Litecoin Trade Keeps at $150 – September 30
The LTC/USD trade keeps at a $150 trading level as it has continually featuring series of ups and downs around the value line in denial of a bullish trend returning. The crypto market witnesses a percentage rate of about 3.61, trading around the market level as stated above. That shows that the market is on an improving style in valuation.
Trade Keeps at $150: LTC Trade
Key Levels:
Resistance levels: $180, $220, $260
Support levels: $130, $110, $90
The LTC/USD daily chart exhibits that the crypto-economic trade keeps at $150. There has been a tiny interception of the 50-day SMA trend line by the 14-day SMA trend line to the south side, indicating that the market moves under a falling force as the bullish trend line drawn in a supportive line beneath them has breached to the downside. The Stochastic Oscillators have crossed the lines briefly northward to signify the possibility that an upswing will feature in the near time.
Is the current lower trading level okay for investors as the LTC/USD trade keeps at $150?
It is technically advisable that the LTC/USD investors consider joining the crypto economy as the trade keeps at $150. The trading situation has concurrently featuring close beneath the value line. The points between $100 and the higher one mentioned earlier may be the zones that better opportunities may come up to buy or add more to the existing portfolio.
On the downside, there may be a chain of successive smaller bearish candlesticks as the market did around the late few trading days’ sessions of June until around July 20th operations. When such a scenario plays out, short-term traders going short on this market will only prey for smaller profits. However, untimely execution of sell order could potentially degenerate into a whipsawed trading situation around those value lines mentioned in the above paragraph.
LTC/BTC Price Analysis
The LTC/BTC price analysis chart showcases that the duo-cryptocurrency pair trade keeps around the support baseline. The 50-day SMA trend line is above the 14-day SMA trend line, with the bearish trend line drawn to back the resistance positioning of the smaller-trading indicator. The Stochastic Oscillators have penetrated the oversold region as they have crossed the lines northbound briefly against the range line at 20. That suggests that the base crypto is on the verge of regaining the trending capability as placed with the flagship counter crypto.
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