Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Highlights
LTC price declines to $73 low
LTC/USD is in a downtrend
Litecoin (LTC) Current Statistics
The current price: $81.40
Market Capitalization: $6,835,181,973
Trading Volume: $1,861,282,876
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60
Litecoin (LTC) Price Analysis May 10, 2022
Today, Litecoin’s (LTC) price has fallen to the low of $73 as bulls holds above $73 support. LTC’s price rebounded to reach the high of $85 and pulled back. Presently, the altcoin is hovering above the $73 support. On the upside, if the altcoin resumes an upward move, it is likely to face initial resistance at the $102 high. The $102 price level was the previous support but is now a resistance. Litecoin will rally above the moving averages if the bears broke above the $102 resistance. The bullish momentum will extend to the high of $130. Conversely, LTC/USD price will be compelled to a range-bound move between $73 and $102 price levels if the bulls fail to break the recent high.
Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 33 of the Relative Strength Index for period 14. It is in the downtrend zone and it is approaching the oversold region. Also, it is below the 20% area of the daily stochastic. It indicates that the altcoin is trading in the oversold region. The 21-day line SMA and the 50-day SMA are sloping downward indicating a downtrend.
Conclusion
Litecoin is in a downtrend but the altcoin is trading above the $73 support. Meanwhile, on April 30 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that LTC will fall to level 2.0 Fibonacci extension or $73.22.
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