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Home Bitcoin

LTC/USD Trades Close to $180 Level

by thecvamx
in Bitcoin
Reading Time: 3 mins read
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Litecoin Price Prediction – August 20

The Litecoin price sees a 2.25% price increase over the past 24 hours of trading as the cryptocurrency reaches the $179 resistance level.

LTC/USD Market

Key Levels:

Resistance levels: $205, $210, $215

Support levels: $150, $145, $140

LTCUSD – Daily Chart

LTC/USD gains a 2.25% price rise over the past 24 hours of trading as the cryptocurrency bounces from $174 to reach $179. The coin is rebounding from a rising support trend line which prevented Litecoin from unwinding further beneath the 9-day moving average. The momentum has now shifted back into the bullish favor especially with the Relative Strength Index (14) rebounding to cross the 60-level in order to show that the buyers are unwilling to give up their control of the market momentum just yet.

Litecoin Price Prediction: Litecoin Price Gets Ready for The Upside

The Litecoin price still remains neutral and it may need to rise above the upper boundary of the channel to remain bullish again. But, if the sellers push the market beneath the 21-day moving average, then traders may consider the market as bearish in the short term. Toward the upside, the first level of resistance lies at $190 while the potential resistance levels lie at $205, $210, and $215 respectively.

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Moreover, if the sellers push the price beneath the 9-day and 21-day moving averages, traders may expect support to be located at $160 and $155. Beneath this, other critical supports can be located at $150, $145, and $140 respectively.

When compares with Bitcoin, the Litecoin price is seen trading within the 9-day and 21-day moving averages at 3720 SAT. The Litecoin price is subsequently rebounded against BTC and now making an attempt to cross above the 9-day moving average.

LTCBTC – Daily Chart

From above, the nearest level of resistance lies above the upper boundary of the channel at 4000 SAT. Above this, higher resistance lies at 4200 SAT and above. From below; the nearest levels of support are 3600 SAT and 3400 SAT. If the selling creates a fresh low, lower support may be located at 3300 SAT and below. The technical indicator Relative Strength Index (14) moving below 50-level shows the market may be preparing for a downtrend.

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Litecoin Worth Prediction – August 20

The Litecoin worth sees a 2.25% worth enhance over the previous 24 hours of buying and selling because the cryptocurrency reaches the $179 resistance degree.

LTC/USD Market

Key Ranges:

Resistance ranges: $205, $210, $215

Help ranges: $150, $145, $140

LTCUSD – Day by day Chart

LTC/USD positive factors a 2.25% worth rise over the previous 24 hours of buying and selling because the cryptocurrency bounces from $174 to succeed in $179. The coin is rebounding from a rising assist development line which prevented Litecoin from unwinding additional beneath the 9-day shifting common. The momentum has now shifted again into the bullish favor particularly with the Relative Energy Index (14) rebounding to cross the 60-level to be able to present that the consumers are unwilling to surrender their management of the market momentum simply but.

Litecoin Worth Prediction: Litecoin Worth Will get Prepared for The Upside

The Litecoin worth nonetheless stays impartial and it could must rise above the higher boundary of the channel to stay bullish once more. However, if the sellers push the market beneath the 21-day shifting common, then merchants could contemplate the market as bearish within the brief time period. Towards the upside, the primary degree of resistance lies at $190 whereas the potential resistance ranges lie at $205, $210, and $215 respectively.

Furthermore, if the sellers push the value beneath the 9-day and 21-day shifting averages, merchants could count on assist to be positioned at $160 and $155. Beneath this, different important helps will be positioned at $150, $145, and $140 respectively.

When compares with Bitcoin, the Litecoin worth is seen buying and selling throughout the 9-day and 21-day shifting averages at 3720 SAT. The Litecoin worth is subsequently rebounded in opposition to BTC and now attempting to cross above the 9-day shifting common.

LTCBTC – Day by day Chart

From above, the closest degree of resistance lies above the higher boundary of the channel at 4000 SAT. Above this, larger resistance lies at 4200 SAT and above. From beneath; the closest ranges of assist are 3600 SAT and 3400 SAT. If the promoting creates a recent low, decrease assist could also be positioned at 3300 SAT and beneath. The technical indicator Relative Energy Index (14) shifting beneath 50-level exhibits the market could also be getting ready for a downtrend.

Seeking to purchase or commerce Litecoin (LTC) now? Make investments at eToro!

75% of retail investor accounts lose cash when buying and selling CFDs with this supplier

Tags: CloseLevelLTCUSDtrades
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