Litecoin (LTC) Is Stable as It Continues to Consolidate Between $45 and $51

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Key Highlights
Litecoin fluctuates between $45 and $51
The range-bound movement will continue for a few more days

Litecoin (LTC) Current Statistics
The current price: $49.48
Market Capitalization: $3,238,777,591
Trading Volume: $2,155,437,256
Major supply zones: $70, $80, $90
Major demand zones: $50, $30, $10

LTC/USD – Daily Chart

Litecoin (LTC) Price Analysis September15, 2020
Litecoin has continued to be range-bound between $45 and $51. The price action has remained the same since September 3. The prices have been confined in a range. A breakdown or breakout will determine the direction of the market. On the upside, if the price breaks the $51 high, and momentum extends above $59, the uptrend will resume. Conversely, if price breaks below $45, the coin will decline to $39.

Litecoin (LTC) Technical Indicators Reading
Litecoin is horizontally flat at level 42 of the Relative Strength Index period 14. LTC is still in the downtrend zone and below the centerline 50. The price bars are below the SMAs which suggests a downward movement of the prices.

LTC/USD – Daily Chart

Conclusion
LTC is rising above the lower price range after it was repelled at the upper price range. The range-bound movement will continue as long as the key levels remain unbroken. Meanwhile, price is relatively stable within the price range. The market will drop to 1.272 Fibonacci retracement level if price breaks the lower price range.


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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

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
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *