- Litecoin crypto price is trading near the supply or rejection zone after a strong bullish momentum and now trying to sustain above 100 and 200-day major moving averages.
- The digital asset was sustaining above all vital moving averages of 20, 50, 100, and 200-day lines and rebounded sharply from support lines of 100 and 200-DMA lines.
- The pair of LTC/BTC is trading on a positive note at 0.003819 BTC with an intraday gain of +3.64%, and the ratio of LTC/ETH is CMP at 0.05765 ETH with a 24-hour change of +4.71%.
Litecoin crypto price at the monthly chart is trading under a strong uptrend, where the coin witnesses a strong buying interest from the lower levels. The crypto asset has been trading under the bearish trend after reaching its new 52-week highs and witnessing substantial profit-taking. The bullish momentum gets support from the significant support levels of 100 and 200-day lines. The digital asset is reaching near the rejection zone, and the lower volume action can again give a pullback from the higher side.
Currently, LTC is trading above all vital moving averages of 20, 50, 100, and 200-day lines. Volume over the chart is still lower, recorded near average volume line, and needs to improve for further trading sessions. Support on the lower side is at $158 and $135, whereas resistance on the higher side is $198 and $225.
Litecoin crypto show bullish trend while creating divergence with volume
The weekly time frame, Litecoin crypto price showcasing bullish trend while creating divergence with volume activity. The price rises in an uptrend, making higher highs, but the technical parameters suggest a mixed trend. Presently, the litecoin price is trading at $187 with an intraday gain of +4.57%, and the volume to market cap ratio is at 0.1581
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Relative Strength Index (NEUTRAL): litecoin crypto RSI presently indicates a slightly flat and cautious over the weekly chart. In contrast, the RSI is trading flat after testing the lower zone and CMP at 62.
Moving Average Convergence Divergence (BULLISH): This currently indicates a bullish trend on the daily chart. The buyer’s signal line (blue)is overpowering the seller’s line (orange).
Support levels: $158 and $135
Resistance levels: $198 and $225.
