LTC Price Analysis: LTCUSDT Shows Bullish Recovery As it Marks its Tenth-Year Milestone

By Sunil Sharma Published 1 day back Updated 1 day back Swap on 130+ DEXes Best Buy In






Ledger By Sunil Sharma Published 1 day back Updated 1 day back

Litecoin is presently rated the fifteenth cryptocurrency by market cap as it marks its tenth-year milestone in the crypto area. LTC owners normally do not see the tenth wedding anniversary to be worth commemorating as their precious crypto-asset obtains controlled by Bitcoin BTC as well as underperform contrasted to various other altcoins.

Litecoin LTCBTC Monthly Chart

The LTCBTC graph over highlights a bearish pattern with the Bitcoin owners seeing even more gains contrasted to LTC owners.

All efforts by LTC bulls versus the BTC are fruitless as the price stops working to shut over a considerable resistance, despite a successive bullish aberration in June as well as October ’21. We’ll require to see a price break over 0.007220 for self-confidence in a basic price recovery for the LTCBTC.

However, the LTCUSDT is still appealing with bullish recovery signals from the greater period, completely to the intraday graphes. Read on as we reveal the substantial graph patterns as well as price degrees driving the LTCUSDT crypto set.

Litecoin LTCUSDT Weekly Chart

The Litecoin price keeps a bullish overview also after the market-wide price dive on 10 May ’21, as the family member toughness index profession over level-25 given that 27 July ’20.

A current bear-trap candle holder pattern on 27 September ’21 brings want to LTC owners that have actually seen stunted returns as well as recovery contrasted to BTC as well as various other ALT coins.

Litecoin LTCBTC Daily Chart

The 28 September bullish aberration on the everyday graph over sustains the bear-trap candle holder pattern on the regular period, requiring the LTC price right into a positive trajectory as old resistance [$187.00] of 24 September are currently changed right into assistance.

Bullish energy at press time required the LTC price over the 07 October high [$187.0] with a predicted target at $240.00.

Litecoin LTCUSDT 4 Hr Chart

The normal bullish aberration assistance on 12 October ’21 08:00 dealt with the LTC assistance degree at $166.30 as well as progressed even more to damage the 14 October ’21 00:00 bearish aberration resistance, as well as turning it right into a brand-new assistance degree.

Although the RSI validates a brand-new uptrend at press time, the RSI worths might go down listed below level-75, requiring a modification of the LTC currency exchange rate. The higher pattern must linger as long as the RSI does not go down listed below level-25.

Litecoin LTC Intraday Levels

  • Spot price: 189.0
  • Mid–Term Trend [H4]: Strong Bullish
  • Volatility: High
  • Support: $166.30 as well as $180.90
  • Resistance: $193.00


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Facebook Twitter LinkedIn Sunil Sharma 230 Articles Sunil is a serial business owner as well as has actually been operating in blockchain as well as cryptocurrency area for 2 years currently. Previously he co-foundedGovt of India sustained start-up In Thinks as well as is presently Chief Editor at Coingape as well as CEO at SquadX, a fintech start-up. He has actually released greater than 100 write-ups on cryptocurrency as well as blockchain as well as has actually helped a variety of ICO’s in their success. He has actually co-designed blockchain growth commercial training as well as has actually organized numerous meetings in past. Follow him on Twitter at @sharmasunil8114 as well as connect to him at sunil (at) Previous

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