• Litecoin token is now consolidating at the higher levels after a strong bullish rally on the monthly chart with a slight increase in volume action.
  • The crypto asset above the monthly chart is trading above all major 20, 50, 100 and 200 day moving averages, with a positive crossover of the short term moving averages across the major DMA lines.
  • The LTC / BTC pair is trading negatively at 0.004171 BTC with an intraday loss of -4.65%, and the ratio of LTC / ETH is CMP at 0.05592 ETH with a 24 hour change of -3, 01%.

Trade view

Litecoin Token is currently consolidating at the higher levels after observing an excellent or crucial buying action from lower levels. The crypto asset above the monthly chart is trading on a bullish note with positive activity above the major moving averages. In contrast, the coin is currently placed above all key moving averages of the 20, 50, 100 and 200 DMA lines, with slightly positive volume action.

The short term moving averages of the 20 and 50 DMA lines are heading towards 100 and 200 DMA for a positive crossover. Volume on the monthly chart is seeing a slight increase from lower levels, which is also jumping above its average line. Support on the lower side is at $ 189 and $ 158, while resistance on the higher side is at $ 240 and $ 295.

Litecoin token is facing a slight pullback from the higher side on the weekly chart

Trade view

Litecoin Token is facing a slight pullback from the higher side after a strong bullish rally on the weekly chart. The technical parameters forecast a slight decline in momentum in the short term and the volume is also falling. Litecoin is currently trading at $ 219 with an intraday dip of -2.97% and its volume to market cap ratio is 0.2655.

Relative Strength Index (NEUTRAL): Litecoin The token RSI is currently showing a sideways movement with a slightly bearish trend on the weekly chart. In contrast, after testing the overbought zone and the CMP, the RSI is moving down at 58.

Moving average convergence divergence (BEARISH): This currently indicates a bearish trend on the daily chart. The seller’s line (orange) overwhelms the buyer’s signal line (blue) with no sign of significant recovery.

Support levels: $ 189 and $ 158

Resistance Levels: $ 240 and $ 295.