• Latest
  • Trending
  • All
LTC/USD declines to $88.87 after bearish movement – Cryptopolitan

LTC/USD declines to $88.87 after bearish movement – Cryptopolitan

April 27, 2023
Beam Plans January Halving to Further the Cause of Privacy Coins

Beam Plans January Halving to Further the Cause of Privacy Coins

December 5, 2023
Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

December 5, 2023
Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

December 5, 2023
Ethereum (ETH), Ripple (XRP), Cardano (ADA), Litecoin (LTC), Polkadot (DOT) al Mercato in Crescita

Ethereum (ETH), Ripple (XRP), Cardano (ADA), Litecoin (LTC), Polkadot (DOT) al Mercato in Crescita

December 5, 2023
Crypto Markets Add $70 Billion Daily as BTC, ETH Soar to 19-Month Highs (Market Watch)

Crypto Markets Add $70 Billion Daily as BTC, ETH Soar to 19-Month Highs (Market Watch)

December 5, 2023
Analyst Predicts Rallies for Cosmos, Gala and One Bitcoin Ecosystem Altcoin – Here Are His Targets

Analyst Predicts Rallies for Cosmos, Gala and One Bitcoin Ecosystem Altcoin – Here Are His Targets

December 5, 2023
Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset

Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset

December 5, 2023
Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

December 5, 2023
Bitcoin Miner Riot Secures 66560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s – Mining Bitcoin News – Bitcoin.com News

Bitcoin Miner Riot Secures 66560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s – Mining Bitcoin News – Bitcoin.com News

December 5, 2023
Crypto Nostradamuses Triumphant: Bitcoin, Ethereum, Shiba Inu, Dogecoin Take Off, Reaffirming Pundits’ Predictions

Crypto Nostradamuses Triumphant: Bitcoin, Ethereum, Shiba Inu, Dogecoin Take Off, Reaffirming Pundits’ Predictions

December 5, 2023
Why Did Ethereum Price Reach A New Yearly High?

Why Did Ethereum Price Reach A New Yearly High?

December 5, 2023
Litecoin na koniec roku złapie nowy wiatr w żagle?

Litecoin na koniec roku złapie nowy wiatr w żagle?

December 5, 2023
Tuesday, December 5, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Litecoin

LTC/USD declines to $88.87 after bearish movement – Cryptopolitan

by Cuevas Antonio
April 27, 2023
in Litecoin
0
LTC/USD declines to $88.87 after bearish movement – Cryptopolitan
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Litecoin price analysis shows that the LTC/USD pair has fallen to a new low of $88.87 after a bearish drive. The market has found support at the 85.43 level and is currently trading in a sideways trend. The bears have been in control of the market since the beginning of today, but there are signs that this trend may be changing. There has been a slight uptick in trading volumes over the past few days as traders look for an opportunity to capitalize on any potential breakout from the current sideways pattern. If there is more buying pressure pushing prices higher, then it could indicate a change in the market direction and open up opportunities for traders to take profits. On the other hand, if selling pressure pushes prices lower, then this could be an indication that the bears are still in control of the market.

Litecoin price analysis 1-day price chart: LTC/USD heads towards the $88.87 low after a bearish drive

The 1-day Litecoin price analysis chart shows a clear downtrend. Prices have been falling consistently over the past few days, and there seems to be no end in sight to the current downtrend to $88.87. The price has declined by 3.25 percent in the past 24 hours and is currently trading in a sideways pattern. It seems like the market will start heading upward once it breaks out of this range. Investors should look for a breakout above the $92.57 resistance or a breakdown below the $85.43 support to enter new positions.

image 642
LTC/USD 1-day price chart, Source: TradingView

The MACD indicator is also showing bearish momentum, indicating further downside potential in the near term. However, if we look at the RSI, it is currently sitting around 47.56, which shows that the market is neither overbought nor oversold. The Bollinger Band is also narrowing, which suggests that the market could be preparing for a breakout. The upper and lower bands of the Bollinger Bands are also close to each other, which indicates that the market is in a consolidation phase.

LTC/USD 4-hour price chart: Recent developments and further technical indications

The hourly Litecoin price chart, however, shows a slightly different picture. The bears have been in control of the market since yesterday, but there seems to be some buying pressure pushing prices higher as well. If we see more buyers entering the market, this could signal an end to the bearish trend and open up opportunities for traders to go long on Litecoin.

image 643
LTC/USD 4-hour price chart, Source: TradingView

The Bollinger Bands indicator indicates that the LTC/USD pair is volatile because the indicator’s arms are still moving in different directions. The lower band is present at the $85.890 level, while the upper band is at $92.247. The moving average convergence and divergence (MACD) histogram and the RSI, however, both indicate bearish momentum with no signs of reversal yet.

Litecoin price analysis conclusion

To conclude the Litecoin price analysis, the market is currently trading in a sideways pattern after reaching a new low of $88.87. The trend remains bearish, and traders should look for an opportunity to enter short positions once the price breaks out of this range. Investors should keep an eye on the key levels of support and resistance, as well as the indicators mentioned above, to get a better idea of when it is the best time to enter or exit positions.



Source link

Tags: BearishCryptopolitandeclinesLTCUSDmovement
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
ChatGPT is Being Used to Make ‘Quality Scams’

ChatGPT is Being Used to Make ‘Quality Scams’

March 20, 2023
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Beam Plans January Halving to Further the Cause of Privacy Coins

Beam Plans January Halving to Further the Cause of Privacy Coins

December 5, 2023
Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

December 5, 2023
Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

December 5, 2023

Recent News

Beam Plans January Halving to Further the Cause of Privacy Coins

Beam Plans January Halving to Further the Cause of Privacy Coins

December 5, 2023
Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

Dogecoin Founder Reveals Shocking Fact About FTX Creator SBF

December 5, 2023
Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

December 5, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Blockchain Games
  • Business
  • Crypto
  • Crypto Mining
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Defi
  • Dogecoin
  • Economy
  • Education
  • Entertainment
  • Ethereum
  • Featured
  • Gambling
  • Governance
  • Health
  • Lifestyle
  • Litecoin
  • Market
  • News
  • Sports
  • Uncategorized
  • Web 3.0
  • World

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved