litecoin [LTC/USD] Technical analysis: prices increase constantly as the bulls try to escape the sleeping bear


litecoin [LTC] it seems to be conducive to constant price increases, with the current price floating around $ 50.91. The token currently has a market capitalization of $ 3 billion, with a 24-hour trading volume of $ 363 million.

1 hour

Source: trading view

We see a downward trend going from $ 52.15 to $ 48.95, while a bullish trend can be seen after a very long time, ranging from $ 48.17 to $ 50.90. There was a huge price spike on October 31st and since then there has been steady growth.

The price broke the recent mistake that happened on October 29th. The current support was seen at $ 48.14, with resistance set at $ 51.64 and $ 52.15.

The Bollinger bands it seems that it is undergoing a compression, with the bands inclined towards the inside. Price candles are starting to fall below the exponential moving average [MA] after a short ride over the MA.

The Awesome Oscillator indicates short periods of green peaks followed by red peaks, indicating a pin in pressure from buyers to sellers.

The RSI the indicator has seen some points of overbought and is slowly declining towards the center, indicating that sellers are taking over slowly.

1 day

Source: trading view

Unlike the table of an hour, the downtrend here is significant, going from $ 117.43 to $ 51.13, while no upward trend seems to be in sight. There is, however, a recent support training for $ 48.44. The resistance is set at $ 67.75 and $ 88.99.

The Parabolic SAR the markers are seen hovering above the candles from 2 October and are converging towards it, but a general downward trend can be seen.

Chaikin cash flow it's everywhere. It is slowly rising above the axis, indicating that money is flowing into the market and that the pressure of buying is increasing.

The Stochastic the line has crossed the signal line and is popping up, indicating a bullish move.


The diagram of an hour indicates a general bearish move with the Bollinger bands having a rather neutral position. The one-day chart seems bearish in the general picture, with the exception of the stochastic indicator.

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