Litecoin

Resistance

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Litecoin (LTCUSD) is currently trading at $90.65 with an incline of -0.07% in the 24 hours.</a> </li> 
 <li> <span>2</span> <a>The Litecoin price is observing a decrease of -1.46% in the last 7 days.</a> </li> 
 <li> <span>3</span> <a>The LTC market capitalization is $6.658 Billion.</a> </li> 
</ul> 
<p>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.</p> 
<p>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.</p> 
<p>Furthermore, Litecoin may face more challenges and risks in the volatile and competitive crypto market. Nevertheless, Litecoin may benefit from any positive developments in the crypto space or its project.<br></p> 
<h2 class="wp-block-heading" id="strong-ltc-coin-price-technical-analysis-strong"><strong>LTC Coin Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="465" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis-1024x465.webp" alt="LTC Coin Price Technical Analysis" class="wp-image-154592" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis-1024x465.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis-300x136.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis-768x348.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis-750x340.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis-1140x517.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/LTC-Coin-Price-Technical-Analysis.webp 1272w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: LTC/US DOLLAR .1D by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>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.</p> 
<p>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.</p> 
<p>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.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>In <a href="https://www.thecoinrepublic.com/2023/07/26/litecoin-price-prediction-2024-will-ltc-bounce-back-from-80/" rel="noopener noreferrer nofollow">Litecoin</a> (LTC), a fierce battle between bulls and bears is visible as the coin tries to bounce back. The price movement shows that the price may rise more in the following days if the upper resistance level is broken. LTC price indicates a positive scenario at the moment. The EMA, RSI, and MACD are giving neutral signs about Litecoin. There has been a spike in investor confidence because of the excellent performance of the coin in recent times. Litecoin is not showing any recovery signs right now.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support – </strong>The current support level is $83.14.</li> 
</ul> 
<ul> 
 <li><strong>Resistance –</strong>The current resistance level is $102.00.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>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.</p>

LTC Price Prediction: Is Litecoin Initiating a Recovery Phase?

Table of Contents

Thecoinrepublic.com

Other articles published on Jul 27, 2023

The Best Crypto of 2023? How Early Chancer Presale Participation Could Yield 100x or More

Go! SmartChain: The Next-Gen AI-Powered Blockchain Operating System Elevating Scalability & Priva...

BlackRock partners with Jio Financial Services to tap into India’s digital assets market

Solana Founder's SOL Advice to Bitcoin Bulls! "We're Faster!"

Decentralized Stablecoin GHO Launches on Ethereum’s Mainnet, InQubeta (QUBE) and Polkadot (DOT) W...

Israeli government forms special team to regulate Crypto DAOs

Join our free newsletter for daily crypto updates!