- The price trend of LTC token is on an upward trend intraday.
- LTC/BTC pair is trading positive by 4.5% at 0.003982 BTC
- The 24-hour volume in Litecoin is $3.034 Billion
The daily technical chart of LTC token is trying to sustain above support level. According to the pivot level, the key support level in LTC is $125.0. However, if it does move higher, the key observational resistance is $240. In addition, the chart also has a bullish inside candlestick pattern, showing bullish reversal with medium reliability.
The exponential moving average (EMA) composed of 200-EMA serves as reliable support for currency price changes. Investors can observe that the price moves below the red line, ensuring a downward trend in LTC until the price stays below the EMA.
The RSI indicator gave a (bearish) signal with 36, projecting a sell signal in the coin. Investors may observe an inclining slope from 29 to 36. It may move towards neutral territory in future trading sessions.
Volume (18.01K) was lower than the 20-day moving average (56.446K). Traders are guiding buying pressure to bring their price levels into positive territory. Investors can also observe sufficient volume on the chart, which indicates that a big move is expected soon.
The Parabolic SAR indicator also implies a sell signal during the session, and it will ensure a downward trend in LTC unless the yellow dot stays above the price candle.
LTC Token Gradually Recovered Above The $125.0 Mark
LTC token is at $130, with a daily gain of 2.5% and a weekly drop of 19.8%. In addition, price breaks below moving averages and holding the support level. The RSI indicator shows a sell signal, and the traders have guided the buying pressure. Therefore, the parabolic SAR indicator indicates a sell signal. Technically, the price is showing weakness and struggling to sustain above the support level. Therefore, as with overall market sentiment, the trend remains bearish.