In the last week, LTC price has shown a positive trend. On 2nd February, the closing price was $141.98. In the past 24 hours, the LTC price is fluctuating between $133.01-$154.60. https://ift.tt/3atGLZZ Days Ahead for LTC Currently, LTC is trading at $154.30. The price is rallying. The A/D indicator is rising. This implies that accumulation is more than distribution. In short, buying pressures are more. Hence, we can expect the LTC price to rise further. The OBC indicator is also rising. This means buying volume is greater than selling volume. Thus, the LTC price is exhibiting an uptrend. Currently, the RSI is at 73%. The indicator has frequently crossed the 70% mark in the past few hours. This implies the crypto is ‘overbought’. Thus, buying pressures are more. Some price corrections are likely that will result in temporary price pullbacks. But, overall the trend looks bullish. Currently, the MACD and signal lines have high positive values. So the LTC price is moving upwards. Intermittent bullish and bearish crossovers by MACD line over the signal line indicate temporary price corrections. But, the LTC price uptrend will continue. Technical Indicators Depicts a Rally to $165 The Aroon indicator shows frequent bullish crossovers by the Aroon-up line (orange line) over the Aroon-down line. Moreover, the Aroon-up line is touching 100, and Aroon-down stays at or near zero frequently. Thus, the Aroon indicator is also confirming an uptrend. The Average Directional Index (ADI) is currently above 40. This implies that the price uptrend has enough directional strength. Thus, we can expect this bullish trend to continue at least for the next 48 hours. Currently, LTC is trading above the first Fibonacci pivot resistance level of $151.60. It is soon expected to break out of the second Fibonacci pivot resistance level of $156.56. With strong signs of bullish momentum given by all technical indicators, we can expect the price to breach the third Fibonacci pivot resistance level of $164.59 by the end of the day. The bull-run is expected to continue tomorrow too.
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