Litecoin Recovers above $100 Support but Faces another Rejection at $112

Updated:

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
LTC price confines in between the moving averages
LTC price holds above $100

Litecoin (LTC) Current Statistics
The current price: $107.08
Market Capitalization: $8,984,121,908
Trading Volume: $834,632,348
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis March 15, 2022
Litecoin’s (LTC) price is above the 21-day line moving average as it faces another rejection at $112. However, the bullish move was repelled at the 50-day line moving average. Litecoin is between the moving averages. The implication is that the market will be compelled to a range-bound move in between the moving averages. Since January 22, LTC/USD has been trading between $96 and $140 price levels. Buyers have been defending the $100 support as Litecoin trades between $96 and $140 price levels. On the upside, if buyers keep the price above the moving average, LTC price will retest the $140 resistance.

Litecoin Recovers above $100 Support but Faces another Rejection at $112
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
LTC/USD is between the 21-day line moving average and the 50-day line moving average. The implication is that the market will resume a range-bound move. Litecoin is below 40% area of the daily stochastic. The stochastic bands are sloping horizontally indicating the sideways move. The market is in a bearish momentum. LTC price is at level 49 of the Relative strength index for period 14. It indicates there is a balance between supply and demand.


Conclusion
Since January 22, LTC/USD has resumed a sideways move between $96 and $140 price levels but faces another rejection at $112. Buyers and sellers are undecided about the direction of the market. Litecoin will trend when the range-bound levels are breached.

Litecoin Recovers above $100 Support but Faces another Rejection at $112
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
$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.