Litecoin

Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Litecoin crypto price decreased by 23.25% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>LTC crypto price at press time was $64.07 with a rise of 0.19% in the last 24 hours with a current market cap of $4.715 Billion.</a> </li> 
 <li> <span>3</span> <a>LTCUSD is under bearish pressure.</a> </li> 
</ul> 
<p>The LTCUSD price prediction shows that the coin broke the lower trendline support on the daily time frame chart. Litecoin crypto needs to increase its positive momentum in order to break out from the bearish momentum. However, sellers may approach 50-SMA which is acting as a resistance to the crypto price. However, the 24-hour trading volume (56.69K) is lower than the 10-day average volume(167.699K).</p> 
<p>LitecoinUSD has performed poorly so far this year. Year-over-year returns are -8.60% while returns over the past 6 months are -34.24%. The return was -30.24% last month and -23.27% last week. Technicals signal selling pressure while the technical oscillators indicate neutrality. The moving averages are also on the strong sell side. This shows bearish dominance in the market.</p> 
<p>LTCUSD price prediction implies that investor sentiments regarding the Litecoin coin are bearish. Investors may prefer to keep a keen watch over the crypto. Presently, the Litecoin price is below all the key EMA and MA levels.</p> 
<p>The present value of LTC is $64.05. It has a market capitalization of around $4.714K Million with a fully diluted market cap of $5.382 Billion. The crypto has a circulating supply of 73.557 Million.</p> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/18/xrp-crypto-price-prediction-will-xrpusd-change-the-game-in-2023/" rel="noopener noreferrer nofollow">Litecoin crypto price prediction</a> suggests the token produced an interesting declining pattern. The crypto is struggling to move above 50, 100, and 200-day daily moving averages.</p> 
<h2 class="wp-block-heading alignwide" id="strong-technical-analysis-of-litecoin-crypto-strong"><strong>Technical Analysis of Litecoin Crypto </strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104-1024x466.png" alt="Litecoin Crypto: LTC Bullish or Bearish Outlook in 2023?" class="wp-image-160400" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-104.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Litecoin.1D.USD by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At present, Litecoin crypto (USD: Litecoin) is trading below the 50 and 200-day simple moving averages, which shows bearish momentum.</p> 
<p>However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the Litecoin price is expected to move downwards giving bearish views over the daily time frame chart.</p> 
<p>The current value of RSI is 18.08 points. The 14 SMA is below the median line at 32.27 points which indicates that Litecoin crypto is bearish.</p> 
<p>The MACD line at -6.00 and the signal line at -4.03 are below the zero line. A bearish crossover is observed in the MACD which signals bearishness for the Litecoin crypto price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Litecoin price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. Litecoin (USD: Litecoin) technical indicators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the Litecoin crypto price.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> Nearest support levels are $58.75 and $47.99</li> 
 <li><strong>Resistance Levels:</strong> Nearest resistance levels are $71.83 and $78.46.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Litecoin Crypto: LTC Bullish or Bearish Outlook in 2023?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 19, 2023

OpenSea Announces the End of Binance Smart Chain (BSC) Support

Grimace NFT: 2,000 NFTs in the Launch by McDonald’s Singapore

Grayscale vs SEC Verdict Faces Another Setback, Decision Postponed for the Second Time

US SEC Officially Acknowledges XRP Is Non-Security in New Court Filing

Bitunix Expands Team with Expert Slater for Strategic Asian Expansion

Shiba Inu Lead Developer Promises To Scale Shibarium By 1500%

Join our free newsletter for daily crypto updates!