Litecoin Price Prediction: LTC/USD Market Attempts Downsizing at $170

Litecoin Market Attempts Downsizing – October13There has been a sign that the LTC/USD market attempts downsizing around the level of $170. As of writing, the crypto coin is trading around $169 at a minimal negative percentage rate of about 1.95. That gives an insight that the market may likely witness a degree of downs in the near time.Market Attempts Downsizing: LTC TradeKey Levels:Resistance levels: $190, $230, $270Support levels: $140, $120, $100LTC/USD – Daily ChartThe LTC/USD daily chart reveals that the crypto market attempts downsizing around the level at $170. The 14-day SMA trend line and the 50-day SMA trend line have conjoined around the current trading zone as the bullish trend line drew in a supportive manner closely beneath them. The Stochastic Oscillators have crossed the lines northbound against the range line at 80. And that indicates the potential that a price depression motion may take place in the near time. Buy Litecoin Now Could there be a fast return of an upward motion in the LTC/USD trading operations as the market attempts downsizing? Considering the readings of the Stochastic Oscillators, it now appears that the LTC/USD trading operations presently may not witness a fast return of an upward motion as the market attempts to downsize its valuation. The current trading outlook may have to decline slightly in a succession order to let bulls rebuild their support baseline at a low trading zone close around the level of $150 or $140 in an extension. Investors are to hold on or even add to their investment.On the downside, the LTC/USD market bears have now had the stage getting set to witness some falling forces beneath the market line of $200. A bigger-bearish candlestick needed to emerge against the SMAs at the conjoined trading zone to let the market have a definite downward direction. However, in the course of erratic volatility, the touching of price around lower lines may in no time cause the selling positions to get whipsawed. LTC/BTC Price Analysis In comparison, the LTC/BTC price analysis chart shows that the base crypto is overwhelmed by the counter crypto. The 14-day…

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