Litecoin price analysis is bearish. Litecoin’s price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.
The daily chart shows that the Litecoin price is trading below the $85.58 resistance level. The 50-day moving average has crossed below the 200-day moving average, a bearish signal. Prices are also trading below the descending triangle pattern, another bearish sign.
The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.
LTC prices are currently testing support at $85.40, and a break below this level could see prices decline towards $80.00 in the short term. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside. Overall, Litecoin prices are bearish in the short term, and a break below $85.40 could see prices decline to $80.00.
Litecoin price analysis on the daily chart: Bears mount pressure as LTC prices plummet
Litecoin price analysis on a daily timeframe is bearish as the cryptocurrency tests support at $85.40. The Litecoin price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.
LTC/USD 1-day price chart, source: TradingView
The daily chart shows that the Litecoin price is trading below the $85.58 resistance level. The 50-day moving average has crossed below the 200-day moving average, a bearish signal. Prices are also trading below the descending triangle pattern, another bearish sign.
Litecoin price analysis on 4-hour chart: LTC/USD pair at risk of further losses
Litecoin price analysis on a 4-hour timeframe is bearish as the cryptocurrency tests support at $85.40. The Litecoin price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.
LTC/USD 4-hour price chart, source: TradingView
Litecoin price analysis is bearish as the cryptocurrency tests support at $85.40. The Litecoin price is testing support at $85.40 and looks poised for a breakout to the downside. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.
LTC prices are currently testing support at $85.40, and a break below this level could see prices decline towards $80.00 in the short term. The MACD indicator shows bearish momentum, and the RSI indicator is also heading lower. Prices are likely to test support at $85.40 before a breakout to the downside.
Litecoin price analysis conclusion
In conclusion, Litecoin price analysis shows that the LTC/USD pair is likely to continue its downtrend in the near term as bearish pressure mounts on the market. The next support level for LTC prices is likely to be $80.0 if the bears continue to exert pressure on the market. However, if the bulls manage to push prices above $85.58, Litecoin prices could resume the uptrend.
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Source: https://www.cryptopolitan.com/litecoin-price-analysis-2022-05-10/