Litecoin price analysis: Price uplifted to $210 as the bullish rally continues

Litecoin price analysis Price uplifted to as bullish rally continues

TL;DR Breakdown

  • Price is now touching $210.2 height.
  • Litecoin price analysis dictates bullish trend.
  • Support has been immoveable from $188.

The price is on the rise once again as the latest Litecoin price analysis is confirming an upward price trend. The bulls have been leading consistently since the past few weeks with minimal bearish retraces. Even today, a rise in price has been reported as the price moved higher to the $210.2 level. The efforts from the buyers’ side have been commendable as the price was able to cross the $203.33 resistance as well.

LTC/USD 1-day price chart: Cryptocurrency follows increasing trend as bulls remain at front

The one-day Litecoin price analysis is showing signs of an uptrend as the price has been increasing for the past few weeks. There have been instances where the bears gained dominancy, but nonetheless, the bulls have been at the lead from an overall view. The LTC/USD price has covered upward movement in the last 24-hours as well and is now at the $210.18 level. Whereas the moving average (MA) value in the one-day price chart is at the $190.04 level.

Litecoin price analysis: Price uplifted to $210 as the bullish rally continues 1
LTC/USD 1-day price chart. Source: TradingView

The volatility has been increasing, which on the other hand, is not an encouraging signal for the future. The upper value of the Bollinger bands Indicator is standing at $203.33 whereas its lower value is at the $160 mark. The Relative Strength Index (RSI) score is touching the over-bought limit i.e. 70 because of the improvement in price.

Litecoin price analysis: Bullish momentum triggers price escalation above $210

The four hours Litecoin price analysis is confirming an uprise in price as the bulls have been at lead persistently. A rise in LTC/USD price has been recorded in the last four hours as well as the price has jumped to the $210.18 level. It can be estimated that the price will move over the $213 resistance as well and mark further heights. The moving average value has been quite stable at the $200.87 position as the SMA 20 curve has been traveling high.

Litecoin price analysis: Price uplifted to $210 as the bullish rally continues 2
LTC/USD 4-hours price chart. Source: TradingView

The Bollinger bands indicator in the four hours price chart is showing an average of $193. If we talk about its upper band, then it is present at $212.83 position whereas the lower Bollinger band is at $172.61 position. As the upswing has set new price records, the RSI movement has been exemplary as the score is now at 76.1.

Litecoin price analysis: Price uplifted to $210 as the bullish rally continues 3
LTC/USD technical indicators chart. Source: TradingView

The progress of LTC/USD price has been remarkable in the previous months because of the constant upgrade in its market value. This is why the technical indicators chart is showing favorable results for the buyers today. We can see 15 indicators on the buying position, eight indicators on the neutral, and three indicators on the selling position.

The moving averages indicator is further confirming the upward flow of price as well with a strong bullish signal. There are 14 indicators that are currently standing at buying position, one indicator is at neutral position whereas none is at selling position. The Oscillators are giving a slightly bearish hint, with seven indicators on the neutral mark, three oscillators on the selling mark, and only one indicator on buying mark.

Litecoin price analysis conclusion

The one-day and four hours Litecoin price analysis is supporting the bulls for the day as the price has successfully joined the $210.18 level. The price recovery in the last four hours has also been quite extraordinary and has provided an edge to the buyers for further growth. The strong support at $188 is also contributing to the steady price flow.

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.
Aamir Sheikh

Aamir Sheikh

Amir is a media, marketing and content professional working in the digital industry. A veteran in content production Amir is now an enthusiastic cryptocurrency proponent, analyst and writer.

Related News

Hot Stories

BlackRock launches spot BTC private trust
Solana price analysis: SOL shows slight declining dynamics at $43.5
What Crypto is BlackRock investing in?
Jito Labs Raises $10M from Multicoin Capital and Framework Ventures to Build Performant MEV Infrastructure For Solana
Bitcoin, Binance Coin, XRP, and Solana Daily Price Analyses – 11 August Morning Price Prediction

Follow Us

Industry News

BlackRock launches spot BTC private trust
Tornado Cash few accounts unblocked as dYdX affirms it adhered to Treasury’s ban
Renbridge Used by Cybercriminals to Launder $540M by Chain Hopping
Hotbit halts trading activities on its platform
Coinbase records $1 billion loss in Q2