LTC

Jun 14 2021

Litecoin Price Prediction: LTC/USD Witnesses Price Upsurge in Ranges

Litecoin Witnesses Price Upsurge – June 14
The LTC/USD market operation witnesses price upsurge while it fails to break down the lower range-line. As of writing, the crypto records a positive rate of 2.95 percent to trade around the value of $175.

Witnesses Price Upsurge: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $130, $1200, $110

LTC/USD – Daily Chart
On the LTC/USD daily chart, the crypto’s market activity now witnesses a price upsurge in the range-bound zones of $200 and $150. The smaller SMA has slightly breached past the upper range zone as a small candlestick is in the forming toward it from the underneath to establish the somewhat presence of an upward movement in the market presently. The 50-day SMA indicator remains crossed downward by the 14-day SMA trend-line. The Stochastic Oscillators have struggling to cross the lines in favor of the upside between ranges of 40 and 80. That suggests that an upward move is in the offing.

Could the present price upsurge break the resistance of the $200 level in the near time?

As the LTC/USD market witnesses a price upsurge in its trading activities, bulls now have every good opportunity to push further to the north. However, the line of resistance at $200 may be tough for the furtherance of an upsurge force. From the technical point of viewing, the pushes seem to be maintained around the long-ranging zones of the market.

The downward forces of the crypto economy could still be obtained around the immediate resistance level of $200. The placement of all the indicators over the point earlier mentioned has indicated that some downward pressures can still feature in the process of price not heightening its move around that point. If bears fail to hold their appearance stronger around that in the near assumed possible consolidation moving manner, an upward force may in that case take over the market to gradually decimate bears’ impact in the long run.

LTC/BTC Price Analysis

It now appears that Litecoin cannot launch a position against Bitcoin. Therefore, there has been no tangible price upsurge to suggest that the base crypto will soon be pushing the trend as paired with the flagship counter trading tool. The 50-day SMA indicator is situated underneath the 14-day SMA trend-line as they both point toward the east. The Stochastic Oscillators have dipped into the oversold region to cross the lines to the northbound slightly over range 20. That suggests that the base crypto seems to be preparing the grand to regain the trending weight pairing with the counter crypto in the near time.

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Litecoin Price Prediction: LTC/USD Witnesses Price Upsurge in Ranges

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Jun 08 2021

Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Market Dares Breaking Lower – June 8
It is currently observed at a closer viewing point that the LTC/USD market dares breaking lower the range-line as the price has been fluctuating around the value of 155 at a rate of -4.24 percent.

Market Dares Breaking Lower: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $120, $110, $100

LTC/USD – Daily Chart
Today’s trading session as depicted on the LTC/USD daily chart that price dares now dares breaking lower range-line as the level of $150 has briefly traded past to the south initially. A bearish candlestick is in the forming motion. The 50-day SMA indicator SMA has been intercepted from the top by the 14-day SMA trend-line as the bearish remains crossed downward against the SMAs’. The Stochastic Oscillators have crossed the lines from the overbought region to point southbound briefly past range 40 suggesting a downside pressure is the offing.

Breaking lower past the range-line, will the ETH/USD market see a huge drawdown?

Breaking lower past the range-line, it has now been noticed by ongoing selling pressure in the ETH/USD economy that a southward move Is imminent in the near session. A sudden pull-up from the lower range point of $150 will most likely push back the market into another trial trading situation of a bullish trend returning. However, if such a presumed scenario doesn’t have a volatile move, the range-bound may tend to continue.

As both the bearish and the 14-day SMA trend lines remain placed at the immediate resistance and the upper range-line of $200 below the 50-day SMA indicator portends that some degree of downward pressure is still somewhat in the market operations. Bears ought to have taken the advantage of the situation to have placed a sell order around the upper range-line. But, they now have to be wary of their position around the lower range-line.

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LTC/BTC Price Analysis

Comparing the market moving-capacity between Litecoin and Bitcoin, the base crypto yet possesses a higher length as paired with the most valuable counter crypto to some extent. A line of variant higher lows is kept occurring on the buy signal side of the bigger SMA indicator. The 14-day SMA and the 50-day SMA trend lines are pointing toward the east direction to validate an ongoing range trading outlook of the cryptos. The Stochastic Oscillators have slightly crossed downward from the overbought region to point to the south near over range 40. Going by that, the base crypto is on the verge of breaking the lower range zone as placed against the counter cryptocurrency.

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Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

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Jun 05 2021

Litecoin Price Prediction: LTC/USD Trades Sideways Below $175

Litecoin Price Prediction – June 5

The Litecoin price is caught between the bull and the bear as the price of the cryptocurrency fluctuates sideways below the moving averages.

LTC/USD Market

Key Levels:

Resistance levels: $250, $270, $290

Support levels: $100, $80, $60

Looking at the daily chart, LTC/USD is still defending the support level of $170 again as the price hovers around $173. The Litecoin price is now moving below the 9-day and 21-day moving averages, with the Relative Strength Index (14) indicating a sideways movement. For the time being, the market price is moving within the channel and the technical indicator may be issuing some bearish signals.

Litecoin Price Prediction: Where is LTC Price Going Next?

According to the daily chart, the Litecoin price is yet to show a strong bear dominance in the long term. But the short-term outlook is range-bound. Meanwhile, a bullish interception above the 9-day and 21-day moving averages may set the next key resistance at $250, $270, and $290, moving towards the upper boundary. Nevertheless, we could experience a little rise before the rally begins.

