• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Opinion / Market Analysis / Litecoin [LTC] Could Eye $120 As Bulls Continue To Graze In Its Market
Litecoin

Litecoin [LTC] Could Eye $120 As Bulls Continue To Graze In Its Market

December 19, 2020 by Sahana Kiran

The entire crypto market was painted green with almost every coin recording a surge. Litecoin [LTC], Binance Coin [BNB], Polkadot [DOT] as several others were seen on an uphill journey. Bitcoin was once again seen trying to break its recently achieved all-time high of $23,6642.66. During press time, the king coin was trading for $23,130.05. After achieving exponential growth throughout the week, XRP was seen taking a break as it was dwelling with the bears.

Litecoin [LTC] was undoubtedly in sync with Bitcoin’s price movement. The digital silver turned several heads after surging past $100. At the time of writing, the asset was trading for $112.88 with a 4.01% surge over the last 24-hours. LTC was the star of the latest bull run as it managed to bag gains of over 48.22% in the course of the past week.

Litecoin [LTC] One Hour Price Chart

Litecoin

The one hour price chart of Litecoin [LTC] had formed a symmetrical triangle pattern. The pattern was laid out by an upper trend line which consisted of lower highs at $112.05, $110 as well as $108.91. This was followed by higher lows at $102.50, $105.52, and $105.71 formulating the lower trend line. The direction of breakout during this pattern is usually uncertain, however, the indicators used in the chart revealed the fate of the asset.

The daily moving average indicator pointed out a bullish sentiment in the LTC market. The 50 daily moving average [Blue] was seen lounging above the 100 daily moving average [Red]. This crossover is noted to be a bullish one.

Litecoin [LTC] With Key Indicators

Litecoin

In the price chart of Litecoin, all the indicators were pointing towards the bulls. LTC seemed to be packing for a long journey uphill. The Bollinger Bands indicator suggested an increase in volatility as the bands were seen diverging after a brief convergence. The MACD indicator also underwent a bullish crossover like the daily moving average. The MACD line was seen climbing above the signal line after its stay below the signal line for quite a while.

Filed Under: Market Analysis, Altcoin News, News Tagged With: Litecoin (LTC)

Primary Sidebar

Recent Posts

  • Ethereum [ETH] Targets $3K; Strong Bullish Sentiment Detected April 16, 2021
  • Dogecoin [DOGE] Bulls Take A Breather After Hitting Peak At $0.14 April 15, 2021
  • Binance Postpones Coinbase’s COIN Stock Token Listing Citing ‘Volatility’ Concerns April 15, 2021
  • Bitcoin [BTC] From 2016 Bitfinex Hack On The Move April 15, 2021
  • ECB Garners Over 8,000 Responses To Its Public Digital Euro Consultation April 15, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.