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Litecoin Price Analysis: LTC struggling to overcome rejection at $190

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  • Bulls have been in control of the price charts for the past several weeks.
  • Oscillators are displaying neutrality.
  • In the previous weeks, there had been a crossover between SMA 20 and SMA 50.

The bulls have been in control of the price charts for the past several weeks, and a rise in value was announced today. The price is once more at $186.26, as the bulls were able to make a successful comeback in the last 24 hours.

Although the price dropped significantly earlier, the bulls were able to recover and once again pushed the cost above $186. The price could rise still more in the following hours, which is fantastic for buyers.

Litecoin Price Prediction for the 24-hour Chart: Bulls battle bearish momentum

The one-day Litecoin price analysis is predicting an increase in price, as the bullish momentum has been revived. Despite the fact that the price dropped recently, today’s trend has once again been favorable to the bulls.

Overall, the price has been rising in recent weeks and is now at $186.3, surpassing the MA value of $180.9 for the first time.

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In the previous weeks, there had been a crossover between SMA 20 and SMA 50, further validating the bullish trend. The Bollinger Bands Indicator is displaying the following values: $197.65 for the upper limit and $147.02 for the lower value. For today, the RSI score is 58.92.

Litecoin price analysis: Price back to $187

Following the previous fall, the four-hour Litecoin price analysis is showing signs of bullish movement. The price levels have returned to $186.3 after the favorable momentum was rekindled. For the last few hours, a downward trend has been in effect, but bulls have been able to return. Because of the prior drop, the price

Litecoin Price Analysis: LTC struggling to overcome rejection at $190 1LTC/USD 4-hours price chart. Source: TradingView

The average price of the Bollinger bands is currently $185.31. The upper Bollinger band, which is at $192.5, is higher than the lower one, which is at $178.13. The RSI score is 54.77, indicating a fairly neutral position. Nonetheless, bulls have been able to keep prices stable LTC/USD 4-hours price chart.

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In addition, Litecoin is currently ranked as the sixth largest coin by market capitalization via CoinGecko’s live data.

The one-day LTC price analysis is predicting a further increase in value for Litecoin.

From a broad perspective, the value of the coin has made significant gains during the previous two weeks. This is why, on the technical side, LTC/USD’s chart is going up with 14 indicators for buyers, eight for neutrals, and four for sellers.

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The indicator for moving averages is providing support for the bulls, with a high bullish signal. At the moment, twelve indicators are maintaining the buying position, two of which are on the selling level and one on the neutral area. The Oscillators are displaying neutrality; seven oscillators sit at neutral levels, while two indicators each reside on selling and purchasing levels.

Litecoin price analysis conclusion

The recent one-day and four-hour Litecoin price analysis is providing evidence of a rise in value as the bullish momentum has been rekindled. The price has been stabilized at $186.3 after having fallen significantly earlier. The buyers’ prospects are improving as the hourly forecast favors traders as well, providing an upper hand.

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Litecoin price analysis: LTC hovers above $200. Is LTC consolidating?

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  • Litecoin price analysis is bearish today.
  • Support for LTC is present at $216.
  • Resistance is found at $226.8.

Litecoin is again covering the downwards range as a decrease in price is observed today. The selling pressure has triggered again, and the bears have taken over the price function. The selling activity has affected the price, and more devaluation might be ahead.

The LTC/USD is overall sustaining its value above the $200 psychological mark after going through severe damage from 15th to 18th November when the coin was rejected from $280 and plunged down at $204. However, LTC managed to stop further slippage and seems like it is in a consolidation phase before it can rally again in the next week

LTC/USD 1-day price chart: Bears ruling the charts

The 1-day Litecoin price analysis shows the price has decreased from yesterday’s price cap of 223. Today the LTC has traded in a range of $225 to $217 so far, and at the time of writing, the LTC/USD is trading hands at $219.72 exactly, but it is expected that the price will go further down, as the selling pressure is already there and after 18th November LTC is following a zigzag price pattern which looks like a consolidation pattern. LTC has lost 0.13 percent value over the last 24 hours, but it has also gained 7.82 percent value over the past week. On the other hand, trading volume has increased by 10.06 percent, and the market dominance is 0.57 percent.

