Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision.
LTC/USD dropped to a low of 86.83 earlier in today’s session, which comes 24 hours after trading at a high of 91.39.
Today’s drop in price has pushed litecoin to its weakest point since last Wednesday when the token was at a low of 84.21.
Looking at the chart, Monday’s move came as the relative strength index (RSI) fell to a support level of 44.00.
At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls.
Should this point be hit, there is a strong possibility that LTC will move back above the 90.00 mark.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision.
LTC/USD dropped to a low of 86.83 earlier in today’s session, which comes 24 hours after trading at a high of 91.39.
Today’s drop in price has pushed litecoin to its weakest point since last Wednesday when the token was at a low of 84.21.
Looking at the chart, Monday’s move came as the relative strength index (RSI) fell to a support level of 44.00.
At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls.
Should this point be hit, there is a strong possibility that LTC will move back above the 90.00 mark.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
