Cryptopolitan
2021-09-04 18:29:03

Litecoin price analysis: LTC/USD expected to surpass its intraday high

TL; DR Breakdown On the 4-hour Litecoin price analysis, bears seem to have taken charge of the market.LTC/USD hovers near key resistance at $215.Long-term outlook of Litecoin firmly in bullish conditionBitcoin trades at $50K while ETH strives to hit the $4K in the course of the weekend.  Litecoin price analysis: General price overview LTC/USD picked off the five-day Litecoin price analysis chart while the bulls had taken control of the market. The coin traded in a rising wedge forming several triangles. LTC has recorded a 25 percent gain in the last week. On the 5-day price analysis chart, the green bars seem to be more than the red ones. This is a good indication that the LTC/USD market is trading in bullish momentum. The Bollinger bands are moderate in size; this signals the prices are trading at a tight range, which means the market has low volatility. At the same time, the 100 day MA is trading positively throughout the 5-day price analysis chart, meaning that the LTC is bullish. There is a possibility of the bull dominance continuing as per Litecoin price analysis. On the daily price analysis chart, the market seems to be bullish in the early trading hours. Source: Coin360 Despite Bitcoin being on the green side of the cryptocurrency heat map, the coin had recorded slight drops as it is currently trading at $49.7K, having lost a few thousand dollars from yesterday’s highs.  The second-largest digital asset is striv...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer