- LTC/USD price is currently trading near the major support zone over the monthly chart, with average volume activity.
- The crypto asset is currently placed below its all vital moving averages of 20, 50, 100, and 200-day lines, while bulls are trying to accumulate near the primary support zone.
- The pair of LTC/BTC is trading on a slightly positive note at 0.003083 BTC with an intraday gain of +0.78%, and the ratio of LTC/ETH is CMP at 0.04073 ETH with a 24-hour change of -1.81%.
LTC/USD price faces significant selling pressure from the higher levels and reaches near the primary support zone. Since the past few trading sessions, the crypto asset has been trading under a definite bearish trend. The Bulls can overcome the bears, as Litecoin price trades near the vital support zone. We can expect the bounce back to $160 to $175 in the short term once the token regains its vital MA of 20 and 50-day lines. Litecoin price is CMP near the significant support or demand zone, and soon we can see an upswing if bulls manage to hold the support zone. Volume over the chart is still average and recorded near the average volume line, which needs to improve sharply. Support on the lower side is at $120 and $102, whereas resistance on the higher side is $158 and $175.
LTC/USD price at the weekly chart is currently trading under the tight range of $120 to $172
LTC/USD price at the weekly chart is currently trading under the tight range of $120 to $172. The digital asset price is currently consolidating under a sideways pattern, with no sign of solid momentum. Presently, Litecoin price is trading at $131 with an intraday gain of +1.97%, and the volume to market cap ratio is at 0.08787.
Relative Strength Index (BULLISH): LTC/USD price RSI presently indicates a positive trend at the weekly chart, with a strong recovery from the oversold zone. RSI moves higher after recovery from the oversold zone and RSI at 51.
Moving Average Convergence Divergence (MIXED): This currently indicates a mixed trend on the daily chart. The buyer’s signal line (green) and the seller’s (red) overlap with no significant momentum.
Support levels: $120 and $102
Resistance levels: $158 and $175.
DISCLAIMER
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
