Trendline litecoin 26th november
digital currency had been in a downward trend since the cryptos price was resisted. Validating that argument is historical data, which shows that the cryptocurrency had rallied in the months leading up to the first mining reward halving, which took place on Aug. 25 â a day when mining rewards fell from 50 LTC to 25 LTC. LTC picked up a bid near 20 in December, tracking the corrective rally in bitcoin â the worlds largest cryptocurrency by market capitalization.
Litecoin weekly forecast November 26
28, 2012 and second on July 9, 2016, and is estimated to undergo a third in May of 2020. But how the price action is hinting to play technically, lets find out. Prices are now at the highest theyve been since October 2018 and the altcoin appears set to notch 70 over the short-term. The litecoin price is forming a pattern structure defined by an ascending triangle. The weekly chart shows Litecoin as the lead bull, as it has sustained well and is now completing its fifth week above the long-term descending trendline. Bitcoin Price Pattern Hints at Short-Term Rally. In late February, gains above 54 proved futile and Litecoin (LTC) dropped 20 percent after topping out.41. The bearish-to-bullish trend change, therefore, looks legitimate. 1-HR Chart, the 55 to 56 zone is providing some push back.
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