Litecoin price – Litecoin price Analysis: LTC price Entering Critical Resistance Zone | Fintech Zoom

• LTC performed with favourable momentum on Thursday’s trading session
• Litecoin price is $228.22, which is up by 7.64% in the past 24-hour time-frame and 25.55% up from the previous week
• LTC/BTC pair is negative with a loss of 2.57% in Thursday’s trading session (0.004443)

Litecoin had positive momentum on the weekly chart, and it progressed around $238.20 on February 18, 2021, while breaking over the resistance zones made in the past, whereas, LTC price set a record of a 52-week high a few hours ago. Meanwhile, the trading volume of $13,898,562,641 in the last 24-hour time-frame represents an increase in the value of 14.87%. Furthermore, the LTC/ETH pair is negative with a value of (0.12116) that is down by 5.56% in Thursday’s trading session.

Litecoin Technical Chart Indicates a Positive Momentum

The technical graph of Litecoin highlights a positive trend. Meanwhile, Litecoin price is at $228.20. In accordance with pivot points, the critical support level for LTC is placed at $213.90. Whereas if it goes up, the important resistance level to observe is $239.70. While diving into the weekly graph of 4-hour time-frame, it completes a dark cloud cover candlestick pattern, suggesting that the bears have overwhelmed the bulls and are now in control.

Volume index with the sum (137.404K) reveals a selling volume. Investors may further anticipate a decrease in selling quantity in future trading sessions.

SMA-200, price is currently at $159.04, which acts as another dependable support from the coin. The cost is over the SMA, and investors can expect a bullish trend in the coin.

MACD index (BULLISH),bullish crossover over signal line seen on February 18, 2021, suggested a buy signal in the coin throughout the trading session. It denotes a few faded green bars on Histogram.

Meanwhile, the RSI index (BULLISH) using a value of 59.73 indicates a buy signal in the coin. One can observe an increase in value in upcoming trading sessions.

Conclusion

Litecoin price is up by 7.64% on Thursday’s trading session moreover the price is above the SMA of $159.04, and investors may expect the movement of price towards the resistance level of $239.70. All technical indicators urge a buy signal in the coin.

Resistance: $239.70

Support: $213.90

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