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The market is mostly bearish on the last day of the week, according to CoinMarketCap.
LTC/USD
The rate of Litecoin (LTC) has fallen by 5.15% over the last 24 hours.
On the hourly chart, the price LTC is far from the support and resistance levels. As most of the daily ATR has been passed, any sharp moves are unlikely to happen soon.
On the bigger time frame, neither bulls nor bears are dominating.
Denys SerhiichukThe volume keeps falling, which means ongoing sideways trading in the zone around $120 is the more likely scenario.
On the weekly chart, the situation is similar. If the candle closes around the current prices, traders are likely to witness consolidation in the range of $110-$120.
Litecoin is trading at $121.17 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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