- The LTC crypto price advanced by 10.5% in the last seven days.
- The daily trading volume for the Litecoin crypto is worth $867.548 M.
Litecoin (LTC) is a fork of Bitcoin with faster and cheaper transactions. It was created by Charlie Lee, a former Google engineer and Coinbase director. Litecoin has a finite supply and uses Proof-of-Work mining. Litecoin also tests new technologies like SegWit and Lightning Network before Bitcoin.
The market cap dominance of Litecoin is 0.301% in the market and the market cap value of the crypto is $5.301 Billion. Also, the volume/market cap ratio of the FIL crypto is 0.3682.
The crypto is trading with a market cap ranking of #18 as per CoinMarketCap and the circulating supply of the crypto is 74.088 Million LTC. The trading volume for the crypto also has advanced by 14.1% in the last 24 hours resulting in $851.703 Million.
The total supply of the Filecoin crypto is similar to the amount of max supply of 84.0 Million LTC. Also, the fully diluted market cap of the crypto is $5.998 Billion and the Litecoin price is trading 6,149% above its all-time low price.
Litecoin Crypto Derivatives Analysis
Litecoin crypto is trading with a long/short ratio of 0.9372 followed by the Coinglass data. The derivatives trading volume for the LTC crypto has also advanced by 22.5% and the long liquidation for the crypto is also high.
The reported long liquidation for the crypto is worth $1.63 Million and the short liquidation for the crypto is $493.02K. Moreover, the open interest for the crypto has declined by 1.8% resulting in $255.08 Million.
LTC Crypto Technical Analysis
Following a dynamic support line, the trading price of the LTC crypto is slowly advancing to higher levels. Despite this rise in the crypto price, a strong change of character level is yet to be taken out.
LTC/USD Chart by TradingView.com
The LTC crypto price is trading in a small range on the daily time frame and has formed a dynamic range.
The Bollinger band has also formed a small range on the charts while the EMAs are overlapping each other. The following behavior of the indicators represents uncertainty in the price of the crypto.
The MACD and the signal line also has declined below the zero level and is trading in a bullish cross. The move of the crypto is unclear unless the MACD lines break above the zero level.
Summary
The LTC crypto price has been rising slowly but faces uncertainty and resistance. The price is above a long-term support line but below a change of character level. The indicators are mixed and the trend is unclear. The LTC price needs to break above the resistance to confirm a bullish reversal.
Technical Levels
Support Levels: $24.30 and $60.70
Resistance Levels: $171.20 and $233.20
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.