Litecoin (LTC) Fluctuates Between $144 and $155 as Buyers Recoup To Resume Uptrend
Login

Litecoin (LTC) Fluctuates Between $144 and $155 as Buyers Recoup To Resume Uptrend

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

Azeez Mustapha

Updated:

Key Highlights
LTC price resumes downward correction
Litecoin fluctuates between $144 and $155

Litecoin (LTC) Current Statistics
The current price: $148.18
Market Capitalization: $12,451,441,024
Trading Volume: $12,451,441,024
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis January 5, 2022
Litecoin’s (LTC) price is still in a downward correction as buyers recoup to resume uptrend. Since December 28, the cryptocurrency fell to the range-bound zone at the bottom of the chart. On December 23 uptrend, the altcoin corrected upward but was repelled at the $165 resistance level. Consequently, LTC/USD fell below the moving averages. Today, Litecoin is consolidating above $144 support but below $155 resistance. The uptrend will resume if the bulls break above the moving averages or $165high.

Litecoin (LTC) Fluctuates Between 4 and 5 as Buyers Recoup To Resume Uptrend
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC price is below the moving averages which indicate a possible fall of the cryptocurrency. The crypto has fallen to level 41 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. The market is above the 40% range of the daily stochastic. The bullish momentum is unstable as the price fluctuates.

Conclusion
Litecoin is in a range-bound move at the bottom of the chart as buyers recoup to resume uptrend. The price action is characterized by small body candlesticks called Doji and Spinning tops. The candlesticks are responsible for the current range-bound move. The candlesticks indicate that buyers and sellers are undecided about the direction of the market.

Litecoin (LTC) Fluctuates Between 4 and 5 as Buyers Recoup To Resume Uptrend
LTC/USD – 4 Hour Chart



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
  • 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