- Litecoin is currently trailing at the value of consolidation zone with an intraday high of $180.66
- Litecoin price today is $176.00; with a gain of 1.87% in the last 24 hours and a 15.21% loss from the previous week
- The LTC/BTC pair performs positive with an overall gain of 0.55%, trading at the present level of 0.003687 BTC
After making a 52 week high of $242.00 on February 19, 2021, LTC projected a negative retracement and remained in that trend ever since. The LTC/BTC pair is below the resistance of 50 MA and marked bullish momentum with gain in the value of 0.53%. It can test the higher levels on the upcoming trading session.
Litecoin(LTC) Technical Analysis
Litecoin price weekly technical chart highlights that “Bears are coming to rest” in today’s trading session. Its current price is $176, with a resistance of $200 and support at $155. The price is at the 50 EMA and above 100 days Exponential Moving Average (EMA). The 50-EMA blue line is at $173.02, making temporary support. The coin price has made a bearish pattern, so a further downward movement can be seen in the upcoming days. The volume of litecoin has witnessed a loss of 19.97%, and the market capitalization went up by 1.2%.
MACD (Bearish): The levels showcased a negative cross-over signal in the past trading session. The MACD indicator reflects bearish momentum in the coin. Bars of histograms are also indicating a bearish momentum with higher length.
RSI (Bullish ): It is trading with a value of 44.57, indicating that the coin is in an overbought zone and can move towards a higher level. A positive slope observed in the RSI showcasing LTC may see a reversal from the bearish position in the next few trading days.
Litecoin has shown bearish momentum in the last couple of trading sessions and is expected to continue the same in the upcoming trading session. The LTC/BTC pair is facing resistance at 0.00422 and can break in the upcoming days. Investors should do their due diligence before investing.