- 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