LTC Price Prediction – November 14
After peaking at $64.24 on November 6, the Litecoin price has plunged to a low of $59.24 as of today.
Resistance levels: $64, $66, $68
Support levels: $52, $50, $48
LTCUSD – Daily ChartAt the time of writing, LTC/USD has been trading down around -3.0% at its current price of $59.24; the coin is down slightly from its 24-hour highs of $61.01. While zooming out and looking at Litecoin’s price action for the past few day’s trading periods, it is clear of how much volatility it has been incurring, as it is now, the price is trading under the 9-day and 21-day moving averages and about to break below the lower trend line.
Moreover, from above, the nearest level of resistance lies at the $61 level as it contains the 9-day moving average. Above this, higher resistance lies at $63. If the buyers can climb above the $63 resistance, then further resistance may be found at $64, $66, and $68. Similarly, from below; the nearest levels of support are $57, below this; further support lies at $56 and 54.
In addition, if the sellers continue to push the price beneath the support level of $54, then, the $52, $50 and $48 support levels could be touched. At the moment, looking at the daily chart, the stochastic RSI is seen moving into the oversold zone, which may likely bring more bearish signals into the market.
Against Bitcoin, Litecoin price is moving down slowly below the 9-day moving average and targeting to cross below the 21-day moving average; For now, the bulls continue to dance to the tune of the bears and currently trading at the 6853 SAT level. At the moment, the buyers are still suffering a serious downtrend pressure from the sellers.
LTCBTC – Daily ChartHowever, if the price cross below the trend line of the channel, the nearest key support lie at 6670 SAT, but further support could be found at 6400 SAT and 6200 SAT in a subsequent move. Similarly, an upward movement above the channel is likely to find immediate resistance at 7088 SAT, If the bulls climb above this level, higher resistance lies at 7260 SAT and above. Meanwhile, the stochastic RSI is convincingly leaving the overbought zone and as it stands now, the bears are gaining control of the market.
Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
The post Litecoin Price Prediction: Within 5 Days, LTC/USD Dives Below $60 Price Level appeared first on InsideBitcoins.com.
Go to Source
TranslateEnglish▼XAfrikaans Albanian Amharic Arabic Armenian Azerbaijani Basque Belarusian Bengali Bosnian Bulgarian Catalan Cebuano Chichewa Chinese (Simplified) Chinese (Traditional) Corsican Croatian Czech Danish Dutch English Esperanto Estonian Filipino Finnish French Frisian Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hmong Hungarian Icelandic Igbo Indonesian Irish Italian Japanese Javanese Kannada Kazakh Khmer Korean Kurdish (Kurmanji) Kyrgyz Lao Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malay Malayalam Maltese Maori Marathi Mongolian Myanmar (Burmese) Nepali Norwegian Pashto Persian Polish Portuguese Punjabi Romanian Russian Samoan Scottish Gaelic Serbian Sesotho Shona Sindhi Sinhala Slovak Slovenian Somali Spanish Sudanese Swahili Swedish Tajik Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Xhosa Yiddish Yoruba Zulu
- Get Out of Credit Card Debt Like You Get Out of a Bad Relationship
- Can Coronavirus save Cryptocurrency from Mr. Market? — Market Mad House
- Some of the biggest industries are being affected by COVID-19
- Psychological Biases May Impact Your Financial Health
- Coronavirus Stock Market Crash: 4 Tips for Bargain Hunters