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LTC Price Analysis: More than 40% returns offered by token within 24 hours.

ltc
  • LTC has been moving sidewards since August.
  • The hash rate is increasing for the token. Positive sign for LTC
  • The coin might show a serious hike in the coming time.
Tradingview

LTC rose by 16% suddenly on 13 September. Following a 1.67% gain on 12 September, LTC ended the day at 179.48. The last known price of this coin is 177.700. A mixed start for the day saw LTC fall to an early morning intraday low to $175.16 before making a move. Steering clear of the first support level at $175, LTC rallied to the Intraday high of $184. LTC has crossed the pivot point at $177 and would bring the resistance level 1 into play.

LTC has recently shown an intraday morning pattern of bullish engulfing and higher highs are continuing. 

It has the current trading volume(s) of 8,907,807,423 with a massive gain of 251.91% over the last 24 hours. LTC has a total address of 4,167,988 holders with the active address(es) of 337,605 in the last 24 hours. The circulating supply of tokens is   $11,852,134,066 USD. It has a circulating supply of 66,752,615 LTC coins and a max. supply of 84,000,000 LTC coins.

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of LTC where 20 DMA has been running below SMA-200 and also below SMA-50. We see the token with respect to SMA’s which are 20, 50 and 200. We see a sidewards pattern here where the bullish and bears are having a direct faceoff. Those who have long the token and sold it on 13 September, have gathered massive returns of 45%. The price of LTC on 12 September was $174 which later(on 14 September) shifted to $241. The trend line marked shows this sidewards shifting. The candles forming now are rising and their wicks are forming higher. 

Its top 10 and 20 holders have more than 15% but not more than 20% holdings and top 50 and 100 have more than 30% but less than 40% which makes the average supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 47.484 and marks the neutral action. MA-5, MA-10 and MA-20 show the sell action. Also MA-100 and MA-200 show the same sell action. However, the LTC at present is all set to buy.

The bull/bear power has the value of -3.7011 and shows the sell action. The high/low marks the sell action with the value of -0.0207.

The LTC-BTC pair is trailing at the level of 0.003946 and the loss of 0.64% was seen whereas the LTC-ETH pair is 0.05326 with the fall of 0.31% in the last 24 hours. The volume/market cap of the token is 0.7483 and its market dominance is 0.59%.

Conclusion: The days range for the coin is 170-240 and presently is at 178.500. The 24 hours high and low of the coin is 171.38 and 233.05 respectively.

The LTC ATH is 412.96 and ATL is 1.11. 

LTC ROI (approximate return on investment if purchased at the time of launch) is 3361%. The token at present is all set to buy and traded for intraday session. However this coin is a long term coin and one can gain massive returns if cold for longer.

Technical Instruments:

Pivot: 177.267

R-1: 178.184

R-2: 178.750

S-1: 176.350

S-2: 175.784

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour