Litecoin Fluctuates Between $52 and $58 as Risks Decline to $0.40


Key Highlights
Litecoin declines to $52
Litecoin reaches an oversold region

Litecoin (LTC) Current Statistics
The current price: $54.66
Market Capitalization: $4,598,676,227
Trading Volume: $496,005,633
Major supply zones: $200, $220, $240
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis August 25, 2022
Litecoin’s (LTC) price is in a downtrend as risks decline to $0.40. The cryptocurrency has been trading between $52 and $58 price levels. Today, the LTC price is rising to retest or break the resistance at $58. For instance, if buyers push the price above the $58 high, Litecoin will regain bullish momentum. The altcoin will rally above the moving average lines. LTC/USD will rise and revisit the $64 overhead resistance. On the other hand, if the Sellers break below the $52 support, the downtrend will resume. The market will further decline to the lows of $44 and $49 price levels. Today, Litecoin is trading at $54 at the time of writing.

Litecoin Fluctuates Between $52 and $58 as Risks Decline to $0.40
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The altcoin is at level 45 of the Relative Strength for period 14. It indicates the altcoin is trading in the bearish trend zone and may fall. XRP price bars are below the moving average lines which indicates a further decline. The crypto is above 40% area of the daily stochastic. Litecoin is in a bullish momentum.

Litecoin is in a downtrend as risks decline to $0.40. On the downside, if the sellers breach the $52 support, the Fibonacci tool analysis will hold. Meanwhile, on a weekly chart, a retraced candle body tested the 78.6% Fibonacci retracement level on March 21. The retracement suggests that the LTC price will fall but reverse at level 1.272 Fibonacci extension level or $0.40.

Litecoin Fluctuates Between $52 and $58 as Risks Decline to $0.40
LTC/USD – Weekly Chart

You can purchase crypto coins here: Buy LBLOCK

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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.