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- Litecoin price prediction suggests the token’s consolidation phase of LTC crypto after falling from a rising pattern.
- LTC crypto is trading at 100 EMA but is still below 20, 50 and 200-days Daily Moving Average.
- The pair of LTC/BTC is at 0.003907 BTC with an intraday gain of 0.35%.
Litecoin price prediction suggests the consolidation phase of LTC crypto below the rising wedge pattern. LTC crypto needs to surge towards its recovery phase over the daily price chart. Litecoin cryptocurrency must accumulate buyers in order to surge over the daily price chart.
Litecoin price is currently approximated at $65.80 and has gained 0.15% during the intraday trading session. However, trading volume has decreased by 42% during the intraday trading session. This demonstrates that sellers are trying to surrender buyers there for a pull back. Volume to market cap ratio is 0.04198.
Litecoin price prediction suggests that LTC has been sideways from the last few days trading session. However, volume change can be seen below average and needs to grow for LTC to surge over the daily chart. Meanwhile, LTC crypto is trading at 100 EMA but is still below 20, 50 and 200-days Daily Moving Average.
Will Litecoin Price Skip consolidation and Surge?
Technical indicators suggest the sideways momentum of LTC crypto. Relative Strength Index showcases the sideways momentum of LTC crypto. RSI is at 40 and is flat below neutrality. MACD exhibits the consolidation phase of LTC coin. The MACD line is the signal line and is hovering for a positive crossover.
Summary
Litecoin price prediction suggests the consolidation phase of LTC crypto below the rising wedge pattern. However, volume change can be seen below average and needs to grow for LTC to surge over the daily chart. MACD exhibits the consolidation phase of LTC coin. The MACD line is the signal line and is hovering for a positive crossover.
Technical Levels
Support Levels: $62.00 and $55.00
Resistance Levels: $80.00 and $85.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
