Litecoin Price Prediction: LTC/USD Penetrates the Price Level of $70, Is $65 Next?

LTC Price Prediction – February 20. The Litecoin price saw a sharp decline of around 1.73% within 24 hours and it is currently trading at $69.45.

LTC Price Prediction – February 20

The Litecoin price saw a sharp decline of around 1.73% within 24 hours and it is currently trading at $69.45.

LTC/USD Market

Key Levels:

Resistance levels: $80, $85, $90

Support levels: $60, $55, $50

LTCUSD – Daily Chart

The Litecoin price has plummeted pretty aggressively over the past 24 hours as it dropped below the support at $80 to reach the current support at $69.45. LTC/USD has been on a bearish trend since February 15 as the cryptocurrency made new month low at $67.41. At the time of writing, Litecoin (LTC) is currently trading below the 9-day and 21-day moving averages as the price is about to cross below the lower side of the ascending channel.

However, the more the LTC/USD pair fails to recover from the current trading levels, the greater the chances that we may see the cryptocurrency falling to a new month trading low. A break below the $65 support level may provoke an even deeper decline towards the $60, $55 and $50 levels. Meanwhile, the short-term technical analysis shows that the $68 and $67 levels are currently the strongest forms of technical support before the $66 level starts to come into focus.

Moreover, looking at the daily chart, a break above the 9-day and 21-day moving averages at $78 level will propel Litecoin to a high of $80, $85 and $90 resistance levels. Meanwhile, the technical indicator RSI (14) is facing the south at the moment indicating that the bears may continue to dominate the market.

Against Bitcoin, LTC has been experiencing some difficulties, especially in the past few days. The coin recently broke under solid support at 7200 SAT and continued to fall through subsequent support level to 7100 SAT. The critical support level is located at the 6700 SAT and below.

LTCBTC – Daily Chart

However, if the bulls manage to power the market, we may likely find the resistance level at 7900 SAT and above. Meanwhile, the Litecoin price is currently changing hands at 7172 SAT but a surge in volatility may occur as the RSI (14) moves below 45-level which suggests that more bearish signals may play out.

Please note:Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Litecoin may face sideways movement between $71.94 and $78.53

Litecoin’s past 24-hour change does not mirror its recent bullish rally. The silver counterpart to Bitcoin registered a slump of 9.08 percent and its price …

Litecoin’s past 24-hour change does not mirror its recent bullish rally. The silver counterpart to Bitcoin registered a slump of 9.08 percent and its price held support just above $70. According to CoinMarketCap, its market cap remained under $4.5 billion at press time but the 24-hour trading volume remained positive and above $5.4 billion.

Source: CoinStats

Litecoin 1-day chart

LTC/USD on Trading View

The 1-day chart of Litecoin indicated that the breakout on 30th January was due to the formation of a cup and handle pattern which started taking shape from the end of November 2019. A cup and handle pattern is a long-term bullish sign, which usually results in a strong move above the neckline once it is breached. The price followed a similar path after the breakout, which took its valuation above key resistances at $71.94 and $78.53.

However, over the last few days, Litecoin has faced correction. Since 15th February, Litecoin registered a dip of 20 percent which took its valuation from $83.45 to $67.37. From a market perspective, such a correction is deemed healthy for the long term bullish rally and over the next few weeks, Litecoin may consolidate between $71.94 and $78.53.

Registering a strong consolidation between that range should revitalize Litecoin’s rally to re-test long term resistance at $88.38. At press time, resistance at $78.53 was strong but another rally may allow Litecoin to gain movement above the $80 range.

According to the VPVR indicator, trading volume at $71.94 and $73.79 has been strong as well, indicating the strength of the resistance.

The 200-Moving Average remains a key support for the price, which suggested that the bullish sentiment is still active in the market.

Source: CoinMetrics

According to CoinMetrics, Litecoin’s NVT recently registered a dip but since the start of 2020, the incline is pretty evident.

A higher NVT usually suggests that the network valuation of the token is outperforming the value being transmitted on the network. Whenever NVT reaches a higher rating, it usually indicates that investors are valuing the asset from a perspective of long-term growth.

Litecoin’s rising NVT ratio mirrors its overall performance in 2020 and it may play a bigger role over the next few weeks.

Conclusion

Litecoin’s recent correction below $70 can be a blessing in disguise for the token as it improves its chances of consolidating higher in charts during the next rally. Significant resistance will be faced at $78.56 but a march towards $88 should be possible by mid-March.

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Blackrock a Top Socially Responsible Dividend Stock With 2.5% Yield (BLK)

Blackrock Inc (Symbol: BLK) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average …

Blackrock Inc (Symbol: BLK) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ”DividendRank” statistics including a strong 2.5% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company’s products and services, as well as the company’s efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company’s impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.

