Litecoin News Today Litecoin LTC Price Has Underperformed Since its Most Recent Recovery April 5th, 2020
Litecoin LTC price has mostly underperformed since the last rally to the upside
The coin is in a make or break position
The next breakout point could be the $50 level
Litecoin news today The LTC/USD trading pair has mostly underperformed since it managed to stage its recent recovery.
This recovery took the coin’s price from the lows it posted just a few weeks ago.
While the recent price crash was devastating for all traders, the LTC/USD pair has not recovered as well as other major crypto offerings in the market.
Meanwhile, the Litecoin price only succeeded in its attempt to test the $43 resistance area although this was attained with little success as prices have underperformed.
Litecoin Price Analysis Litecoin LTC Price is Above the 9 and 21 day Moving Averages
As of when this content was published the LTC/USD trading pair was changing hands at $40.37.
It is at this point that the intraday bulls could close but they will likely test some resistance at $41 before trading ends for the day.
The price of LTC is moving above the 9 and 21-day moving averages.
Both MAs could be a stepping stone for the digital asset to rally above the $50 area.
However, if the coin fails to break above the $45 area, we could see another breakdown under the support at $30.
In such a situation, it is up to the bulls to choose the exact direction that the price of the coin will take.
The question is will it move towards $50? Or will it move back to the $30 position? RSI can be seen moving horizontally at the 45-level.
This is a clear indication that presently, there is selling pressure and buying pressure at the same time.
Read the full topic at
https://smartereum.com/187321/litecoin-news-today-litecoin-ltc-price-has-underperformed-since-its-most-recent-recovery-april-5th-2020/
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The coin is in a make or break position
The next breakout point could be the $50 level
Litecoin news today The LTC/USD trading pair has mostly underperformed since it managed to stage its recent recovery.
This recovery took the coin’s price from the lows it posted just a few weeks ago.
While the recent price crash was devastating for all traders, the LTC/USD pair has not recovered as well as other major crypto offerings in the market.
Meanwhile, the Litecoin price only succeeded in its attempt to test the $43 resistance area although this was attained with little success as prices have underperformed.
Litecoin Price Analysis Litecoin LTC Price is Above the 9 and 21 day Moving Averages
As of when this content was published the LTC/USD trading pair was changing hands at $40.37.
It is at this point that the intraday bulls could close but they will likely test some resistance at $41 before trading ends for the day.
The price of LTC is moving above the 9 and 21-day moving averages.
Both MAs could be a stepping stone for the digital asset to rally above the $50 area.
However, if the coin fails to break above the $45 area, we could see another breakdown under the support at $30.
In such a situation, it is up to the bulls to choose the exact direction that the price of the coin will take.
The question is will it move towards $50? Or will it move back to the $30 position? RSI can be seen moving horizontally at the 45-level.
This is a clear indication that presently, there is selling pressure and buying pressure at the same time.
Read the full topic at
https://smartereum.com/187321/litecoin-news-today-litecoin-ltc-price-has-underperformed-since-its-most-recent-recovery-april-5th-2020/
Follow me on
Twitter: https://twitter.com/cryptoexpert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
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