// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming. – CoinsMegaNews

Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

2 years ago CryptoExpert
Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

[ad_1]

Litecoin’s price halved in less than three months
Buying the dip is risky despite a small head and shoulders pattern forming
The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes

The US dollar registered one of the biggest rallies ever during summer. For example, it gained against the EUR for eleven consecutive weeks – the first time ever! 

It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher. 

That means cryptocurrencies, too. 

Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months. 

However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two months. 

Such volatility is not unusual in the cryptocurrency space. But the speed of the decline (or the speed of the dollar’s strength) is so fast that it takes a lot of nerves and courage to buy such a dip. 

Litecoin chart by TradingView

LTC/USD forms a small inverse head and shoulders pattern

A head and shoulders pattern signals a reversal. When it forms during a bearish trend, it signals a potential bullish reversal. 

The head of the pattern pierced through the $60 level before bouncing. It is enough for the pattern to respect the rules, but is it enough to reverse such a powerful bearish trend seen during the summer months? 

All in all, the main conclusion after nine months into the trading year is that Litecoin couldn’t hold above $100. If it doesn’t build energy to try again, the path of least resistance remains the downside. 

Share this articleCategories

[ad_2]

Source link

Tags:

More Stories

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

1 year ago CryptoExpert
Crypto funds register $126 million in outflows led by investor hesitancy

Crypto funds register $126 million in outflows led by investor hesitancy

1 year ago CryptoExpert
ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

1 year ago CryptoExpert
ZachXBT Unmasks Frauds on Ethereum Layer-2 Networks

Fraud Syndicate Targets Ethereum Layer 2: Base, Blast, Arbitrum

1 year ago CryptoExpert
Crypto crashes result in $783 million in long liquidations in the last 24 hours

Crypto crashes result in $783 million in long liquidations in the last 24 hours

1 year ago CryptoExpert
Polygon (MATIC) Investor Skepticism Grows Ahead of Price Correction – What’s Next?

Here’s Why Polygon (MATIC) Price Faces a 35% Correction

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Free Slot Machine No Download And Install: Play Your Favorite Gambling Establishment Games Instantly

4 hours ago xtw18387208b

Online Casino Free Slot Machine: A Comprehensive Guide to Online Slot Machines

4 hours ago xtw18387208b

Ideal Neteller Gambling Enterprises: A Comprehensive Overview

1 day ago xtw18387208b

No Account Casino Site: The Future of Online Betting

1 day ago xtw18387208b