Litecoin falls below the $67.00 mark after completing its upward trend across the $70.00 mark. The Litecoin price reached the support of the range at $66.80, by 08:00 GMT on February 04. The coin is now expected to move the next upward targets, at $69.70 and $72.70.
1-Day Litecoin Price Analysis (February 04)
The cryptocurrency started the day with a price of $69.60 US Dollars, where it continued the rise from the end of February 03 and reached a day’s high of $70.27 US Dollars by 00:17 GMT. The trading pair gradually moved its price downwards and it slipped below the $69.00 mark by 03:11 GMT.
The coin saw crashed below the $67.00 level by 09:24 GMT following a bearish fall at 08:26 GMT. The cryptocurrency regained price above the $68.00 mark after 15:00 GMT and after 18:00 GMT the price fell below the $67.00 mark again. The Litecoin/US Dollar trading pair closed February 04 with a trading price of $68.09 US Dollars.
Technical Indicators for Litecoin
The 20-Day Exponential Moving Average (EMA) for Litecoin closed at $67.79 on February 04, while the 50-Day Moving Average (MA) closed at $67.47. The third technical indicator, the Relative Strength Index (RSI), closed at 60.26.
Featured Image by Ashley Hirsch.
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.