2021-08-20 10:09:53

Litecoin Price Analysis: LTC/USD positioning itself towards the 200-day SMA at $192

TL;DR Breakdown Litecoin price analysis is bullish on the 24-hour chart The main target for Litecoin bulls is the 200-day SMA at $192. Litecoin Price Analysis: General price overview Litecoin price analysis is bullish on the 24-hour chart, with the altcoin trading higher than 3 of its key support zones. Testing more upward barriers is set to break any hurdles and build more momentum for a more vigorous climb.  The altcoin’s price is performing great on the general cryptocurrency market after we also noted a 5.57 percentage daily increase. Other coins in the market are also performing well, and the majority of them posted record gains in the last 24 hours. Bitcoin and Ethereum increased by 5.4 and 7.6 percent, respectively. Cardano is the highest gainer, followed by Dogecoin.  LTC/USD 24-hour chart: Accumulation before the rise? The main target for Litecoin bulls is the 200-day SMA at $192. Meanwhile, Litecoin price action is hugely restricted by a bearish momentum divergence on the daily 24-hour time frames.  But if the bulls can overcome July’s bearish trendline and correct the daily RSI into the overbought region, the coin still has a chance to cross the 200 SMA. Therefore enabling the bulls to hit their target.  Litecoin price analysis on the 24-hour chart indicates the coin has been trading between a moderate daily range of $174 – $178.  LTC/USD 4-hour chart: LTC primed for further upsi...

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