litecoin [LTC] Price Analysis: Contrasting Signals for the Long Term Care Market as Coins Fight Against Volatility

The fourth largest cryptocurrency in the world in terms of market capitalization on CoinMarketCap, Litecoin [LTC] climbed moderately at the beginning of the day.

The money altcoin opened at $ 41.88 and peaking at $ 42.55, a day in which the coin price also dropped to $ 41.27.

At the time of writing this article, the market capitalization of the coin was $ 2.58 billion, a 24-hour growth of 2.71%. At a price of $ 42.66, the total volume of long – term contracts traded on the entire market was approximately $ 932.14 million.

The three main LTC pairs tend to Coineal, ZB.COM and OKEx respectively. LTC / BTC at Coineal is leading with a trading volume of $ 56.70 million and its cost price at $ 42.69. The second position is occupied by LTC / USDT at ZB.COM with a volume of 45.01 million dollars to 44.13 dollars.

1 hour:

Source: TradingView

In the hourly chart, LTC showed an upward trend of $ 40.97 to $ 41.76 and a downward trend of $ 43.97 to $ 41.19. Immediate resistance is noted at $ 46.42 and support at $ 37.68.

Parabolic SAR: The dotted markers are all oriented under the candlesticks, indicating that LTC's price momentum has a bullish feature.

MACD: The MACD line above the signal line also marks a potential uptrend for the coin.

Great Oscillator: The AO indicator in the hourly chart suggests a downtrend with the lines turning red.

One day:

Source: TradingView

An uptrend of $ 33.12 to $ 42.09 and a strong downward trend of $ 55.84 to $ 38.95 were recorded for the chart one day of the coin. Immediate resistance is marked at $ 46.42 and the point of support at 37.68.

Bollinger Groups: The major expansion of the bands suggests a high price volatility of the altcoin on the market.

Chaikin money flow: The CMF chart moves above the zero line, suggesting that bulls have launched a flow of capital into the market.

Klinger Oscillator: The reading line goes below the signal line, indicating that the price of the coin is trending downward.

Conclusion

The indicators CMF, Parabolic SAR and MACD give the advantage to the bull. On the other hand, the KO and AO indicate that the coin follows a downward trend supplemented by a degree of fluctuation.