Coin Gabbar Token

Recent Litecoin price analysis shows a bullish market trend, with the price of Litecoin rising to $55.20. The currency is now trading at this level after falling from an intraday high of $56.25.Over the last three days, the cryptocurrency has been consolidating between the ranges of $51.63 and $56.70. Today, the Litecoin price managed to break out of this range to the upside.The bulls took control of the market, driving the price up from $55.78 at the open to $56.25 at the close. Litecoin is now facing resistance at this level as it attempts to retrace down below $56.<a href="https://www.coingabbar.com/en/crypto-currency/litecoin-ltc-prices-usd" rel="noopener noreferrer nofollow">The 24-hour Litecoin price analysis</a> shows a 1.22% decrease. The entire market capitalization is $4,639,576,092 and the 24-hour trading volume is $469,251,629 While the price is trading near the centre line of the Bollinger Bands, the Upper Bollinger Band has expanded, indicating a rise in volatility.The 4-hour chart for Litecoin price analysis shows that the price of Litecoin has been rising since hitting support at $54. The currency has made higher highs and lower lows, indicating that the bulls are in charge of the market. The LTC/USD pair is attempting to go higher by following an ascending support line.The 4-hour MACD line is above the signal line and entering positive territory. This indicates that positive momentum is forming in the market as prices continue to rise. The RSI is now at 51, indicating that the market has an opportunity to rise in the near term. Prices are trading near the middle line of the Bollinger Bands, with the upper Bollinger Band at $56.62 and the lower Bollinger Band at $52.00.To conclude, Litecoin price analysis shows that the bulls are in charge of the market, and the market is ready to rise as the bulls take control. The majority of technical indicators are indicating a bullish breakout in the near term. The daily and hourly charts indicate a bullish breakout that is expected to occur in the near term.KEY LEVELS :RESISTANCE LEVEL : $56.50-$58.00SUPPORT LEVEL : $54.00-$53.00Get more crypto related updates on :-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cryptocurrency price update: LITECOIN PRICE ANALYSIS : LTC takes support from bullish channel line. What next?

Coingabbar

Other articles published on Aug 30, 2022

THE BIRTH OF A NEW CIVILIZATION

BRN Metaverse and Reef Chain Partnership

5 Things You Didn't Know About Litecoin (2022 Edition)

SIDUS HEROES Patch Notes ver.0.2.1 - Toadwing Eggs Uses and Deposit Bonuses

Top Cryptocurrency News: Argentinian Province Mendoza Starts Accepting Tax Payments in Cryptocurr...

Ready for Round 2? BOOSTER 2 - Banano Hackathon Competition!

Join our free newsletter for daily crypto updates!