Litecoin Is Stuck in a Range, Finds Support above $140 Low

Updated:

Key Highlights
LTC price faces rejection at $152
Litecoin retraces and finds support above $140

Litecoin (LTC) Current Statistics
The current price: $140.14
Market Capitalization: $11,771,917,958
Trading Volume: $1,443,976,148
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis January 18, 2022
Litecoin’s (LTC) price is in a range-bound move but finds support above $140 Low. The crypto’s price breaks above the 21-day line moving average but below the 50-day line moving average. Litecoin is stuck in between the moving averages. The cryptocurrency will resume trending when the moving average lines are breached. However, if price breaks above the 50-day line moving average, Litecoin will commence an upward move. On the other hand, if price breaks below the 21-day line moving average, the downtrend will resume. Meanwhile, on January 17 uptrend, the altcoin rallied to $152 but was resisted. LTC price declined to the support above the 21-day line moving average or the $140 low.

Litecoin Is Stuck in a Range, Finds Support above $140 Low
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The price bars are between the moving averages indicating a possible range bound move. The crypto is at level 47 of the Relative Strength Index for period 14. The cryptocurrency is in the downtrend zone and below the centerline 50. . The altcoin is below the 50% area of the daily stochastic. It indicates that the market is in a bearish momentum.


Conclusion
LTC/USD is likely to resume an upward move as price finds support above $140 Low. The altcoin has found support above the $140 low. The uptrend is likely to resume if the current support holds. On January 13, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that Litecoin will rise to level 1.618 Fibonacci extension or $154.70. From the price action, the LTC price reached the high of $152 and reversed.

Litecoin Is Stuck in a Range, Finds Support above $140 Low
LTC/USD – 4 Hour Chart

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Litecoin (LTC) Reaches the Oversold Region, Holds Above $126 Support

Updated:

Key Highlights
LTC price retests $126 support
Litecoin reaches the oversold region

Litecoin (LTC) Current Statistics
The current price: $131.48
Market Capitalization: $11,044,176,016
Trading Volume: $827,199,880
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis January 11, 2022
Litecoin’s (LTC) price has fallen to the low of $120 as it holds above $126 support. The cryptocurrency is trading at $131 at press time. On December 4 price slump, Litecoin fell to $126 low but made an upward correction. The upward correction was terminated at the high of $165. This caused the crypto to resume selling pressure. Today, the bears are retesting the current support to break below it. The crypto will resume up trending if the current support holds. On the other hand, LTC/USD will decline to $104 if the current support is breached.

Litecoin (LTC) Reaches the Oversold Region, Holds above $126 Support
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The crypto is at level 32 of the Relative Strength Index period 14. Litecoin is now in the oversold region of the market. The selling pressure has reached bearish exhaustion. LTC price bars are below the moving averages. The upward move will resume when prices are above the moving averages. Litecoin is also below the 20% area of the daily stochastic


Conclusion
LTC/USD is in a downward move and has reached the oversold region of the market as it holds above $126 support.. Meanwhile, on December 16, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Litecoin will fall but reverse at level 1.272 Fibonacci extension or $117.96.

 Litecoin (LTC) Reaches the Oversold Region, Holds above $126 Support
LTC/USD – Daily Chart

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Litecoin (LTC) Fluctuates Between $144 and $155 as Buyers Recoup To Resume Uptrend

Updated:

Key Highlights
LTC price resumes downward correction
Litecoin fluctuates between $144 and $155

Litecoin (LTC) Current Statistics
The current price: $148.18
Market Capitalization: $12,451,441,024
Trading Volume: $12,451,441,024
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis January 5, 2022
Litecoin’s (LTC) price is still in a downward correction as buyers recoup to resume uptrend. Since December 28, the cryptocurrency fell to the range-bound zone at the bottom of the chart. On December 23 uptrend, the altcoin corrected upward but was repelled at the $165 resistance level. Consequently, LTC/USD fell below the moving averages. Today, Litecoin is consolidating above $144 support but below $155 resistance. The uptrend will resume if the bulls break above the moving averages or $165high.

