- Litecoin price analysis reveals a bearish pattern today
- Litecoin’s present price is 104.37
- Resistance has been evaluated at $110.1 but strong support lies at $100
Cryptocurrencies rates heatmap, source: Coin360
Litecoin opened today’s day-to-day chart with a boost of 5.69 percent, a bullish momentum. Litecoin price analysis in the last week has actually retraced to the $100 level. However, things turned bearish not long after as the prices dropped.
This week, Litecoin rate analysis opened at the $95 level which is rapidly closed with a 7 percent boost in just days. The present trend is still bearish and today’s Litecoin think piece might see LTC/USD testing the resistance at $150. The existing resistance of Litecoin is at $108.03, a bullish trend line.
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The LTC/USD rate is $104.37 with a market cap of $6.8 billion and a 24-hour volume of $352 million. Litecoin has actually traded in a close range of $101.87-$108.53, with a market supremacy of 0.44 percent and ranking position 20 overall. Litecoin trading volume has actually however decreased by 24.90 percent an overall of $810,178,855.19.
Litecoin cost action in the last 24 hr: Bulls are awaiting as LTC leans onto support level
LTC/USD rate analysis indicates Litecoin is selling a variety of $104-$108 after opening today’s day-to-day chart with an increase of 5.69 percent. Litecoin went into the week at $85 level and opened this morning at $93.94, after closed yesterday’s everyday candle light at $101.90. The Oscillators are showing an uptrend motion and this might see Litecoin retesting the $150 resistance mark.
LTC/USD 1-day rate analysis, source: TradingView
The Relative Strength Index oscillator remains in the 50 region with a value of 51.63 and the MACD sign has crossed over to the Bullish region and is expected to increase prior to evaluating the $150 resistance mark. Taking a look at the upper Bollinger band is moving towards the $109. Furthermore, Bollinger bands are stretching showing high volatility.
LTC/USD 4-hour cost analysis: Bulls hold on to the minor upward movement
The 4-hour cost action suggests a significant bullish trend established by the bulls. On the technical indications, indications of the continued bullish trend indicate the next resistance is at $110. The RSI oscillator remains in the 50 regions in the 51.16 mark and 38.2,3 is the 100 SMA while the 200 SMA lies at $109.65 indicating that LTC/USD price will continue its bullish momentum as long as it trades above these areas
LTC/USD 4-hour rate chart, source: TradingView
The MACD line has actually crossed over to the Bullish zone and is expected to rise prior to evaluating the $110 resistance regions. The Stochastic Oscillators period 14 has actually crossed variety 80 over variety 20 at $108 showing the company bullish pattern. The RSI is oscillating between the 50 and 20 regions with a worth of 51.16, it is bullish as long as the RSI oscillator is above 40. Further Litecoin price analysis reveals that the Bollinger bands are extending indicating high volatility in the market.
Litecoin cost analysis conclusion
Today’s Litecoin price analysis reveals bullish momentum. We can sum up that Litecoin will continue to increase as long as it continues with the present bullish pattern. It suggests that there are high possibilities of Litecoin’s price continuing its bullish pattern prior to checking the psychological level of $150.
Disclaimer.The information provided is not trading recommendations. Cryptopolitan.com holds no liability for any investments made based on the info provided on this page. We highly suggest independent research and/or consultation with a qualified expert prior to making any investment choices.
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