LTCUSD Price Analysis: Litecoin Eyeing A Breakout, Moving In Rising Channel Above EMA
LTCUSD is moving in a healthy uptrend channel with its lower line and the upper line already touched several times. As It is currently consolidating in a wider range it possible that LTUSD sees a breakout sooner or later.
LTCUSD Price Analysis: 1 Day Chart
LTCUSD confirmed above the 20 an 55-EMA and confirmed as support which is a good sign and can indicate a movement to the upside because we have support here and it will be hard to cross this support down. The RSI is consolidating in the middle that means that it can touch the overbought or oversold condition as this is normally the case after such a RSI-consolidation, this movement will confirm to the rising-channel trend.
Today we see some volatility in the intraday basis because of fed pumping money in the market this can continue
when we do not get bearish signs which will go in the opposite direction.
When LTCUSD confirms further to the upside in the rising channel we can expect it to visit higher levels at 48.5 and 50.
- TREND: Sideways
- FORMATION: Channel
- RSI: Moderate
- MACD: Bullish Confirmation
- PREVIOUS: 45.842
- OPEN: 45.900
- VOLUME: 20.099K
- DAY’S RANGE: 45.761 — 47.200
Thanks!
- Forward Industries Launches $4B Program to Boost Solana Holdings as Analyst Eyes $500 SOL
- Expert Identifies Bullish DOGE Flag as CleanCore Treasury Tops $160M With Fresh Purchase
- Breaking: Bitcoin Proxy Metaplanet Announces New US, Japan Subsidiaries As Stock Slumps
- Will Bitcoin Reclaim $120K as Options Bulls Target $125K Highs Post-FOMC?
- Sharps Technology Announce Plans to Stake Treasury in BONK, Analyst Projects Parabolic Rally
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
- Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?
- Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
