Jobless claims came in worse than expected for this week, sending the Dow Jones Industrial Average down in pre-market. Financially motivated layoffs, small businesses on lockdown, and larger companies incapable of continuing businesses motivated the loss. The figure began to decline across the United States since the outbreak, pushing demand for the currency lower and …
Litecoin (LTC)’s Doji candlestick reflected much of the crypto market’s economic uncertainty this week. Bulls pushed the coin’s price up to $49.90 earlier in the day to pull back later on. For now, predictions remain biased to a bullish momentum throughout the week. If the coin closes above the near-$50 high, it could reach beyond …
Following Litecoin’s (LTC) continued downtrend in 2019, analysts claim its outperformance against Bitcoin in the past month will only continue. Looking at the market structure of the recent positive performance, the altcoin is slowly hitting previous its limits. The weekly LTC/BTC chart suggests the recent leg of the lengthy Litecoin downtrend formed a channel since …
Following the 5% drop during the last week of December 2019, Litecoin (LTC) remains at about $41. LTC struggles to catch up since its massive drop made in late November. Litecoincurrently trades below a key resistance level around $55 to $57 with a volume sitting near $2.7 billion. This was 33% lower than last week. …
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