Litecoin Cost Prediction: May 31

The 50-day SMA indicator lines up with the pre-eminent bearish channel trend line drawn above the 14-day SMA indicator. Stochastic oscillators remain in the oversold zone, which means that the downward forces have not yet culminated

LTC/USD Key market levels: Resistance levels: $75, $100, $125 Support levels: $50, $35, $20 LTC /USD – Daily Chart There has been no tangible change in cost direction in LTC/USD trades for quite some time as the crypto market fluctuates in a settling range.

The 14-day SMA trendline has moved south to post a downside, asserting the magnitude of a point of cost line resistance below the 50-day SMA trendline. Stochastic oscillators remain trying the overbought zone to possibly signify that the market may still enjoy some degree of bullish encouragement for a while.

Will the LTC/USD market continue to fluctuate well below the $75 degree of resistance? However, the force-force behind the downtrend shift appears to be entering a recess that is likely to cause a bit of indecisive trading in the following days' trades. The base crypto can resume contention for recovery against its opposing crypto. As seen, the LTC/USD market is trading in a range that is likely to continue well below the $75 degree of resistance for any longer. Consumer attitudes were next with a low activity shift, hence the reason for today's persistent range trend. It could not be an easy task to watch for decent buying access as the business case tends not to budge on a downtrend shift. On the downside of the technical study comes the LTC/USD market trades, which are heading towards gaining resistance at higher resistance fast. A candlestick may soon emerge to target to hit resistance near the 14-day SMA. And that bodes well for an expectation of a reversal of any upside pressure before long. Cost Analysis LTC/BTC Litecoin (LTC/USD) MarkeBy comparison, Litecoin has continued to degrade against Bitcoin's trend catalyst, over numerous sessions. Currently, the trading posture shows transaction costs at $68 between a high of about $70 and a low of $67, maintaining a negative percentage rate per minute of 0.85. The daily chart of LTC/USD shows that the crypto market is trading in a range near the tough trading grade of $75. The cryptocurrency pairs market is fluctuating in a range that is set, showing smaller candlesticks that represent a string of lower lows over the past few days.

---

Note: SignalsBitcoin.com is not a financial advisor. Do your research before investing your funds in any financial asset or featured product or event. We are not responsible for your investment results