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Vladislav Hryniv
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đŸ”„ ACcording to BeinCrypto: $LTC Bullish Signals Arise Litecoin’s price is looking at potential recovery, considering the altcoin has been reeling from the recent decline. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signal positive outcomes. RSI measures the speed and change of price movements, while MACD indicates trend direction and momentum strength through moving averages’ convergence or divergence. The former is on the verge of breaching past the neutral line at 50.0 to register a bullish development. MACD is also exhibiting rising bullishness at the moment, which could propel LTC towards recovery. Investors are also seemingly very optimistic about a recovery. Over the last 72 hours, the total volume of transactions on the chain has noted a surge for the first time in almost a year. Transactions amounting to $9.27 billion were recorded daily, a 168% rise from the average volume. This shows that interest is rising among LTC holders, which could support the expected recovery. Litecoin’s price is trading at $81 after bouncing back from the local support of $77 in the last few days. At the time of writing, the altcoin nearly flips the 38.2% Fibonacci Retracement of $115 to $57. Marked at $79, this support floor would provide LTC with a boost to breach $86. The Fib level of 50% coincides with this price, and reclaiming it as support would confirm a recovery rally.

đŸ”„ ACcording to BeinCrypto: $LTC Bullish Signals Arise

Litecoin’s price is looking at potential recovery, considering the altcoin has been reeling from the recent decline. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signal positive outcomes.

RSI measures the speed and change of price movements, while MACD indicates trend direction and momentum strength through moving averages’ convergence or divergence.

The former is on the verge of breaching past the neutral line at 50.0 to register a bullish development. MACD is also exhibiting rising bullishness at the moment, which could propel LTC towards recovery.

Investors are also seemingly very optimistic about a recovery. Over the last 72 hours, the total volume of transactions on the chain has noted a surge for the first time in almost a year.

Transactions amounting to $9.27 billion were recorded daily, a 168% rise from the average volume. This shows that interest is rising among LTC holders, which could support the expected recovery.

Litecoin’s price is trading at $81 after bouncing back from the local support of $77 in the last few days. At the time of writing, the altcoin nearly flips the 38.2% Fibonacci Retracement of $115 to $57. Marked at $79, this support floor would provide LTC with a boost to breach $86.

The Fib level of 50% coincides with this price, and reclaiming it as support would confirm a recovery rally.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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đŸ’„ According to NewsBTC: $BTC Price Faces Hurdles Bitcoin price started a recovery wave from the $62,750 support zone. BTC was able to climb above the $64,000 and $64,500 resistance levels. However, the price failed to clear the $65,500 resistance zone. A high was formed at $65,300 and the price started another decline. There was a move below the $64,500 level. The price tested the 50% Fib retracement level of the recovery wave from the $62,743 swing low to the $65,300 high. Bitcoin is now trading below $64,500 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance at $64,500 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $64,500 level or the trend line. The first major resistance could be $65,350 or $65,500. A clear move above the $65,500 resistance might send the price higher. The next resistance now sits at $66,200. If there is a clear move above the $66,200 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $67,000. The next major resistance is near the $67,400 zone. Any more gains might send Bitcoin toward the $68,800 resistance zone in the near term. If Bitcoin fails to rise above the $64,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $64,000 level. The first major support is $63,750 or the 61.8% Fib retracement level of the recovery wave from the $62,743 swing low to the $65,300 high. If there is a close below $63,750, the price could start to drop toward $62,750. Any more losses might send the price toward the $61,200 support zone in the near term.
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