Home / Litecoin / litecoin [LTC/USD] Technical analysis: Cryptocurrency tries not to fall from the bull while the year comes to an end

litecoin [LTC/USD] Technical analysis: Cryptocurrency tries not to fall from the bull while the year comes to an end

The cryptocurrency market has driven roller coaster prices as the year draws to a close. The volatility of the market also comes on the heels of the waves of prices that have upset the taking of the bear on the cryptic. Popular cryptocurrencies like Bitcoin [BTC], XRP and Litecoin [LTC] it underwent excursions and dips, with the inconsistency also reflected on the respective positions on the cards.

1 day:

The graph of an hour for Litecoin shows a drastic upward trend and an almost equal downtrend that has lowered prices. The price increase brought the price from $ 30.21 to $ 36.15 while the collapse saw prices fall from $ 35.97 to $ 31.69. Support reached $ 28.65 while resistance was $ 36.21.

Bollinger's band shows a slight divergence with the Bollinger cloud which remains small. This is a sign of the prices that are established after a bear incident.

The MACD indicator points to the signal line and the MACD line rises together after a bullish crossover. The MACD histogram was a sporadic mix of bearish and bullish signals.

1 day:

Litecoin's one-day chart shows a decline in prices that has been constant over a long period, the trend has been upset recently due to the bullish rise. The downward trend saw prices drop from $ 51.89 to $ 23.31. The long-term support was $ 22.50.

The Chaikin money flow indicator kept steady below the zero line, giving Litecoin a bearish signal. This is also a sign of the flow of money that is higher than the money flowing in the market.

The relative strength index has increased to the overbought zone after remaining below the oversold zone. The peak coincides with the purchase pressure that is more than the selling pressure.

Conclusion:

Of the indicators mentioned above, the CMF took the bear part while the others voted for the realm of the bull.


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