- Litecoin oscillates approximately $ 91 after jumping more than 11%.
- The LTC daily trading volume jumped more than 55%.
With the neutral feeling in the cryptography market, the assets display mixed signals. The largest asset, Bitcoin, is held at $ 96.5,000, while Ethereum is negotiated at $ 1.8,000. Meanwhile, Litecoin (LTC) leads the winners 24 hours a day with a daily overvoltage of 11.32%.
The asset opened the day trade At a hollow of $ 81.18, before the appearance of the Bulls. Later, the Bulls Litecoin sent the price to a summit of $ 93.18. At the time of writing the editorial staff, the asset exchanged about $ 91.69, with a market capitalization of $ 6.94 billion.
In addition, the market experienced a liquidation of $ 2.15 million in Litecoin, according to Coinglass data. In addition, the daily commercial volume of LTC reached $ 861 million.
Can bulls keep Litecoin control?
If the Litecoin trading window has room for further on, the asset could find its crucial resistance at $ 95.72. By cleaning this, the LTC could invite the golden cross to form and target the resistance of $ 100, looking at more gains.
However, a robust reversal of the upward trend triggers the death cross, allowing Litecoin to test the support of $ 87.22. Assuming that the support collapses, the price of Litecoin could fall back to the $ 80 mark, with the potential of more inconvenience.
The line of divergence of Mobile Average Convergence (MacD) is above the zero line, and the signal line is below, indicating a brief upholstery. This crossing of the asset is considered an early sign of an upward trend or the continuation of the bullish feeling.
In addition, the Chaikin monetary flow indicator (CMF) parked at 0.03 suggests a slight positive purchase pressure on the market, and the capital flows into the assets. Meanwhile, Litecoin's daily trading volume jumped 55.38%.
Litecoin's Daily Daily Daily Index (RSI) of 64.28 Haussiers signals momentumApproaching the threshold of Surachat, which makes more movement up if the momentum is held. Reading Bull Bear Power (BBP) of 9.74 deduces the domination of bulls on the market.
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