Connect with us


Litecoin (LTC) Technical Analysis – LTC Breaks Above Downtrend Line – Recaptures 200DMA




There’s no doubt that since last December Litecoin (LTC) has found the going a bit treacherous succumbing from its all-time high print of $370 on 12-19-17 coupled with the announcement that Charlie Lee would be liquidating a sizeable stake in LTC near noted all-time highs.

Over the course of a three and a half month period from mid-December to the end of March ’18, where LTC appears to have bottomed-out in the $110 area, Litecoin witnessed price erosion of 70%, much like many throughout the cryptocurrency universe.

With the worst appearing to be in the rear-view mirror, we can observe from the daily chart below that LTC seems to have found its footing and in doing so, has recently broken above its downtrend line as well as recapturing its 200-Day moving average.

As we can see above, LTC has broken back above its downtrend line (light blue line) and in the process, has now recaptured its 200-Day moving average (red line). In addition, we can also see that LTC is presently trading above both its 20DMA (yellow line) as well as its 50DMA (blue line) respectively, which portrays a healthy technical posture.

Furthermore, we can also witness that LTC appears to be nearing a successful move out of its inverted Head-and-Shoulders (H&S) pattern (Bullish), although, a bit more work remains before we can declare such move a complete success, whereby if LTC can go top-side of the $175 level (Neckline) and ‘stick’, such development would go a long way in declaring the recent move victorious.

Nevertheless, from a technical point of view, the picture has certainly improved for LTC, yet, there remains a congestion zone (highlighted shaded box) that will need contending and to be overcome in the days/weeks ahead if LTC is to find further upside momentum.

Thus, moving forward, both investors/traders may want to pay particular attention to the following levels for further evidence/clues with respect to direction.

If LTC can clear the Neckline (purple horizontal line) at roughly the $175 level and can ‘stick’, the next level of contention is located at the $199.40 figure. Should both levels be cleared at any point in the days ahead, such development, should it materialize, would certainly indicate that LTC has regained its mojo and northern trajectory.

With respect to the potential short-term support, both the $158 level (200DMA), as well as the $142 figure, are areas where LTC should find a lending hand.

Nonetheless, both investors/traders may want to consider monitoring the action in LTC in the days/weeks ahead.

Happy Trading!

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Chart courtesy of


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

Continue Reading


Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading


XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release