Litecoin (LTC/USD) Trade Valuation Moves in $200 and $150
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Litecoin Price Prediction – August 31
The LTC/USD trade valuation moves in $200 and $150 quite for some time. The crypto trade is seen, trading around $173 at a percentage rate of about 3.61. That shows that the crypto’s worth pushes slightly to the north side.
LTC/USD Market
Key Levels:
Resistance levels: $200, $240, $280
Support levels: $150, $130, $110
LTC/USD – Daily Chart
The LTC/USD daily chart showcases that the crypto trade valuation moves in $200 and $150. In other words, it means there have a number of upward and downward pushes in the market on a smaller note. The 14-day SMA trend-line remains conjoined to the 50-day SMA trend-line from beneath as the bullish trend-line drew northward under them as a supportive tool a bit above the line of $150. The Stochastic Oscillators are in the oversold region with conjoined lines. Their conjoined lines have shifted close to the range of 20, suggesting the probability to see an upside motion of the market returning soon.
Which direction the LTC/USD price may favor in the aftermath as trade valuation moves in $200 and $1`50?
Considering the current trading cycle that we are in, more upsides should be expected than downsides as the LTC/USD trade valuation moves in the ranges as stated above. It would be necessary to make a notable pull-down before a strong upspring can be made. However, an aggressive breaching of the point where the SMA indicators conjoined could cause the market to go, settling around the lower zone for some time.
On the downside, the crypto economy may tend to prolong movement in a consolidation manner around the conjoined area of the SMA trend-lines a bit over $150. An eventual bending of the 14-day SMA indicator southward from the conjoined spot could signal a return of downward motion of the trade with a less-active move on a gradual format. The readings of the Stochastic Oscillators signify a low strength currently gained by the LTC/USD market bears. Therefore, it may be unsafe to rely on price movement, intending towards the value mentioned earlier in the ranges.
LTC/BTC Price Analysis
In comparison, Litecoin’s pushing weight against Bitcoin on the daily price analysis chart appears lighter. In other words, the counter crypto still outpaces the base crypto even in the terms of trending capability until the present. A trace of moving in ranges is also found at lower trading zones of the duo-crypto market operations. The 50-day SMA trend-line is above the 14-day SMA trend-line as the bearish trend-line drew southward to place a markdown at the extreme end of the smaller SMA indicator. The Stochastic Oscillators are in the oversold region, seemingly attempting to cross the lines northbound close to the range of 20. That indicates that LTC is making a grand push against BTC’s trending outlook.
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