[ad_1]
Since the market has seen constant changes in the main cryptocurrencies on December 7th, Litecoin [LTC]The standing position also continued to change. At the time of printing, LTC ranked ninth in the list of CoinMarketCap.
The currency maintained its position in the top-10 list and was valued at $ 25.52 at the time of printing. The currency recorded a market capitalization of $ 1 billion with a volume of 24 exchanges of $ 506 million. The currency has plummeted by 20.73% in the last seven days.
1 hour
Source: trading view
According to the chart of an LTC time, the currency has seen a downtrend from $ 31.38 to $ 22.77. There was a minimal uptrend seen from $ 23.09 to $ 25.38. The currency recorded resistance at $ 26.31, while strong support was offered at $ 22.77.
Bollinger bands they seem to be divergent from one another. The market appears bullish as the moving average line is under the candles.
Parabolic SAR marks a bullish market as the marking line appears to be under the candle.
Impressive oscillator, on the other hand, the points towards a bear market is gaining momentum.
1 day
Source: trading view
The one-day chart indicates a downtrend from $ 82.196 to $ 56.485 and drops further from $ 50.432 to $ 34.622. The currency recorded immediate resistance at $ 35.126, while after seeing this fall a new support was formed at $ 25.483.
Chaikin cash flow it is located under the 0 line, which marks a bearish market, with money flowing out of the market.
MACD line appears to be below the signal line immediately after a crossover that marks a bear market.
RSI indicates that the currency is in the oversold zone, making it a bearish market. However, the currency could go for a reversal of trend considering the previous trend.
Conclusion
According to most indicators like RSI, MACD and Awesome Oscillator, the market seems to be ruby. There is greater volatility in the market as indicated by the Bolliger bands.
Subscribe to the AMBCrypto newsletter
[ad_2]Source link
