- Litecoin crypto price is trading near the offer or denial zone after a strong upward momentum and is now trying to hold above 100- and 200-day major moving averages.
- The digital asset mostly held the vital moving averages of the 20, 50, 100 and 200 day lines and rebounded strongly from the support lines of the 100 and 200 DMA lines.
- The LTC / BTC pair is trading positive at 0.003819 BTC with an intraday gain of + 3.64%, and the ratio of LTC / ETH is CMP at 0.05765 ETH with a 24 hour change of +4, 71%.
Litecoin The crypto price on the monthly chart is trading in a strong uptrend with the coin seeing strong buying interest from the lower levels. The crypto asset traded below the bearish trend after hitting its new 52-week highs and experiencing significant profit-taking. The bullish momentum is supported by the significant support levels on the 100 and 200 day lines. The digital asset reaches the rejection zone and the lower volume action can pull back from the higher side again.
Currently, LTC primarily trades in major 20, 50, 100 and 200 day moving averages. The volume above the chart is still lower, close to the average volume line and needs to be improved for further trading sessions. Support on the lower side is at $ 158 and $ 135, while resistance on the higher side is at $ 198 and $ 225.
Litecoin crypto shows a bullish trend while creating a divergence with volume
The weekly time frame, Litecoin Crypto price showing a bullish trend while creating a divergence with volume activity. The price is rising in an uptrend and making higher highs, but the technical parameters suggest a mixed trend. Currently, the Litecoin price is trading at $ 187 with an intraday gain of + 4.57% and the volume to market cap ratio is 0.1581
Relative Strength Index (NEUTRAL): Litecoin The crypto RSI is currently indicating a slightly flat and cautious course on the weekly chart. In contrast, after testing the lower zone, the RSI trades flat and the CMP trades at 62.
Moving average convergence divergence (BULLISH): This currently suggests a bullish trend on the daily chart. The buyer’s signal line (blue) overlays that of the seller (orange).
Support levels: $ 158 and $ 135
Resistance Levels: 198 and 225 dollars.