LTC/USD Trade Strives for Recovery

Litecoin Trade Struggles, Making Features – Feb 21
There was a signal to relatively end recent downward forces in LTC/USD trading operations as crypto-economic trading struggles to recover. The trading outlook to date has witnessed high and low value lines of $114 and $110, maintaining a positive percentage of 1.78.

Trade strives, making resources: LTC Trade
Key Levels:
Resistance Levels: $125, $135, $145
Support Levels: $100, $90, $80

LTC/USD – Daily Chart
The daily LTC/USD chart shows that economic trading is struggling to recover in a lower trading zone closer to the $100 support level. The 14-day SMA indicator is below the 50-day SMA indicator. The downtrend line has drawn between the SMAs to touch the points that show the downward path. Stochastic oscillators are in the oversold region with their lines closed.

Could there be a further rise in the level of LTC/USD market rises as cryptocurrency trading struggles to recover?

There could be progress in the assessment of the LTC/USD market as cryptocurrency trading struggles to recover. The horizontal line drawn at the $100 support level is to create a vision of knowing when there will be time for the price to rise. The market has apparently not finished making a reversal on purpose to retest a lower support point around the value line later on.

On the downside of technical analysis, LTC/USD short market takers currently have less strength to push the cryptocurrency’s price even if they have to stay in a consolidation move mode. Therefore, from now on, the exercise of new sell orders must be suspended for a while. Investors might also start to cultivate the idea of ​​buying into the dips of this crypto economy.

LTC/BTC price analysis

In comparison, Litecoin has remained relatively dormant in its efforts against Bitcoin. Currently, cryptocurrency pair trading struggles for recovery. The 50-day SMA indicator is above the 14-day SMA indicator. Bearish channels have drawn carefully to show that the cryptocurrency pair market still has a declining outlook setup. Stochastic oscillators are in the oversold region with their lines clogged to signify relatively the possibility of the base cryptocurrency holding lower for a period against its main cryptocurrency.

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