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Litecoin price analysis: LTC/USD trades on the downside in the next 24 hours

Litecoin Price analysis
TL;DR Breakdown
  • Litecoin price analysis is bearish
  • LTC is currently trading at $84.
  • LTC support is at $75.

Litecoin price analysis is bearish. Litecoin’s price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.

The daily chart shows that the Litecoin price is trading below the $85.58 resistance level. The 50-day moving average has crossed below the 200-day moving average, a bearish signal. Prices are also trading below the descending triangle pattern, another bearish sign.

The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.

LTC prices are currently testing support at $85.40, and a break below this level could see prices decline towards $80.00 in the short term. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside. Overall, Litecoin prices are bearish in the short term, and a break below $85.40 could see prices decline to $80.00.

Litecoin price analysis on the daily chart: Bears mount pressure as LTC prices plummet

Litecoin price analysis on a daily timeframe is bearish as the cryptocurrency tests support at $85.40. The Litecoin price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.

image 128LTC/USD 1-day price chart, source: TradingView

The daily chart shows that the Litecoin price is trading below the $85.58 resistance level. The 50-day moving average has crossed below the 200-day moving average, a bearish signal. Prices are also trading below the descending triangle pattern, another bearish sign.

Litecoin price analysis on 4-hour chart: LTC/USD pair at risk of further losses

Litecoin price analysis on a 4-hour timeframe is bearish as the cryptocurrency tests support at $85.40. The Litecoin price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.

image 129

LTC/USD 4-hour price chart, source: TradingView

Litecoin price analysis is bearish as the cryptocurrency tests support at $85.40. The Litecoin price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.

LTC prices are currently testing support at $85.40, and a break below this level could see prices decline towards $80.00 in the short term. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.

Litecoin price analysis conclusion

In conclusion, Litecoin price analysis shows that the LTC/USD pair is likely to continue its downtrend in the near term as bearish pressure mounts on the market. The next support level for LTC prices is likely to be $80.0 if the bears continue to exert pressure on the market. However, if the bulls manage to push prices above $85.58, Litecoin prices could resume the uptrend.

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.
William Suberg

William Suberg

William Suberg is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. William is a lover of sports.

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