Litecoin price sees a gradual decline towards the $69.00 mark on the price chart for February 02, the cryptocurrency had peaked below the $73.00 mark. As per an idea, if a support level at $69.613 tends to break, the cryptocurrency may head downwards three levels at which the next supports lie; $66.728, $64.209 and $61.945.
1-Day Litecoin Price Analysis (February 03)
Litecoin stood at the $69.50 mark just as the day started. The cryptocurrency’s price trend was instantly converted into a bullish trend, from its preceding bearish fall just as the price line stepped into February 02. The bulls took the price to a day’s high of $72.97 US Dollars, after which the price came crashing down to the $70.50 mark. After 02:00 GMT, the cryptocurrency sees a dishevelled price pattern for the rest of the day. The price pattern features a downward trend until the end of the day.
As its closing value, Litecoin stands at $69.49 US Dollars.
Technical Indicators for Litecoin
The Relative Strength Index (RSI) for Litecoin on February 02 saw an upward slip across level 70.00. At 00:38 GMT. Once it reached, 87.10 the cryptocurrency retreat below level 70. The 20-Day Exponential Moving Average (EMA) trades at $69.63, while the 50-Day Moving Average (MA) closed at $67.51.
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Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.