Speedy shot

• LTC is currently trading for USD 117.70 (-2.31% in 24 hours) • RSI Litecoin is located on a neutral territory at 52.19 after the last break • Sale of payment receipt drives LTC in the second position on the Coingate Platform platform

What drives the Litecoin price today?

Litecoin entered the consolidation phase after an impressive 11% weekly growth, which exceeded the LTC price to USD 124.90 on August 10. The last withdrawal reflects the natural profit after the turn of Litecoin from a three -year pattern of consolidation, which caused a significant rush at the beginning of this week.

The main catalyst of the recent Litecoin force results from his growing party in the payment sector. The latest Coingate data shows that Litecoin has won the second position among cryptocurrencies used for payment, which means a significant milestone for real usability. This development coincided with the escalate in LTC prices by 10.85% in one day of August 9, which shows how adoption indicators directly affect market moods.

Litecoin market capitalization has reached $ 9.54 billion further confirms the enduring trust of investors, with an escalate of 3.7% in relation to the American dollar reflects wider institutional interest. The expectation of the upcoming Litecoin event by half is still provided by fundamental support, although LTC’s direct price action suggests that traders set carefully after a recent rally.

LTC technical analysis: mixed signals appear

Litecoin technical analysis reveals a sophisticated image after a recent breakthrough. The LTC RSI reading of 52.19 indicates a neutral rush, which suggests not carved or supraental conditions. This positioning allows movement in any direction, which makes decisive traders to monitor other indicators.

The MacD histogram shows the bear discrepancy at -0.7866, which indicates a weakness of the stubborn shoot despite the general positive MacD reading of 4.6035. This suggests that a recent rally can lose a couple in a brief period, although a wider trend remains intact.

Litecoin’s position in relation to the average movable paintings a stubborn image. The price of LTC currently trads above SMA 20 (117.40 USD), SMA 50 (USD 105.90) and SMA 200 (USD 98.16), which confirms the overall very powerful classification of stubborn trends. However, the price is below the brief -term SMA 7 (123.33 USD) and EMA 12 (USD 120.72), which indicates a recent weakness.

Bollinger band analysis shows LTC trade near the middle band for $ 117.40, with position %b 0.5098. This neutral positioning suggests that Litecoin takes place to move towards the upper band of USD 132.52 or lower bands for USD 102.29, depending on market moods.

Litecoin price levels: key support and resistance

Critical levels of Litecoin support are USD 103.16 for immediate support, with a stronger support of USD 82.39. The immediate level of support is strictly in line with Bollinger bands to a lower band of USD 102.29, creating a convergence zone that should ensure significant purchasing interest in the case of testing.

On the side of resistance, LTC faces immediate resistance of USD 134.19, which represents both a powerful level of resistance and is above the highest level of USD 124.90. The break above this level would probably direct a 52-week level 137.04 USD, which is a relatively tight range of shoot.

The current trade range from USD 121.80 to USD 116.55 from the last 24 hours set brief -term boundaries. Based on the spot market data, the average real range (ATR) of 7.47 USD suggests a typical daily variability, which indicates the potential of significant movements at these set levels.

The LTC/USDT pairing point in the amount of USD 118.68 is close to the current price, which suggests a critical decision zone for a brief -term direction. Traders should monitor the price campaign at this level of groundbreaking signals.

Should you buy LTC now? Risk prize analysis

For traders, the current LTC price is a measured possibility after recent consolidation. The neutral LTC RSI provides up space for upward movement, while powerful support in the amount of USD 103.16 offers a clear level of risk management about 12% below current prices.

Conservative investors may consider the averaging of costs in dollars to positions, using the withdrawal from recent ups while maintaining exposure to a long -term narrative by half. The payment trend provides fundamental support for lasting demand.

Dynamic traders should focus on the level of turnover of USD 118.68 for directional instructions. A break above 121.80 USD (latest high) with volume can signal a continuation of resistance 134.19 USD, offering a favorable risk ratio of about 1: 2.

Risk management remains the most crucial thing, taking into account the MacD histogram bears. Setting loss losses below USD 103.16 protects against a significant downside, while enabling participation in potential movement of increases towards Litecoin resistance levels.

Application

The current phase of Litecoin consolidation after an 11% rally is both an opportunity and caution for traders. Although the overall trend remains very powerful, and the acceptance of payments ensures fundamental support, mixed technical signals suggest that patience can be rewarded. LTC price in the next 24-48 hours around the level of turnover 118.68 USD will probably determine whether the last breakthrough will continue or requires further consolidation. Traders should monitor a resistance break of USD 121.80 for stubborn continuation signals, while respecting the support level of USD 103.16 for risk management.

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