1 Litecoin (LTCUSD) is currently trading at $90.65 with an incline of -0.07% in the 24 hours. 2 The Litecoin price is observing a decrease of -1.46% in the last 7 days. 3 The LTC market capitalization is $6.658 Billion. Litecoin is struggling to recover but facing rejections from...
- 1 Litecoin (LTCUSD) is currently trading at $90.65 with an incline of -0.07% in the 24 hours.
- 2 The Litecoin price is observing a decrease of -1.46% in the last 7 days.
- 3 The LTC market capitalization is $6.658 Billion.
Litecoin is struggling to recover but facing rejections from higher levels. An analysis of the price action reveals uncertainty for the asset. The price dropped by 1.41% in the past seven days.
From its all-time high of $1.15, it plunged by 77.85% in the last 2 years. The current market sentiment towards the coin is neutral. A decent volume is entering Litecoin at present. However, it looks like there is no big buyer interested in Litecoin.
LTC Coin Price Technical Analysis
The price of Litecoin (LTC) has been fluctuating around 50 and 200 SMAs, which indicates that the price movement is uncertain. If the sellers keep the pressure on, the coin’s value may decline next week.
The technical indicator MACD is moving towards a negative zone. The MACD line at 0.86 and signal line at -0.14 are under the zero line, implying that the MACD is moving toward the positive zone and is giving bullish signs.
The RSI read 46.28 points at press time. The 14 SMA line is currently under the middle line, around 47.17 points showing bullish market sentiment. The bearish trend is shown by the 14-day SMA line going below the middle line. As the price moves toward the oversold zone, the market is experiencing bearish sentiment.
Conclusion
Technical Levels:
- Support – The current support level is $83.14.
- Resistance –The current resistance level is $102.00.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.