- Litecoin Price is trading near the value of $130 with an intraday gain 0.2%. It can see a positive breakout above $150 in the near future
- Technical indicators for LTC coin price suggest an upside momentum for price. Meanwhile, LTC/BTC pair is observing a downtrend amid the sharp rise of BTC.
LTC coin price trades near the value of $130 with an intraday gain of 0.5%. Due to its similar properties with BTC ,Litecoin is often termed as “Digital Silver”. It has seen a downfall to $105 recently. Resistance for LTC coin price on the upside can be contemplated near the value of $150. One can determine that the support region for the token price can be seen around $100. The 50 and 100 Daily Moving Average is above the current trading price. The 50 DMA(Red) line is near the price level of $190, acting as a temporary resistance for the price. ROI of the LTC is more than 3700% which has attracted investors for a long time . LTC/BTC pair is showing a bearish momentum but it can soon revert back to the bullish trend.
LTC token has a market capitalization of more than $10,876,144,847 and is ranked 13th in the crypto verse. The volume of Litecoin along with the market capitalization is seeing a decrease from the past few days. The volume to market capitalization ratio of the coin is 0.4734 hinting at an uptrend in price.
Technical Indicators Projects A Strong Recovery For The LTC Coin Price
LTC weekly technical chart highlights bearish momentum for the upcoming weeks . On the daily chart the price is seeing a recovery from the fall. The price of Litecoin might see a major breakout in upcoming days. If the price breaks above the resistance of $150 then a strong bearish momentum can be seen. LTC/BTC pair can also see a strong upside momentum in the upcoming days..
The volume indicator for the coin is at 144K , with a small buying pressure. If the price rises above $150, then a strong upside momentum can be observed.
CONCLUSION
LTC coin price has given a return of more than 200% to its investors within a short period.The price is seeing a recovery after the downfall to $105. Investors should do their due diligence before investing.
Technical Levels
Major Support:$100
Major Resistance:$150