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Litecoin prediction is bullish as the market continues moving higher over the last 24 hours. The previous support at $170 was retested overnight, and further upside followed. From there, the market should move to break the $220 resistance over the next 24 hours.
The LTC/USD price moved in a range of $170 – $204, indicating a moderate amount of volatility for the cryptocurrency. The trading volume has decreased by 16.2 percent over the last 24 hours, while the total market cap stands at $12.8 billion, ranking the cryptocurrency in 15th place overall.
The overall market continues moving lower after setting a new all-time high at the $413 mark last month. From there, LTC/USD has retraced over 70 percent and established a new major swing low at $120. Therefore, bears are likely exhausted, and we can expect the market to retrace in a major way over the next few days.
Looking at the price action over the past week, we can see that bears managed to set only a slightly lower low on the previous push down. This means a push above the $200 could be the last lower high we see. From there, LTC/USD should establish a higher low and move forward with regaining the loss seen over the past weeks.
The first strong signal for a market reversal would be a clean break above the $220 resistance. From there, the Litecoin price should set a higher low and start to trend higher.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
