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Key Highlights
Litecoin is trapped in a narrow range
LTC/USD risks further decline
Litecoin (LTC) Current Statistics
Market Capitalization: $6,488,030,044
Trading Volume: $275M
Major supply zones: $140, $160, $180
Major demand zones: $120, $100, $80
Litecoin (LTC) Price Analysis June 19, 2023
Litecoin (LTC) has fallen below the moving average lines and is stuck in a price range of $72 to $80. The altcoin fell to its previous low of March 15th. Since January 31, the cryptocurrency asset has been moving sideways. The price of the altcoin has been fluctuating between $72 and $100. Buyers have been unable to maintain the $100 overhead resistance. If buyers keep the price above the $100 resistance, the sideways trend will be broken. Meanwhile, the altcoin continues to trade below the moving average lines.
Litecoin (LTC) Technical Indicators Reading
For Period 14, Litecoin is at a Relative Strength Index level of 59. It is in a bullish trend and has the potential to move higher. The price bars are lower than the moving average lines, indicating a downward trend. The coin is in a bearish trend below the daily Stochastic level of 80.
Conclusion
Following the June 10 price drop, Litecoin is stuck in a price range of $72 to $80. The price of the altcoin ranges between $72 and $80. The coin is falling after retesting the $80 resistance level. The market is overbought in the resistance zone.
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