Litecoin (LTC) seemed to have stalled a bit over the past few weeks, not moving higher against the overall market. This is not exactly surprising, because the market is generally in a downtrend, as we have seen over the past few months.
Litecoin price analysis: Litecoin still tests $150 support, ready to break lower?
Litecoin price analysis – April 8 Litecoin price analysis – April 8, 2017 – Litecoin price is currently trading below the $150 support level vs. the USD. We need to keep an eye on this bearish trend and monitor the price action for it to bounce back. Litecoin price analysis – April 8, 2017 – Litecoin price tested the $140 support level today and started extending gains vs. the USD. A move above the $150 level could push the price back towards $160. Litecoin price analysis – April 8, 2017 – Trusted Litecoin price analysis news provider Earn The Crypto has provided a daily forecast for Litecoin price analysis, which shows that breaking below the $150 support level could lead to a test of theSummary of the situation
- The LTC reached $160 yesterday.
- A further drop to $150 support overnight.
- The next disc is $120.
The Litecoin price analysis for today is bearish, as the market approached $150 overnight, and the bears are hoping to pull back and reach the $120 support level in the next 24 hours. Crypto-currency heat map. Source: Coin360 The general market has moved into negative territory over the past 24 hours. Bitcoin lost 1 percent and Ethereum lost 1.8 percent. The rest of the market follows this bearish price pattern.
Litecoin price movement in the last 24 hours
LTC/USD was trading between $151.26 and $160.83, indicating moderate volatility. Trading volume fell 21% to $1.77 billion. The total market value is $10.1 billion, putting the cryptocurrency in 12th place overall.
4-hour chart LTC/USD – LTC poised to break $150 support
On the 4 hour chart we see the price of Litecoin moving back towards the $150 level as the bears try to push the market lower. 4 hour chart LTC/USD. Source: TradingView The market as a whole has been in a bearish price pattern for several weeks. After a pullback from the previous top of $413 reached on the 9th. In May, the market lost more than 70% until support was found near $120. After a strong rejection of further declines, resistance was built around the $200 level. Therefore, as long as the Litecoin price does not exceed it, we can remain relatively bearish on the market. Since then, there have been several lower tops, the latest around $170. However, it was broken earlier this week and the bulls took the market to the $180 level. The subsequent pullback recovered losses and the $150 level was tested again. Therefore, we expect a decline today and a move towards $120 support in the next 24 hours. Once the $120 level is retested, we could see the LTC/USD finally begin an uptrend. This could happen again in the coming days if the $150 level holds.
Litecoin Price Analysis: Supplement
The Litecoin price analysis is bearish as the market has continued to fall for the past 24 hours and it looks like it has finally broken $150 support. Therefore, we expect LTC/USD to move towards the next support at $120 in the coming week. After that, the market could take a much more serious direction. In anticipation of a further drop in the price of Litecoin, check out our guides on what DeFi is, commissions for Bitcoin and what you can buy in Bitcoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Litecoin’s price declined over the past week after breaking through $200, and it looks as if the price will soon resume its downward trend. The support at $150 is currently holding up, so the bulls are likely to focus on that level to defend the gains. If the bulls succeed, however, $150 will likely be broken soon.. Read more about xlm and let us know what you think.
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