- The price has resettled at $186.26.
- Litecoin price analysis shows bullish trend.
- Support is evidently strong at $147.02.
The bulls have been ruling the price charts for the past few weeks and even today a rise in price has been reported. The price is again at the $186.26 level, as the bulls were able to make a successful comeback in the last 24-hours. Although a noticeable drop in price occurred earlier, the bulls have been able to recover and have managed to take the price above $186 yet again. The price may increase further in the upcoming hours as well, which is highly motivating for buyers.
LTC/USD 1-day price chart: Bulls battle bearish momentum to retain control
The one-day Litecoin price analysis is dictating an increase in price as the bullish momentum has been revived. Although the price underwent a decline recently, today’s trend has again been supportive towards the bulls. Overall, an upswing has been observed over the past few weeks and today the price moved up to $186.3 level. The price is still standing above the moving average indicator’s (MA) value i.e. $180.9.
A crossover between SMA 20 and SMA 50 had been recorded in the prior weeks as well which further confirms the bullish lead. The Bollinger bands Indicator is indicating the following values; the upper value is $197.65 whereas the lower value is $147.02. The RSI score is balancing itself at 58.92 for the day.
Litecoin price analysis: Price bounces back to $186.3 after overcoming loss
The four hours Litecoin price analysis is showing signs of bullish activity as an increase in price has been detected. The price levels are now touching $186.3 after the bullish momentum was recovered. A downward trend had been following for the past few hours, but the bulls have been able to return back. The price is still standing below the moving average level i.e. $187.61 because of the previous drop.
The Bollinger bands average is currently found at the $185.31 level. Whereas the upper Bollinger band is standing at $192.5 level and the lower Bollinger band is standing at $178.13 level. The RSI score is 54.77 which is considered a quite neutral position. Nonetheless, the bulls have been able to stabilize price at $186 for now.
From a general overview, the coin value has undergone major improvement during the period of the last two weeks. This is why the technical indicators chart for LTC/USD is going bullish with 14 indicators on the buying side, eight indicators on the neutral side, and only four indicators on the selling side.
The moving averages indicator is providing support for the buyers as well with a strong bullish signal. There are 12 indicators currently maintaining the buying position, while two indicators are on selling position and one is on neutral position. The Oscillators are showing neutrality with seven oscillators on the neutral level, and two indicators each on selling and buying levels.
Litecoin price analysis conclusion
The one-day and four hours Litecoin price analysis is confirming an increase in the price as the bullish momentum has been revitalized. The price is now balanced at $186.3 after undergoing a significant decline earlier. Chances of improvement are increasing for the buyers as the hourly prediction is giving an upper hand to the bulls as well.
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