Litecoin (LTC/USD) Price to Hold in Ranges, Keeping $70 and $60
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Litecoin Price Prediction – September 5
There has been a prolonged trade session over time that has yet to respond to a significant rallying motion in the trade activities combining Litecoin and the US currency, given that the crypto-economic price is tending to hold in ranges further, keeping the values between $70 and $60.
An oversold reading condition, depicted from the market, will provide a decent instant execution of a buying order from around the smaller point mentioned above or below it if it happens that the situation will continue to experience less depressive forces. In a real technical sense, points below $70 are to be treated as zones of buying from the dips.
LTC/USD Market
Key Levels:
Resistance levels: $70, $75, $80
Support levels:$55, $50, $45
LTC/USD – Daily Chart
The LTC/USD daily chart portrays the crypto’s price to hold in ranges, keeping the points at $70 and $60.
The 50-day SMA trend line is placed at $81.70 above the $69.78 trend line of the 14-day SMA. In the last couple of days, a chain of lower lows has featured closely above the line of $60 that is marking the lower range figure. The stochastic oscillators have bent southbound from around 80 to put values between 62.97 and 58.10.
What trade line in the LTC/USD market operation currently represents a significant roadblock to the continuation of the bullish trend?
As we are currently having it, range-bound spots have been sighted in the LTC/USD market operations, given that the crypto-economic price is attempting to hold in ranges, keeping $70 and $60 values in shape.
Even though there is still potential for lows near the $60 line, it would be preferable for buyers and investors to start staging a series of comebacks. Although the price action in place has been significant enough to have had long-lasting repercussions in either of the two clear directions,
According to the stochastic oscillators’ current reading posture, it indicates that a falling force will manifest itself at a decreased capacity close to the $60 point. Sellers should be careful of an unheard-of bounce that could appear quickly during a fast southward push against the value line.
LTC/BTC Price Analysis
In contrast, the Litecoin market stance appears to hold in ranges more against the trending worth of Bitcoin, keeping the positions underneath the trend lines of the moving averages.
Underneath the 50-day SMA indication is the 14-day SMA indicator. The stochastic oscillators have been settling in close proximity to the number 80. Below the moving averages, the falling velocity appears to continue for some time. A recession, on the other hand, can also contribute to the indecision of the two main market players.
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