![200 ema litecoin 200 ema litecoin](https://alt-coins.top/wp-content/uploads/2018/02/Litecoin-price-today-LitePay-can-be-a-accelerator-for-the-LTC-price-LTCUSD-News-Analysis-585x375.jpg)
In fact, what I would like to see is a lot of sideways and quiet action where people get used to whatever price we are trading at. Litecoin Price Analysis LTC Price Litecoin News Opinion. However, it's very likely that it will survive, but I think that we have a rough couple of months at the very least ahead of us, so I feel that there's no compelling reason to be a buyer at this point.
![200 ema litecoin 200 ema litecoin](https://s3.tradingview.com/3/3RljJpNO_big.png)
In an environment where risk appetite is scarce, it's difficult to imagine that a lot of major institutional players are going to throw a ton of money at Litecoin. This is the natural cycle of things when it comes to technology, as we had seen in 1999 when so many of the hot tech stocks disappeared. However, adoption is a major problem and I think we are getting close to a situation where we will probably see half of these coins disappear, if not more than that. I personally have used Litecoin, and I like it a lot. It's very likely the crypto is about to see a lot of coins disappear because most of them have no real use case scenario. This is a market that has been in a downtrend for quite some time, and it's worth noting that the spread between the 50-day EMA and the 200-day EMA is almost perfect as far as a picture of a sustainable downtrend is concerned. If we do break down, it's very likely that Litecoin will go looking to reach the $50 level, and then maybe even the $40 level after that. It looks to me as if the 50-day EMA above will continue to cause downward pressure as well, which currently sits near the $83 level.
![200 ema litecoin 200 ema litecoin](https://s3.tradingview.com/0/0kxRa43k_big.png)
In other words, we may see more sellers jump back into the market. It's also worth noting that there is a lot of noise just above as we had been going sideways for a couple of weeks, broke down below that level, and now are retesting that same area. We did have a decent Monday, but it should be noticed that it was Memorial Day in the United States, so a lot of the American institutional traders were not trading.Īdvertisement Looking for a top-rated broker that offers both crypto and Forex trading? GET STARTED ( MENAFN- Daily Forex) Litecoin pulled back ever so slightly on Tuesday as we try to figure out whether or not there is any real hope for the crypto markets turning around.