Litecoin Price Analysis: LTC Price May Halt In Consolidation Zone

Litecoin bears and bulls are resting in the current market scenario- Litecoin Price is currently travelling in a supply zone with an overall loss of 2.26% in the intraday session.
- LTC indicators showcase a consolidated move with a hint of bearish momentum. Meanwhile, LTC/BTC pair is seeing a loss of 1.23%. Source:TradingviewLitecoin price is currently at $198.6 with an intraday loss of 2.52%. On the upward side LTC price will face major resistance at the value of $230, and on the downside, it can face a bounce back from $190. LTC is trading below 50 MA and above 100 MA. It has given a negative crossover on the 50 MA chart. After the negative crossover, Litecoin is under bear’s grip while making the investor lose 5.65% in three days. The LTC/BTC pair is currently stagnated with an intraday loss of 1.18% and currently showing some strength for recovery.Litecoin is currently ranked at 9 in the crypto-verse with a market capitalization of $16,681,918,847.The 24-hour trading volume of ($4,409,393,129) went down by 26.41%Technical Indicators Hints A Consolidated Momentum For LTC Price Source:Tradingview- Advertisement -Litecoin weekly chart shows negative momentum. While coming on to the shorter time frame of 4hrs, it has formed a supply zone. Litecoin price might reach $250 if it crosses the channel. If LTC breaks down below the channel, then one should wait for the price action to do its work.

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