Litecoin Price Analysis: LTC Crypto Accumulates Due To High Correlation To The BTC


  • Litecoin crypto price movement is accumulating in the range of $160 – $200 from several days
  • The 24-hour trading volume in LTC is $3.30 Billion
  • The LTC/BTC pair did trading at 0.005021 BTC with a gain of 4.21%

The daily technical chart of Litecoin’s crypto price resides below the pivot level of $240. According to pivot points, LTC’s significant support level is $140. Whereas if it flies up, the key resistance level to watch is $240. Moreover, the chart also points to a bullish engulfing candle describing bulls controlling the momentum in Litecoin.

STC indicator (BEARISH) – with a rate of 0 scales in the bearish territory indicating a sell signal. Investors may witness a downward curve in the index. It may remain in a bearish region for the upcoming trading sessions. 

The Ichimoku Cloud, consisting of lead 1 & lead 2 with a displacement value of 1. It acts as a pivot level and a leading indicator in the asset price change. Investors may witness the price break below the green Moku Cloud and now move below the red Moku Cloud, so until the price rests below the red Moku Cloud, it will assure a bearish trend in LTC.

The volume of (67.50K) is beneath the Volume MA (131.42K) of 20-days. Low volume is directed in LTC, which results in the downfall of the price levels.

Litecoin (LTC) Crypto Price Move Sideways Below The Pivot Points

Litecoin’s crypto price traded at $185 with a 10% gain in the last 24-hour and 0.5% gain weekly. In contrast, the market capitalization drops at $12.38 Billion. Technically, investors can perceive the price is below the red Moku Cloud. Hence, the STC indicator intimates a sell signal. In the coin, traders are directing low trading volume. Additionally, the price action can move towards the support of $140 in future trading sessions.

Resistance: $240

Support: $140

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