- The 24 hours trading volume of the token is 1,217,090,915 and the low of 17.16% was seen. The live price of Litecoin is $132.633
- The token has shown the pattern of bullish engulfing in the last 5 hours.
- The RSI oscillator for LTC shows the NEUTRAL action.
The LITECOIN has been running well below its 200 days moving average and also below its 50 days moving average. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. SMA-20, the token was unable to touch SMA-200 but SMA-50 was achievable at times.
The trendline marked in the chart shows the movement of SMA-20 above SMA-50 and so the returns were approximately 6-8% in this timeframe. The trend it is forming is downwards and the bearish win can be seen.
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 45.999 and marks the sell action. MA-5 shows the buy action but MA-10 and MA-20 show the sell action. Even MA-50 and MA-100 and MA-200 show the same sales action. However, the LTC at present is all set to buy. Which is expected to show a hike in price in the coming time.
The bull/bear power has the value of -1.049 and shows the sell action. The high/low marks the neutral action with the value of 0.00.
The LTC-BTC pair is trailing at the level of 0.003965 and the gain of 0.23% was seen whereas the LTC-ETH pair is trailing at the level of 0.06344 and the gain by 1.20% was seen in the last 24 hours. The token has shown the percentage change by 0.85% since yesterday’s open.
The volume/market cap of the token is 0.1368 and its market dominance is 0.64%.
Conclusion: The days range for the coin is 132.152 – 135.398 and presently is at 132.35. The token is expected to show rise in the coming time and if you wish to purchase this token then long it as SMA-20 is below SMA-50 and 200. If you have already purchased the token then sell it if you have attained the decent returns. Go through the historical data once before finalizing things.
Technical Instruments:
Pivot: 133.015
R-1: 133.613
R-2: 133.983
S-1: 132.417
S-2: 132.047
(Note- The unit is USD)
This news is republished from another source. You can check the original article here.
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