Rise in prices for litecoin witnesses – June 14
In the LTC / USD market, the price rises even if it does not break the lower range. After writing, the encryption records a positive 2.95 percent trade at $ 175.
Witness price increases: LTC Market
Resistance levels: $ 200, $ 250, $ 300
Support levels: $ 130, $ 1200, $ 110
LTC / USD – daily chart
In the LTC / USD daily chart, the cryptographic market activity is now in the price range of $ 200-150. The smaller SMA is slightly broken past the upper zone as a small candlestick is forming towards it from below to indicate some upward movement in the market. The 50-day SMA indicator still exceeds the 14-day SMA trend line. Stochastic oscillators have tried to cross the lines in favor of a 40-80 rise. This suggests that an upward movement is coming.
Could the current price increase break the $ 200 level resistance in the near future?
As the LTC / USD market witnesses a rise in prices in its trading, bulls now have every good opportunity to push north. However, the $ 200 resistance line can be tough to boost upward strength. From a technical point of view, the thrust seems to be maintained in far-reaching areas of the market.
The downward forces of the encryption initiative could still be achieved around an immediate resistance level of $ 200. Placing all the indicators at the aforementioned point has shown that there may still be some downward pressure in the price process that does not increase its movement at that point. If the bears are not able to keep their appearance more closely close to the assumed potential consolidation movement, the upward force may then conquer the market to gradually prolong the bear’s influence in the long run.
LTC / BTC price analysis
It now appears that Litecoin cannot take a position against Bitcoin. Therefore, there has been no concrete price increase, suggesting that the basic crypt will soon be pushing the trend combined with the flagship countertrade tool. The 50-day SMA indicator is below the 14-day SMA trend line when both point east. Stochastic oscillators have sunk into the oversold territories to cross the lines to the north just over region 20. This suggests that basic encryption appears to be preparing large to restore the rising weight battery to the opposite crypt in the near future.
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