• The price of LTC / USD is currently $ 48.91, down 1.00% in the past day.
• Trading volume has decreased by 7.56% in the last day
• Technical indicators suggest a bearish outlook in the short term
Short term view: Litecoin fishes for sustainable execution
The Litecoin Today’s price is $ 48.91 USD and the 24-hour trading volume is $ 367,315,931 USD. Litecoin has fallen 1.25% in the last 24 hours. Trading volume has declined over the past day, but the trading volume ratio to market capitalization is 0.1062 for altcoin.
According to today’s price behavior Litecoin Closing the day after immediate support at $ 48 could bring us back to the demand zone and drop further.Increased sales pressure may be sent Litecoin The price has dropped to a support level of $ 45. On the contrary, the immediate resistance to assets is set at $ 50, which can only be scaled up by the integrated efforts of the bulls. Assets are trading below 20,50 SMA on the 4-hour chart and are still upset by the aftereffects of the shock that the market experienced a few days ago.
Long-term outlook for Litecoin prices
Litecoin’s technical indicators suggest that bearish sentiment is still exerting across the market. The RSI traded at 43.13, below the 14-day average. A bearish crossover was observed on the Litecoin daily chart, resulting in a red histogram on the daily chart. MACD and signal lines are still trading in the negative territory, adding to the bearish stance of investors.
Litecoin resumed the slide on Wednesday and gave up on the profits it made over the weekend. Asset technical indicators suggest that the bearish momentum has not yet subsided.
support: $ 48- $ 45
resistance: $ 50- $ 55
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