Litecoin Price Pushes Slightly Northbound – June 29
The LTC/USD market pushes slightly northbound in the levels of $150 and $100. Price now trades at the value of $139 with a percentage rate of about 1.20 as of writing.
Price Pushes Slightly Northbound: LTC Market
Key Levels:
Resistance levels: $150, $200, $250
Support levels: $100, $90, $80
The market valuation of LTC/USD currently pushes slightly northbound within the two major points of $150 and $100 that it has been maintaining over time. The smaller SMA is positioned closely over the resistance level of $150. That depicts that point as vital in an uptrend’s return in this crypto-economy expectantly in the near time. The bearish trend-line drew downward across the SMAs to locate the present trading zone of the market below them. The 50-day SMA trend-line is above the 14-day SMA trend-line. The Stochastic Oscillators are somewhat slantingly moving to the north. Yet, they point upside close below range 80 to indicate that a degree of buying pressure is ongoing.
As the LTC/USD market pushes slightly northbound, is there now a reliable momentum to the upsides?
Notably, the degrees of pushes to the north are in a slight-moving manner. Therefore, the market between Litecoin and the US Dollar tends more pushes slightly northbound toward the point of $150 in the near session. The nearness of the Stochastic Oscillators to range 80 with a smaller bullish candlestick forming showcases that the uptrend force is less active. Therefore, there is a lack of reliability to getting easy upsides for traders. But, on the contrary, investors’ joining zone is still kept intact around the point with the $100 level inclusive.
If the recent downward trend has to continue featuring in this crypto economy, the market’s line of $150 must responsive to bears’ pressure while price pulls up in no time to the point. However, exerting a sell order at that spot should be wary of as a breakout has long expected to surface against that level. If that is what will be playing out eventually, it will be expected of bears to suspend their repositioning trading psyche in this market for a while.
LTC/BTC Price Analysis
It now appears on the LTC/BTC price analysis chart that the base crypto has almost lost out in trending-outlook font to the counter instrument. Being as it is, Litecoin seemingly pushes slightly northbound as pairing with Bitcoin from a lowly zone. It now appears on the LTC/BTC price analysis chart that the base crypto has almost lost out in trending-outlook font to the counter instrument. Being as it is, Litecoin seemingly pushes slightly northbound as pairing with Bitcoin from a lowly zone. The 14-day SMA trend-line has crossed the 50-day SMA trend-line to the south to show the base instrument’s trending capacity. The Stochastic Oscillators are at a range of 80, slightly pointing to the north. Although there is a move more to the upside, there may be a lack of reliable energy for sustainability. Therefore, a line of range-bound movements may occur while that sentiment plays out.
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