The price of Litecoin (LTC) is in an uptrend, but faces a rejection of the recent high. The cryptocurrency got stuck at the $62 resistance zone.
Dugoročna prognoza cijene Litecoina: medvjedast
In the last five days, buyers have made desperate efforts to break the recent high. On the upside, Litecoin will continue to rise if buyers overcome resistance at $62 and $64. Nevertheless, further upside for the cryptocurrency is doubtful as the altcoin is approaching the overbought region of the market.
The altcoin will decline if it encounters rejection in the resistance zones. If Litecoin declines and falls below the moving average lines, LTC/USD will retake the previous low at $52. Meanwhile, Litecoin is trading at $60 below the resistance zones.
Analiza pokazatelja Litecoin
Litecoin is at level 56 of Relative Strength for the period 14. The cryptocurrency is trading in the bullish trend zone as the price breaks above the moving average lines. The cryptocurrency’s price bars are above the moving average lines, indicating a possible upward movement. The cryptocurrency is above the 70% area of the daily stochastic. Litecoin is in a bullish momentum and approaching the overbought zone.
Tehnički indikatori:
Ključni nivoi otpora - 200 USD i 250 USD
Ključni nivoi podrške - 100 USD i 50 USD
Koji je sljedeći potez Litecoin-a?
Litecoin has been in an upward correction but faces a rejection at the recent high. The coin will fall as it faces a rejection at the recent high.
On the weekly chart, a candlestick has tested the 78.6% Fibonacci retracement level on March 21. The retracement suggests that the LTC price will fall but reverse at the 1.272 Fibonacci extension level or $0.39.
Odricanje od odgovornosti. Ova analiza i prognoza su lično mišljenje autora i nisu preporuka za kupovinu ili prodaju kriptovalute i ne treba ih posmatrati kao podršku od strane CoinIdola. Čitaoci bi trebali sami istražiti prije ulaganja u fondove.
Source: https://coinidol.com/ltc-move-and-challenges/