Key Highlights
LTC price has plunged to the oversold region
It consolidates above $40
Litecoin (LTC) Current Statistics
The current price: $44.88
Market Capitalization: $3,782,786,996
Trading Volume: $962,323,097
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60
Litecoin (LTC) Price Analysis June 14, 2022
Litecoin’s (LTC) price is in a downtrend as it fluctuates above $41. For the past 48 hours, the LTC price has been fluctuating above the $41 support. The bearish trend extended to another low as it broke below the previous low at $54. On the upside, the bullish move has been restricted by the 21-day line SMA. Presently, the current price fall has reached the oversold region of the market. The selling pressure has reached bearish exhaustion as buyers emerge in the oversold region. On the downside, the LTC price will fluctuate between $41 and $60 if the current support holds.
Litecoin (LTC) Technical Indicators Reading
Litecoin has fallen to level 25 of the Relative Strength Index for period 14. The crypto is deeply in the oversold region of the market. A further downward movement of the altcoin is unlikely because the market is oversold. The crypto will rise when buyers emerge in the oversold region. LTC/USD is below the 20% area of the daily stochastic. Litecoin is trading in the oversold region of the market. The 21-day line SMA and the 50-day SMA are sloping downward indicating a downtrend.
Conclusion
Litecoin is in a downtrend as it fluctuates above $41.It may resume consolidation if the current support holds. Meanwhile, on May 12 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that LTC will fall to level 1.272 Fibonacci extension or $50.09. From the price action, the altcoin has fallen to the low of $44 as of press time.
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
- 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.