LTC USDT Litecoin Technical Analysis

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By Frans van Elst

Litecoin logo In this Litecoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for LTC-USDT. Litecoin (LTC) is a peer-to-peer cryptocurrency that was created as an alternative to Bitcoin. It was founded in 2011 by Charlie Lee and has since gained popularity for its faster transaction processing times and lower fees compared to Bitcoin. Litecoin’s blockchain technology allows for faster confirmation times and more scalability, making it a promising option for merchants and consumers alike.

Litecoin Price Overview:

As of May 13, 2024, Litecoin is trading at approximately 81.49 USDT. Let’s dive into the detailed price action for LTC-USDT:

Embrace a bullish sentiment for Litecoin (LTCUSDT) at 81.49 USDT with technical analysis highlighting strong support and positive indicators.

Metric Value
Open (O) 81.42
High (H) 82.61
Low (L) 78.95
Close (C) 81.49
Volume (C) 331,683.89
  • Open (O): The opening price for today’s trading session was approximately 81.42 USDT.
  • High (H): Litecoin reached a daily high of around 82.61 USDT.
  • Low (L): The daily low for LTC-USDT was approximately 78.95 USDT.
  • Close (C): At the time of analysis, Litecoin is trading near its daily close of 81.49 USDT.
Metric Value
1D Change (%) 0.10%
3D Change (%) 1.58%
7D Change (%) 0.87%
30D Change (%) 5.38%
90D Change (%) 18.15%
YTD Change (%) 11.89%

Over the past three days, LTCUSDT has increased by approximately 1.58%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.87%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LTCUSDT maintaining an upward trend of approximately 5.38%, despite intermittent fluctuations. Examining the last 90 days, LTCUSDT has witnessed substantial increase of approximately 18.15%, reflecting strong long-term confidence. Year-to-date, LTCUSDT has steadily appreciated by around 11.89%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Litecoin Live Chart:

You can access a live price chart for LTC-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.35811.
  • Momentum score is -0.04567.

LTC USDT Technical Analysis

Litecoin Trading Volume:

The trading volume for Litecoin (LTC) over the past 24 hours has been insignificant, with approximately 331,683.89 USDT traded against LTC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): LTC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Litecoin is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for LTC-USDT is currently in the neutral zone, around 47.6455. This suggests that Litecoin is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Litecoin (LTC-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Embrace a bullish sentiment for Litecoin (LTCUSDT) at 81.49 USDT with technical analysis highlighting strong support and positive indicators.

Unlock additional insights on LTC BTC Litecoin Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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