Litecoin (LTC) has had a fantastic last week. It went up by 17.34% which made it the cryptosphere’s star of the week except, of course, Bitcoin, which outperformed everybody else as usual. But that was last week; it hasn’t had a great day. The crypto coin is in the red at the tune of 1.30%, that’s not precisely great when you see how it has been doing for the last 14 days.
But Litecoin remains the fourth most crucial coin by market capitalization, so it always deserves attention. And it’s not doing badly at all; it’s just having a slowish day.
24-hour analysis
LTC is trading at USD 133.930 as we prepare this article. It’s in red after falling from USD 139 a day or so ago, so it’s recovering and not very quickly. That being said, things look very good.
The price is ready to go over the first daily resistance level. Most moving averages are signaling for buyers. The technical indicators are not that green. As a matter of fact, they are all red except for one.
So the market is natural for the next 24 hours. But the monthly is always more important, how can we judge it?
Monthly analysis
The 30-day analysis is always more relevant, and it looks great. It’s all green. The price is way beyond the pivot point, and even above the first resistance level, which is already broken.
Every moving average signals for the bulls as well as every technical indicator.
The Bollinger bands are getting wider as well. So the price’s volatility should increase in the next few hours, and that’s when you can make a buck by trading any given coin.
It’s something of a slow day for the cryptosphere. It’s quiet for LTC as well, but that won’t last long. Litecoin will start growing in value again, very soon. Later today, or as the week, so keep an eye out, so you don’t miss it.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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