Litecoin Stays Flat On Trend
Litecoin Stays Flat On Trend – LTC/USD trading at $92.002 at the time of the analysis and is declining at the rate of -0.98%.
Litecoin subsequently continues to move flat as part of the correction. The Crypto Market has drastic variations with sudden rises and dips past 2 days. Crypto market is a no show for vivid changes today. The uncertainty pertaining to the market may be due to lack of efficiency in decision making by sellers and buyers. The downfall is most probably due to the trendlines nearing the area of support and surpasses the uptrend. Litecoin Market has been influenced by bears and further moves towards area of support. Litecoin with flat trend influences other alt coins to test the support area.
LTC/USD Price Analysis And Forecast For August 7th 2019 – Flat trend.The pair is flat on trend at the rate of -1.00%. The moving averages at 92.701 indicates side trend with the struggle to stay away from bears. The MA CD’s at -0.925 and -0.933 depict a flat line with very slight upward and downward push. The RSI at 36.36 showcases buyers playing a major role by buying more to reach the support area. The price may range from $92.002 – $91.000.
Cancellation of the trend-line may revert an upward movement away from support line.Then price may vary from$92.002 – $94.000.