Litecoin price is on the rise for today as the market recovered after a strong sell yesterday. LTC is currently trading at $ 139 on Coinbase.
Litecoin price analysis The overall crypto market has recovered from the bearish momentum seen earlier. Most altcoins are green. At first, Ethereum recorded a 5 percent gain to retest the $ 1,400 resistance. LTC / USD opened at $ 129.65 after reaching support at $ 120. It has since risen slightly and once again traded above the $ 135 support. Analysts believe Litecoin is on the rise in the short term as it needs to further track some of the loss earlier this week.
Artan oynakl?k goren LTC son 24 saat icinde 8,9 milyar dolarl?k bir hacimle 123,65 – 141,02 dolar aral?g?nda islem gordu. 120 dolarl?k destege dogru keskin bir dusus dalgas?, piyasada panik yaratt?. Bununla birlikte LTC/USD 121 dolarda zirve yapt? ve daha fazla yukselisin net bir sekilde reddedildigini gordu.
Litecoin has seen a rapid bounce after a strong bearish impulse recently. The cryptocurrency continues to struggle for more bullishness. The $ 150 level is critical Currently, LTC / USD may continue to retreat towards the $ 150 area. The $ 150 space is crucial as it has several critical technical levels around it. The 1- 61.8 Fibonacci retracement currently stands just below $ 149.19. 2- The 50 and 100 moving averages are $ 145.5 and $ 151.3 respectively. 3- A small resistance level around $ 153 has additional potential to keep Litecoin in place.
If the $ 150 resistance area is clearly rejected, Litecoin could offer a perfect opportunity for a short position. After that, the next target in the downside is seen around $ 100. The $ 100 price mark is crucial as it is both a psychologically significant number and the previous strong support. Additionally, while measuring the previous bearish impulse for Litecoin, the $ 100 area is also in line with the 50 percent Fibonacci extension level. The current failure of Litecoin to reach the $ 120 support should not be seen as a clear sign that the market is ready to continue its medium-term bullish momentum. Both a lower and a higher bottom were determined last week. Therefore, Litecoin may see a much longer comeback in the coming weeks.
