Litecoin News

Litecoin Price Analysis: LTC struggling to overcome rejection at $190

TL;DR Breakdown

  • Bulls have been in control of the price charts for the past several weeks.
  • Oscillators are displaying neutrality.
  • In the previous weeks, there had been a crossover between SMA 20 and SMA 50.

The bulls have been in control of the price charts for the past several weeks, and a rise in value was announced today. The price is once more at $186.26, as the bulls were able to make a successful comeback in the last 24 hours.

Although the price dropped significantly earlier, the bulls were able to recover and once again pushed the cost above $186. The price could rise still more in the following hours, which is fantastic for buyers.

Litecoin Price Prediction for the 24-hour Chart: Bulls battle bearish momentum

The one-day Litecoin price analysis is predicting an increase in price, as the bullish momentum has been revived. Despite the fact that the price dropped recently, today’s trend has once again been favorable to the bulls.

Overall, the price has been rising in recent weeks and is now at $186.3, surpassing the MA value of $180.9 for the first time.

In the previous weeks, there had been a crossover between SMA 20 and SMA 50, further validating the bullish trend. The Bollinger Bands Indicator is displaying the following values: $197.65 for the upper limit and $147.02 for the lower value. For today, the RSI score is 58.92.

Litecoin price analysis: Price back to $187

Following the previous fall, the four-hour Litecoin price analysis is showing signs of bullish movement. The price levels have returned to $186.3 after the favorable momentum was rekindled. For the last few hours, a downward trend has been in effect, but bulls have been able to return. Because of the prior drop, the price

LTC/USD 4-hours price chart. Source: TradingView

The average price of the Bollinger bands is currently $185.31. The upper Bollinger band, which is at $192.5, is higher than the lower one, which is at $178.13. The RSI score is 54.77, indicating a fairly neutral position. Nonetheless, bulls have been able to keep prices stable LTC/USD 4-hours price chart.

In addition, Litecoin is currently ranked as the sixth largest coin by market capitalization via CoinGecko’s live data.

The one-day LTC price analysis is predicting a further increase in value for Litecoin.

From a broad perspective, the value of the coin has made significant gains during the previous two weeks. This is why, on the technical side, LTC/USD’s chart is going up with 14 indicators for buyers, eight for neutrals, and four for sellers.

The indicator for moving averages is providing support for the bulls, with a high bullish signal. At the moment, twelve indicators are maintaining the buying position, two of which are on the selling level and one on the neutral area. The Oscillators are displaying neutrality; seven oscillators sit at neutral levels, while two indicators each reside on selling and purchasing levels.

Litecoin price analysis conclusion

The recent one-day and four-hour Litecoin price analysis is providing evidence of a rise in value as the bullish momentum has been rekindled. The price has been stabilized at $186.3 after having fallen significantly earlier. The buyers’ prospects are improving as the hourly forecast favors traders as well, providing an upper hand.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

This post was last modified on October 18, 2021 11:01 am

Richard Adrian

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience - Cryptopolitan.

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