The price of Litecoin (LTC) has decreased by 7 % in the past 24 hours, up to the ceiling of the market to $ 9.33 billion. Despite this decrease, technical indicators show mixed signals. The relative strength index sits in a neutral area, while Ichimoku Cloud suggests uncertainty about the next step for Altcoin.
The EMA structure for Litecoin is generally optimistic in general, but EMA is the short -term tilted down. If this trend continues, this may lead to the death of death. With LTC at a critical point, the penetration can see that it gets 14 % to 141 dollars, while the additional weakness can push it to a decrease of 14 % to $ 106.
Litecoin Rsi is currently neutral
Litecoin Rsi is currently at 49.5, a decrease from 69.6 just two days ago. This indicates a transformation in the momentum as the price has decreased by 7 % in the past 24 hours, even after the recent positive developments in its ETF applications.
The RSI is a momentum indicator that measures the price of the price on a scale from 0 to 100. It indicates levels of more than 70 to the appearance of excessive conditions, and under 30 excessive conditions.
Reading is usually between 40 and 60 indicates the standardization of the market, where buyers or sellers have no clear control.
With LTC now at 49.5 RSI, it sits in a neutral area, indicating that there is no strong or declining upward momentum.
However, the sharp decrease in levels close to the plural indicates poor purchase pressure. If RSI trends are about 40, this may lead to more declines.
If it settles or returns to above 50, it may indicate the renewal of the purchase and the potential price recovery.
Ltc Ichimoku Cloud displays mixed signals
The LTC price is currently moving down after its failure to stick to the Tenkan-Sen (the transfer line), which is now downward, indicating the weakening of a short-term direction. Kijun-Sen (the foundation line) is relatively flat, indicating that the price balance is tested, and a stronger directional step may develop soon.
The price approaches Kumo (Cloud), which is an important area to confirm the direction. Staying above it indicates the momentum of continuity, while the collapse below may indicate increased weakness.
The cloud (kumo) is green, indicating that the broader trend remains positive, but the current price movement is near the uncertainty in the edge of the cloud. if The price of Litecoin finds support near the cloud, which ranges between $ 120 aND $ 126, can settle and try to restore strength.
However, if you move to the cloud or down, this will indicate the loss of momentum and the reflection of the potential direction. This happens because the price procedure within Kumo usually represents monotheism or frequency.
LTC price prediction: 14 % increase or the downside?
Litecoin’s EMA lines remain up, as short -term EMAS still fall in the short term in the long term. However, the short -term EMA began to slope down, indicating poor momentum.
If you cross under the long term, it will form a cross for death, a hole that can lead to more negative side. In this case, LTC price may test support at $ 117.
if This level failed to keep it, the price can extend to a decrease to $ 111 or even 106 dollars, which is a potential decrease of 14 % of the current levels.
On the other hand, RSI and Ichimoku Cloud indicates that the total upward upward structure is still intact, which means that Litecoin still can recover its momentum.
If the purchase pressure increases and Emas maintains its upper location, LTC may climb to the resistance level of $ 129. A successful collapse above this level can lead to a rise in the price to $ 141, which represents a 14 % possible profit if the momentum strengthens.
Disintegration
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