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3 Short-term Litecoin Price Predictions – 2018 Week 49 Edition

When it comes to predicting future cryptocurrency prices, there is no real indication as to which way the markets will swing. While that is usually problematic, it also creates some interesting options. The following three Litecoin price predictions show things are not looking good, but things can still get worse from here on out. At the same time, now is a time to become slightly bullish, depending on one’s outlook.

The Litecoin Winter Trend Resumes

LTC winter is here by mcerezci on TradingView.com

Although winter has been coming for many years in the Game of Thrones series, it is now in full effect in the cryptocurrency industry as well. For Litecoin, it seems the current winter season can prove to be a rather nasty one. If the chart by Mcerezci is any indication, there is a good chance the Litecoin price will drop as low as $22 in the coming week and a half. That would be a very problematic trend, for many different reasons.

According to this particular LTC chart, the $30 level is a key support. Assuming the price remains below this price, a further decline would appear more than warranted. There are other key support levels near $27.72 and $25.42, but those can easily be broken if push comes to shove. A bullish breakout, while unlikely according to this trader, could occur if LTC breaks $37 again.

Short Despite Rising Network Value Transacted

Litecoin Volume Buffs Up. What’s Next? by CryptoComes on TradingView.com

A very peculiar trend has begun to materialize in the Litecoin department. Over the past week or so, a lot more value has been transacted over the Litecoin network on a daily basis. That is a positive sign first and foremost, as it would usually indicate people are using LTC more to pay for goods and services. However, this doesn’t necessarily warrant a bullish outlook on the Litecoin price, according to CryptoComes.

Instead, it seems more likely the LTC price will continue to fall. If the $27 range is broken in a bearish manner, there will be a drop to $25.32 in quick succession. If the trend remains somewhat stable, however, there is a good chance the price can jump to $35 again in the days to come. A strong recovery to $40 is still out of the question right now, but there is some reason for minor optimism under these current circumstances.

Short-term Bullish Momentum?

LTC Short term bullish. by gamagg on TradingView.com

A very interesting and contrarian chart is provided by Gamagg, who is confident things will turn around for Litecoin sooner rather than later. More specifically, his chart looks pretty interesting regardless of how one wants to look at it. The current Litecoin price resistance seems to be near the $30.6 mark. A successful break of this line will push the value to a maximum of $38 in the coming days, which means it will still fall short of the $40 target so many traders are hoping for.

The big question is what would make such an uptrend materialize over the coming days. Similar to most altcoins, Litecoin’s price momentum mainly relies on Bitcoin’s trends. Right now, that doesn’t seem too promising whatsoever, although there can always be a short-term upward break first and foremost. For this chart to come true, something interesting will need to happen soon, but that seems not necessarily plausible at this time.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

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Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses

Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900 and $0.2880 supports. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650. Ripple Price Analysis There was a decent base formed near $0.2920 in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.3000 resistance area. However, buyers struggled to clear the $0.3090-0.3100 resistance. As a result, the price declined below $0.3020 and the 100 hourly simple moving average. The price retested the $0.2920 support area, which is currently protecting further losses. An initial resistance is the $0.3000 level and the 23.6% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. The stated $0.3000 level also coincides with the 100 hourly SMA. Above $0.3000, there is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $.3090 high to $0.2924 low. Therefore, the price is likely to struggle near $0.3000 and $0.3020 if it corrects higher. Above $0.3020, the next key resistance is at $0.3090-0.3100. Looking at the chart, ripple price remains at a risk of a sharp decline if there is a break below the $0.2900-0.2880 support area. The next main support below $0.2800 is near the $0.2650 level where buyers may emerge. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level. Major Support Level – $0.2900 Major Resistance Level – $0.3020 The post Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses appeared first on NewsBTC.

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