Bullish momentum starts building up again at $45.36
Litecoin price analysis shows the LTC prices are currently showing some bullish momentum building up again after a brief period of consolidation in the $45-$46 region. The prices have found some support near the $40 level and are currently trading around the $45.36 mark. The current market scenario suggests that Litecoin may rise towards the $50.36 resistance level in the near term. However, if the price fails to sustain above the $46 level, it may fall back towards the $40 support level.
Litecoin price analysis shows that the digital asset has started gaining some momentum as the trading volume is increasing lately, which is currently at $945,452,917.LTC is ranked at position 19 and the total volume market cap is sitting at$3,175,632,020. Litecoin price analysis suggests that the digital asset is likely to continue its upward trend in the near term as long as it sustains above the $45.36 mark.
The 1-day Litecoin prices analysis shows that Litecoin has started to retest the $50.36 resistance after a brief consolidation period in the $46-48 region. Litecoin price analysis has found support at $40 and is currently trading around the $45.36 mark. The bearish tried to push the prices below the $40 support level but failed to do so. In the last 24-hour timeframe, the technical indicator Relative Strength Index (RSI) has risen above the 50 level, which indicates that Litecoin prices may continue to rise in the near term.
Litecoin price analysis shows that the digital asset has started gaining some momentum as the trading volume is increasing lately, which is currently at $945,452,917.LTC is ranked at position 19 and the total volume market cap is sitting at$3,175,632,020. Litecoin price analysis suggests that the digital asset is likely to continue its upward trend in the near term as long as it sustains above the $45.36 mark.
The 1-day Litecoin prices analysis shows that Litecoin has started to retest the $50.36 resistance after a brief consolidation period in the $46-48 region. Litecoin price analysis has found support at $40 and is currently trading around the $45.36 mark. The bearish tried to push the prices below the $40 support level but failed to do so. In the last 24-hour timeframe, the technical indicator Relative Strength Index (RSI) has risen above the 50 level, which indicates that Litecoin prices may continue to rise in the near term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.