- LTC showed the major rally and marked the high at 232.67
- The LTC was created by Charlie Lee who intended LTC to be a lite version of BTC.
- RSI for LTC shows the neutral action.
The token has formed the pattern of a doji star bearish. LTC fell to 177.91 on Friday and marked the intraday low. Following a 174.99 lowest from Thursday. LTC ended the day at 177. The last known price of this coin is 183.56. A mixed start for the day saw LTC rise to an early morning intraday high of $189.20 before hitting reverse. LTC broke through the first resistance level at $188 and second resistance level at 185.008. LTC saw just the reversal, that is the intraday low went to 177 which could go more in the coming .
LTC accumulated support through the first support level at 179 and second major support level at $181before a partial recovery to 182 plus levels.
At the time of writing, LTC was up by 2.17% to 183.569.
It has the current trading volume(s) of 2,824,887,214 with a loss of 30.91% over the last 24 hours. LTC has addresses of 4,141,370 holders with the active transfer(s) of 337,605 in the last 24 hours. The circulating supply of token is 66,752,615 LTC coins and a max. supply of 84,000,000 LTC coins. It’s top 10 and 20 holders have holdings more than15% but less than 20% whereas top 50 and 100 holders have 25% but less than 40%.
SMA-20, SMA-50 and SMA-200
The chart above shows the movement of LTC where 200 DMA has been running below SMA-20 and SMA-50 is above SMA-20. SMA-20 is placed between SMA-50 and SMA-200.
We see the token with respect to SMA’s which are 20, 50 and 200.
We see an upwards pattern where the bulls’ win is visible. As recently the SMA-20 has shifted downwards and so the returns might fall. The trend line marked shows this upwards shifting.
BUY or SELL?
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 50.467 and marks the neutral action. MA-5 and MA-50 show the buy action whereas MA-100 and MA-200 show the sell action.
The bull/bear power has the value of 1.4665 and shows the buy action. The high/low marks the neutral action with the value of 0.0000
The LTC-BTC pair is trailing at the level of 0.003929 and the high of 0.34% was seen whereas the LTC-ETH pair is at 0.05287 and the gain of 2.30% was seen in the last 24 hours. The volume/market cap of the token is 0.231 and its market dominance is 0.59%.
Conclusion: LTC is just behind a pivot of 185.8 and so broader market support is required to bring the first resistance level into play.
The days range for the coin is 179-187. The LTC ATH is 412.96 and ATL is 1.11.
LTC ROI (approximate return on investment if purchased at the time of launch) is 3174.14%.
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour