Litecoin (LTC) has decreased by 5.6 % in the past 24 hours, leading to a decrease in the market cost to nearly 6.3 billion dollars with the condensation of sale pressure. The acute decrease pushed the main technical indicators to a alphabet, with momentum weakness.
RSI approaches excessive sales levels, while Ichimoku Cloud and EMA structures indicate a risk of continuing on the negative side. Unless LTC find support soon, its price may decrease before any meaningful recovery attempt begins.
Litecoin Rsi is approaching the sales lands with weakening momentum
Litecoin (RSI) has decreased sharply to 35.92, a decrease from 61.4 just one day ago, which reflects a rapid shift in the market momentum. RSI is a momentum that measures the speed and size of the recent price changes, which helps traders determine the possible conditions that are made or increased sale.
The values mentioned above 70 usually indicate that the original may be above the peak and may be due to a correction, while values that are less than 30 indicate that it may be excessive and may prepare for apostasy.
Readings are between 30 and 70 neutrals, indicating that the price procedure is more balanced or uniformity.
With RSI from Litecoin now hovering over the sales threshold, the indicator indicates the weakening of the bullish momentum and the high pressure pressure.
Although reading 35.92 does not confirm after a case of sale, it is dangerously close to the levels in which buyers may start searching for value opportunities. If the RSI decreases less than 30, it may indicate a possible bottom and a short -term bounce.
However, if the emotional feelings continue to build, the relative power indicator may remain pent -up – as it increases the risks of the downside before any meaningful recovery.
Litecoin’s decrease enhances with Ichimoku Cloud’s transformation into red
The Cloud of Litecoin currently offers a declining composition, with a much lower price of Red Cloud (Kumo), indicating a declining momentum.
The leading extension lines – Senkou Span A (Green) and Senkou SPAN B (Red) – are a red cloud forward, indicating that the declining trend may continue in the short term.
The thick red cloud usually reflects strong resistance over the current price levels, making the upward collapses more difficult unless the momentum is decisively turned.
In addition, via Tenkan-Sen (Line Line) below the Kijun-Sen (Red Line), confirming the declining bias.
This intersection enhances the short -term weakness, while the next cloud remains flat, indicating the lack of upward condemnation or expansion of volatility.
As the price candles continue to move down from the cloud, the chart shows a small mark on the reflection of the immediate direction.
Litecoin hovers near the main support, where EMA lines maintain a landing
Price Litecoin is currently hovering near the main support level at $ 83.11, with prices showing signs of momentum.
EMA structure is a declining, where short-term moving averages remain less than that long-term-which have been explained as a sign of continuing to drop.
If this support fails, LTC can slip towards lower levels, with $ 81.30 as the following negative goal.
However, the transformation of the momentum can lead to a recovery, especially if Litecoin regains higher ground and re -test the resistance at $ 89.31.
The clean interruption above this level may open the door for more gains about 90.97 dollars and possibly $ 94.17.
Currently, the market is at a technical crossroads, where both risks and opportunities depend on the support area of $ 83.11.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
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2025-06-18 01:30:00
