Litecoin price – Litecoin price Forecast: LTC Gives Pullback What’s Next?
LTC bounced back from the support of $172.73
The 4-hour technical chart of Litecoin price action forecasts an uptrend. According to pivot points, LTC’s critical support level is placed at $172.73. Whereas if it moves up, the key resistance level to watch is $228.77. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern which represents bulls are in control.
SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) intersects below the SMA-50 (white), which projects a bearish trend. The price is also below SMA-100 (yellow). Investors may perceive a negative crossover in the SMA, and the price will also follow the negative trend for a short while.
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RSI indicator (BEARISH), with a value of 44, indicates a sell signal in the coin for a short while. Moreover, Investors can see an upward slope from 25 to 44 in the index, and it may soar in future trading sessions.
Litecoin price traded at $179.70 with a gain of 6.0% in the last 24-hour and 12.69% down in the weekly time-frame. Furthermore, LTC bounced back from the support of $172.73. In contrast, the market capitalization stands at $11.82 billion. Technically, investors can perceive a negative crossover in SMA for a short while. Moreover, the price movement can be towards the resistance of $228.77.
Resistance: $228.77
Support: $172.73
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Litecoin price – Litecoin price Forecast: LTC Gives Pullback What’s Next?
Tags: Litecoin price
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