Litecoin Makes an Upward Move but Risks a Decline to $45 Low

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Key Highlights
LTC price is in a downtrend as it plunges to $47
Litecoin may further decline

Litecoin (LTC) Current Statistics
The current price: $54.15
Market Capitalization: $4,548,955,248
Trading Volume: $1,765,653,215
Major supply zones: $100, $120, $140
Major demand zones: $60, $40, $20

Litecoin (LTC) Price Analysis November 10, 2022
Litecoin (LTC) price is fluctuating inside a bearish trend zone as it risks a decline to $45 low. Before the cryptocurrency collapses, support is most likely to be found at the breakthrough level of $64. The price of LTC recovered on October 25 and surpassed the 50-day SMA. The altcoin rose to a peak of $73 before dropping. The upward trend that was underway has come to a halt below the $73 resistance level. Currently, the price of Litecoin is below the moving average lines. On the plus side, the breakout level at $64 and the resistance at $73 will be retested or broken if the LTC price increases above the moving average once more. As it gets closer to the 21-day line SMA, Litecoin is correcting upward in the interim.

Litecoin Makes an Upward Move but Risks a Decline to $45 Low
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
For period 14, the price of LTC is at level 43 of the Relative Strength Index. Bulls purchased the dips as the price of Litecoin fell to a low of $47. The price bars are below the moving average lines, suggesting that the price of the cryptocurrency may be falling. The daily Stochastic’s level 25 is above the price of LTC. The coin is moving up in price.

Conclusion
Litecoin is undertaking an upward adjustment as it risks a decline to $45 low. LTC had an upward correction during the decline that began on November 8 and a candle body tested the 61.8% Fibonacci retracement level. According to the correction, LTC will drop to the level of the 1.618 Fibonacci extension, or $45.05.

Litecoin Makes an Upward Move but Risks a Decline to $45 Low
LTC/USD – 4 Hour Chart

You can purchase crypto coins here: Buy LBLOCK

 

 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
$100 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
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • 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.