Key Highlights
LTC price will fluctuate between $64 and $80
Litecoin targets the high of $100
Litecoin (LTC) Current Statistics
The current price: $78.43
Market Capitalization: $6,588,607,127
Trading Volume: $735,127,124
Major supply zones: $100, $120, $140
Major demand zones: $60, $40, $20
Litecoin (LTC) Price Analysis November 29, 2022
Litecoin (LTC) price is moving horizontally beneath the $80 barrier level as it may decline. At the most recent high, the ongoing uptrend came to an end. As it trades in the overbought area of the market, Litecoin may experience a fall. For the previous week, Litecoin has been fluctuating below the $80 high. The breakout level and the most recent high will force the cryptocurrency to trade in a range-bound fashion. In other words, the price of Litecoin will range between $64 and $80. As long as the range-bound levels are unbroken, the sideways movement continues. If buyers manage to sustain the price above the $80 high, the altcoin will restart. When the bears breach below the $64 level, the market will resume a downtrend.
Litecoin (LTC) Technical Indicators Reading
Litecoin is currently at level 64 on the Relative Strength Index. As the market moves into an overbought area, the cryptocurrency is still trading in the bullish trend zone. The fact that the moving average lines are higher than the price bars is another sign that the price of the cryptocurrency will rise.
Conclusion
Litecoin faces the resistance at $80 as it may decline . Presently, the coin has resumed a sideways move below the resistance level. The cryptocurrency will be fluctuating above the moving average lines and the recent high. A break below the current uptrend will terminate the sideways move.
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.