Litecoin price – Litecoin price Forecast: LTC Gives Pullback What’s Next?

LTC bounced back from the support of $172.73

Litecoin price forecasts uptrend from $172.73 to $179.70 on Friday’s trading session

The 24-hour volume in LTC is at $3,415,822,406 with a 6.95% decrease

The LTC/BTC pair was trading at 0.003401 BTC with a gain of 1.91%

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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