Litecoin is at the moment ranked the fifteenth cryptocurrency by market cap because it marks its tenth-year milestone within the crypto house. LTC holders typically don’t see the tenth anniversary to be value celebrating as their beloved crypto-asset will get dominated by Bitcoin BTC and underperform in comparison with different altcoins.
Litecoin LTCBTC Month-to-month Chart
The LTCBTC chart above highlights a bearish development with the Bitcoin holders seeing extra good points in comparison with LTC holders.
All makes an attempt by LTC bulls towards the BTC are to no avail as the worth fails to shut above a major resistance, even with a consecutive bullish divergence in June and October ’21. We’ll have to see a value break above 0.007220 for confidence in a common value restoration for the LTCBTC.
Nonetheless, the LTCUSDT remains to be promising with bullish restoration alerts from the upper timeframe, all the way in which right down to the intraday charts. Learn on as we uncover the numerous chart patterns and value ranges driving the LTCUSDT crypto pair.
Litecoin LTCUSDT Weekly Chart
The Litecoin value maintains a bullish outlook even after the market-wide value plunge on 10 Could ’21, because the relative energy index commerce above level-25 since 27 July ’20.
A latest bear-trap candlestick sample on 27 September ’21 brings hope to LTC holders who’ve seen stunted returns and restoration in comparison with BTC and different ALT cash.
Litecoin LTCBTC Each day Chart
The 28 September bullish divergence on the each day chart above helps the bear-trap candlestick sample on the weekly timeframe, forcing the LTC value into an upbeat trajectory as previous resistance [$187.00] of 24 September are actually switched into assist.
Bullish momentum at press time pressured the LTC value above the 07 October excessive [$187.0] with a projected goal at $240.00.
Litecoin LTCUSDT 4 Hr Chart
The common bullish divergence assist on 12 October ’21 08:00 mounted the LTC assist degree at $166.30 and superior additional to interrupt the 14 October ’21 00:00 bearish divergence resistance, and flipping it into a brand new assist degree.
Though the RSI confirms a brand new uptrend at press time, the RSI values may drop beneath level-75, forcing a correction of the LTC trade fee. The upward development ought to persist so long as the RSI doesn’t drop beneath level-25.
Litecoin LTC Intraday Ranges
- Spot fee: 189.0
- Mid–Time period Pattern [H4]: Robust Bullish
- Volatility: Excessive
- Help: $166.30 and $180.90
- Resistance: $193.00
