Litecoin (LTC) Loses $118 Support, a Fresh Selling Pressure Likely

Litecoin (LTC) Loses $118 Support, a Fresh Selling Pressure Likely

Key Highlights
Litecoin price breaks the previous low at $118
The altcoin has resumed a fresh downtrend

Litcoin ( LTC) Current Statistics
The current price: $120.01
Market Capitalization:  $10,120,049,284
Trading Volume: $3,723,978,156
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis June 22, 2021
Litecoin’s (LTC) price fell to $107 low and resumed upward. Today, the LTC price is correcting upward to retest the $118 price level. If the downtrend resumes after retesting it, it implies that the selling pressure will resume. On May 23, the bulls bought the dips at the $118 price level as LTC rallied to $200. The upward move was terminated at $200. Litecoin fell and resumed a range-bound move between levels $145 and $200. Since June 18, the bears have broken the lower price range and have resumed the downtrend.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 29 of the Relative Strength Index period 14. It indicates that LTC is in the oversold region of the market. This also implies that the selling pressure will subside. Litecoin is below the 20% range of the daily stochastic. It indicates that the altcoin has reached the oversold region of the market. The 21-day SMA and the 50-day SMA are sloping southward indicating a downtrend.

LTC/USD – 4 Hour Chart

Conclusion
The crypto has resumed a fresh uptrend after breaking below the previous level at $118. On May 19 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the market will fall to level 1.618 Fibonacci extensions or level $47.95.

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Litecoin (LTC) Retraces to $170 Low, May Resume a Fresh Uptrend

Litecoin (LTC) Retraces to $170 Low, May Resume a Fresh Uptrend

Key Highlights
Litecoin price makes a series of higher high and higher lows
The altcoin has a target price of $188

Litcoin ( LTC) Current Statistics
The current price: $174.05
Market Capitalization: $14,629,270,166
Trading Volume: $11,619,818,093
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis June 15, 2021
Litecoin has risen to the high of $181 and it is currently retracing on the downside. For the past four days, the altcoin price has been making a series of higher highs and higher lows. Presently, the coin is retracing from the recent high. The uptrend will resume if price finds support before the previous lows. However, the uptrend may be terminated if price breaks the previous low.

LTC/USD – Daily Chart

  Litecoin (LTC) Technical Indicators Reading
LTC price has broken above the 21-day SMA and the resistance line of the descending channel. The uptrend will continue if the price closes above these levels. Litecoin is at level 44 of the Relative Strength Index period 14. It indicates that LTC is in the downtrend zone and below the centerline 50. The 21-day SMA and the 50-day SMA are sloping southward indicating a downtrend. Litecoin is above the 80% range of the daily stochastic. It indicates that the altcoin has reached the overbought region of the market. Litecoin is falling because of the overbought condition of the market.

LTC/USD – 4 Hour Chart

Conclusion
The altcoin is in an upward move. Litecoin is in an upward move. On June 10 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the market will rise to level 1.618 Fibonacci extensions or level $188.057.

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Litecoin (LTC) In a Sideways Trend, Resumes Selling Pressure

Litecoin (LTC) In a Sideways Trend, Resumes Selling Pressure

Key Highlights
Litecoin is failing to revisit the previous low
Litecoin is still in a downward correction

Litcoin ( LTC) Current Statistics
The current price: $157.43
Market Capitalization: $13,212,310,475
Trading Volume: $3,047,137,394
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis June 8, 2021
Litecoin is in a downward move. After its recovery from the $118 low, buyers push the altcoin to $200 high. The bulls could not sustain the bullish momentum above the resistance. On June 4, the bulls were rejected as the altcoin resumes a downward move. The coin is falling and may reach the previous low at $132.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The crypto is at level 37 of the Relative Strength Index period 14. It indicates that LTC is approaching the oversold region and the coin is capable of falling on the downside. The 21-day SMA and the 50-day SMA are sloping southward indicating a downtrend. The crypto has fallen into the oversold region of the market. LTC is below the 20% range of the daily stochastic. The implication is that buyers are likely to emerge to push prices upward.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin’s has been in a downward move. LTC price has broken below the moving averages as the altcoin falls. On May 28 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement implies that Litecoin will fall to level 1.618 Fibonacci extensions or level $138.69.


