Litecoin is trading in the bearish zone in its 24-hour price analysis. Prices have seen bearish movements in the past 24 hours, dipping below the key support level of $89.18. Volatility has also been increasing in the market, with the RSI scoring 42.18 and the MACD line below the signal line. Traders and investors should be cautious when making their trading decisions.

The bearish trend, indicated by the descending triangle pattern, could push the price of Litecoin further lower towards the key support level of $88.76. If the bulls fail to regain possession of the market and the bearishness strengthens, the price could face further losses. On the other hand, positive news updates could bring in some upside potential in the coming days.

The 4-hour price analysis of Litecoin shows a price lower than $89.18, indicating a continuing bearish trend in the market. Both the upper and lower Bollinger bands show a range between $92.923 and $86.135. The technical indicators RSI and MACD also confirm the presence of bearishness in the market.

The 24-hour trading volume of Litecoin has decreased to $573 million, with a market cap of $6.4 billion. The strongest resistance is marked by the upper Bollinger band at $93.00, with the key support level being $88.76. For the near term, the price is predicted to remain in a rangebound movement between $89.18 and $89.15.

Overall, Litecoin price analysis shows that the bearish trend could increase in the near future and push the price further lower. Hence, one should be prudent and pay attention to news updates that could shift the market sentiment. Traders and investors are advised to adopt caution while making their trading decisions and monitor the market carefully to understand the future direction of Litecoin prices.



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