The market is mostly bearish on the last day of the week, according to CoinMarketCap.
LTC/USD
The rate of Litecoin (LTC) has fallen by 5.15% over the last 24 hours.
On the hourly chart, LTC’s price seems quite distant from both its support and resistance levels. Given that the majority of the daily Average True Range (ATR) has already transpired, significant price swings or sudden movements appear improbable in the near future.
On the bigger time frame, neither bulls nor bears are dominating.
It seems like the volume is consistently decreasing, suggesting a higher probability of sideways movement, or trading horizontally, in the vicinity of $120 as the future trend.
On a weekly basis, the pattern appears much the same. If the closing price remains near its current level, investors may observe a period of stabilization between roughly $110 and $120.
Litecoin is trading at $121.17 at press time.
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2025-01-19 18:11