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LTC Technical Analysis: Bulls and bears at an impasse as some short-term joy beckons

The cryptocurrency and the Litecoin [LTC] market has recovered somewhat from the bear attack that hit the market between January 9th-10th and the last weekend. Litecoin has in fact, registered a steady growth rate of 1.31% over the past 24 hours.

At the time of press, LTC remains seventh on the list of the world’s largest cryptocurrencies with a market cap of $1.916 billion. It had a 24-hour trading volume of $662 million, with the exchange contributing a good 8.96% of the volume via the trading pair LTC/USDT. An LTC coin is presently valued at $31.95.


Source: TradingView

The one-hour chart for the LTC market suggests a gradual momentum to the uptrend that has extended from $30.03 to $30.68. However, it is yet to completely overhaul the losses accrued to the downtrend that existed from $33.23 to $30.65. Both the support point at $30.63 and resistance point at $32.04 hold firm for the time being.

The Parabolic SAR has its markers below the candlesticks, suggesting…

Read Full Story : AMBCrypto

2019-02-02 01:30:10

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