Litecoin Price Prediction: LTC/USD Price Slumps Closer to $100

Share This Post





Litecoin Price Dumps Closer to $100– January 22
There has been a heavy declining-moving nature in the LTC/USD market activities as the crypto-economic price slumps closer to the $100 line. The market, as of writing, has been trading between the high of about $117 and $105 lines. The crypto keeps a percentage rate of about 7.43 negatives.

Litecoin Price Dumps Closer to $100: LTC Trade
Key Levels:
Resistance levels: $120, $130, $140
Support levels: $100, $90, $80

LTC/USD – Daily Chart
The LTC/USD daily chart showcases the crypto-economic price slumps closer to $100. The downward force has been immersive, able to breach the $125 level to the downside in the bearish channel trend lines. The 50-day SMA indicator is underneath the 14-day SMA indicator. The Stochastic Oscillators have moved southbound slightly past the range of 20 into the oversold region. The downward force is prevailing in the market at the expense of bulls’ weaknesses to push back northward presently.

Will the LTC/USD market fall more as the crypto-economic price slumps closer to $100?

There may still be more downward motions, stagging against the LTC/USD trade at the $100 as the crypto-economic price slumps closer to the value line. A quick-rebounding moving effort is to resurface beneath the value line to set back the market on a recovery mode potentiality in no time. Therefore, the long-position takers may have to stay alert when that presumed scenario tends before deciding to go for a long position order.

On the downside of the technical analysis, the LTC/USD market short-position takers may now have their capacity mustered beneath the $125 trading level to keep a long dominance in the crypto business operations. Consolidation of the bears’ efforts around the value line mentioned will allow the market to get more advantages of forcing the price further to a lower trading spot in the long run.

LTC/BTC Price Analysis

In comparison, Litecoin has been downsizing in its trending capability as paired with Bitcoin. The cryptocurrency pair price slumps southward beneath the trend lines of the SMAs. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic oscillators are down close to the range of 20, indicating the possibility of getting to see the base crypto on the verge of losing more momentums to the chieftain counter crypto in the subsequent sessions.

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:

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ripple CTO Reveals Why The Payment Business Hasn’t Caught On In A ‘Big Way’

In an exchange on X (formerly Twitter), Ripple’s Chief Technology Officer David Schwartz, also known as “JoelKatz”, addressed criticisms about his company and the XRP Ledger Has Ripple

Elon Musk’s DOGE Plan Lets Public Call out ‘Insanely Dumb’ Government Spending

Elon Musk’s DOGE initiative invites the public to expose government waste, pledging transparency and targeting $2 trillion in federal spending cuts Elon Musk’s New Plan: Public Can Now Expose

XRP NVT Ratio Has Been High Recently: What It Means

On-chain data shows the XRP Network Value to Transactions (NVT) Ratio has seen some spikes recently Here’s what it means for the asset XRP NVT Ratio Reached A High Of 1,162 Earlier In The Month

Ethereum Price Hints at Downside Correction: Will Support Hold?

Ethereum price started a downside correction from the $3,450 zone ETH is now consolidating and facing hurdles near the $3,250 resistance Ethereum started a short-term downside correction from the

Bitcoin Hits Record High of $93,490: Social Media Hype Signals Possible Correction

The post Bitcoin Hits Record High of $93,490: Social Media Hype Signals Possible Correction appeared first on Coinpedia Fintech News The largest cryptocurrency by market cap Bitcoin has surged past

Can PNUT’s 3942% Rally Continue? Here’s What to Watch

The post Can PNUT’s 3942% Rally Continue Here’s What to Watch appeared first on Coinpedia Fintech News PNUT , a meme token themed on the Peanut squirrel on the Solana blockchain, is running like