Litecoin Price Analysis: LTC Under Weakness Of 37% Decline Weekly

  • Litecoin price movement is below EMA-200 and sustaining above $200 on an intraday trading session
  • The 24-hour volume in LTC is 11.70% down at $5,846,435,241
  • The LTC/BTC pair was trading at 0.005004 BTC with a decline of 7.77%

The 4-hour technical chart of the Litecoin price movement is in a rangebound at $200. According to pivot levels, the LTC significant support level is $115. Whereas if it travels up, the fundamental resistance level to watch is $250. Moreover, the chart shows a bullish pin bar candle describing bullish reversal with low reliability.

STC indicator (BEARISH) – with a value of 0 ranges in the bearish territory indicating a sell signal. Investors may witness a descending curve in the index. It may remain in a hostile region for the upcoming trading sessions. 

The Moving Average Exponential (EMA), consisting of 200-EMA, acts as unbroken support in the asset price movement. Investors may witness the price break below the red line, so until the price rests below the EMA, it will assure a negative trend LTC.

The volume of (7.95K) is beneath the Volume MA (80K) of 20-days. Low volume is directed in LTC to sustain the price level of around $200.

Litecoin (LTC) Price Requires High Buying Volume In Order Book

Litecoin price traded at $202 with an 8% loss in the last 24-hour and 37% loss weekly. In contrast, the market capitalization stands at $13 billion. Technically, investors can perceive the price is below the 200-EMA. STC indicator features a sell signal. In the coin, Holders are directing low volume. Additionally, the price action can break below the support of $200 in future trading sessions.

Resistance: $250

Support: $115

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