Category: Litecoin

Litecoin Technical Analysis for 01/25/2016 – Important Pivot Zones

Litecoin has been trading in a directionless chop for the past three days, but if we take a closer look, we can see that price is actually bouncing between some very distinct technical areas. For example, the $3.06 area has propped up the market about five times since the 21st of January. And if we look back to January 16, it’s not hard to see why price is being supported …
[Read More]

Litecoin Technical Analysis for 01/09/2016 – Major Pivot Zone Broken!

The zone between $3.51 – $3.54 continues to be respected by the market. In my previous Litecoin technical analysis from last Tuesday, I speculated that pressure was mounting in the market due to the appearance of a triangle formation. Litecoin broke higher on Wednesday and managed to close above the massive resistance band between $3.51 – $3.54. And it seems that the market is now respecting this level once again, …
[Read More]

Litecoin Technical Analysis for 01/05/2016 – Pressure in the Market

  Litecoin is currently trading in a very tight range. The price band between $3.51-$3.53 has acted as resistance about five times during December of 2015.   The major pivot zone at $3.30 continues to act as support. Litecoin has not traded under this level since the beginning of December, so if the market breaks lower again, this level is very likely to act as support once again. Although the …
[Read More]

Litecoin Technical Analysis for 12/17/2015 – Triangle Pattern on 1h/2h/4h charts

I outlined the technical significance of the $3.75 pivot in my prior Litecoin analysis article, and it seems that this area is continuing to play an important role on the Litecoin charts. This zone has acted as support/resistance several times over the past few days. There is also another significant pivot that has developed since the big drop on December 11. The 1-hour chart shows that $3.65 has been used …
[Read More]