Litecoin Rebounds as It Rallies to the $83 High
Azeez Mustapha
Key Highlights
LTC price rallied to $83
Litecoin reaches an overbought region
Litecoin (LTC) Current Statistics
The current price: $80.48
Market Capitalization: $6,759,927,842
Trading Volume:$1,992,872,149
Major supply zones: $100, $120, $140
Major demand zones: $60, $40, $20
Litecoin (LTC) Price Analysis November 23, 2022
Litecoin (LTC) price has crossed above the moving average lines as it rallies to the $83 high. The resistance at the $64 high has been overcome as the altcoin surged to a high of $83. Litecoin has moved to an overbought region after overcoming the barrier at $64 in price. If it is rejected at the overbought area, it will fall to the breakout level of $70. However, the positive momentum will continue to build until the next obstacle at $101. At the time of writing, the price of LTC is $81.37.
Litecoin (LTC) Technical Indicators Reading
The current level of Litecoin on the 14-period Relative Strength Index is 73. The price of Litecoin has risen to an overbought level. Bullish momentum has run its course. The price bars are currently above the moving average lines, pointing to an increase in price for the cryptocurrency. With its daily Stochastic level above 80, Litecoin is going upward.
Conclusion
Litecoin has started to surge upward once more as it rallies to the $83 high. After reaching the high of $83.43, it is now retracing. If it retraces above the $70 low and holds, the uptrend will restart. The previous resistance level of $70 is now a support level.
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.
Share with other traders!
