LTCUSDMaintainsPositionCloseto$150

The market operation of LTC/USD presently maintains a position close to the point of $150. Price trades around the level of $144 at a positive increased rate of about 2.24 percent as of writing.

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Maintains Position Close to $150: LTC Market
Key Levels:
Resistance levels: $170, $220, $270
Support levels: $120, $110, $100

LTC/USD – Daily Chart
The LTC/USD daily chart depicts that the crypto’s valuation maintains a position close to the level of $150. The bearish trend-line drew downward to conjoin with the smaller SMA at a very last tail end. The 50-day SMA indicator is over the 14-day SMA trend-line.

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All the indicators’ placement showcases that the crypto economy is wallowing under a downforce. The Stochastic Oscillators are in the overbought region, trying to cross the lines northbound further. That signals that the current market’s journey to the upside is in a less active motion.

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Will the LTC/USD market increase in valuation as price maintains a position close to $150??
It is indicated on the chart that the LTC/USD market may not move to the upside as the price currently maintains a position around the level of $150. If the crypto market fails to suddenly push past both the 14-day SMA and the bearish trend-line met, there may be a continuity of maintaining the position in a range-bound trading format in the next trading session.

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The current trading zone may worthy of investing in should an investor want to.

On the downside, the staying of the Stochastic Oscillators in the overbought region has suggested that bears could be on the lookout as to when there will be a reversal in the present trading level of the market before a sell order could decently execute. The market level at $150 appears to constitute a barrier more in the crypto trading activities. But, a forceful breakout may potentially metamorphose into a return of bullish trend.

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LTC/BTC Price Analysis
Comparing the trending outlook of Litecoin with Bitcoin, the base crypto appears struggling for a recovery pairing with the flagship counter crypto. The 50-day SMA indicator is over the 14-day SMA trend-line with a small space separating them. The Stochastic Oscillators are in the overbought region, seemingly attempting to cross the lines southbound. That signifies that LTC may lose more trending capabilities to BTC soon.

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Last Saturday, the Bitcoin (BTC) price recovered within the channel, and on Sunday, buyers tried to test the resistance of $36,000. However, the growth was not supported by large volumes, and the pair could not gain a foothold in the area of $36,000.

Daily Tech Analysis – July 5th, 2021

It’s been a bearish start to the day. A fall through the day’s pivot levels would bring support levels into play.

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Ethereum rose by 4.30% on Sunday. Following a 3.29% gain on Saturday, Ethereum ended the week up by 17.05% to $2,323.15.

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A bearish start to the day saw Ethereum fall to an early morning intraday low $2,190.56 before making a move.

Steering clear of the first major support level at $2,147, Ethereum rallied to a late intraday high $2,389.22.

Ethereum broke through the first major resistance level at $2,273 and the second major resistance level at $2,320.

A late pullback saw Ethereum briefly fall back through the second major resistance level before ending the day at $2,320 levels.

At the time of writing, Ethereum was down by 0.45% to $2,312.63. A bearish start to the day saw Ethereum fall from an early morning high $2,323.28 to a low $2,303.44.

Ethereum left the major support and resistance levels untested early on.

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For the day ahead
Ethereum would need to avoid the $2,301 pivot to bring the first major resistance level at $2,411 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,389.22.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a broad-based crypto rebound, Ethereum could test the second major resistance level at $2,500.

A fall through the $2,301 pivot would bring the first major support level at $2,213 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,100 levels. The second major support level at $2,102 should limit the downside.

Looking at the Technical Indicators
First Major Support Level: $2,213

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Pivot Level: $2,301

First Major Resistance Level: $2,411

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

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Litecoin
Litecoin rose by 3.37% on Sunday. Following a 2.40% gain from Saturday, Litecoin ended the week up by 9.25% to $144.94.

A mixed start to the day saw Litecoin fall to an early morning intraday low $136.89 before making a move.

Steering clear of the first major support level at $136, Litecoin rose to a late intraday high $148.00.

Litecoin broke through the first major resistance level at $143 and the second major resistance level at $146.

Falling short of $150 levels, however, Litecoin eased back to end the day at sub-$145 levels. The late pullback saw Litecoin fall back through the second major resistance level at $146.

At the time of writing, Litecoin was down by 0.37% to $144.40. A bearish start to the day saw Litecoin fall from an early morning high $145.00 to a low $143.78.

Litecoin left the major support and resistance levels untested early on.

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For the day ahead
Litecoin would need to avoid the $143 pivot to bring the first major resistance level at $150 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level sits at $154.

A fall through the $143 pivot would bring the first major support level at $139 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$135 levels. The second major support level sits at $132.

Looking at the Technical Indicators
First Major Support Level: $139

Pivot Level: $143

First Major Resistance Level: $150

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP
Ripple’s XRP rose by 3.58% on Sunday. Following a 2.53% gain on Saturday, Ripple’s XRP ended the week up by 7.40% to $0.69587.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.66591 before making a move.

Steering clear of the first major support level at $0.6490, Ripple’s XRP rallied to a late intraday high $0.70946.

Ripple’s XRP broke through the first major resistance level at $0.6910 and the second major resistance level at $0.7091.

A bearish to end the day saw Ripple’s XRP fall back through the second major resistance level to end the day at sub-$0.70 levels.

At the time of writing, Ripple’s XRP was down by 0.76% to 0.69057. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.69548 to a low $0.68964.

Ripple’s XRP left the major support and resistance levels untested early on.