- Litecoin price has seen bullish momentum from JAN 27,2021 and continuing its trend ever since
- LTC price is currently trailing at the value of $160.03 with a gain of 4.45% in the 24-hour time frame and 21.67% from last week
- LTC/BTC pair is trading at the value of 0.00404BTC with an intraday loss of 1.19%
After hitting the price slab of $163.43, Litecoin projected a negative retracement. The current price of litecoin is $160.04, with a gain of 4.88%. The coin is trading above 50 and 200 Exponential Moving Average. The 50 MA blue line is currently at the value of $133.53, making it temporary support for the price. The volume of litecoin has seen a gain of 14.89% and the market capitalization went up by 5.14%.
The weekly chart of Litecoin shows” Bulls are Coming to Rest “in today’s trading.LTC is facing the resistance at the value of $170, and the support region is at the value of 140.83.LTC/BTC pair is currently facing resistance at the value of 50MA. This pair has also formed a Doji candle in the past trading session, showcasing the investors’ dilemma.LTC has formed a bullish engulfing pattern in the past, indicating the price may see an upwards trend in upcoming days.
MACD(Bullish): MACD has given a positive crossover signal in the past trading session. It indicates a bullish momentum in the current market scenario. Bars of the histogram also indicates a positive momentum with higher strength.
RSI(Bearish): It is currently trailing at the level of 61.09, marking its presence in the Overbought zone. A positive slope is formed in the RSI, which indicates that the LTC price may see an uptrend in upcoming days.
LTC price is seeing a bullish trend and can break the major resistance level.LTC/BTC pair is facing resistance from 50MA and showing no sign for a positive comeback. An investor should do their due diligence before investing in Litecoin.
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