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Litecoin (LTC) Is Trading in a Confined Range, Uptrend Likely

Litecoin (LTC) Is Trading in a Confined Range, Uptrend Likely

Key Highlights
Litecoin is in a downward correction
Litecoin has a target price of $239

Litcoin ( LTC) Current Statistics
The current price: $184.07
Market Capitalization: $15,489,921,660
Trading Volume: $3,075,108,252
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis June 1, 2021
Following the bearish impulse on May 23, the altcoin fell to $118 low as bulls bought the dips. Buyers managed to push LTC to the $200 high. The uptrend could not be sustained above $200 resistance because of the selling pressure at the recent high. Today, Litecoin is falling on the downside. The downtrend is expected to reach a low of $170. Meanwhile, Litecoin is fluctuating between $160 and $200. LTC is falling and if price breaks below $160 support, the market will decline to the previous low at $118. Conversely, if buyers overcome the resistance at $200, the crypto will rally to $240 high. In the interim, LTC is in a downward move and may reach the current support.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The crypto is at level 40 of the Relative Strength Index period 14. It indicates that the market is in a downtrend zone and capable of falling on the downside.LTC/USD is below the 80% range of the daily stochastic. It indicates that the market is likely to fall. The moving averages are sloping southward indicating the downtrend.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin’s uptrend has been terminated as the altcoin resumes a sideways move below the $200 resistance. On the 4 Hour Chart, Litecoin is in an upward move but the uptrend is facing rejection at the recent high. On May 25 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement implies that Litecoin will rise to level 1.618 Fibonacci extensions or level $239.27.



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Litecoin (LTC) Reaches Bearish Exhaustion, Fluctuates above $150 Support

Litecoin (LTC) Reaches Bearish Exhaustion, Fluctuates above $150 Support

Key Highlights
Litecoin falls to $118 low
Buyers are likely to emerge

Litcoin ( LTC) Current Statistics
The current price: $175.12
Market Capitalization: $14,527,707,154
Trading Volume: $5,523,308,458
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis May 25, 2021
Today, Litecoin drops to $118 low and resumes upward but the uptrend is facing resistance at the recent high. In the previous price action, the coin retested the $220 high and fell to $118 low. However, if the current support holds, Litecoin is likely to be range-bound between $120 and $200. On May 19 downtrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that Litecoin is likely to fall to level 1.618 Fibonacci retracement level or level $48.68.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price has fallen below the 20% range of the daily stochastic. It indicates that the coin has reached the oversold region of the market. The implication is that buyers are likely to emerge.
The 21-day and 50-day SMA are sloping horizontally.

LTC/USD -4 Hour Chart

Conclusion
On the 4–hour chart, Litecoin is still in a downward correction. The upward move is facing rejection as price finds support above the 21-day SMA. On May 19 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that the market will rise to level 1.272 Fibonacci extension or level $102.10.

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Litecoin (LTC) Recovers above $275 Support, May Resume Uptrend

Litecoin (LTC) Recovers above $275 Support, May Resume Uptrend

Key Highlights
Litecoin resumes an uptrend above $275 support
The altcoin faces rejection at level $310

Litcoin ( LTC) Current Statistics
The current price: $306.30
Market Capitalization: $25,869,734,534
Trading Volume: $6,852,822,773
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis May 18, 2021
Litecoin has been in a downward movement since May 10. LTC/USD has fallen and found support above $275. The altcoin is recovering but the upward move is facing rejection at level $310. Litecoin is fluctuating below the resistance at $310. LTC price will rally above $325 if the bulls break the minor resistance at $310. However, if the bulls fail to break the $310 resistance, the bears will attempt to break the support at level $275. A break below $275 support will cause Litecoin to decline to $200 low.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price is above the 25% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The crypto’s price is above the 50-day SMA but below the 21-day SMA. If price breaks above the SMAs, the coin will resume the uptrend.

LTC/USD – 4 Hour Chart

Conclusion
On the 4–hour chart, Litecoin is rising on the upside. The upward move is stalled at the $310 resistance. On May 17 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the market will rise to level 2.0 Fibonacci extension or the low of level $324.74

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Litecoin (LTC) Is in a Downward Move as the Altcoin May Find Support Above $340

Litecoin (LTC) Is in a Downward Move as the Altcoin May Find Support Above $340

Key Highlights
Litecoin is in a downward move, approaching the $350 low
It has a target price of $320 low

Litcoin ( LTC) Current Statistics
The current price: $359.37
Market Capitalization: $30,202,613,550
Trading Volume: $11,037,650,926
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis May 11, 2021
Litecoin has been in a downward move since May 10, after its rejection from the $420 resistance zone. The altcoin has declined to $350 low. As the market retraces, it may find support above the $340 low. The $340 low was the previous resistance level that was earlier broken. The market will find support above that level. Nevertheless, a Doji candlestick has appeared above the current support. The candlesticks describe the indecision between buyers and sellers about the direction of the market.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The crypto’s price is far above the moving averages which indicate a possible rise of the coin. The altcoin is at level 65 of the Relative Strength Index period 14. This implies that the crypto is in an uptrend zone and may resume an upward move.

