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    Baxia Markets
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    March 15, 2022

    Litecoin moves laterally

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    The cryptocurrency continues trading between $100 and  $107. For the sixth consecutive session, the pair has not been able to break the support at 100 nor the resistance at 107 and continues consolidating within that range

     

    The Bollinger bands are narrow and steady, volatility is expected to be low for this pair in the upcoming trading sessions, the price has not moved significantly over the last month and could continue its quiet lateral movement for a while before we have a breakout.

     

    Litecoin March 11th 2022

     

    The relative strength index is at 46% which is very neutral, nothing important is expected to happen with Litecoin in the upcoming days, but you never know with cryptos. A breakout is closer, for now, we expect the price to continue trading within that range.

     

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