Litecoin Price Prediction: LTC/USD Market Consolidates at a Higher Resistance zone

Litecoin Market Consolidates at a Higher Resistance zone – March 27
It has affirmed that the LTC/USD market consolidates at a higher resistance zone of around $125. The crypto market trades between the high of $126 and $123 at a minute negative percentage of 0.38.

Market Consolidates at a Higher Resistance zone – LTC Trade
Key Levels:
Resistance levels: $130, $140, $150
Support levels:$115, $110, $100
LTC/USD – Daily Chart
The LTC/USD daily chart showcases the economic market consolidates at a higher resistance zone. The 50-day SMA indicator is above the 14-day SMA indicator. There have been some different candlesticks occurring around the trend line of the bigger SMA trend line. The Stochastic Oscillators are in the overbought region, trying to cross the line southbound closely to the range of 80. That signifies the crypto economy may relatively lose pushes to the US Dollar.

Is there a probability that the LTC/USD trade may be losing to the downside as the market consolidates at a higher resistance zone?

It established that the LTC/USD trader bulls are to some extent continuing to wax higher in their pushes to the north side as the market consolidates at a higher resistance zone. Talking about the buying entry of this crypto business economy, a line of pull-downs has to occur before getting a rebounding motion. The current trading situation has not had a reliable signal to favor the movement to the downside. And, the force to the north side has continually been on a slow-and-steady style.

On the downside of the technical analysis, as there has been no reliable signal to observing a sustainable downward-trending motion in the LTC/USD market operations, bears will have to continue to watch out for bulls’ weaknesses to push northward further in any way. Being as it is, it may take a while before getting a decent entry that can firmly back a return motion to the downside.

LTC/BTC Price Analysis

In comparison, Litecoin is somewhat downing against Bitcoin about a couple of days back. The cryptocurrency pair market consolidates at a higher resistance zone. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic Oscillators have crossed southbound from the overbought region toward the range of 40. The indicator’s reading signifies the base crypto tends to lose momentum to the counter crypto. In other words, it means BTC is likely to push higher against LTC.

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