Litecoin [LTC] To Smoothly Surf Beyond $250 As Bulls Take Shelter

The crypto market was sheltering both the bears as well as the bulls. While coins like Litecoin [LTC] and Uniswap [UNI] were headed upwards, others like XRP, Binance coin [BNB], Chainlink [LINK] were enduring a slump. The overall crypto market cap was noted at a high of $1.71 trillion.

Litecoin had finally figured out a way back over $200. At the time of writing, LTC was trading for $217.73 with a 5.10% rise in the last 24-hours. This entire week seemed beneficial for the altcoin as it secured profits of over 20%. The asset managed to retain itself in the top ten as its market cap was noted at $14.44 billion.

Litecoin [LTC] One-Hour Price Chart On Coinbase


Both the bulls and the bears were putting on a show in the short-term price chart of LTC. The Parabolic SAR indicator revealed had persisted its bullish pattern throughout the last few days. The dotted lines below the candlesticks acted as a line of support against any potential downfalls. While this sentiment could help the coin hit $250, the MACD indicator was saying otherwise. The MACD line was below the signal line going in for a bearish crossover.

The Relative Strength Index indicator was up by the 60 median which suggested a buyers’ market in the LTC market.

Litecoin [LTC] One-Day Price Chart On Coinbase

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The bulls were swimming in the one-day price chart of Litecoin. The Awesome Oscillator had laid out dainty green closing bars. This further affirmed a bullish sentiment in the LTC market. The Chaikin Money Flow indicator was also delivering a bullish momentum with its marker over zero. Furthermore, all these signs suggested that LTC was heading towards $250.

The Money Flow Index indicator was exerting a buyers’ sentiment as the marker was over 60 median.

The short-term and the long-term charts of Litecoin pointed out that the bulls were in the market. However, the slight presence of the bears in the one-hour price chart could waver this growth.

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