LTC Price Fluctuates at a $100 – April 28
LTC/USD market price fluctuates at a $100 lower-trading spot following a global declination in most crypto business operations lately. Presently, the crypto economy shows a positive percentage trading of 1.16, featuring between $103 and $99 value lines.
LTC Price Fluctuates at a $100: LTC Trade
Key Levels:
Resistance levels: $115, $125, $135
Support levels:$90, $80, $70
LTC/USD – Daily Chart
The daily chart showcases the LTC market price fluctuates at a $100 lower-trading zone, equally seems to get set for an upward swing from the point. The 14-day SMA trend line is underneath the 50-day SMA trend line. The horizontal line intently remains drawn at the value line. The Stochastic Oscillators are southbound, positioned at the range of 20, seemingly trying to close their lines to the upward direction.
Can the LTC/USD trade downsize more as the crypto-economic price fluctuates at a $100 level?
Some lower-lows may still prevail in the LTC/USD trade operations as the crypto-economic price fluctuates at a $100 trading level. The current trading situation may metamorphose into a range-bound outlook if the market-movers fail to exert pressures away from the value point. As things are, buyers expectantly to regain stances in the nearest possible time to make a come-back on a smooth mode afterward.
On the downside of the technical analysis, the LTC/USD market’s downward-moving motion is on the verge of exhaustion. Therefore, it may be unsafe to stay on shorting positions beyond the $100 trading level as a bounce-off can feature in no time from around the line. Investors may use the dumping process to buy more for a hold for sale until later sessions for rising. The verdict remains that selling orders are to suspend at this point.
LTC/BTC Price Analysis
In comparison, Litecoin holds its stance at a lower-trading zone against Bitcoin. The cryptocurrency pair price fluctuates at a lower point beneath the smaller-SMA trend line. The upper bearish channel trend line drew alongside the 50-day SMA indicator above the 14-day SMA indicator. The Stochastic Oscillators are dipped in the oversold region, seemingly trying to cross the lines northbound. That signifies the base crypto is struggling to stage a swing-upward in the present course of trading.
Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider.
Read more:
