- Litecoin price performs in a positive momentum this week
- Litecoin current price is $142.59, which is up by 1.39% in last the 24 hours and 1.06% up from the previous week
- LTC/BTC pair performs negative with a loss of 2.01% in Monday’s trading session (0.004285)
Litecoin price was in positive momentum on the weekly chart and went up to $185.78 on January 10, 2021, by breaking above the resistance zones created in the past. LTC price set up a mark of 52-weeks high with the help of overall market conditions. The LTC/BTC pair is in an uptrend with a value of 4.60% in Monday’s trading session (0.004345).
Litecoin Technical Charts Indicates Bearish Momentum
The daily technical chart of Litecoin price highlights a positive trend with the help of overall market conditions on Monday’s trading session. Litecoin price is currently sitting at $142.59, with a resistance zone of $171.78, following the support zone of $134.31. On diving into the weekly chart of a 15-minute time frame, it formed a bearish engulfing candlestick pattern. Indicating bears have overwhelmed bulls and are now in control.
The Volume indicator of value (231.341K) reflects a moderate buying volume in the coin with the overall market’s help. We can further see an increase in volume in Monday’s trading session.
MACD indicator (Bearish) cannot observe any bullish crossover on the signal line on January 25, 2021, during the trading session. This indicates a sell signal in the coin for a short while and observes red bars in the Histogram.
Meanwhile, the RSI indicator (Neutral) with a value of 50 indicates a neutral signal in the coin. One cannot observe any bullish or bearish sign on RSI, so the trend remains unclear.
Litecoin price is up by 1.39% on Monday’s trading session. The price gave a pullback from the support zone of $134.31. Investors can further expect a bullish trend in the coin till the next resistance zone of $171.78
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