Coin Gabbar Token

<h2 id="header-0">According to the chart, LTC finds support at $50.00 after being rejected at $58.50.While the price has settled above $50.00, the bearish pressure has not yet faded fully.</h2>Over the past 24 hours, the larger cryptocurrency market has seen mixed market sentiment, with most major cryptocurrencies seeing both positive and negative price movements. Major participants include XRP, which gained 5.21 percent, and ATOM, which lost 12.14 percent.Today&#39;s bears have been quite aggressive, and the market has experienced significant selling pressure. The <a href="https://www.coingabbar.com/en/crypto-currency/litecoin-ltc-prices-usd" rel="noopener noreferrer nofollow">LTC/USD</a> pair is expected to rise as long as support around $50.01 holds. If prices go below this level, they may fall below $48.00. If the bulls can push prices over $53.75, we may see an extended rally.Several candle wicks made for the $53-$52 zone in late August and early September. This created the zone as a significant source of liquidity where demand could be met.However, over the last several days of trading, the sellers have taken control. As a result, the bias for the next few days will be bearish. This might change if LTC can retake the $54 support zone.When we move down to a lower time frame, we can see a one-hour bullish engulfing candle. The previous bearish market structure returned in the hours after the formation of this candle, with a sharp drop below $51.5. The price fell as low as $50.01.As a result, the candle was classified as a bearish order block. A set of Fibonacci retracement levels was also created for this move down to $50.01. They calculated the 78.6% retracement level to be $52.98.This level also acted as resistance, and LTC fell further on a retest of the order block. Short positions can attempt to profit at the $50.01 lows, and aggressive traders can even target $48.00.Bears holding their position around the value line for a long period of time when the cryptocurrency declines to the point today is one of the trading conditions that might lead to the LTC/USD market dropping further over the $50 level. A 1-hour or 4-hour bearish candlestick in a lower-trading zone may provide buyers an opportunity in hedging against wild drops from the value point. As a result, long-position traders would be advised to be cautious if that expectation comes true later.The daily Litecoin price analysis confirms and gives a sell signal, with 14 indicators indicating a downward trend and only five suggesting an upward movement. The study indicates bearish dominance on the mid-term charts, as well as weak buying pressure for the asset on the same timeframe. Meanwhile, seven indicators remained neutral and did not provide any indications at the time of the writing.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis,</a> The market capitalization of this LTC is estimated to be $3,683,040,214. The 24-hour trading volume for the coin is around $536,686,226. LTC market capitalization has fallen by 0.39%. However, trade volume increased by 1.26% during intraday trading. The market capitalization to volume ratio is 0.1457.On the upside, the price is facing resistance at $53. The major resistance is found near $55. A clear break over $55 might jump a strong rise towards $58. Any more advances might open the door for a move towards the $60 level.If LTC fails to break through the $53 resistance level it may begin a new fall. On the downside, initial support is at $0.3700. The next major support level is at $50. A breach below the $50 support level may increase selling pressure. In the aforementioned scenario, the price of LTC might fall to around $46 in the near future.KEY LEVELS :RESISTANCE LEVEL : $54-$58SUPPORT LEVEL : $49-$45<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4eb927c6b5024044a8632f1b41343f15.png" />Will LTC break $50 or reverse from this level? Please comment on it.

LITECOIN PRICE ANALYSIS CMP-$51.70: Will LTC hold $50 in bear market?

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