Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress Litecoin Market Analysis 10th June 2019

written by

Litecoin Market Analysis 10th June 2019

Support free journalists: > send a tip

Well, after two weeks of active fight near the key price zone of $112-115, buyers managed to break through and fix above this zone and even continue growth. Despite the signals of the weakness of buyers, which we wrote about in the past analysis and which are still visible in the weekly timeframe, today, on the first day of the new week, on increased volumes, buyers continued to increase prices growth by upgrading previous local high: Litecoin Market Analysis 10th June 2019

Pay attention that Bitcoin is not far from its falling channel, to say nothing of updating the local high. So, we can talk about the interest in this coin.

I would like to draw attention to the situation before today’s growth. After a new breakthrough on the price zone of $112-115, sellers tried to back the price below this zone for 2 attempts. The first attempt was on increased volumes and ended in a flawed breakdown. The next attempt was already without any volume. And only after that, when buyers understood the weakness of sellers, the growth started at $112 for 1 hour: Litecoin Market Analysis 10th June 2019

The mood of buyers has improved significantly with the beginning of the new week. This is clearly visible in their marginal positions: Litecoin Market Analysis 10th June 2019

Sellers also increased their marginal positions, but it does not look so cheerful and confident: Litecoin Market Analysis 10th June 2019

If we analyze the pair of LTC-BTC, then we see that the price of the coin is growing. It is likely that investors who own Bitcoin with it help buy Litecoin to reduce the risk of losses, because they see that this coin is greatly growing: Litecoin Market Analysis 10th June 2019

Since sellers were not able to start correction after 5 waves of growth, we conclude that in fact, the 3rd wave of growth is still ongoing, which has not yet completed its formation: Litecoin Market Analysis 10th June 2019

If we consider that the wave (3) began in February 2019, then we drew the price channel and saw that now the price moves between the lower trend and the middle line of the channel. In the price of $138, a wave of growth that began in February 2019 will be equal to the waves from 29 April: Litecoin Market Analysis 10th June 2019

However, the prospect of growth is up to $180. Buyers have significantly changed the situation on the market. If, by the end of the week there will be nothing abnormal from the sellers and a price zone of $112-115 will remain under the control of buyers, then the forecast will be enjoyable for investors of this coin!


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

About the Author: Peter Oleshchuk is a trader and technical analyst.

He has spent two years studying and analyzing the crypto market.

Image Courtesy: Bitcoin News

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter