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Litecoin Price Prediction: LTC/USD Witnesses Price Upsurge in Ranges

Litecoin Price Prediction: LTC/USD Witnesses Price Upsurge in Ranges

Litecoin Witnesses Price Upsurge – June 14
The LTC/USD market operation witnesses price upsurge while it fails to break down the lower range-line. As of writing, the crypto records a positive rate of 2.95 percent to trade around the value of $175.

Witnesses Price Upsurge: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $130, $1200, $110
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LTC/USD – Daily Chart
On the LTC/USD daily chart, the crypto’s market activity now witnesses a price upsurge in the range-bound zones of $200 and $150. The smaller SMA has slightly breached past the upper range zone as a small candlestick is in the forming toward it from the underneath to establish the somewhat presence of an upward movement in the market presently. The 50-day SMA indicator remains crossed downward by the 14-day SMA trend-line. The Stochastic Oscillators have struggling to cross the lines in favor of the upside between ranges of 40 and 80. That suggests that an upward move is in the offing.

Could the present price upsurge break the resistance of the $200 level in the near time?

As the LTC/USD market witnesses a price upsurge in its trading activities, bulls now have every good opportunity to push further to the north. However, the line of resistance at $200 may be tough for the furtherance of an upsurge force. From the technical point of viewing, the pushes seem to be maintained around the long-ranging zones of the market.

The downward forces of the crypto economy could still be obtained around the immediate resistance level of $200. The placement of all the indicators over the point earlier mentioned has indicated that some downward pressures can still feature in the process of price not heightening its move around that point. If bears fail to hold their appearance stronger around that in the near assumed possible consolidation moving manner, an upward force may in that case take over the market to gradually decimate bears’ impact in the long run.
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LTC/BTC Price Analysis

It now appears that Litecoin cannot launch a position against Bitcoin. Therefore, there has been no tangible price upsurge to suggest that the base crypto will soon be pushing the trend as paired with the flagship counter trading tool. The 50-day SMA indicator is situated underneath the 14-day SMA trend-line as they both point toward the east. The Stochastic Oscillators have dipped into the oversold region to cross the lines to the northbound slightly over range 20. That suggests that the base crypto seems to be preparing the grand to regain the trending weight pairing with the counter crypto in the near time.

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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.
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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.
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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.

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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.
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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.
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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.

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