Litecoin (LTC) Fluctuates Between $144 and $155 as Buyers Recoup To Resume Uptrend
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price is below the moving averages which indicate a possible fall of the cryptocurrency. The crypto has fallen to level 41 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. The market is above the 40% range of the daily stochastic. The bullish momentum is unstable as the price fluctuates.

Conclusion
Litecoin is in a range-bound move at the bottom of the chart as buyers recoup to resume uptrend. The price action is characterized by small body candlesticks called Doji and Spinning tops. The candlesticks are responsible for the current range-bound move. The candlesticks indicate that buyers and sellers are undecided about the direction of the market.

Litecoin (LTC) Fluctuates Between $144 and $155 as Buyers Recoup To Resume Uptrend
LTC/USD – 4 Hour Chart



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Litecoin (LTC) Revisits Previous Low as Buyers Regroup Above $140 Support

Updated:


Key Highlights
LTC slumps to previous low at $142
Litecoin resumes fluctuation between $140 and $160

Litecoin (LTC) Current Statistics
The current price: $148.20
Market Capitalization: $12,445,775,671
Trading Volume: $1,095,304,686
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis December 28, 2021
Litecoin (LTC) price makes a fresh decline after hitting the high of $165 as buyers regroup above $140 support. The crypto’s price has broken below the moving averages indicating a further decline to the downside. Litecoin has fallen to the previous low at $142. The cryptocurrency is likely to resume fluctuation in the previous range bound zone of $140 and $160. The current support has been holding since September. The uptrend may resume if the current support holds. On the downside, if the bears break below the $140 support, the market will decline to the low of $126. The $126 support is the previous low of the December 4 price slump.

Litecoin (LTC) Revisits Previous Low as Buyers Regroup Above $140 Support
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 39 of the Relative Strength Index for period 14. The cryptocurrency is in the downtrend zone and below the centerline 50. The altcoin is holding above crucial support which has been holding. The crypto’s price is now below the 21-day line moving average and the 50-day moving averages which indicate a downward move. Litecoin is above the 25% range of the daily stochastic. The market has resumed bullish momentum.


Conclusion
Litecoin is in a downward correction as buyers regroup above $140 support. . The altcoin will achieve upside momentum if it rebounds above the current support. Meanwhile, on November 26 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that LTC price will fall to level 1.618 Fibonacci extensions or $143.35.

Litecoin (LTC) Revisits Previous Low as Buyers Regroup Above $140 Support
LTC/USD – 4 Hour Chart

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Litecoin (LTC) Continues Consolidation Above $142, Uptrend Is Doubtful

Updated:

Key Highlights
LTC price resumes upward move
Litecoin trading at $155 at press time

Litecoin (LTC) Current Statistics
The current price: $155.50
Market Capitalization: $13,040,191,623
Trading Volume: $1,047,887,584
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis December 21, 2021
Litecoin’s (LTC) price is in a downward correction but an uptrend is doubtful. For over two weeks, the altcoin has been confined between $142 and $168 price levels. Buyers and sellers have failed to break the range-bound levels of cryptocurrency. For instance, if buyers breach the $168 high and the bullish momentum is sustained, the market will rally to $220. Conversely, if sellers break below the $142 support, the market will decline to $126 low.

Litecoin (LTC) Continues Consolidation above $142, Uptrend Is Doubtful
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is attempting to resume upward which has caused it to reach level 41 of the Relative Strength Index for period 14. Despite the marginal price movement, the altcoin is in the downtrend zone and below the centerline 50. Litecoin is above the 48% range of the daily stochastic. The market is in a bullish momentum. The upward move may face resistance at the recent high.

Conclusion
Litecoin’s bulls are initiating an upward move but an uptrend is doubtful. The bottom line is that the upward move dries up at higher price levels. Meanwhile, on November 28 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that LTC price will fall to level 1.272 Fibonacci extensions or $153.98.

