- Litecoin price is trading in a consolidated phase with a hint of an uptrend. It might soon go beyond $200
- LTC coin price technical indicators hint at the start of an uptrend for the future. Meanwhile, LTC/BTC pair is observing a gain of 0.8% in the intraday session.
LTC crypto price is currently seeing a consolidated momentum with a hint of an uptrend and is trading near the value of $135. It has seen a loss of more than 2% in the past 24 hours. One might say LTC as a “Digital Silver” due to its unique properties and similarities with BTC. It has seen a loss of more than 60% in the recent downtrend . Resistance for Litecoin on the upside can be observed at $250. Meanwhile, the bounceback region in the token price can be seen near $120. The price is currently trailing below 50 and 100 Daily Moving Average and has a negative crossover in the past . The 50MA line is currently near the value of $156 making it a temporary hostile region for the asset price. Litecoin has an ROI of more than 3700% which has always attracted the investors . LTC/BTC pair is currently observing a weak momentum but can soon see a new high.
Litecoin has a market capitalization of more than $11,476,144,847 and has seen an increase in market dominance. The 24-hour trading volume of the LTC has seen a decrease of 6%. Volume to market capitalization ratio of the token is at 0.1771 and it suggests a consolidated momentum with a hint of an upside trend.
BULLS Are Gearing For A New Run In LTC Crypto Price
LTC coin has started to form a bullish candle on the weekly chart hinting at an upside correction for the price. While coming on to the daily chart the price has started to show the signs of upside momentum. The price can see a strong upside momentum in future. If it went down below $100 then a downside momentum can also be observed. LTC/BTC pair can also break the resistance created in the past and can see a new high
The volume indicator of the coin on the daily chart is near 443k while hinting at a buying pressure. If the price jumps above $150 then a huge increase in buying volume can be seen.
CONCLUSION
LTC crypto price is currently in a consolidation phase and can see new heights. LTC/BTC pair can also accompany the gain . One can position their funds in LTC according to their risk appetite.
Technical Levels
Major Support:$120
Major Resistance:$250