Litecoin Worth – Litecoin Worth Prediction: LTC Finds Assist at $ 190. What’s subsequent with the crypto asset? | Fintech zoom

Litecoin Price – Litecoin Price Prediction: LTC Finds Support at $ 190. What’s next with the crypto asset?

TL; DR breakdown

  • Litecoin price is expected to retest $ 215
  • LTC encounters resistance as it crosses the $ 205 mark
  • The closest support level is at $ 200 and further down at $ 190.

Litecoin price action found support at $ 190.00 after being turned down at $ 217.00. Currently, the indicator has rebounded to the $ 200 mark but will face resistance if it rises above the level.

The broader cryptocurrency market is showing mixed market sentiment, with most major cryptocurrencies seeing slight movement in either direction. Notable performances were seen for Binance Coin, which grew 6.6 percent, and Solana saw a 7.65 percent increase.

Technical indicators for LTC / USDT

Litecoin Price Prediction: LTC Finds Support at $ 190.  What's next with the crypto asset?  1

Across all technical indicators, the MACD showed a bearish reversal yesterday as the Litecoin price fell from above $ 215 to below $ 200. The indicator showed a strong bearish momentum, as observed in the large red histograms. However, the indicator is pointing to bearish bearish momentum in the last few hours as the price finds support at USD 190.00.

The two EMAs are both moving down, but the 26 EMA is catching up with the 12 EMA, indicating a bullish presence at the current price level.

The RSI is neutral, trading near 50.00 as the price stabilizes above $ 200. The indicator briefly rose into the overbought region yesterday, but has since fallen back into the neutral region. The indicator has been trading along the x-axis for the past few hours as price movement stalled while generating momentum.

The Bollinger Bands were wide until yesterday, but since the rejection at USD 215.00 the indicator has started to converge. Currently, the upper and lower bounds of the indicator are moving inward, indicating a decline in Litecoin price volatility. The price is rising at the time of going to press, but will encounter resistance if it rises above the center line of the indicator.

Overall, the 4-hour technical analysis gives a buy signal of reasonable strength, which indicates an upward movement in the price over the entire period. The analysis shows that 13 of the 26 most important technical indicators support positive price movement over the entire period, while only four indicators point to a bearish retracement. There are now nine indicators sitting on the fence and not giving any signals at the time of writing.

The technical 24-hour analysis accentuates this sentiment and outputs a “strong buying” signal with 15 indicators in favor of a bullish price action against just one indicator that suggests something else. Meanwhile, 10 indicators remain neutral and do not give signals that support both sides of the market.

What can you expect from the Litecoin price?

Litecoin Price Prediction: LTC Finds Support at $ 190.  What's next with the crypto asset?  2

Traders should expect Litecoin price to retest the $ 215 mark as the price causes a V-shaped rebound to the level. The positive technical analysis and supporting indicators point to a bullish breakout. In addition, the relatively high trading volume allows the Litecoin price action behind the movement to receive significant momentum.

On the flip side, Litecoin price action can be rejected at any of the resistance levels of USD 205 and USD 215. Such a rejection could cause Litecoin price to drop to the $ 180.00 mark before support is found.

Disclaimer of liability. The information provided is not trading advice. Cryptopolitan.com is not liable for investments made on the basis of the information provided on this page. We strongly recommend that you conduct independent research and / or advice from a qualified professional before making any investment decision.

Litecoin Price – Litecoin Price Prediction: LTC Finds Support at $ 190. What’s next with the crypto asset?

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