Litecoin (LTC) Continues Consolidation above $142, Uptrend Is Doubtful
LTC/USD – Daily Chart

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Litecoin (LTC) Retests $140 Historical Price Level, May Resume Upward

Updated:

Key Highlights
LTC price consolidates above $140
Litecoin targets the high of $240

Litecoin (LTC) Current Statistics
The current price: $150.07
Market Capitalization: $12,604,931,840
Trading Volume: $1,140,759,567
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis December 14, 2021
Litecoin’s (LTC) price is in a downtrend. The cryptocurrency is now retesting the September 28 historical price level of $142. Today, the bullish candlestick is indicating an upward movement of the altcoin. In previous price action in September, the market rebounded above the current support to reach the previous high of $280. Nevertheless, if Litecoin rebounds above $148 support, the bullish momentum will break the initial resistance at $165 and rally to $200. A break above the $200 will propel the cryptocurrency out of downward correction.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 36 of the Relative Strength Index for period 14. The altcoin is in the downtrend trend zone and below the centerline 50. The crypto’s price is below the moving averages indicating the downtrend. Litecoin is above the 25% range of the daily stochastic. The stochastic bands are sloping horizontally above the 25% area of the daily stochastic.

Conclusion
Litecoin’s price is now consolidating above the $140 price level. The uptrend will resume if the altcoin rebounds above the current support. Meanwhile, on November 28 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that LTC price will fall to level 1.272 Fibonacci extensions or $153.76.

LTC/USD – Daily Chart


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Litecoin (LTC) consolidates above $149 support, uptrend is likely

Updated:

Key Highlights
LTC price consolidates above $149 support
Litecoin may resume an uptrend

Litecoin (LTC) Current Statistics
The current price: $160.10
Market Capitalization: $13,537,491,004
Trading Volume: $1,603,396,160
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis December 7, 2021
Litecoin’s (LTC) price is in a downward correction as price makes a steady rise above the $149 support. The bulls have been defending the $149 support for the past three days. There has been no significant price movement as the crypto consolidates above the current support. On the upside, if the LTC price rebounds above the current support, the market will rise to retest or break above the $1.10 resistance. This will cause cryptocurrency will be out of downward correction. Litecoin will further rise above the $220 high. Meanwhile, LTC/USD is still fluctuating above the $149 support.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 34 of the Relative Strength Index for period 14. LTC price is in the bearish trend zone and capable of falling on the downside. Litecoin is above the 25% range of the daily stochastic. The market has resumed bullish momentum. Litecoin’s price bars are below the 21-day line and 50-day line moving averages, which indicate a possible fall of the coin.

Conclusion
Litecoin has been in a downward move but reaches bearish exhaustion. The altcoin is consolidating above $149 for a possible upward move. Meanwhile, on November 18 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that LTC price will fall to level 1.272 Fibonacci extensions or $155.45.

LTC/USD – Daily Chart

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Litecoin (LTC) Resumes Upward but Is Stuck Below $220

Updated:

Key Highlights
LTC price rebounds above $182
Litecoin is in the bearish trend zone

Litecoin (LTC) Current Statistics
The current price: $213.02
Market Capitalization: $17,893,842,428
Trading Volume: $2,126,017,148
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis November 30, 2021
Litecoin’s (LTC) price has been in a downward move. The downtrend has reached bearish exhaustion as the altcoin reached the low of $189 and pulled back. On November 28, the LTC price rebounded above $182 but was stalled at $220. LTC price broke above the 50-day line moving average but pulled back because of the resistance at $220.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin has risen to level 48 of the Relative Strength Index period 14. The market is in a bearish trend zone and below the centerline 50. The price bars are below the moving averages indicating a possible fall. Litecoin is in a bullish momentum as it is above the 40% range of the daily stochastic.

Conclusion
Litecoin is in a downward move as price reached the low of $189 low The crypto’s price has resumed an upward move. Meanwhile, on November 19 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that LTC will fall but reverse at level 1.272 Fibonacci extensions or $177.81.

