Key Highlights
LTC price resumes upward move
Litecoin trading at $155 at press time
Litecoin (LTC) Current Statistics
The current price: $155.50
Market Capitalization: $13,040,191,623
Trading Volume: $1,047,887,584
Major supply zones: $200, $220, $240n the
Major demand zones: $100, $80, $60
Litecoin (LTC) Price Analysis December 21, 2021
Litecoin’s (LTC) price is in a downward correction but an uptrend is doubtful. For over two weeks, the altcoin has been confined between $142 and $168 price levels. Buyers and sellers have failed to break the range-bound levels of cryptocurrency. For instance, if buyers breach the $168 high and the bullish momentum is sustained, the market will rally to $220. Conversely, if sellers break below the $142 support, the market will decline to $126 low.
Litecoin (LTC) Technical Indicators Reading
Litecoin is attempting to resume upward which has caused it to reach level 41 of the Relative Strength Index for period 14. Despite the marginal price movement, the altcoin is in the downtrend zone and below the centerline 50. Litecoin is above the 48% range of the daily stochastic. The market is in a bullish momentum. The upward move may face resistance at the recent high.
Conclusion
Litecoin’s bulls are initiating an upward move but an uptrend is doubtful. The bottom line is that the upward move dries up at higher price levels. Meanwhile, on November 28 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 $153.98.
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
- 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
