Litecoin (LTC/USD) Market Features Values at a High Level
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Litecoin Price Prediction – March 29
It indicated that the LTC/USD market features values at a high level. The crypto economy appears to be maintaining strong forces even as it lacks the visible weight to the upside. The crypto’s price is between the high and the low of $130 and $127. And the percentage rate of trading is kept around 2.31 positives.
LTC/USD Market
Key Levels:
Resistance levels: $135, $145, $155
Support levels: $120, $110, $100
LTC/USD – Daily Chart
The LTC/USD daily chart showcases the crypto-economic market features values at a high level. The 14-day SMA indicator briefly bends northward below the 50-day SMA indicator. A chain of variant candlesticks is surfacing around the trend line of the bigger SMA. The bearish trend line is underneath the current trading spot, showcasing an upward force is ongoing.
Can there still be more emergences of ups in the LTC/USD trade activities as the market features values at a high level?
As the current trading outlook of the LTC/USD trade operations portends a firmly rallying motion, it is still not easy to join the movement to the upside as the price trades around the $127 level. It is presently observed the crypto-economic market features values at a high level. It would be necessary that traders patiently wait for another pattern of trading that will make the reading of the Stochastic Oscillators different from its current overbought condition. That has been a warning that the market may fall in no time.
On the downside of the technical analysis, the LTC/USD market short-position takers may have to be on the lookout for rejection of price action emanating at a higher resistance trading spot before considering a sell order. About two smaller bearish candlesticks are for confirmation at a higher trading zone for shorting positioning to thrive around the higher resistances in the long-term run.
LTC/BTC Price Analysis
In comparison, Litecoin appears to surrender to a downward force inflicted by Bitcoin on the daily price analysis chart. It is still obtainable that the 50-day SMA indicator is above the 14-day SMA indicator. And they are both bent southward within the bearish channel trend lines. The Stochastic Oscillators are closely attempting to dip into the oversold region. They are pointing toward the south briefly past the range of 20 to signify the base crypto is on the verge of losing stances to the counter crypto.
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