Litecoin (LTC) has been trading in the overbought zone for the past 48 hours. Sellers have emerged to push prices lower. Litecoin is falling as it breaks below the 21-day line SMA.
A break below the moving averages will force the altcoin to fall to the $154 low. At the $154 support, the altcoin will resume its upward movement if the support holds. Otherwise, selling pressure will resume and the price will fall to the low of $146. The uptrend will resume if the current support holds.
ניתוח אינדיקטורים Litecoin
Despite the recent decline, the crypto price is above the moving averages, which indicates that altcoin is in the uptrend zone. The cryptocurrency is at level 67 of the Relative Strength Index for period 14, which means that the LTC price is approaching the overbought zone at level 70. The 21-day and 50-day SMAs are sloping downward, indicating a downtrend.
ניתוח טכני:
רמות התנגדות עיקריות - 500 דולר ו -540 דולר
רמות תמיכה עיקריות - 120 דולר ו -80 דולר
מה הצעד הבא עבור Litecoin?
Litecoin is in a downtrend. The altcoin has retraced to the low of $160 to resume consolidation below the recent high. Meanwhile, on August 9 uptrend, a retreating candle tested the 78.6% Fibonacci retracement level. This retracement suggests that the market will rise but reverse at the 1.272 Fibonacci extension level or the $177.42 level.
הצהרת אחריות. ניתוח ותחזית זו הם דעותיו האישיות של הכותב אינן המלצה לרכוש או למכור cryptocurrency ואין לראות בהן אישור על ידי CoinIdol. על הקוראים לבצע מחקר משלהם לפני שהם משקיעים כספים.
Source: https://coinidol.com/litecoin-overbought-region-170/
