Litecoin preț analysis shows a bearish trend for today. The bears have taken over the price charts again and have reduced the price level to $53.58, as market sentiment is bearish towards LTC/USD. Selling pressure came in at the start of today’s trading session, but the trend remained undetermined during the first four hours, and after that, bears outplayed the bulls. The price trend line shows a downward curve from yesterday, low at the $53.03 level.
LTC/USD 1-day price chart: Litecoin price drops by 1% after a bearish run
Graficul prețurilor pentru o zi pentru Litecoin preț analysis shows the price breakup was downwards today and continues to go down as of now, and the LTC/USD pair is trading hands at $53.58 at the time of writing. The price trend was downwards from yesterday’s, and today the price seems to be sliding sideways. The trading volume is currently at $361 million, the market cap is at $3.8 billion, and overall the coin is at a loss of 1 percent in the last 24 hours.
The RSI indicator is currently at 48.75, and it is rising, which signals that the current downtrend might see a reversal soon, but for now, the market sentiment remains bearish. The MACD indicator is bearish as the signal line is above the candlesticks, and the bulls need to take control soon to turn this around. The 50 SMA is currently at $53.95, and the 200 SMA is at $51.08, which shows that the path of the least resistance is downwards as the 200 SMA is well above the current market price.
Analiza prețului Litecoin: valoarea LTC/USD crește până la 53.58 USD după revigorare
The 4-hour price chart for Litecoin price analysis shows a continuous degradation of price, and no considerable bullish effort has been observed today. The bulls and the bears have constantly been interchanging the leading position, but the bears are now in charge. The market is expected to be quite volatile today as the price levels are close to a major support level.
Volatilitatea este în scădere, ceea ce indică faptul că tendințele viitoare ale pieței s-ar putea dovedi să sprijine cumpărătorii de criptomonede. Dacă discutăm despre SMA, SMA pe termen scurt de 50 este cu mult sub prețul actual al pieței, ceea ce sugerează că piața ar putea vedea o oarecare rezistență în jurul nivelului de 54.99 USD. Pe de altă parte, dacă ne uităm la 200 SMA pe termen lung, acesta este cu mult peste prețul actual de piață și ar putea acționa ca un nivel de suport major în cazul unei erupții de urs.
Scorul indicelui de forță relativă (RSI) a scăzut la 47.82 din cauza tendinței de scădere prezentată de preț. MACD-ul arată destul de ursist și se pare că piața își pierde impulsul optimist.
Concluzia analizei prețului Litecoin
Looking at the Litecoin price analysis, it can be said that the market is currently under a bearish spell, and a downward breakout might take place if the bears continue to dominate the market. The major support and resistance levels are $53.03 and $54.99, respectively. A bearish close below the $53.03 mark might result in a downtrend towards the $52 level, and a break above the $54.99 mark might result in an uptrend towards the $55 level.
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