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Buaicphointí Key
Litecoin plunges to $51 low and corrected upward
LTC risks further downward move as price reaches overbought region
Staitisticí Reatha Litecoin (LTC)
An praghas reatha: $ 52.49
Caipitliú Margaidh: $ 3,453,939,467
Imleabhar Trádála: $ 2,849,880,504
Mórchriosanna soláthair: $ 70, $ 80, $ 90
Criosanna éilimh mhóra: $ 50, $ 30, $ 10
Anailís Praghsanna Litecoin (LTC) 3 Samhain, 2020
Litecoin has been on a downward move. Today, the bearish impulse reached a low of $51 and corrected upward. Presently, it is facing another rejection at the $53 high. There is a likelihood of a further downward move.
On the downside, if price retraces and breaks below the $51 support, the market will drop to $46 or $47 support. The coin will resume an uptrend if the price finds support above $51. The $51 support is where the coin resumes upside momentum.
Táscairí Teicniúla Litecoin (LTC) Léamh
The coin is below the 60% range of the daily stochastic. It indicates that it is in the bearish momentum. The selling pressure of the coin will persist once the price breaks below the SMAs. The coin is at level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand.
Conclúid
Litecoin is likely to further decline as price retests the $56 high. On October 30 downtrend; a retraced candle body tested the 61.8% Fibonacci Retracement level. This indicates that the market will further depreciate to level 1.618 Fibonacci extensions or $47 low.
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