- LTC carried out with unfavorable momentum on Tuesday’s buying and selling session
- Litecoin worth is $170.35, which is down by 20.85% previously 24-hour timeframe and 19.46% down from the earlier week
- LTC/BTC pair is unfavorable with a lack of 5.20% in Tuesday’s buying and selling session (0.003649)
Litecoin had unfavorable momentum on the weekly chart, and it went as much as $245.96 on February 20, 2021, whereas breaking over the resistance zones made previously, whereas, Litecoin worth set a document of a 52-week excessive just a few hours in the past. In the meantime, the buying and selling quantity of $11,088,493,500 within the final 24-hour timeframe represents a rise within the worth of 67.99%. Moreover, the LTC/ETH pair is unfavorable with a worth of (0.11680) that’s down by 0.23% in Tuesday’s buying and selling session.
Litecoin Technical Chart Signifies a Detrimental Momentum
The technical graph of Litecoin highlights a unfavorable development. In the meantime, Litecoin worth is at $170.35. In accordance with pivot factors, the important assist stage for LTC is positioned at $156.55. Whereas if it goes up, the vital resistance stage to watch is $223.40. Whereas diving into the weekly graph of 4-hour timeframe, it completes a bearish engulfing candlestick sample, suggesting that the bears have overwhelmed the bulls and are actually in management.
Quantity index with the sum (288.843K) reveals a promoting quantity. Buyers could additional anticipate a rise in promoting amount in future buying and selling classes.
SMA-200, worth is presently at $170.60, which acts as one other reliable assist from the coin. The fee is testing the SMA, and traders can anticipate a bearish development within the coin if it slips beneath..
MACD index (BEARISH), bearish crossover over sign line seen on February 23, 2021, instructed a promote sign within the coin all through the buying and selling session. It denotes large pink bars on Histogram.
In the meantime, the RSI index (OVERSOLD) utilizing a worth of 24.85 signifies a promote sign within the coin. One can observe a rise in worth in upcoming buying and selling classes.
Litecoin worth is down by 20.85% on Tuesday’s buying and selling session furthermore the value is testing the SMA of $170.60, and traders could anticipate the motion of worth in the direction of the assist stage of $156.55. All technical indicators urge a promote sign within the coin.