Preparing data for you could take a moment.
Thank you for your patience.
It is worth the wait.
We frequently make our website faster.
Litecoin Price Prediction: LTC/USD Fluctuates in Range Zones

Litecoin Price Prediction: LTC/USD Fluctuates in Range Zones

Litecoin Fluctuates in Range Zones – June 9
The LTC/USD worth now fluctuates in range zones of $200 and $150 after making a failing attempt to push down past the lower range value of the market. The crypto market’s price is now seen trading around the level of $158 not being too far from the lower range-bound zone. As of writing, the financial percentage rate of the trade stands at about a reduction of -2.12.

Market Fluctuates in Range Zones: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $130, $1200, $110

LTC/USD – Daily Chart

Today’s session has seen a very tiny candlestick in the range-bound zones very to the lower point. As a result, it is still somewhat depicted on the LTC/USD daily chart that the range-bound zones will have to hold until some other next sessions as the two major movers are seemingly not making their impact strong on the market. The bearish trend-line drew southward across the SMA trend lines to place a mark near above the level of $150 to indicate the degree at the market valuation is. The 50-day SMA indicator is located over the 14-day SMA trend-line. The Stochastic Oscillators have moved down from the overbought region to point toward the south very lightly past range 20. That still suggests that a relative amount of selling pressure is ongoing in the market.
blank

What direction the LTC/USD price fluctuations in range-bound zones lead into?

As regards the LTC/USD price fluctuation in the range–bound zones, bulls may have to patiently wait for a rebound from a lowly point of the lower range-line for a decent buy entry. The downward moving past of the $200 resistance level by the 14-day SMA will possibly allow price to push more for a quick revisit-trading situation of some lower values.

Analyzing the downside of this market, the eventual breaking down of the lower range-bound line of $150 is still scary as to whether a downward push past it could be sustainable in the long run. It could only be a good trading condition for bears to consolidate their presence at the zone strongly against any attempting upward motion that could in the process signal an end to getting to see more downs in a continuation moving spirit.
blank

Looking to buy or trade Litecoin (LTC) now? Invest at eToro!

LTC/BTC Price Analysis

Taking a deep look at the trending outlook that exists between Litecoin and Bitcoin, the base crypto possesses a weightier stance pairing with the counter crypto to some extent as it is depicted on the price analysis chart. But, in the meantime, the base crypto seems to succumb to a force by the counter instrument as a movement is being made currently in the market to push southward out of range-bound zones that have existed at a higher considerable level. The 14-day SMA trend-line is closely located above the 50-day SMA indicator. And, they still both point toward the east direction. The stochastic Oscillator slightly point toward the south to keep a warning signal possibly against seeing LTC pushing with ease as paired with BTC as of writing.

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Market Dares Breaking Lower – June 8
It is currently observed at a closer viewing point that the LTC/USD market dares breaking lower the range-line as the price has been fluctuating around the value of 155 at a rate of -4.24 percent.

Market Dares Breaking Lower: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $120, $110, $100

LTC/USD – Daily Chart
Today’s trading session as depicted on the LTC/USD daily chart that price dares now dares breaking lower range-line as the level of $150 has briefly traded past to the south initially. A bearish candlestick is in the forming motion. The 50-day SMA indicator SMA has been intercepted from the top by the 14-day SMA trend-line as the bearish remains crossed downward against the SMAs’. The Stochastic Oscillators have crossed the lines from the overbought region to point southbound briefly past range 40 suggesting a downside pressure is the offing.
blank

Breaking lower past the range-line, will the ETH/USD market see a huge drawdown?

Breaking lower past the range-line, it has now been noticed by ongoing selling pressure in the ETH/USD  economy that a southward move Is imminent in the near session. A sudden pull-up from the lower range point of $150 will most likely push back the market into another trial trading situation of a bullish trend returning. However, if such a presumed scenario doesn’t have a volatile move, the range-bound may tend to continue.

As both the bearish and the 14-day SMA trend lines remain placed at the immediate resistance and the upper range-line of $200 below the 50-day SMA indicator portends that some degree of downward pressure is still somewhat in the market operations. Bears ought to have taken the advantage of the situation to have placed a sell order around the upper range-line. But, they now have to be wary of their position around the lower range-line.
blank

Looking to buy or trade Litecoin (LTC) now? Invest at eToro!

LTC/BTC Price Analysis

Comparing the market moving-capacity between Litecoin and Bitcoin, the base crypto yet possesses a higher length as paired with the most valuable counter crypto to some extent. A line of variant higher lows is kept occurring on the buy signal side of the bigger SMA indicator. The 14-day SMA and the 50-day SMA trend lines are pointing toward the east direction to validate an ongoing range trading outlook of the cryptos. The Stochastic Oscillators have slightly crossed downward from the overbought region to point to the south near over range 40. Going by that, the base crypto is on the verge of breaking the lower range zone as placed against the counter cryptocurrency.

75% of retail investor accounts lose money when trading CFDs with this provider

Source