- Litecoin price is observing a strong upside momentum for the new high in the future. It might soon see a new high in the future.
- LTC might see a reversal in trend once the BTC starts to pick upside momentum. Meanwhile, LTC/BTC pair shows strength to reach new highs.
LTC coin price is observing a weak upside momentum but can soon revert to the new high in the upcoming days. Litecoin price has observed a gain of more than 0.5% in the past 24 hours and is trading near the value of $170. The asset is seeing a decrease in volatility in the past few days but can soon see an increase. LTC is up by more than 15000% from its all time low and is down by more than 60% from its all time high. Resistance zone for LTC while going upwards can be observed near $200.
Meanwhile, the support region of the asset can be seen near $150. The token price is currently trading above 50 and 100 Daily Moving Average. The 100MA line is near the $155 making it a temporary bounceback zone for the price.
If it goes 10 to 15% above the current level then a strong upside momentum can be seen in the future. LTC coin has an ROI of more than 3700% which has differentiated it from the other projects. The LTC/BTC pair is also seeing a bullish momentum on the daily chart and can soon breakout the previous resistance.
Litecoin market dominance market dominance has seen an increase in the past few weeks and it is ranked 16th in the CMC. The volume of the LTC is down by more than 2% in the past 24 hours. Volume to market capitalization ratio of the asset price hints towards a strong uptrend for the future
LTC Coin Price Technical Indicators Suggests A Strong Uptrend
The weekly technical chart of LTC highlights a bullish momentum in price for the future. While coming on to the daily chart the coin price is seeing a weak upside trend. If the coin price jumps 15 to 20% above the current level then a strong upside momentum can be seen. The LTC/BTC pair can also observe a new breakout in the future.
The volume indicator of the asset price on the daily chart is Sonear 229K with a weak buying momentum. If the price jumps above the $200 threshold then a strong uptrend can be seen.
LTC coin price is seeing a weak upside momentum but can soon revert to the new high. LTC/BTC pair can also observe a major breakout in price in future