{"id":3289,"date":"2021-05-04T21:55:28","date_gmt":"2021-05-04T20:55:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3289"},"modified":"2021-05-04T22:34:57","modified_gmt":"2021-05-04T21:34:57","slug":"litecoin-price-seeks-new-all-time-high-but-ltc-shows-bearish-divergence","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/litecoin-price-seeks-new-all-time-high-but-ltc-shows-bearish-divergence\/","title":{"rendered":"Litecoin price seeks new all-time high, but LTC shows bearish divergence"},"content":{"rendered":"\n
Litecoin's<\/a> today vital Fibonacci market setback is the second time since mid-April and reduces LTC<\/a> chances of overcoming opposition and launching an all-time high test at $420.00.<\/h5>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Price for a dominant catalyst Litecoin<\/strong><\/p>\n\n\n\n

The IOMAP data indicates almost no resistence of the new Litecoin price up to $350.24, somewhat below the above stated 78.6% retracement mark.<\/p>\n\n\n\n

Also, until a cluster of between $ 259.85 and $ 269.27 there is limited support from Litecoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. The average price is $125.07, a small step below 61.8 percent retracement of the bear market 2017-2018 at $268.03, for total of 103.49k addresses.<\/p>\n\n\n\n

However, from yesterday's high 2.501 to 4, the number of whales transactions has decreased. The reading is close to that of October 2020, which followed the long rally.<\/p>\n\n\n\n

A new source of purchasing power is indicated by the minimum whale level (transaction count of > 100 k USD), if the Litecoin price can get off the mat.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The chain metrics offer Litecoin an optimistic outlook, but a resilience of 78.6 per cent to $334.86 is a major barrier to overcoming at $420.00 before the all times.<\/p>\n\n\n\n

If the 61.8 percent trace is not held at $268.04, a 10-week SMA test of $231.47 will be given and a possible fall in the lower trend line of the channel at $189,65 is planned.<\/p>\n\n\n\n

The negative divergence between RSI and the price since the middle of February has been added to the bearish perspective. When a new rally is printed, the momentum index must be confirmed.<\/p>\n\n\n\n

\"LTC\/USD<\/figure>\n\n\n\n

Just one weekly closure above 78.6 percent would stimulate a re-evaluation of the bay outlook and increase the likelihood that new highs will succeed in the next few days or weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Litecoin’s today vital Fibonacci market setback is the second time since mid-April and reduces LTC chances of overcoming opposition and launching an all-time high test at $420.00. Price for a dominant catalyst Litecoin The IOMAP data indicates almost no resistence of the new Litecoin price up to $350.24, somewhat below the above stated 78.6% retracement […]<\/p>\n","protected":false},"author":63,"featured_media":3290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[131],"tags":[190],"class_list":["post-3289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin-news","tag-ltc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/1_zlNCHUkTVvLaoIrZfaHwJQ-scaled.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3289"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3290"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}