Key Highlights
Litecoin price breaks the previous low at $118
The altcoin has resumed a fresh downtrend
Litcoin ( LTC) Current Statistics
The current price: $120.01
Market Capitalization: $10,120,049,284
Trading Volume: $3,723,978,156
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160
Litecoin (LTC) Price Analysis June 22, 2021
Litecoin’s (LTC) price fell to $107 low and resumed upward. Today, the LTC price is correcting upward to retest the $118 price level. If the downtrend resumes after retesting it, it implies that the selling pressure will resume. On May 23, the bulls bought the dips at the $118 price level as LTC rallied to $200. The upward move was terminated at $200. Litecoin fell and resumed a range-bound move between levels $145 and $200. Since June 18, the bears have broken the lower price range and have resumed the downtrend.
Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 29 of the Relative Strength Index period 14. It indicates that LTC is in the oversold region of the market. This also implies that the selling pressure will subside. Litecoin is below the 20% range of the daily stochastic. It indicates that the altcoin has reached the oversold region of the market. The 21-day SMA and the 50-day SMA are sloping southward indicating a downtrend.
Conclusion
The crypto has resumed a fresh uptrend after breaking below the previous level at $118. On May 19 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the market will fall to level 1.618 Fibonacci extensions or level $47.95.
You can purchase crypto coins here: Buy Tokens
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.