The price of Litecoin has been accumulating bullish momentum in the short term as metrics indicated mixed signals.
has been hovering in between two support levels since the 6th of June. The price then plummeted by 11% to the $71 support level, where it retested and reversed.has Litecoin at $74.05, which is a 1.81% increase in the last 24 hours and a 5.86% drop in the last seven days.
The moving average divergence convergence showed a number of bearish histograms. Unlike the stochastic RSI, the MACD indicates a bearish signal.AMBCrypto analysis of the Santiment’s data indicated a fascinating interplay between active addresses and circulation. The Active Addresses had several spikes, while the Circulation showed periodic spikes.
This decline in MRVT suggested a potential cool-down in long-term holder sentiment. The bearish signal could lead to further price pressure on Litecoin.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Litecoin stays under $80: What’s stopping LTC’s rise?LTC stays bearish as all indicators show an absence of bulls. What's preventing Litecoin's price from rising?
Read more »
Litecoin price prediction: How miners might trigger a LTC dropThe actions of Litecoin [LTC] miners typically affect the cryptocurrency's price. And in this piece AMBCrypto will disclose the recent
Read more »
Big Reshuffle of $71 Billion ETF Looms as Nvidia Surpasses AppleOne of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. at the expense of Apple Inc. – spurring billions of dollars in trading volume in one fell swoop.
Read more »
Big Reshuffle of $71 Billion ETF Looms as Nvidia Surpasses Apple(Bloomberg) -- One of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. at the...
Read more »
Litecoin leads Cardano 12x on THIS front – What’s happening?Cardano's [ADA] market cap might be higher than Litecoin's [LTC] by almost $10 billion. But when it comes to network activity, the former
Read more »
Assessing the odds of Litecoin’s price falling to $70 on the chartsLitecoin (LTC), at press time, was testing the support at the bottom of a triangle pattern, raising concerns about a potential drop...
Read more »