LTC Technical Analysis May 24, 2022

Litecoin Cost Prediction: May 24 The 50-day SMA is above the 14-day SMA. The horizontal line drawn makes it possible for traders to be aware of the degree of support at $50 as the critical baseline in the occasional aggressive downward force that can occasionally occur from the range point. The market is accommodating to remake

LTC/USD Key Market Levels: Resistance Levels: $75, $100, $125 Support Levels: $50, $35, $20 LTC/USD – Daily Chart The daily chart of LTC/USD shows the crypto cost embarking on sideways moves, not far below the degree of trading resistance at $75. The market cost of LTC/USD is embarking on sideways moves quite a bit around the $75 resistance line.

Is the LTC/USD cost going to witness an increase in its valuation on the current sideways movements? Unexpectedly, the LTC/USD cost market is not going to witness valuation growth on today's sideways stance. It wasn't that certain moves are coming into effect by looking at the long-term cost study chart. Being this way, the traders have to discover that the stochastic oscillators in the default settings are paramount in making choices of this trading tool. Stochastic oscillators have briefly moved into the overbought zone to suggest a viable return of a downtrend against the base crypto in favor of the counter crypto. On the downside of the technical study, Everything looks set for the market to be pushed down by the bears from the range aspects in the longer term. A spike may falsely emerge against the $75 resistance trading degree to allow short position takers to take advantage of the supposed situation. Stochastic oscillators remain in the overbought zone with their line attached to indicate the likelihood of less downside in terms of getting more highs fast.

LTC/BTC Cost Analysis Litecoin has been trending down with the era, pairing with Bitcoin on the cost study chart. The price of the cryptocurrency pair is embarking on sideways movements below the trend lines of the SMAs. The 14-day SMA indicator is below the 50-day SMA indicator. The downtrend channel lines have to corner the SMAs with the trading candlesticks representing the outcome of the market case between LTC/BTC trading consumers and sellers. The cost now trades between a smaller spot of the $70 and $68 cost lines, maintaining a positive 0.99 percentage per minute rate.

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