- LTC coin worth is at the moment seeing a correction from the downtrend and may quickly attain the brand new excessive. It has seen a acquire of greater than 3% within the intraday session.
- Technical indicators of Litecoin suggests a powerful draw back momentum in worth for the long run. In distinction, LTC/BTC pair has seen a lack of greater than 0.85% up to now 24 hours.
LTC coin worth is at the moment seeing a weak correction on the each day chart and may quickly hit a brand new low sooner or later. Litecoin worth is at the moment buying and selling close to the worth of $147 and has seen a acquire of greater than 2.34% up to now 24 hours. LTC can be referred to as as “Digital Silver” attributable to its comparable properties with the BTC. It has to journey greater than 78% from its present worth to interrupt its all time excessive. It’s at the moment in a downtrend which makes it tough to push above the all time excessive.One can forecast a powerful progress in Litecoin worth in future.
Litecoin market dominance together with the market cap has seen a decline up to now few days however can quickly see a reversal. The amount of the coin has additionally seen a decline up to now few days. Quantity to market cap ratio of the asset worth suggests a powerful draw back momentum in worth for the long run. One can spend money on LTC as per their wants and threat capability.
Technical Indicators Of LTC Coin Value Suggests A Draw back Momentum In Value
The weekly technical chart of Litecoin suggests a powerful draw back momentum in worth for upcoming weeks. It has seen a drop of greater than 7% up to now week. On coming to the each day chart the worth has fashioned a consolidated zone on the each day chart. The upside momentum of LTC could face resistance whereas going upwards close to the worth of $200. Within the draw back pattern if the worth drops 5 to 10% under the present degree then a powerful bearish momentum might be seen sooner or later. The worth is buying and selling under the 50 and 100 DMA however can quickly see a constructive breakout. If the worth jumps 15 to twenty% above the present degree then a powerful upside momentum might be seen in future. LTC/BTC pair may additionally hit a brand new low in future.
Litecoin worth is at the moment seeing a draw back momentum in worth however can quickly revert to the uptrend. LTC/BTC pair may see a powerful draw back momentum in upcoming days.
Main Resistance: $200
Main Assist: $100