading View

On a weekly basis, Litecoin (LTC) is down 90% compared at the highs of 2017 and this is a profound retracement of any standard Needless to say, while prices are currently testing the historical lows many are waiting for inversions and momentarily, it seems that Litecoin's bears are slowing down giving a chance for buyers to do a return.

However, judging by the way prices are set and the general candlestick – from a top-down approach, bears are far from slowing down and for the bulls to turn, then we have to see a strong involvement of bulls characterized by high volumes of trade and price peaks from current levels.

I see it. Instead, prices are actually consolidating along a narrow $ 10 within the week ending August 12 on high low. Therefore, before we decide to add long, buyers must first exceed $ 70, our previous support now the resistance.

Daily Chart

  Litecoin (LTC) Technical Analysis
Litecoin Daily Chart by Trading View

could be on a recovery path that moves in the last 10 days, but from a technical point of view, we have need strong signals before recommending swing, conservative operations.

This is why we suggest abandoning the long ones and assuming a temporary neutral position. As evidenced in our latest technical analysis of Litecoin, what we need is a breakout and closes above $ 70 before buying on dives with targets at $ 90 and $ 110. The downside, any bending below $ 50 invalidate our bullish forecast and in this case the bears should point to $ 30.

Disclaimer: This is not an investment advice and opinions represent that of the author. Do your research before making an investment decision.

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