Key Highlights
Litecoin fluctuates below the $95 high
Litecoin targets the high of $120
Litecoin (LTC) Current Statistics
Market Capitalization: $7,790,691,498
Trading Volume: $581,672,967
Major supply zones: $140, $160, $180
Major demand zones: $120, $100, $80
Litecoin (LTC) Price Analysis April 4, 2023
The price of Litecoin (LTC) is rising as it aims for the prior high of $105. The altcoin has fluctuated since March 23 above the moving average lines but under the resistance at $95. At the time of writing, the price of LTC is currently $92. When the resistance or the present support is broken, the price of cryptocurrency will trend. On the plus side, the coin will increase in value if purchasers maintain the price above the $95 high, reaching the prior high of $105. The Fibonacci extension’s level 2.618, or $120.80, will be reached by the positive momentum. If the price of the altcoin falls below the moving average lines, it will decline as well to the low of $65.
Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 55 of the Relative Strength Index for Period 14. Despite being in a bullish trend zone, the cryptocurrency asset’s bullish momentum is stalled at the most recent high. Because the price bars are above the moving average lines, the lines will move upward. The altcoin is moving upwards over the daily Stochastic’s threshold of 40.
Conclusion
Litecoin is trading in expectation of a bullish trend as it aims for the prior high of $105. Litecoin is positioned between the moving average lines on the 4-hour chart. For a few days, the cryptocurrency will be forced to move in a range.
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