Key Highlights
LTC price consolidates above $149 support
Litecoin may resume an uptrend
Litecoin (LTC) Current Statistics
The current price: $160.10
Market Capitalization: $13,537,491,004
Trading Volume: $1,603,396,160
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60
Litecoin (LTC) Price Analysis December 7, 2021
Litecoin’s (LTC) price is in a downward correction as price makes a steady rise above the $149 support. The bulls have been defending the $149 support for the past three days. There has been no significant price movement as the crypto consolidates above the current support. On the upside, if the LTC price rebounds above the current support, the market will rise to retest or break above the $1.10 resistance. This will cause cryptocurrency will be out of downward correction. Litecoin will further rise above the $220 high. Meanwhile, LTC/USD is still fluctuating above the $149 support.
Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 34 of the Relative Strength Index for period 14. LTC price is in the bearish trend zone and capable of falling on the downside. Litecoin is above the 25% range of the daily stochastic. The market has resumed bullish momentum. Litecoin’s price bars are below the 21-day line and 50-day line moving averages, which indicate a possible fall of the coin.
Conclusion
Litecoin has been in a downward move but reaches bearish exhaustion. The altcoin is consolidating above $149 for a possible upward move. Meanwhile, on November 18 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that LTC price will fall to level 1.272 Fibonacci extensions or $155.45.
You can purchase crypto coins here: Buy Coins
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.