In the longer time frame, the LTC candlesticks are experiencing a steep downtrend of $55.8 to $33 wherein the support level is currently set at $22.8. There is no possibility of a trend breakout as of now as the price concentration is not visible.
The Bollinger Bands are diverging to form a broader spectrum for Litecoin prices to fluctuate. A higher volatility in the price trend can be expected.
The RSI indicates a tremendous increase in buying pressure over the selling pressure due to the recent price uptrend.
The MACD is also bullish on the token as the reading line has just made a crossover by the signal. Therefore, the positive stance of the indicator is confirmed.
The Bollinger Bands are diverging to form a broader spectrum for Litecoin prices to fluctuate. A higher volatility in the price trend can be expected.
The RSI indicates a tremendous increase in buying pressure over the selling pressure due to the recent price uptrend.
The MACD is also bullish on the token as the reading line has just made a crossover by the signal. Therefore, the positive stance of the indicator is confirmed.