This Litecoin analysis reviews the cryptocurrency from technical aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the Bitcoin price changes.
Litecoin Analysis & Live Chart
Litecoin Technical Analysis
FenzoFx—Litecoin began consolidating after it formed a new high at $92.32. This correction resulted in the price dipping toward $88.52, a demand zone backed by the Anchored VWAP.
As for the technical indicators, we notice Stochastic is floating in the oversold territory, meaning the market can potentially bounce from this point.
The immediate support is at $88.52. From a technical perspective, a new bullish wave is likely to form if this level holds. In this scenario, the previous day’s high at $92.32 can potentially be the next target.
Please note that the bullish outlook remains valid above the critical support level of $86.93. If this support is breached, the bearish momentum from $92.32 could extend lower. If this scenario unfolds, the next demand zone will be $82.42.
Litecoin Trends Through Technical Indicators
The widget below calculates LTC/USD market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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