LTCUSD Price | Litecoin Chart | IFCM
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LTCUSD Prices & Live Chart

LTCUSD Price Chart

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Leverage 1:100
Margin 1000
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Status: Closed Trading
Change:
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Technical Analysis

The LTCUSD technical analysis of the price chart on daily timeframe shows LTCUSD,Daily is rebounding toward the 200-period moving average MA(200) after hitting 9-week low eight days ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 88.09. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 81.39. After placing the order, the stop loss is to be moved to the next fractal low , following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Crypto -

LTCUSD is attempting a rebound as traders bet on LTC ETF approval. Will the LTCUSD price rebound continue?

Litecoin (LTC) rose almost 9% last week as traders anticipate a regulatory boost: the U.S. Securities and Exchange Commission is reviewing two bids for a spot Litecoin ETF. Couple of weeks ago Bloomberg analyst Seyffart estimated the chances for a Litecoin spot ETF being greenlighted this year stand at 90%. Polymarket traders assign an 83% chance to SEC approval of a LTC ETF this year. A green light to such a fund this year would open LTC exposure to investors betting on crypto through traditional brokerages. Expectations of a LTC ETF approval by SEC are bullish for LTCUSD price.

IndicatorSignal
RSI Neutral
MACD Buy
MA(200) Sell
Fractals Buy
Parabolic SAR Buy
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