TC Declines, Averaging $100 – April 24
LTC market declines, averaging the $100 support trading line to attest that the crypto-economy is yet to push out of a bearish trading condition. Price carries a positive sign, trading between $105 and $104 a minute at 0.23%.
LTC Declines, Averaging $100: LTC Trade
Resistance levels: $120, $135, $150
Support levels:$100,$90, $80
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LTC/USD – Daily Chart
The daily chart showcases the LTC market’s valuation declines, averaging $100. The present trading outlook suggests a returning motion to the upside in no time as the 14-day SMA indicator is nearly above the current price line underneath the 50-day SMA indicator. The horizontal line drawn at the $100 support level is the pivotal spot for more downs. The Stochastic Oscillators have crossed their lines southbound from the 80 range close to the 40 range. But, they are now seemingly trying to close their lines around it.
Will the market bounce back to the upside as LTC declines, averaging $100?
There is a probability that the market may bounce back soon to the upside as the LTC economy declines, averaging the $100 support level. A tinier-length trading candlestick is in the making to give a brighter signal toward getting a buying entry order in the near term. Being as it is, the forces either to the up or the down directions weak, making it difficult to get a decent order.
On the downside of the technical analysis, the LTC/USD trade activity is getting to swing back northward from the outward technical view. The USD leftover force to the downside may only lead price briefly around the $100 if the necessary delay to the upside will play out in the long run. Sellers’ catalyst in this business undertaking is weakening toward the value point mentioned earlier.
LTC/BTC Price Analysis
In comparison, Litecoin appears, giving in to a downward force as with the trending capacity of Bitcoin in the countering settings on the daily chart price analysis chart. Variant lower-lows are featuring closely beneath the trend line of the 14-day SMA. The bearish channel trend lines are to keep the trending outlook of the market to the downside. The Stochastic Oscillators are down closer to the range of 20. And they have closed their lines around it to signify the cryptocurrency pair’s price may experience a pause for a while in its subsequent operations.
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