Цена на литекоин analysis for today indicated the market is in a bearish trend as the prices look to decline even further. The Litecoin market has been on a downward trend for the past few days as the prices have plunged to $61.18 after a bearish streak. The prices have sought support at $60, but the bears are in control of the market and they are pushing the prices down. The Litecoin Prices have declined by 6.53 percent and this has been a very bearish market trend. The market is expected to continue its downward trend in the near future as the bearish momentum is strong. Litecoin prices are expected to find support at $60 in the short term.
The next few days are critical for the Litecoin market as the prices could either continue their downward trend or stage a recovery. If the prices continue to decline, then Litecoin could test the $58 level in the near future. On the other hand, if the prices stage a comeback, then Litecoin could retest the $63 level. The market is highly bearish at the moment and it is important to monitor the market closely in the next few days.
Анализа на цената на Litecoin на дневен графикон: Цените бараат поддршка од 60 долари
Litecoin price analysis indicates the prices have been trading between a range of $60.56 to $66.29 in the last 24 hours as the trading volume also decreases and it is currently totaling $540,903,370.41. The digital asset has had a market cap of $4,305,842,925.58, ranking position 20 overall while it dominates 0.36 percent of the overall cryptocurrency market. The market is currently facing some selling pressure as the prices have dipped below the $62 level.
The RSI is currently at 33.89 which indicates that the market is extremely oversold and this could be a buying opportunity for traders. The MACD has also given a bearish crossover as the prices look to decline even further in the near future.
The market volatility is currently low as the prices are not seeing any major price swings. The market is expected to see some volatile price action in the next few days as the prices could either continue their downward trend or stage a recovery. The Bollinger bands are seen to be narrow which is an indicator of low market volatility.
LTC/USD price action on a 4-hour price chart: Bearish trend looks to continue
LTC/USD price analysis on a 4-hour time frame shows that the prices have been trading in a downtrend as they have declined below the $63 level. The market is currently facing some selling pressure as the prices look to decline even further in the near future. The MACD is given a bearish crossover as the prices look to the decline in the near future. The RSI is currently at 36.76 which indicates that the market is extremely oversold and this could be a buying opportunity for traders.
The Bollinger bands are seen to be very narrow, indicating the market volatility is currently low. The market is expected to see some price swings in the near future as the prices could either continue their downward trend or stage a comeback.
Заклучок за анализа на цени на Litecoin
Анализата на цената на Litecoin покажува дека парот LTC/USD влезе во надолен тренд бидејќи цените се намалија под нивото од 62 долари. Се очекува пазарот да забележи поголем притисок за продажба пред цените да најдат некаква поддршка. Мечките ги контролираат цените и се очекува во блиска иднина да ги спуштат цените.
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Извор: https://www.cryptopolitan.com/litecoin-price-analysis-2022-06-07/