Following the ongoing movement, the Litecoin price has recently plunged to $170 before a small rise to where it’s currently changing hands at $173. Therefore, a further rally is likely at $100, $80 with a possible new monthly low at $60. As we can see from the daily price chart, the trading volume has been drastically low in the past few days, suggesting that the bears may return to the market soon.

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When compares with Bitcoin, the Litecoin price has been moving in a very different way as sellers and buyers are trying to decide who will take charge of the market. Presently, the market price is moving under the 9-day and 21-day MAs, and towards the lower boundary of the channel while the technical indicator Relative Strength Index (14) is maintaining the sideways movement around 44-level.

However, the downtrend is seen giving the sellers the confidence to increase their entries and if the bears succeeded in breaking below the lower boundary of the channel, traders could expect the Litecoin price to fall towards the support level of 3800 SAT and below. Meanwhile, a rebound could increase it to the 5800 SAT and above.

Litecoin Price Prediction: LTC/USD Trades Sideways Below $175

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May 31 2021

Litecoin Price Prediction: LTC/USD Price Averages $200 Resistance

Litecoin Averages $200 Resistance – May 31
The present LTC/USD trading outlook suggests that the crypto’s price averages $200 resistance line after making a slight reversal from a lower point. As of writing, the market witnesses a 6.82% increment to trade around the value of $183.

Averages $200 Resistance: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $150, $1300, $110

LTC/USD – Daily Chart
It is currently depicted on the LTC/USD daily chart that the crypto market averages $200 resistance level. The 14-day SMA trend-line has moved southward from a high point to touch the 50-day SMA indicator at a lower area as the bearish trend-line remains drawn down across them to place a mark on the immediate $200 resistance level as an important line. The Stochastic Oscillators are around range 40 trying to open the hairs toward the north. That indicates the possibility of getting to see an upward move very soon in the crypto market.

As Litecoin averages a $200 resistance level, will be able to sustain beyond it?
A violent breakout is most needed as Litecoin versus the US Dollar’s market averages a $200 resistance level to be able to sustain beyond it. But, the kind of upside pressure being exhibited by the LTC/USD bulls isn’t suggesting sufficient safe trading status for bullish trend sustainability in the near time. As a result, more time of energy mustering is required by bulls around or even below the market point earlier mentioned.

The mid-point of $200 and $250 now appears to be the important price level that bears need to be on the lookout for as price’s tendency of reversing in those points is higher than making a smooth northward running afterward. A successful interception of the bigger SMA by the smaller SMA from the top will signal a return of some falling forces to feature for a sizeable number of days’ trading activities.

LTC/BTC Price Analysis
Comparing the trending weight that now exists between Litecoin and Bitcoin, the trading chart depicts that the base crypto is trying to regain its recently lost momentum as paired with the counter instrument. Variant candlesticks have converged in the space between the two SMAs. The 50-day SMA indicator is located underneath the 14-day SMA trend-line. And, the bearish trend-line drew briefly across the smaller SMA trend-line to locate a key line demarcating the trend lines of the SMAs. The Stochastic Oscillators have conjoined the hairs to slightly bend toward the south in ranges of 20 and 40. That indicates the possibility of getting to see less active pushes in the market as at the time of writing.

Litecoin Price Prediction: LTC/USD Price Averages $200 Resistance

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May 25 2021

Litecoin Price Prediction: LTC/USD Begins a Rally

Litecoin Begins a Rally– May 25
The LTC/USD market begins a rally after seeing a significant drop in its values over a couple of days’ trading sessions recently. Meanwhile, the crypto market hasn’t intensified much-required efforts to capitalize on the rallying motion over some last hours until now as price trades around $174 at a rate of -5.92% reductions.

Begins a Rally: LTC Market
Key Levels:
Resistance levels: $250, $300, $350
Support levels: $150, $130, $110

LTC/USD – Daily Chart
The LTC/USD daily chart shows that the crypto market begins a rally having briefly seen a breakdown of the lower support level of $150 during the May 23th day’s trading operations. Both the SMAs are still in a southward-bent posture to indicate that there are still somewhat of downward forces placing in the market. The bearish trend-line drew across the SMAs to the downside as the 14-day is over the 50-day. The Stochastic Oscillator is in the oversold region trying to open the hairs to the north direction.

Litecoin price begins a rally, will there be perfect upkeep?
There is a notable line of Litecoin that begins a rally taking its commencement around the formation of yesterday’s bullish candlestick that occurred from the depth of a downward pressure caused by the US Dollar. Having had that in place now, bulls are expected to muster catalysts to build up a buying wall from the support level of $150 or around it in the subsequent sessions.

As regards contrary to the upside trading sentiment, bears now have up to the mid-point of about in between the $200 and $250 to launch back forces against the current rallying move that Litecoin has begun on a gradual moving process. If the presumed sell-off situation at that point has to get on an intense, the previous lower trading level of $150 will most likely be going to be revisited. In the meantime, the present level could also good for investment time.

LTC/BTC Price Analysis
Weighing the level of the trading situation between LTC and BTC, it is depicted on the chart that Litecoin begins a rally as paired with Bitcoin after about two days that the bigger SMA trading breached to the south by the purchasing power of the counter tool. The 14-day SMA is located over the 50-day SMA. The Stochastic Oscillators are trying to open the hairs toward the north from the oversold region. That signifies that the base tool’s rallying against the counter instrument will soon materialize positively in the near time.

Litecoin Price Prediction: LTC/USD Begins a Rally

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