Litecoin (LTC) has encountered a persistent challenge in the last three months, not exceeding keys to $ 136. Despite the recent attempts to violate this barrier, Altcoin has struggled to maintain an increase up.
Although some people think that a breakthrough is imminent, a lack of support for investors suggests that the price can face new decreases.
Litecoin investors do not support
Long -term Litecoin holders (LTH) have not shown any substantial brute behavior recently, according to the average age indicator (MCA). The absence of a notable increase suggests a minimum accumulation, leaving the market stagnating. If the MCA indicator was to show a significant drop, this could point out that LTHs sell their assets, which would be a lower sign. However, as does not happen, Litecoin can avoid a net accident but has trouble attracting long -term investments.
Without a stronger conviction of LTHS, Litecoin can continue its lateral movement without a significant rally. This minimum accumulation of investors which generally dictates long -term trends makes Altcoin vulnerable to be stuck in the same range without significant progress. Until the LTHs no longer show any interest, substantial gains for Litecoin seem unlikely.
The global macro momentum for Litecoin is strongly influenced by the Chaikin silver flow indicator (CMF), which has struggled to stay above the zero line in the last two months. The absence of entries hampered Litecoin’s ability to rally suddenly. Although the CMF has shown certain signs of movement to the High recently, it has not yet pointed out a sustained increase, leaving Altcoin in a state of indecision.
Since the beginning of the year, the Litecoin price has remained relatively stable, the absence of high market entries contributing to its stagnation. The continuing struggle of the CMF to exceed zero reflects a broader hesitation on the market towards Litecoin. Although the recent increase gives a certain hope, if this momentum can be supported remains uncertain.
The LTC price faces a key barrier
Currently, Litecoin is negotiated at $ 129, reflecting an increase of 13% in the last 24 hours. This increase brought the Altcoin closer to the critical resistance of $ 136, which he had struggled to violate in the last three months. The current price movement suggests that Litecoin can try another rally, but the same factors that caused the previous failures remain.
If Litecoin fails to violate the resistance of $ 136, the price could fall to $ 117, with additional support at $ 105. A decrease below these levels would signal a continuation of the downward trend, keeping the Litecoin stuck below the resistance of the keys for an extended period.
If Litecoin is successfully breaking above the resistance of $ 136 and returns it in support, a major gathering could follow. The following target would be $ 147, just under the psychological price of $ 150. To achieve this objective would invalidate the lowering prospects and could put Litecoin on a path towards even higher prices.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
