Litecoin Technical Analysis: LTC Crosses The $300 Psychological Level

Daily Litecoin LTC Price Analysis

Last Updated July 23rd 2021
1 Min Read
  • Litecoin price has a strong resistance barrier at the $315 level.
  • The RSI is on the verge of entering the overbought zone.
  • Between April 26 and May 4, the Litecoin price jumped from $225 to $312, gaining more than $85 in its overall valuation. During this upward surge, LTC managed to flip the 20-day SMA from resistance to support. 

    Litecoin Price On The Verge Of Getting Overbought

    The Litecoin price reached an intraday high of $325 before retreating to $312, and losing $13. The parabolic SAR has reversed from negative to positive. The relative strength index (RSI) is on the verge of entering the overbought zone, so further growth could be difficult.

    Image: LTC/USD daily

    ltc/usd daily chart 050521

    Looking at the IOMAP, the $315 resistance barrier is pretty solid. Around 35,000 addresses had purchased a little more than 215,000 LTC tokens here.

    Image: IntoTheBlock

    ltc/usd volume chart 050521

    Litecoin Price Is Expected To Reach These Levels

    Having crossed the $305 level, the Litecoin price will now need to cross the $315 line to carry this upward momentum.

Top Brokers in
    All Regulated Brokers
    67% of retail clients lose money when trading CFDs with this provider.