After trading with a day’s range of $74.30 — $75.12, Litecoin (LTC) sees itself across the $75.00 mark on the price chart for February 06. Litecoin price met the two price targets from the upward plan for February 06. The cryptocurrency has a strong support line placed at $66.838 and it was expected to follow another upward plan over February 07, and the next four price targets were placed at $76, $77, $79 and $80.
1-Day Litecoin Price Analysis (February 06)
The Litecoin price met two of its price targets from the last upward plan for February 06. Whereas the price has yet to meet any price targets for the upward plan for February 07. The strong support line is placed at $66.838, and the next price targets are listed as $76.174, $77.901, $79.398 and $80.676. The first price target ($76.174) was expected to be met by 21:00 GMT on February 06, but the cryptocurrency is yet to meet any targets from this upward plan.
The cryptocurrency saw a bullish momentum at 03:39 GMT on February 06, and the price rose to $74.00. At the start of February 06, the trading pair fell to the $71.00 mark. The coin rose across the $75.00 mark by 13:14 GMT, and it currently lies at $74.65 US Dollars.
Technical Indicators for Litecoin
The 20-Day Exponential Moving Average (EMA) met $74.03 at the end of this price chart, while the 50-Day Moving Average (MA) was seen closing below the EMA, at $73.48. The last technical indicator for Litecoin, the Relative Strength Index (RSI), was seen at 66.17.
Featured Image by Matthew Henry.
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.