Litecoin $LTC Forecast: Thursday Edition: Even Split – allcoinsnews.com

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August 16 2018 18:46 UTC

This edition features popular Litecoin $LTC technical analyses from @EtherWorldNews, @NewsBTC and @Investingcom. Or jump right to today’s Litecoin $LTC Forecast.

@EtherWorldNews Analysis

View: bearish

bearish

Aayush Jindal of @EtherWorldNews scrawls ” Litecoin price failed to move above the $60.00 resistance and declined once again (Data feed of Kraken) against the US Dollar [and] Overall, litecoin price remains at a risk of more losses if buyers fail to keep the price above the $54.00 support “

@NewsBTC Analysis

View: bullish

bullish

Dalmas Ngetich of @NewsBTC prints “Litecoin prices are up 13 percent and with that abnormal price expansion—considering the deep liquidity of the seventh most liquid coin, we might see a reversal from the dredges [and] Immediate resistance at $70 should be our first bull target breathing life to traders”

Published: August 16, 2018 | 12:02 am

@Investingcom Analysis

View: bullish

bullish

Automated Signal of @Investingcom enlightens “HOURLY > LTC/USD GDAX Technical Analysis > Moving Averages:Buy > Technical Indicators:BUY”

Published: August 16 2018 14:37:53 – Real-time Data

Litecoin $LTC Forecast

on Thursday August 16 2018 18:46 UTC

bearishbullishbullish

The crypto pundits say: “bearish/bullish/bullish/”.

It’s rare to find an even split of three opinions, but we have that today. Our first two experts weigh in with a bear and a bull view. Our third “expert” – Investing.com automated signal – sees a split. Their HOURLY forecast is bullish as detailed above. Their DAILY forecast is a “STRONG SELL” detailed with “Moving Averages:Sell” and “Technical Indicators:Strong Sell”. Thus we have what you could call an even split for Investing.com, and an even split between the three pundits.

It seems to all come down to just your hunch as to the direction of today’s $LTC market.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author holds Litecoin $LTC at the time of writing.

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