Litecoin Continues Ranging Close to $150 – July 11
The business operation of LTC/USD continues ranging close to the value of $150. The crypto market now trades around $135 at a positive percentage rate of about 0.82.
Continues Ranging Close to $150: LTC Market
Resistance levels: $170, $220, $270
Support levels: $110, $100, $90
LTC/USD – Daily Chart
On the LTC/USD daily chart, the crypto market continues ranging close to the value of $150 as a series of lower lows feature below it. The 14-day SMA trend-line slightly compresses southward at the level of $150 underneath the 50-day SMA indicator. The bearish trend-line drew downward to markdown the point at which the smaller SMA compressed. The Stochastic Oscillators are close to range 40, attempting to close the lines. That may eventually lead to a consolidation moving style.
Is there any possibility that a change could occur soon as the LTC/USD market continues ranging close to $150?
There has been no signal to back the possibility that price will change from the current trend as the LTC/USD market continues ranging close to $150.The point at $100 appears on the chart as the main lower range line of the crypto market. Therefore, it will be more technically ideal that a push downward allows emerging toward the point before bulls may to some extent get a decent buy entry. In the meantime, investors could now consider joining below the value in question.
On the downside, the crypto economy needed to be continually compressed downward by bears around the upper range-bound level of $150. A push over the point devoid of upside pressure continuity will bring back the motion into a maximal reversal for a return of downturn in the crypto economy. All in all, traders nursing the trading bias of going short in this market in the range-bound trading zones should be cautious of leaving their positions for a long time.
LTC/BTC Price Analysis
In the comparison, the trending capability between Litecoin and Bitcoin also now continues ranging underneath the trend lines of SMAs. The 14-day SMA trend line is below the 50-day SMA indicator, as they are both pointing toward the east in confirmation of the current-ranging movement of the crypto trade. The Stochastic Oscillators have moved southbound close over the range of 40, yet pointing to indicate a downward direction. That means the base crypto may relatively go down even in the range-bound zones against the counter crypto in the near time.
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