Aamir Sheikh

Author
Aamir Sheikh

Aamir Sheikh

Author

Aamir is a tech journalist with nearly six years of experience in the crypto and tech industries. He graduated from MAJ University with an MBA in Finance and Marketing. He now works with Cryptopolitan, where he reports on the latest developments in the cryptocurrency markets and price prediictions.

Author’s Articles

  • NEO price analysis: NEO price levels sink to $0.087 as the coin experiences a free fall

    NEO price analysis: NEO price levels sink to $0.087 as the coin experiences a free fall
    May 8, 2023 News
  • Aptos price analysis: APT finds support at $9.11 as bulls come to rescue

    Aptos price analysis: APT finds support at $9.11 as bulls come to rescue
    May 7, 2023 News
  • Solana price analysis: SOL gets support near $22 after a strong correction

    Solana price analysis: SOL gets support near $22 after a strong correction
    May 7, 2023 News
  • Hashflow price analysis: HFT price tumbles to $0.497 amidst strong selling pressure

    Hashflow price analysis: HFT price tumbles to $0.497 amidst strong selling pressure
    May 6, 2023 News
  • Polkadot price analysis: DOT Records a Decline to $5.79: Will Bulls Regain Momentum to Reach $6?

    Polkadot price analysis: DOT Records a Decline to $5.79: Will Bulls Regain Momentum to Reach $6?
    May 6, 2023 Polkadot
  • Avalanche price analysis: Selling Pressure Causes Price Curve to Deflate to $17.22

    Avalanche price analysis: Selling Pressure Causes Price Curve to Deflate to $17.22
    May 6, 2023 News
  • Arbitrum price analysis: ARB shows signs of recovery as price rises to $1.32.

    Arbitrum price analysis: ARB shows signs of recovery as price rises to $1.32.
    May 5, 2023 News
  • Solana price analysis: Bulls take over as SOL sees an uptrend at $21.9

    Solana price analysis: Bulls take over as SOL sees an uptrend at $21.9
    May 5, 2023 News
  • Aptos price analysis: APT consolidation continues as it remains rangebound near $10

    Aptos price analysis: APT consolidation continues as it remains rangebound near $10
    May 4, 2023 News
  • Chainlink price analysis: Bullish momentum Slows down, signaling selling pressure at $7.13

    Chainlink price analysis: Bullish momentum Slows down, signaling selling pressure at $7.13
    May 4, 2023 Chainlink
  • Aptos price analysis: APT lowers to $9.77. More downside to follow?

    Aptos price analysis: APT lowers to $9.77. More downside to follow?
    May 3, 2023 News
  • Binance Coin price analysis: BNB to retest $328 as resistance as bulls make a comeback

    Binance Coin price analysis: BNB to retest $328 as resistance as bulls make a comeback
    May 3, 2023 News
  • Polkadot price analysis: The price jumps to $5.76 as the trend shifts in a bullish direction 

    Polkadot price analysis: The price jumps to $5.76 as the trend shifts in a bullish direction 
    May 2, 2023 Polkadot
  • Hooked Protocol price analysis: HOOK's value dips under $1.60, is there a possibility for the bullish market sentiment to return?

    Hooked Protocol price analysis: HOOK drops below $1.80. Will the bulls make up lost ground?
    May 2, 2023 News
  • Uniswap price analysis: UNI finds support at $5.30, as buyers once again enter the market

    Uniswap price analysis: UNI finds support at $5.30, as buyers once again enter the market
    May 2, 2023 News
  • Dogecoin price analysis: Bearish collision eventuates price reduction up to $0.0780

    Dogecoin price analysis: Bearish collision eventuates price reduction up to $0.0780
    May 1, 2023 Dogecoin
  • Polkadot price analysis: As selling pressure continues, the DOT adjusts to $5.85

    Polkadot price analysis: As selling pressure continues, the DOT adjusts to $5.85
    May 1, 2023 Polkadot
  • Liquity price analysis: LQTY at $1.80 as the token rushes once more in a positive rise

    Liquity price analysis: LQTY at $1.80 as the token rushes once more in a positive rise
    May 1, 2023 News
  • Arbitrum price analysis: ARB corrects down to $1.36, as bears regulate the market

    Arbitrum price analysis: ARB corrects down to $1.36, as bears regulate the market
    April 30, 2023 News
  • Dogecoin price analysis: As selling pressure builds, bears lower the price to $0.0814.

    Dogecoin price analysis: As selling pressure builds, bears lower the price to $0.0814.
    April 30, 2023 Dogecoin
  • Litecoin price analysis: After the intended bullish push, LTC retests the $91 resistance level The Litecoin price analysis is bullish. Resistance for LTC is present at $91. Support is present at the $88 level. Since the bulls are currently in control, the Litecoin price analysis is bullish today. Cryptocurrency has been able to fully recover from the severe losses it suffered on April 26, 2023. The price level has returned to $90.45 as bulls today demonstrated strong vigor. The price is getting close to the $91 resistance as the positive trend continues. Bulls, however, need power to push the price higher because selling pressure is also there at this level. LTC/USD 1-day price chart: Price rises in an effort to recoup The one-day price chart for Litecoin price analysis shows that things are moving smoothly in the direction of a recovery of the coin's value. Since the trend line has been moving up for the past week and the coin has gained nearly 4 percent in value during this time, the coin's value has significantly increased over the last few days. As the crypto pair is trading at $90.45 at the time of writing, additionally, it also reports a 1.19 percent rise in value over the previous 24 hours of price movement. The trading volume, on the other hand, has decreased by more than 29 percent over the past day, and the moving average (MA) is trading around $88 below the current price level. The SMA 20 is going lower than the SMA 50 curve as steep corrections have been observed in the past two weeks. The 1-day chart's volatility is likewise strong, suggesting that the bullish momentum may continue to build. The Bollinger bands show the upper band at $101, representing the resistance for the LTC price, while the lower band is present at $83, representing the strongest support for LTC/USD. With the continuous increase in price, the Relative Strength Index (RSI) also went up to index 49, which is quite impressive considering the heavy sell offs of the past few days. Litecoin price analysis: Recent developments and further technical analysis As the market displayed positive sentiment today, the 4-hour price chart for Litecoin price analysis is showing encouraging signs for the bulls. Bulls are pushing the bar higher after every drop according to the hourly trend, and the price is anticipated to cross the $91 resistance level, which is currently being tested. Currently, the price is under correction, but it is expected that bulls will make a comeback in the ensuing hours. The Bollinger bands are showing slow convergence on the four-hour chart, with the upper value lowering to $91.72 and the lower one resting at $87.12. The upper band is showing more convergence, which hints at selling pressure being higher above the $90 level. The RSI curve traveled down during the last correction, and now the score has slightly decreased to index 55, indicating selling pressure in the market. Litecoin price analysis conclusion The price levels throughout the past week have fluctuated at different times, but bulls have been able to hold onto their lead, according to the Litecoin price analysis presented above. The corrections that were seen during that period, nevertheless, were also necessary for the LTC to continue moving upward. Despite the bearish momentum, the LTC managed to overcome the $90 local resistance by gaining strength. There is a strong possibility that cryptocurrency may break above $91 in the following trading session if the current bullish trend continues, as we anticipate it will. Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

    Litecoin price analysis: After the intended bullish push, LTC retests the $91 resistance level
    April 29, 2023 Litecoin
  • Aave price analysis: Price moving above $72 indicating a bullish trend

    Aave price analysis: Price moves above $72 indicating a bullish trend
    April 29, 2023 News