The digital coin opened at a high of $46.88, reached a low of $42.40 before closing down at a value of $43.18. The volume of LTC traded during the day accounted $1.3 billion.
During the last 24 hours, the pair LTC/BTC has been trending at four exchanges. The pair has been leading at OKEx sweeping a volume of $74.14 million, priced at $43.71. This was followed by Coineal, where the volume traded was registered at $62.04 million, valued at $43.72. The pair was trending third at Dobi Exchange with a volume of $61.93 million at $43.73. Additionally, LTC/BTC reposed at DigiFinex with a volume of $55.19 million at $43.75.
At the time of writing, LTC had been trending at a market cap of $1.3 billion, priced at $43.39. The volume of the digital coin being traded during the past 24 hours stood at $1.16 billion, with a slump of 2.16%.
1-hour:
LTC exhibited an upward trend from $33.42 to $43.04 and a downtrend from $46.48 breaking the resistance, then falling to $43.36 in the hourly chart. The resistance is marked at $43.95 and the support at $42.10.
Bollinger Bands: The converging BB suggests low volatility in the price momentum for the coin.
Awesome Oscillator: The lines turning red in AO indicator predicts a possible bearish pattern for the coin.
Chaikin Money Flow: The CMF graph is above the zero-line indicating the coin’s valuation entering a bullish zone.
1-day:
LTC showed an uptrend from $55.94 to $33.13 and a downtrend from $46.49 to $32.16. The resistance for the one-day chart has been recorded at $49.31 and that of support at $30.60.
Parabolic SAR: The dotted lines aligned below the candles predicts a bullish pattern for the coin’s valuation.
MACD indicator: The MACD line is above the signal line, further suggesting LTC following a bullish trend.
Klinger Oscillator: The KO indicator suggests a potential bearish cross-over.
Conclusion:
The AO in the hourly chart and KO in the one-day chart predicts the coin steering itself toward the bear zone, however, the CMF, Parabolic SAR and MACD indicator sides with the bull.
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