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Litecoin Analysis: Price Rebound Over $186 Soon.
2021-10-18 | Eddy Morgan
LTC/USD Price Chart - Source: TradingView
A price gain has been identified in the four-hour Litecoin price study, indicating bullish activity. After regaining positive momentum, the price levels have already reached $186.3. For the last few hours, there had been a downward trend, but the bulls were able to reclaim control. Because of the recent decrease, the price is still below the moving average level of $187.61. At the time of writing, the Bollinger bands average is $185.31. The upper Bollinger band is currently at $192.5, while the lower Bollinger band is currently at $178.13. The RSI score is 54.77, which is regarded to be very neutral. Nonetheless, the bulls have managed to hold the price around $186 for the time being. In general, the coin value has increased significantly during the previous two weeks. This is why the technical indicators chart for LTC/USD has 14 indications on the purchasing side, eight indicators on the neutral side, and just four indicators on the selling side, indicating a positive trend.