LTC/USD – Daily Chart

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Price Cracks Through Support Level In Kiwi Market

Updated:
NZDUSD Analysis – price cracks through the support level of the 0.68200 in the Kiwi market

Price cracks through the support level of 0.68200 in the Kiwi market. NZDUSD price system has been in a downtrend for a long time. The market system has been stacked in favor of the bears, and market sellers can keep Kiwi in a downward trend. As a result of the price decline, the sellers were able to break through an old support level of 0.68200. This fracture was fueled by the bear’s discretion and market favor. As a result, the price is anticipated to continue in the sellers’ favor until their momentum runs out.

Kiwi Significant Levels:
Resistance Levels: 0.71800, 0.70600
Support levels: 0.69309, 0.68200

NZDUSD Long Term Trend: Bearish
Glancing at the general orientation of the structure in the price, it is observed that the market pattern after a consolidation between the levels of 0.70600 and 0.69300 points of significance, the price movement formed an M-shaped market pattern as the bears and the bulls keep fighting for power. Arising after this pattern is a crack through the 0.68200 points of significance. The price first underwent indecision in the market with a Doji candlestick before the bears flows in.

Based on this, the bears will ultimately progress in their direction as long as the bearish phase has not expired. However, the price may witness a withdrawal back to this level before the downtrend can continue in a bearish light. The combination of the RSI (Relative Strength Index) and Stochastic Oscillator shows the price in the oversold region on the 1-day chart. This shows that a pullback will be impending at such a level before the bears can succeed in moving downward.

NZDUSD Long Term Trend: Bearish
The market shows a price rally in the movement of the NZDUSD. The market continues to be in the bears’ favor as the outbreak continues. The bears are also certain to go downward. The TSI (True Strength Indicator) of the market displays price movement as the downtrend is set in motion by the sellers after breaking through the 0.68200 significant level. The price is anticipated to go lower after the withdrawal to that level.

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Cryptocompare November Report Shows Ethereum, Litecoin, and Solana ETPs Performed Better than Bitcoin’s

Updated:

On-chain provider Cryptocompare revealed, in its latest edition of its Digital Asset Management Review, that Ethereum, Litecoin, and Solana ETPs performed significantly better than Bitcoin’s in November. The analytics platform publishes a research report every month on the cryptocurrency investment product sector. These products are ETPs tethered to top crypto assets, like Grayscales’s GBTC and ETHE funds.

Cryptocompare researchers revealed that:

“The majority of AUM for trust products continues to reside in Grayscale’s Bitcoin (GBTC – $38.1bn – down 10.1% since October) and Ethereum (ETHE – $12.9bn– up 3.6%) products.

ETC Group’s BTCE product regained the position of highest AUM ETN/ETF product with a gain of 1.2% to $1.5bn. This was followed by Purpose’s Bitcoin ETF (BTCC) and 3iQ Coinshares’ Bitcoin ETF (BTCQ), which fell 6.5% and 10.1% to $1.4bn and $1.2bn, respectively.”

The report deduced that the general crypto-based ETP daily volume dropped by 13%, but the volume of top Ether-based ETP soared. The researchers noted that: “Average daily trading volumes across all digital asset investment product types fell by an average of 13% from October to $732mn/day.”

Bitcoin-Based Investment Products “Performed Poorly”: Cryptocompare

The report added that Bitcoin-based investment products had a relatively poor performance, while LTC and SOL-based ETPs performed decently. Cryptocompare detailed that Graysacle’s basket fund, which tracks some of the largest crypto assets by market cap, recorded a -15.5% drop in November.

The research, which examined data within a 30-day frame ending on November 19, revealed that: “BTC-based investment products generally saw negative returns in November, led by ETC Group’s BTCE product which returned -13.1%. Similarly, Grayscale’s GBTC trust returned -10.2%.”

The report concluded that: “The best performing investment product was Valour’s BTCZERO product, which returned -6.6%. On the other hand, alternative coins-based products saw positive returns throughout the month, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively.”

 

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