Litecoin (LTC/USD) Trade Holds a Rising Force, Spanning From $90
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Litecoin Price Prediction – April 2
Over a couple of sessions, the pushing capabilities of bulls in the business activities of Litecoin versus the purchasing worth of the US Dollar have been positively oriented, given that the crypto-economic trade holds a rising force, spanning from the line of $90.
For buyers in the market to maintain a level of perfection in their ways of dealings, the support point of $90 needs not be breached aggressively in the long-term running mode. . Sellers might need to consider the opposite higher end, where a queue of rejections might be waiting to appear in short order, if that mood is maintained.
LTC/USD Market
Key Levels:
Resistance levels: $120, $130, $140
Support levels: $90, $85, $80
LTC/USD – Daily Chart
The LTC/USD daily chart showcases that the crypto market holds a rising force, spanning from the lower end line of $90.
The Bollinger Band trend lines have been providing for an atmosphere of having to do with the spot where the price has been trading at a higher rate. The middle Bollinger Band indicator happens to serve as the key line to support the pivotal point of $90. The stochastic oscillators have been in a mood of curving slightly southbound from the overbought region against some parts around the 80. That implies that buyers should be careful of any sudden tendencies that can produce a reversal move in no time.
Should purchasers merely jump along with the bullish velocity as the LTC/USD market peaks over resistances?
Jumping alongside the uprising pressures in the LTC/USD market around the upper trend line of the Bollinger Band may open the approach to a risk of getting whipsawed in no time if the price tends to make a fearful reversal, given that the trade holds a rising force, spanning from the line of $90.
Given the current increasing trend, which suggests that a rebound process is underway, long-position pushers will need to strengthen their muscles in order to surpass the $110 barrier for sustainability. In the event that the assumption is ultimately met, a safeguard must be implemented just below the indicated value line.
Given the current situation, bears should watch for signs that the buying motions may revert to a pit stop, which could coincide with a strong active reversal motion to trigger an immediate sell order. When describing the timing of that event, the upper Bollinger Band trend would be quite important.
LTC/BTC Price Analysis
In contrast, the Litecoin market holds a rising force against the stances of Bitcoin, spanning from a bullish candlestick that has had a bottom on the middle Bollinger Band trend line.
As the base cryptocurrency trades against the point of its counter-crypto economy, the Bollinger Bands trend lines have all been able to systemically curve back to the upside, suggesting that the former instrument may become stronger. The motions of the stochastic oscillators are hesitantly oriented in an upward-sloping pattern.
Note: Cryptosignals.org 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.
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