Litecoin Holds above $51 as it Continues Its Sideways Move
Login

Litecoin Holds above $51 as it Continues Its Sideways Move

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

Azeez Mustapha

Updated:

Key Highlights
Litecoin faces rejection at $64
Litecoin holds above $51

Litecoin (LTC) Current Statistics
The current price: $61.77
Market Capitalization: $5,188,896,644
Trading Volume: $340,821,483
Major supply zones: $200, $220, $240
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis August 12, 2022
Litecoin’s (LTC) price is in an upward correction as it continues its sideways move. The price action is characterized by indecisive candlesticks called Doji. The price movement has been slow because of Doji candlesticks dominance . On the upside, if the bulls breach the resistance at $64, Litecoin `will rise to $85 high. On the downside, if the bears break below the moving average lines the downtrend will resume. However, if the altcoin finds support above the moving average lines, the sideways move will resume. In the meantime, the LTC price is trading between $51 and $64 price levels.

Litecoin Holds aboveas it Continues Its Sideways Move
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The altcoin is at level 55 of the Relative Strength for period 14. LTC price is in the uptrend zone and may further rise to the upside. LTC’s price bars are above the moving average lines indicating a possible upward move. The crypto is above 50% area of the daily stochastic. The bullish momentum is unstable as Litecoin fluctuates above the moving average lines.

Conclusion
Litecoin is making an upward correction as it continues its sideways move. The price movement has been slow because of the presence of Doji candlesticks. On the upside, the uptrend will resume if price rebounds and breaks the resistance at $64.

Litecoin Holds aboveas it Continues Its Sideways Move
LTC/USD – 4 Hour 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
  • 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