Litecoin oversold

08.04.2021

However, the traction seems to have stopped and the price is now heading south. · Litecoin is no different, with LTC down by more than 15% in the last week. The Stochastic RSI indicator was seen all the way in the oversold zone. The RSI for Litecoin (LTC) is currently moving in a sideways following a sharp rebound from the oversold area. Litecoin had five bullish days in a row and went up from $67. Litecoin’s price movement was highly imitating that of Bitcoin’s. Litecoin price prediction – the long-term price prediction for Litecoin showed a bullish trend as the price fluctuates between the declining channels. Selling pressure is likely to make bottom at the $110 and $107 support levels. Litecoin has been trading in an uptrend for the past two weeks and has finally broken out of a key pattern on the 4-hour chart. 28 with a jump of nearly 0. Recovery to June highs around $146 has been impossible with the path of least resistance. This crypto currency has average movements during a day and with good trading volume, the risk is considered to be medium. The indicator is heading down towards oversold territory while price remains relatively stable.

Ethereum, for instance, was hovering at $200 in November, less than two months ago. · Litecoin has fallen into the oversold region twice as a result of the recent breakdown. However, the stochastic signal pointing up at level 17 % in the oversold region is an indication that the crypto might experience a change in trend in the days ahead. · Inversely, Litecoin may floor back to the blue support zone if price rejects at the current level. A downwards breakout could see the price move towards support at $124. One is Litecoin’s growing acceptance on the so-called dark web. Litecoin oversold

The channel’s support (0. LTC was valued at $174. Presently, LTC is at level 43 of the Relative Strength Index period 14. 00 price level and has started to decline below the $200 mark. Litecoin oversold

677 after a fresh collapse from the short-term support line. There has been a great deal of panic selling and market overreaction. 21 moving average was way above the candlesticks which further depicted a stronghold of bears. The 100 SMA is above the 200 SMA while Stochastic is closing in on the oversold region to signal seller exhaustion. Litecoin oversold

· The technical indicators for Litecoin painted a bearish image for the coming week. Anything outside these bounds and price can be considered overvalued or oversold fundamentally, although when. Some interesting observations are worth paying attention to in this regard. 08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Litecoin oversold

A sharp sell-off this week has pushed Litecoin into oversold territory, according to the Relative Strength Indicator, and on. This implies that the bearish trend is over. 1 day ago · American digital payment corporation PayPal revealed today that all United States consumers who hold Bitcoin, Ethererum, Litecoin, and Bitcoin Cash Litecoin Expected to Move Towards Its Resistance of $214 as PayPal to Enable Crypto Payments | Crypto Press. · The last time Litecoin was this oversold on the Bitfinex 2wk, it was $ 3. Litecoin oversold

5 is fullblown oversold territory and 2. EOS, Litecoin, and Ethereum were largely oversold While cryptocurrencies including EOS, Litecoin, and Ethereum rallied against the USD over the past week, they were also significantly oversold at the levels they rebounded from. · GBP/USD has been tumbling down amid a worsening market mood and weak UK data. · Since the drop two weeks ago, Litecoin was (till 11 August) trading in an ascending triangle trying to push higher and higher before a drop between 1200 to 1600 UTC on the day pushed to $54. The research paper goes on to compare litecoin’s fall of 81% from its all-time high in December last year with the overall decline in the crypto market of 71%, suggesting that this could mean that Litecoin is oversold at current levels. Litecoin oversold

LTC faces resistance in crossing above the $210 mark. Bitcoin Cash 24h $ 517. · Litecoin could be approaching an oversold area which may indicate a nice setup. Litecoin was unable to break above its 200-SMA (green) and the price moved lower towards $130 support at the time of writing. 5192%, as of 8:27p GMT, the market is open. Litecoin oversold

As of now, Litecoin is still bullish from a long term perspective with the main important scenarios to look out for. · The exchange has reportedly processed $3. Such oversold during a trend reversal will save the Litecoin from near resistance. · Litecoin price prediction follows a broader decline in altcoins Litecoin, just like every other altcoin, is currently undergoing correction after surging to fresh annual highs near $94. As of January 12th,, Litecoin’s MVRV was 0. Litecoin oversold

· Litecoin 24h $ 193. Litecoin oversold

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