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LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin
LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin

LTC Technical Analysis: Bulls to Thrive in Green Candles

  • Stavros Georgiadis

    The 7th largest cryptocurrency in the world is thriving in the green zone

LTC Technical Analysis: Bulls to Thrive in Green Candles
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A breakout may be approaching:

·    1-year high: $365.524

·    1-year low: $49.22

Current price as of Nov. 7, 2018, is $55.17.

Current price

Bollinger bands on the yearly chart are in a narrow range: a lower band at $49.17, a higher band at $55.78. Usually, this tight range and consolidation anticipate a breakout. So what direction the breakout will take?

The strength of the trend measured by the Average Directional Movement indicator is very weak, currently at 15, with a level below 25 indicating a weak trend. Still, the dominant trend is +DI at 26.60 over -DI at 20.24 suggesting that there is a slight tendency towards an upward breakout. The recent price is below the daily 50-period exponential moving average at $55.41 but above the daily 20-period exponential moving average at $53.01.

A close above the 50-period daily exponential moving average is a good sign that the recent downtrend may be bottoming.

The MACD indicator is still negative, although flat, pointing to a directionless movement. Stochastic Indicator (14,3,3) is approaching overbought levels near 80.0 level; Williams %R (14) indicator is at overbought levels, currently at the -15.38 level; and as we mentioned before, the momentum indicator is flat since the trend is very weak.

Daily Pivot Points

Name

S3

S2

S1

Pivot Points

R1

R2

R3

Classic

50.334

51.457         

52.454

53.577

54.574

55.697

56.694

There is support at $48.29 and $51.54 and resistance at $66, $74.80 and $94.30 and then at $108.30.

It is better to be in a wait-and-see mode as bottoming is yet to be confirmed. An upward breakout cannot yet be supported, and the recent consolidation of the high-low price of about $65–$48 may last more as it already counts almost three months as of late summer 2018. For the trend to change from downward to upward, the price should close about the previous highs of $69 and $93.

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Bitcoin Cash Price Prediction: $300 in a Few Weeks? The BCH Rocket-Speed Rally Has Just Begun!

  • Vera Thornpike

    Bitcoin Cash price prediction for March-April: BCH price charts and technical indicators give us positive signs. BCH is to reach $170 soon and break other resistance leve

Bitcoin Cash Price Prediction: $300 in a Few Weeks? The BCH Rocket-Speed Rally Has Just Begun!
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Contents

Taking the lead of the race, Bitcoin Cash has outperformed other cryptocurrencies by growth rate and has recently rocketed to $157, surprising traders. Has it reached the roof? Not likely – tradingview users have a positive outlook at BCH perspectives and future price and share their opinions with us. Good news: BCH $300 value is possible again!

BCH to reach $300 in the coming weeks

BCH might reach $300 by April 10th

Bitcoin Cash price chart from BeefStew

Sounds fantastic, but we might see BCH reaching $300 in the coming weeks if BTC continues moving upward. If the channel is accurate, the previous downward trend line and the 200 EMA will intersect at $300 around April 10th. Isn’t it great?  It means investors might enjoy at least a 200% profit in a few weeks.

However, other BCH price predictions aren’t as optimistic as this one – other TradingView users are sure that BCH will face resistance soon.

$172 price before retrace

Bitcoin Cash might take a step back after reaching $172

Bitcoin Cash price chart from EuroMotif

Bitcoin Cash is still at the head of the rally, and it looks pretty strong right now, targeting the $172 level. However, according to EuroMotif, as soon as it reaches the $172 threshold, it will take a path of retracement. Yesterday, we could see Bitcoin Cash hitting resistance at 5.618, but it was able to surpass it.

Let’s hope it will be able to move forward after hitting $172, as well.

Uptrend to $170 is likely to continue

Uptrend to $170 is very likely to go on

Bitcoin Cash price chart from Goldgram

According to Goldgram, Bitcoin Cash’s StochRSI is moving close to the center. Thus, If the BCH/USD pair goes beyond the range, then a new trend will be created and the price could rally all the way up to $156 to $160.

Since the price has broken through the $140 range, the uptrend can extend to $170.

But what if BCH take a nosedive after its splendid soaring? Traders can uphold the stops on the long positions at $114. If the bears go under the pair below $120, it can decline to $104.

Goldgram points some resistance and support lines for the short term:

Resistance 3: $132.4006

Resistance 2: $130.4683

Resistance 1: $128.9942

Support 1: $125.5877

Support 2: $123.6554

Support 3: $122.1813

Expect a minor BCH plunge before recovery

BCH might fall for a week to give us a chance to enter the market

Bitcoin Cash price chart from ArminZed

Take a look at the Bitcoin Cash price graph from ArminZed: he predicts that BCH will soon retrace to its previous $136 position (it will happen by March 25th), but it won’t last long. By the beginning of April, it’s expected to get back to $150 and higher. Might be a great opportunity to enter the market and make a profitable investment.

Bitcoin Cash has made a great present for investors managing to break the channel. But what’s next? Should we target the $170 zone? Definitely, yes. Even if that doesn’t happen in the nearest weeks, a BCH retracement might become a great opportunity for investors.

BCH/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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