The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home News

Litecoin Token Can Regains Momentum, As Holding Supports?

Pratik Chadhokar by Pratik Chadhokar
September 12, 2021
in News
0
litecoin coin
211
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter
  • Litecoin token over the monthly chart is trying to get stable by sustaining above its major moving averages of 50, 100, and 200-Days. 
  • The crypto asset is presently facing minor resistance of 20-day short-term moving averages while needs more volume for strong reversal. 
  • The pair of LTC/BTC is trading on a negative note at 0.003973 BTC with an intraday loss of -2.05%, and the ratio of LTC/ETH is CMP at 0.0531 ETH with a significant intraday loss of -4.47%. 
tradingview

Litecoin token seems gating stable near its vital moving averages after a sharp selloff from higher levels. The digital asset at the monthly chart can regain its lost bullish momentum it manages to hold its major DMA lines. Moreover, if LTC can break its minor resistance line of 20-DMA, we can see a strong recovery.

Volume over the chart is comparatively lower, which needs to improve for a rally in the upcoming trading sessions. The overall trend is still in favor of bulls until the coin sustains above 50, 100, and 200-DMA lines, with positive volume traction. Support on the lower side is $162 and $151, whereas resistance on the higher side is $189 and $198.      

Related articles

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

August 9, 2022
Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

August 9, 2022

Litecoin token is trading under the ascending triangle pattern    

tradingview

Litecoin token is trading under the ascending triangle pattern, with higher highs and lower patterns. The volume over the weekly chart is still lower and needs to improve for a positive breakout from the pattern. Meanwhile, the technical parameters are gradually turning positively, with a good recovery from lower levels. The significant level to watch out for short-term traders is $189. Above this level, we can see bullish momentum in the short term. Presently, the litecoin token is trading at $182 with a flat intraday action of -0.52%, and the volume to market cap ratio is at 0.1995. 

Relative Strength Index (BULLISH): Litecoin token RSI indicates a gradual bullish trend after consolidation over the weekly chart. In contrast, the RSI trades at the neutral zone while heading towards the higher area and now CMP at 50.    

Moving Average Convergence Divergence (BULLISH): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red) with a positive crossover.   

Support levels: $162 and $151 

Resistance levels: $189 and $198. 

Share84Tweet53
Pratik Chadhokar

Pratik Chadhokar

Pratik Chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and possesses strong technical analytical skills. He is well known for his entertaining and informative analysis of the Financial markets.

Related Posts

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

by Nancy J. Allen
August 9, 2022
0

DASH coin recently moved above an upside parallel channel on the one-hour time frame.The DASH coin is trading above the...

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

by Antonio K Smith
August 9, 2022
0

Basic Attention Token price is trying to sustain above the horizontal; range-bound area over the daily price chart.BAT crypto has...

Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

by Ritika Sharma
August 9, 2022
0

Monero price is trying to recover itself inside the rising parallel channel over the daily chart.XMR crypto has recovered above...

1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

by Nancy J. Allen
August 9, 2022
0

1inch Network price is trading inside a rising wedge pattern over the daily chart.1INCH crypto has recovered above 20 and...

Shiba Inu Price Analysis: SHIB Consolidates inside an Ascending Triangle, What about its Recovery?

Shiba Inu Price Analysis: SHIB Consolidates inside an Ascending Triangle, What about its Recovery?

by Antonio K Smith
August 9, 2022
0

Shiba Inu price is trying to surge through an ascending triangle pattern over the daily chart.The crypto asset has recovered...

Load More
  • Trending
  • Comments
  • Latest
charged-particle-backdrop

Charged Particles Helps in Making the Future of Nextgen NFTs

May 13, 2021
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
Powerledger

Powerledger is revolutionizing the world of energy

January 31, 2022
ETH

Ethereum Analysis: Ethereum Hits A New All-Time High of $1467; ETH On Longspan Bull Rally?

January 28, 2021
DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

August 9, 2022
Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

August 9, 2022
Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

August 9, 2022
1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

August 9, 2022
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?