Litecoin Value Prediction – December 25
The Litecoin worth is caught between the bull and the bear as the value of the cryptocurrency fluctuates sideways above the shifting averages.
LTC/USD Market
Key Ranges:
Resistance ranges: $200, $210, $220
Assist ranges: $120, $110, $100
In the mean time, LTC/USD is at present defending the assist degree of $160 as the value hovers round $162. Although, the Litecoin worth stays above the 9-day and 21-day shifting averages, with the Relative Energy Index (14) indicating a sideways motion. In the meanwhile, the market worth is shifting throughout the channel and the technical indicator could also be issuing some bearish alerts.
Litecoin Value Prediction: The place Might Litecoin (LTC) Go Subsequent?
In response to the every day chart, the Litecoin price is but to point out sturdy bull dominance in the long run. However the short-term outlook is range-bound. In the meantime, a bullish interception above the 9-day and 21-day shifting averages might set the following key resistance at $200, $210, and $220, shifting in direction of the higher boundary. However, the market might expertise just a little rise earlier than the rally begins.
Following the continued motion, the 9-day shifting common is prone to cross above the 21-day shifting common. Due to this fact, any bearish motion beneath the shifting averages might seemingly find the helps at $120, $110 with a doable new month-to-month low at $100. As we are able to see from the every day chart, the buying and selling quantity has been barely low, suggesting that the bears might return to the market quickly.
When compares with Bitcoin, the Litecoin worth has been shifting sideways as sellers and patrons are attempting to determine who will take cost of the market. In the mean time, the market worth is shifting across the 9-day and 21-day MAs, and in direction of the decrease boundary of the channel whereas the technical indicator Relative Energy Index (14) is sustaining the sideways motion round 43-level.
Nonetheless, the downtrend might seemingly come into focus and the sellers might improve their entries if the bears break beneath the decrease boundary of the channel, merchants might anticipate the Litecoin worth to fall in direction of the assist degree of 2700 SAT and beneath. In the meantime, a rebound might improve it to the 3700 SAT and above.
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