According to the ETF Finder at ETF Channel, Blackrock Inc is a member of both the iShares MSCI USA ESG Select ETF (SUSA), making up 2.30% of the underlying holdings of the fund, as well as the iShares MSCI KLD 400 Social Index Fund ETF (DSI), where BLK makes up 0.44% of the underlying holdings of the fund.

The annualized dividend paid by Blackrock Inc is $14.52/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/04/2020. Below is a long-term dividend history chart for BLK, which the DividendRank report stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

BLK+Dividend+History+Chart

Top 25 Socially Responsible Dividend Stocks — Income To Feel Good About »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Could The International Business Machines Corporation (NYSE:IBM) Ownership Structure Tell Us …

The second largest shareholder with 6.9%, is BlackRock, Inc., followed by State Street Global Advisors, Inc., with an ownership of 6.2%. Our studies …

Every investor in International Business Machines Corporation (NYSE:IBM) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

International Business Machines is a pretty big company. It has a market capitalization of US$137b. Normally institutions would own a significant portion of a company this size. In the chart below, we can see that institutional investors have bought into the company. Let’s delve deeper into each type of owner, to discover more about International Business Machines.

View our latest analysis for International Business Machines

NYSE:IBM Ownership Summary, February 12th 2020
NYSE:IBM Ownership Summary, February 12th 2020

What Does The Institutional Ownership Tell Us About International Business Machines?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors own 58% of International Business Machines. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of International Business Machines, (below). Of course, keep in mind that there are other factors to consider, too.

NYSE:IBM Income Statement, February 12th 2020
NYSE:IBM Income Statement, February 12th 2020

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don’t have a meaningful investment in International Business Machines. The Vanguard Group, Inc. is currently the company’s largest shareholder with 8.2% of shares outstanding. The second largest shareholder with 6.9%, is BlackRock, Inc., followed by State Street Global Advisors, Inc., with an ownership of 6.2%.

Our studies suggest that the top 25 shareholders collectively control less than 50% of the company’s shares, meaning that the company’s shares are widely disseminated and there is no dominant shareholder.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of International Business Machines

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board; and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board, themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our information suggests that International Business Machines Corporation insiders own under 1% of the company. As it is a large company, we’d only expect insiders to own a small percentage of it. But it’s worth noting that they own US$131m worth of shares. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.

General Public Ownership

With a 42% ownership, the general public have some degree of sway over IBM. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we’ve spotted with International Business Machines .

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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Do Directors Own Saudi Real Estate Company (TADAWUL:4020) Shares?

Next, we have Public Pension Agency and The Vanguard Group, Inc. as the second and third largest shareholders, holding 5.9% and 1.1%, of the …

A look at the shareholders of Saudi Real Estate Company (TADAWUL:4020) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of ر.س3.2b, Saudi Real Estate is a decent size, so it is probably on the radar of institutional investors. Taking a look at our data on the ownership groups (below), it’s seems that institutions own shares in the company. Let’s take a closer look to see what the different types of shareholder can tell us about Saudi Real Estate.

View our latest analysis for Saudi Real Estate

SASE:4020 Ownership Summary, February 12th 2020
SASE:4020 Ownership Summary, February 12th 2020

What Does The Institutional Ownership Tell Us About Saudi Real Estate?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that Saudi Real Estate does have institutional investors; and they hold 7.5% of the stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there’s always a risk that they are in a ‘crowded trade’. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Saudi Real Estate’s historic earnings and revenue, below, but keep in mind there’s always more to the story.

SASE:4020 Income Statement, February 12th 2020
SASE:4020 Income Statement, February 12th 2020

We note that hedge funds don’t have a meaningful investment in Saudi Real Estate. Public Investments Fund is currently the largest shareholder, with 65% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. Next, we have Public Pension Agency and The Vanguard Group, Inc. as the second and third largest shareholders, holding 5.9% and 1.1%, of the shares outstanding, respectively.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. As far I can tell there isn’t analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Saudi Real Estate

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our information suggests that Saudi Real Estate Company insiders own under 1% of the company. It appears that the board holds about ر.س1.5m worth of stock. This compares to a market capitalization of ر.س3.2b. Many investors in smaller companies prefer to see the board more heavily invested. You can click here to see if those insiders have been buying or selling.

General Public Ownership

With a 28% ownership, the general public have some degree of sway over 4020. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Like risks, for instance. Every company has them, and we’ve spotted 3 warning signs for Saudi Real Estate (of which 2 are concerning!) you should know about.

If you would prefer check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, backed by strong financial data.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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