Litecoin Shows A Bullish Reversal Pattern, Will LTC Price Go To $70?
2022年9月2日 - 1:31AM
NEWSBTC
Litecoin (LTC) has struggled against Tether (USDT) as bulls
continue to push the price above the key support region, forming a
bullish chart pattern. Bitcoin’s (BTC) price has shown less steam
compared to recent times; this has affected most crypto assets,
including the price of Litecoin (LTC). (Data from Binance) Related
Reading: Lightning Speed: 5 Ways To Make Money/ Earn Sats Using The
Lightning Network Litecoin (LTC) Price Analysis On The Weekly
Chart Litecoin (LTC) price has shown so much strength after
hitting a low of $42; the price bounced off from this region and
rallied to $55. The price of LTC rallied to a high of $65 but
was rejected as this proved to be a resistance for LTC on the
weekly chart. LTC price dropped to a region of $50, forming
weekly support to hold off the price from selling off. The price of
LTC has continued to hold above support and build momentum to break
above this region. The price of LTC is currently trading below its
resistance, stopping the price from trending higher. If the LTC
price cannot break past this resistance of $57, we could see the
price revisiting the support region at $50, acting as a demand zone
for most investors. Weekly resistance for the price of LTC – $57.
Weekly support for the price of LTC – $50. Price Analysis Of BTC On
The Daily (1D) Chart After falling from a high of $400, the price
of LTC on the daily timeframe has formed an ascending triangle
indicating a potential price reversal could be imminent. The price
of LTC found its daily low at $40; as the price bounced off from
that region, LTC’s price has remained strong, trading above $50,
not allowing bears to take the price lower. Despite being
rejected recently from the $60 mark, LTC price has shown great
bullish strength ranging in the ascending triangle and holding
above its trendline support region. The price of LTC is
trading at $54 below the daily 50-day and 200-day Exponential
Moving Average (EMA). The 50 EMA corresponds to the price of $57,
acting as a resistance for the price of LTC to trend higher. If the
LTC price breaks and holds above the $57 corresponding to the 50
EMA, we could see the price trending higher to a region of $60,
acting as another key support. Daily (1D) resistance for the LTC
price – $57-$60. Daily (1D) support for the LTC price – $50. Price
Analysis Of LTC On The Four-Hourly (4H) Chart The price of LTC on
the 4H chart has continued to look bullish, trading in an uptrend
channel, trying to hold above the trendline support area. BTC price
currently trades above the 50 EMA on the 4H chart. After
forming an uptrend bullish bias on the 4H chart, the price of LTC
has continued to trade above this trendline as a break below this
trendline acting as support would invalidate the setup. LTC
price trades above the 50 EMA but below the 200 EMA, acting as
resistance for LTC prices. The price of $55 and $57 corresponds to
the values of 50 and 200 EMA. The Relative Strength Index
(RSI) for LTC on the 4H chart is above 50, indicating moderate buy
order volume for the LTC price. Four-Hourly (4H) resistance for the
LTC price – $57-$60. Four-Hourly (4H) support for the LTC price –
$50. Related Reading: Does The U.S. Dollar Rally Poses A Danger To
Bitcoin? BTC Loses $20,000 Levels Featured Image From zipmex,
Charts From TradingView.com
Litecoin (COIN:LTCUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Litecoin (COIN:LTCUSD)
過去 株価チャート
から 4 2023 まで 4 2024