|Market Cap||$4.00 billion|
|Circulating Supply||71 million|
|Total Supply||84 million|
|Vol (24H)||$615.5 million|
August trade was believed to be pretty bullish as the price was closer in achieving one of the important resistance above $70. Woefully, the asset faced rejection at $64 which was further fueled by the recent market movements compelling the price to mark monthly lows at $52.
However, an attempt to prevent extensive drain is going on and hence the LTC price is expected to maintain a notable price action ahead. Now when the monthly close is fast approaching, the asset may intensify its actions and movements. Therefore, by the end of August, the LTC price may reach the resistance at $73.
Additional Read: Litecoin Price Prediction
The start of the yearly trade was extremely bearish for the LTC price which also included a failed attempt of breaking above the descending consolidation. Further, multiple external factors drain the price extensively. Currently, the asset is trying to set up an ascending consolidation and may stand strong withstanding bearish pressure.
|Short-Term||Litecoin price is been challenged by the bears but the asset appears to be poised to regain the lost levels above $60 soon|
|Mid-Term||The asset appears slightly bearish as the bulls may have got exhausted but displaying possibilities of a revival|
|Long-Term||The volume and volatility have dropped notably and hence the LTC price may consolidate within narrow ranges|
|Indicator||Value (STF/HTF)||Action (STF/HTF)|
|Relative Strength Index(RSI)||49.78 / 37.33||Neutral / Sell|
|MACD||-0.89 / -17.37||Sell / Sell|
|Average Directional Index(ADX)||32.96 / 33.78||Sell / Sell|
|Ultimate Oscillator||60.25 / 52.39||Buy / Buy|
|Bull-Bear Power||-0.29 / -16.70||Sell / Sell|
|Moving Average||Short Term||Long Term|
Litecoin is in a transition phase where-in the bears may soon outpower the bulls. The technicals are also in the same transition phase as some are neutral, while some are bearish. However, Ultimate Oscillator is bullish which indicates an upcoming trend reversal towards the north. Moreover, RSI is neutral which means either the buying pressure or selling pressure could dominate.
While the long-term price forecast is extremely bearish, the Ultimate Oscillator is still bullish. Fortunately, the volatility is less and hence the price could continue steadily in the direction led by the volume induced.
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Litecoin is presently misty but displaying huge changes of a bearish trend to prevail, nullifying the interim bullish impacts.
The RSI for LTC in the short-term is 48.78 while in the long-term it is 37.33.
Litecoin has been away from huge price variations and maintained its own trend. Therefore, may be considered as a good investment option.