LITECOIN Price Analysis: Last one day transactions show the holders trust in LTC

  • The 24 hours trading volume of the token is 1,439,292,208 and the low of 4.68% was seen. The live price of LTC is $128.68
  • The token has shown the pattern of bullish doji stars in the last 24 hours.
  • The RSI oscillator for LTC shows the SELL action.
https://s3.tradingview.com/snapshots/j/JjChMqlR.png

The LTC 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 and SMA-50 and its ups and down formation was considered. When SMA-20 trailed above SMA-50 then the returns were approximately 8-10%. Presently SMA-20 has been running below SMA-50.

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 42.920 and marks the sell action. MA-5, MA-10 and MA-20 show the sell action as well. 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 -2.5189 and shows the sell action. The high/low marks the sell action with the value of -0.7755.

The LTC-BTC pair is trailing at the level of 0.003947 and the gain of 0.11% was seen whereas the LTC-ETH pair is trailing at the level of 0.06544 and the low by 1.56% was seen in the last 24 hours. The token has shown the percentage gain by 3.18% since yesterday’s open.

The volume/market cap of the token is 0.1676 and its market dominance is 0.64%.

The total holders for the coin have 3,728,147 addresses whereas its 24 hours active addresses are 337,605 which are in great numbers. This shows the holders belief in the token. Its top 10, 20 holders have more than 15% holdings whereas its top 50 and 100 holders have holdings more than 25%

Conclusion: The days range for the coin is 128.201-133.078 and presently is at 128.33. The token has taken the support from the trendline market and 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. The total active transactions in the last 24 hours shows the beliefs of buyers in LTC.

Technical Instruments:

Pivot: 128.933

R-1: 129.310

R-2: 129.542

S-1: 128.556

S-2: 128.324

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