Litecoin Price Analysis: LTC/USD Pair Comes Out of the Oversold Region

Must Read

The BIG 4 Rules The Crypto Market In Terms Of Volume With OKEx As The Leader

OKEx has recorded over $3.3 billion in December, which makes it the leader of all as it has...

The Cost Of Development of Blockchain Technology By Rostec Corporation Is Reduced By 50%

Blockchain technology is the new and upcoming technology that is in constant adaptation through the world either by...

Texas Based Company Vertalo Switches To Tezos Blockchain For Real Estate Funding

Vertalo is a Texas-based digital asset company in the United States which has adopted the Tezos digital coin...
5d53ab6f4b523-bpfull
Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Litecoin has enjoyed the bullish experience for a total of 5 days and the value of the currency reached around $69.75 front the value of $67.35. But at the current moment, the value of the currency is under little bearish pressure. The hourly break down of the currency display that pair of LTC/USD has been hovering between the values of $66.85 and $67.60 on Tuesday in its the first half. Then the value increased up to $69.50.

This value is just before the value of the currency reached up to $69.50 and the currency also meet up with the resistance level but unfortunately decreased up to $68.75. Later bulls made the value again reached up to $70.70 and breakout the barrier of $70. This ultimately corrected the position of LTC/USD pair at the value of $69.75.

The daily chart of the LTC/USD pair: Currently the value of the pair of LTC/USD is below the 200-day SMA, 50-day SMA and 20-day SMA. The pair broke overhead the downtrend line. The SMA of 20-days is in the action as the sudden resistance value in the market. The MACD also displays the enhancing bullish momentum and there is the two straight bullish movement session on the Elliott Oscillator. The RSI is also increased above the region of oversold and is trending around the value of 40.60

Litecoin Resistance Level – $72.28

Litecoin Support Level – $66

Litecoin Price Analysis 4th September: Currently, the value of the Litecoin is trading at the value of $67.54 and its value is decreasing by -0.03%. The market capitalization of the currency is $4,267,040,721 and the 24-hour volume of the currency is $2,873,948,076. The circulating supply of the currency is 63,180,062 LTC and the ROI of the Litecoin is 1,470.71%.

Hot News

The BIG 4 Rules The Crypto Market In Terms Of Volume With OKEx As The Leader

OKEx has recorded over $3.3 billion in December, which makes it the leader of all as it has a share of 35.8% of...

The Cost Of Development of Blockchain Technology By Rostec Corporation Is Reduced By 50%

Blockchain technology is the new and upcoming technology that is in constant adaptation through the world either by government bodies or private sectors. ...

Texas Based Company Vertalo Switches To Tezos Blockchain For Real Estate Funding

Vertalo is a Texas-based digital asset company in the United States which has adopted the Tezos digital coin to use in real estate...

Increase In Bitcoin Spending Precision Level – A Bitmex Report

Crypto-products trading platform Bitmex the level of precision of bitcoin spending certainty showed a sharp increase. Most transactions are done with the highest...

Binance Welcomes Norwegian Kroner And Croatia Kuna In Its Ecosystem For Trading

Binance digital money has turned into a significant apparatus to support new fiat entrances in their frameworks. Binance has been serving the overall...

Cryptocurrency Market Update: Bitcoin, Cardano, XRP, BSV, Ethereum Classic

The total crypto market cap has begun to rise sharply and recently tested the $248.55 Billion level. Bitcoin price has surged by about...

The Cost Of Development of Blockchain Technology By Rostec Corporation Is Reduced By 50%

Blockchain technology is the new and upcoming technology that is in constant adaptation through the world either by government bodies or private sectors. ...

Texas Based Company Vertalo Switches To Tezos Blockchain For Real Estate Funding

Vertalo is a Texas-based digital asset company in the United States which has adopted the Tezos digital coin to use in real estate...

Increase In Bitcoin Spending Precision Level – A Bitmex Report

Crypto-products trading platform Bitmex the level of precision of bitcoin spending certainty showed a sharp increase. Most transactions are done with the highest...

Binance Welcomes Norwegian Kroner And Croatia Kuna In Its Ecosystem For Trading

Binance digital money has turned into a significant apparatus to support new fiat entrances in their frameworks. Binance has been serving the overall...

RELATED NEWS

The BIG 4 Rules The Crypto Market In Terms...

OKEx has recorded over $3.3 billion in December, which makes it the leader...

The Cost Of Development of Blockchain Technology By Rostec...

Blockchain technology is the new and upcoming technology that is in constant adaptation...

Texas Based Company Vertalo Switches To Tezos Blockchain For...

Vertalo is a Texas-based digital asset company in the United States which has...