LTC/USD – 4 Hour Chart

Conclusion
On the 4–hour chart, Litecoin is in a downward move after the rejection at the recent high. On the 4 hour chart, the altcoin is likely to further decline. On May 10 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. This retracement indicates that the market will rise to level 2.618 Fibonacci extension or the low of level $317.30

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Litecoin (LTC) Pushes on the Upside but Unable to Breach $335 Resistance

Litecoin (LTC) Pushes on the Upside but Unable to Breach $335 Resistance

Key Highlights
Litecoin faces rejection from the high of $300
Litecoin (LTC) has a target price of $604

Litecoin (LTC) Current Statistics

The current price:$277.79
Market Capitalization:$23,412,773,647
Trading Volume:$5,981,847,650
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis May 4, 2021
Litecoin is in an upward move. The crypto is retracing after reaching the high of $300 high. In the first uptrend on April 17, the market reached a high of $335 and resumed the recent downtrend. The downtrend extended to the low of $207 as bulls bought the dips. On April 17 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Litecoin is likely to rise to level 2.618 Fibonacci extension or the high of $604.24.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 59 of the Relative Strength Index period 14. This implies that the crypto is in an uptrend zone and above the centerline 50. The moving averages are sloping upward indicating the uptrend. The crypto’s price is above the SMAs which suggests that the coin will rise.

LTC/USD – 4 Hour Chart

Conclusion
On the 4 –hour chart, Litecoin is in an upward move. the coin is falling after rejection from the high of $300. Meanwhile, on May 3 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the market will rise to level 2.0 Fibonacci extension or the high of level $333.50

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Litecoin Price Analysis: Litecoin Continues Plunging

Litecoin Price Analysis: Litecoin Continues Plunging

LTC/USD Key Levels:
Resistance Levels: 286.38, 244.20
Support Levels: 210.73, 189.88

Litecoin reached its highest price this year at $335.35 after which it has continued to fall successively. The price has dropped consecutively for eight days without a pause. It has actively struck the borders of the descending channel on both sides as it plunges.

Litecoin Price Anticipation
Litecoin drove down into a support level at 210.73 on the 26th of April and has bounced higher currently showing a strong bullish candle within the descending channel. The price is currently at a resistance zone at 244.25. It has been consolidating on the four-hour chart between the resistance zone 244.25 and the support zone 210.73

The strength of the previous day support level may push the price to break through the descending channel beyond the resistance zone to aim for $286.38. The price might also just bounce off the 244.25 zone back into the descending channel. Though the current trend is bearish, a breakout and a possible retest of the key zone can be anticipated to change the trend.

Parabolic SAR still maintains an overhead position for Litecoin candles. The Parabolic SAR shows a strong pull for price to keep falling as it rests confidently over the bearish candles on the daily chart on the daily chart. The Parabolic SAR has shown a point under the bullish candles which is a reflection of the bounce of the 211.03 support level on the four-hour chart.
MACD shows continuous crashing. The MACD signal line is pointing down and continuously dropping. The MACD signal line has dropped from 19.63 on the daily chart to 12.52 which is approaching level zero 0, pronouncing a bearish market on the daily chart.

On the four-hour chart, the MACD signal line is already below 0 level showing the bearish run. It slightly points up from below the 0 level reflecting today’s bullishness.

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Litecoin (LTC) Recovers Above $220 Support, Resumes Up Trending

Litecoin (LTC) Recovers Above $220 Support, Resumes Up Trending

Key Highlights
Litecoin falls and finds support above $220
The altcoin resumes an upward move as price reaches the overbought region


Litecoin (LTC) Current Statistics
The current price: $250.47
Market Capitalization: $21,022,256,372
Trading Volume: $4,521,614,241
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis April 27, 2021
Litecoin has been in a downward movement since April 17. The altcoin fell and found support above the 50-day SMA. In other words, the coin fell above $220 and resumed consolidation above it. LTC consolidated and corrected upward. The upward correction has reached the overbought region of the market. The market upward move is doubtful as price reaches the overbought region. Besides, the LTC price is facing rejection at the 21-day SMA.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 52 of the Relative Strength Index period 14. This implies that the crypto is in an uptrend zone and capable of rising on the upside. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend. LTC has risen and it is above 80% range of the daily stochastic. The market has reached the overbought region. This may attract sellers to push prices down.

LTC/USD – 4 Hour Chart

Conclusion
On the 4 –hour chart, Litecoin is in a downward correction. The upward correction is facing rejection at the 21-day SMA. Meanwhile, if the price retraces and breaks below the $220 support level the selling pressure will resume. Meanwhile, on April 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the market will fall to level 1.61 Fibonacci extension or the low of level $158.10

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.