Litecoin price analysis: LTC hovers above $200. Is LTC consolidating? 1
LTC/USD 1-day price chart. Source: TradingView

The volatility is also high, but the Bollinger bands show some degree of convergence, with the lower band covering more range upwards, while the upper band moves almost unchanged, hinting at the price to maintain its level on the broader spectrum and a rally upside may be observed in the coming days. The lower end of the indicator also suggests a support zone for LTC around $188 level, but on the flip side, the mean average of the indicator suggests a resistance level around $233 level for LTC.

The moving average (MA) is still below the price level at $216, but the price may step below the MA. And the relative strength index (RSI) has traveled down from the upper half to the lower half of the neutral zone; as the price stepped down to $219, the RSI has lowered to index 48.

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Litecoin price analysis: Recent developments and further technical indications

The 4-hour Litecoin price analysis shows the coin is on a downwards trend from the last 12 hours, but the major loss was observed during the last four hours. However, now the LTC seems on its way to retest the support present at $216.

Litecoin price analysis: LTC hovers above $200. Is LTC consolidating? 2
LTC/USD 4-hours price chart. Source: TradingView

The volatility on the 4-hour chart is mild, with the price trading below the upper Bollinger band. The upper band and the mean average of the indicator represent resistance and support for LTC/USD at $226 and $214, respectively. The moving average is above the price level at the $220 level now, and the selling activity seems to be slowing down now as the price oscillation is low, which hints at the entry of bullish support soon.

Litecoin price analysis conclusion

The Litecoin price analysis concludes the coin is depreciating today in its consolidation phase. The bullish support may step in soon as the downwards price oscillation has slowed down. But for LTC to rally high, it must break out above the $231 resistance level. On the flip side, if the downtrend extends and LTC break below $203, this may cancel out the bullish scenario.

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Litecoin (LTC/USD) forecast and analysis on November 26, 2021

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Cryptocurrency Litecoin (LTC/USD) is trading at 216.48. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator bars.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021

As part of the Litecoin course forecast, a test level of 224.50 is expected. Where can we expect an attempt to continue the fall in LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 192.40. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator strip at 225.20.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021

Cancellation of the option to continue the decline in the Litecoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair above the 230.50 area. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021 implies a test level of 224.50. Further, the continuation of the fall to the area below the level of 192.40 is expected. The conservative area for selling is located area of ​​225.20. Cancellation of the cryptocurrency fall option will be a breakdown of the level of 230.50. In this case, we should expect continued growth.

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Litecoin Forecast and Analysis November 25, 2021

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LTC/USD are trading at 206.75 and continue to move within the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,532,540,973. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a rise in the value of a digital asset and a test of the resistance level near the 215.05 area. Where can we expect a rebound down again and the continuation of the fall in the Litecoin rate with a potential target below the level of 160.55.

Litecoin Forecast and Analysis November 25, 2021

An additional signal in favor of a fall in LTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the ”Triangle” pattern. Cancellation of the option to drop the coin will be a strong increase in the value of the asset and a breakdown of the area of ​​250.05. This will indicate a breakdown of the resistance area and a continued rise in the cryptocurrency rate with a potential target above the level of 295.05. With the breakdown of the support area and closing of quotations below the level of 190.55, we should expect confirmation of the development of the bearish trend in Litecoin and the beginning of the development of the “Triangle” model.

Litecoin Forecast and Analysis November 25, 2021

Litecoin Forecast and Analysis November 25, 2021 implies an attempt to correct and test the resistance area near the level of 215.05. Where can we expect a rebound and continued growth in the LTC/USD price to the area below the level of 160.55. An additional signal in favor of the fall in Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the decline option will be a sharp rise and a breakdown of the area of ​​250.05. This will indicate a continued rise in the cryptocurrency with a target above the level of 295.05.

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