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 rose from $82.4, currently testing the bearish fair value gap at approximately $90.4.
As for the technical indicators, Stochastic records show 87.0 in the description, meaning the cryptocurrency is overbought in the short term.
From a technical perspective, we expect LTC to begin a consolidation phase. In this scenario, the price is likely to retest the previous week’s high at $89.0, followed by the $86.9 support. This demand area is backed by the volume point of interest.
Please note that the bullish outlook should be invalidated if LTC/USD closes and stabilizes below $82.4.
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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