Key Highlights
Litecoin is making an upward move
LTC/USD is consolidating above the $75 support
Litecoin (LTC) Current Statistics
The current price: $77.39
Market Capitalization: $6,515,171,277
Trading Volume: $803,456,737
Major supply zones: $140, $160, $180
Major demand zones: $120, $100, $80
Litecoin (LTC) Price Analysis March 16, 2022
Litecoin (LTC) loses ground failing to surpass the 21-day SMA as it reaches existing support at $75. The altcoin is now trading at $77 but could go as low as $65. To the upside, Litecoin will resume positive momentum if it breaks above the moving average lines or the resistance at $90. The altcoin is being rejected on March 15 at its most recent high. If the selling pressure continues, Litecoin will experience a further slide to a low of $65 On the other hand, the cryptocurrency will be forced to move in a range if the decline is postponed.
Litecoin (LTC) Technical Indicators Reading
Litecoin is currently decreasing at level 40 as per the Relative Strength Index for period 14. Litecoin is likely to fall when the trend is unfavorable. The price bars are below the moving average lines, which causes the altcoin to decline. Litecoin is in positive momentum over the daily Stochastic Level 25.
Conclusion
Litecoin continues to fall but holds as the market reaches existing support at $75. The slide has reached bearish tiredness. According to the Fibonacci tool analysis, the price of LTC will fall to level 2.0 Fibonacci extension, or $74.53. According to price fluctuation, Litecoin reached a low of $75 before climbing. When the market reaches oversold territory, existing support is likely to hold.
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
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
