Litecoin (LTC/USD) Market Ranges Below the SMAs
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Litecoin Price Prediction – February 1
There has been a long featuring of less-active motions in the LTC/USD trade activities over a couple of sessions as the crypto-economic market ranges below the SMAs. Price trades at a smaller positive percentage of 1.01, features between the high and low of around $112 and $108. It’s hard to note when a move either to the upside or downside in the present trading situation of the crypto economy.
LTC/USD Market
Key Levels:
Resistance levels: $120, $135, $150
Support levels: $95, $85, $75
LTC/USD – Monthly Chart
The LTC/USD daily chart reveals the crypto-economic market ranges below the SMAs. A set of tinier candlesticks has occurred in a successive outlook over a couple of several days back. The 14-day SMA indicator is under the 50-day SMA indicator. The Stochastic Oscillators have weakly crossed northbound from the oversold region closer to 40 range. It appears the crypto has been making in-active pressures to the north side against the US Dollar for a while 
Will it be technically ideal that traders join the LTC/USD trade to the upside if a sudden hike features against the $120 resistance level as the market ranges below the SMAs?
It seems not technically ideal to join the LTC/USD trade to the upside when a sudden hike features against the $120 resistance level as the crypto-economic market ranges below the SMAs. In the meantime, price tends to push to the north side on a slow-and-steady moving motion to touch a resistance around the trend line of the 14-day SMA afterward. If that assumption is genuine, it would be right now that long-position takers join the market to avoid late entry.
On the downside of the technical analysis, the LTC/USD market short-position takers needed to avoid wanting to place an order at all cost without letting an upward motion feature get exhausted at a higher psychological point before going for shorting positions. Presently, the resistance around $125 stands a glaring spot against seeing the crypto economy surging higher for momentums in the long-term run.
LTC/BTC Price Analysis
In comparison, the trending ability of Litecoin as placed with Bitcoin lowers. The cryptocurrency pair market ranges below the SMAs. The 14-day SMA trend line is underneath the 50-day SMA trend line. The Stochastic Oscillators have dipped into the oversold region. And they conjoin their lines within it, moving in a consolidation manner to signify the base crypto still witnesses a falling pressure caused by its flagship counter crypto. However, the forces to the downside appear to get exhausted in no time.
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