Polkadot Price Upcoming Move As The Bears Emerge.
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Litecoin Price Analysis - Bulls Are Accumulating For A Pump Over $250 Anytime.
2021-11-21 | Mike Hallen
7-Day Litecoin Price Chart - Source: CoinMarketCap
The Bollinger bands do not exhibit any substantial change, indicating that the volatility is nearly constant. The bottom band, on the other hand, shows some convergence, extending the support level for LTC to $175 and displaying resistance for LTC at $228.8. The indicator's mean average is visible at this moment, and the price is trading below the mean average. The relative strength index (RSI) is trading at index 50, right in the middle of the neutral zone. The RSI trending curve is slightly upwards, and the indicator offers plenty of potential for more purchasing activity as well as the same area for bearish activity. Litecoin Price Recent Price Changes The 4-hour Litecoin (LTC) price analysis reveals that the price has been growing from the start of today's session, but there has lately been some bearish resistance, although the price oscillation was not quick, neither was it sluggish. On the 4-hour chart, volatility is somewhat strong, with the upper Bollinger band representing resistance at $236 and the lower band representing support at $210. If the reversal persists, the indicator's mean average of $218 indicates initial lining support for LTC. Conclusion The crypto pair is overall positive, according to the Litecoin price analysis, and the price is trending upwards. However, as the latest candlestick is red on the 4-hour chart, there is some selling pressure building up, and the RSI also signals a slowing in the purchasing. On the other hand, as the technical indications imply, the momentum is to the higher, and bulls may yet push through to the $230 level if they gain enough support.
