Litecoin ( LTC) Trades Between $168 and $192, May Resume Upward
Login

Litecoin ( LTC) Trades Between $168 and $192, May Resume Upward

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Highlights
LTC/USD is in a vertical rally, faces rejection at level $240
Litecoin fluctuates between levels $168 and 192

Litcoin ( LTC) Current Statistics
The current price: $184.72
Market Capitalization: $15,533,495,257
Trading Volume: $4,756,611,126
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis September 14, 2021
Litecoin’s (LTC) price is consolidating above the $170 support after the September 7 bearish impulse. The price action is characterized by small body candlesticks called Doji and Spinning tops. These candlesticks indicate that buyers and sellers are undecided by the direction of Litecoin. Today, Litecoin is declining after facing rejection at $182. The altcoin is yet to trend but it is consolidating above the current support.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 49 of the Relative Strength Index period 14. It indicates that LTC/USD has reached equilibrium suggesting a balance between supply and demand. LTC price has fallen below the 20% range of the daily stochastic. Litecoin is in the oversold region of the market. The selling pressure is presumed to reach bearish exhaustion. Litecoin will resume upward as buyers emerge in the oversold region.

Conclusion
Litecoin is range-bound between levels $168 and $192. The altcoin is yet to trend as it fluctuates between the range-bound levels. The crypto is confined between the 21-day SMA and 50-day SMA. The uptrend will resume if the LTC price breaks above the 21-day SMA and the bullish momentum is sustained. Also, the selling pressure will resume if price breaks below the 50-day SMA.

LTC/USD – 4 Hour Chart

You can purchase crypto coins here: Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News