LTC Price Drops 7% Amid Key Support Test | Airdrop Alert Pro

The price of Litecoin (LTC) has fallen 7 % in the past 24 hours, and its market value has reached $ 9.33 billion. Despite the decline, technical indicators show different signals. this RSI Located in a neutral region, and iChimoku Cloud implies the uncertainty of Altcoin’s next step.

Litecoin’s EMA structure is overall, but the shortest EMA is tilting downward. If the trend continues, this may lead to death cross. Because LTC is at a critical point, breakthroughs may see it increased by 14 % to $ 141, and further weaknesses can reduce it to 14 % to $ 106.

Litecoin RSI is currently neutral

Litecoin RSI is currently 49.5, a decrease of 69.6 two days ago. This shows that the amount of momentum has changed, because the price in the last 24 hours has fallen by 7 % The latest active development of its ETF applicationEssence

Relative strength index (RSI) is a momentum indicator that measures the price strength at a scale of 0 to 100. The level higher than 70 indicates that the conditions are too high and lower than 30, indicating that there are selling conditions.

Reading between 40 and 60 usually marks the signal of market integration, where the buyers and sellers do not have clear control.

and LTC Now, it is located in 49.5 RSI, which is located in the neutral area, indicating that it is neither a tide and loser.

However, the sharp decline in the level of close -up observation indicates weakening purchase pressure. If the RSI trend is reduced by 40, this may lead to further decline.

If it moves stable or backward by 50 or more, it may marked the renewal purchase interest and potential price recycling.

LTC iChimoku cloud shows a hybrid signal

LTC price At present, it has not exceeded Tenkan-Sen (conversion line), which is now tilting downward, which indicates that the short-term trend is weak. Kijun-Sen (baseline) is relatively flat, indicating that the test price is balanced, and it may soon develop a stronger directional movement.

The price is close to Kumo (cloud), which is an important area for confirmation of trends. Keeping above above shows the driving force for continuous bullishness, and breaking below it may indicate that the weakness increases.

The front cloud (Kumo) is green, which indicates that a wider trend is still positive, but the current price transfer signal near the edge of the cloud is uncertain. if Litecoin price Find support near the cloud, this is $ 120 aND $ 126, it can stabilize and try to restore strength.

However, if it moves to the cloud to or below, it indicates that the amount of momentum loss and the potential trend reversal. The reason why this happened was because the price movements inside Komo usually represent mergers or hesitation.

LTC price prediction: 14 % uplink or downward space?

Litecoin’s EMA cable is still bullish, and the short -term EMA is still above the long -term. However, the shortest EMA began to tilt down, indicating weak momentum.

If it over the long -term EMA, it will form a death cross, which is a drop signal, which may lead to further disadvantages. in this case, LTC price It can be tested at $ 117.

if This level cannot be held, and the price may be extended to $ 111 or even $ 106, which marks the potential of the current level by 14 %.

On the other hand, RSI and iChimoku Cloud indicates that the overall bullish structure is still intact, which means Litecoin It can still restore its motivation.

If the purchase pressure is increased and EMA keeps its bullish positioning, the LTC may climb to the resistance level of $ 129. The successful breakthrough of this level may increase the price to $ 141, and if the momentum is enhanced, it may increase by 14 %.