LITECOIN Price Analysis: LTC Token Price Bullish Rally Keeps Gaining Strength

  • LTC Token price has increased more than 350% in the past month.
  • All the crucial Daily EMAs rise higher below the token price providing support to the bull run.
  • The pair of LTC/BTC is trading at 0.00002107 BTC with an intraday gain of +20.15%.

LTC coin price action shows a bullish engulfing pattern in the daily technical charts, indicating increased buying pressure. Nevertheless, the price is struggling to climb above $225 as opposition causes a Doji formation.

Increased buying pressure is evident by the intraday volume (285K), which is higher than the 20-days volume average (178K). The daily EMAs also rise in a bullish alignment, indicating a bullish rally.

The LTC Token price trades at $218.83, increasing +5.98% in market capitalization over the past day, suggesting that the price is in a bull run.

LITECOIN’s intraday trading volume has risen by 22% due to the increasing buying pressure.

LTC Token In The 4-hour Chart                    

LTC token prices show higher price rejection because it struggles to rise above $225. Investors may see the dip in price action as a profitable entry point with minimal risk and maximum reward.

According to price action, support levels for the token can be found at $200 and $165. Bulls could encounter resistance at $250 and $300 in the event price rises above the $225 mark.

In a bullish formation, the EMAs on the 4-hour technical charts rise higher with a positive slope which may help support prices during a bearish attack. Conversely, the chart’s volume drops indicate a bull run that may soon reverse.

The RSI indicator anticipates a flood in underlying bullish biases as to the slope of RSI spikes higher.

The ADX indicator proposes a rise in trend momentum.

Conclusion – The LTC token price soars above with the aid of the bullish exponential moving averages. Investors may encounter entry points near the dips on the 20-period EMA.

Support – $200 and $165

Resistance – $250 and $300

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