Baxia Markets
September 20, 2021

Litecoin struggles to stay above the 176.97 support level.

technical analysis top header -01The cryptocurrency has been very active in recent weeks, with daily movements of about 30% in a single session; the downtrend continues as the asset cannot find support at the 23.6% Fibonacci retracement.

The price could enter the Ichimoku cloud very soon, which would suggest market uncertainty; the price is fighting to recover ground, the relative strength index continues dropping, and it's currently at

45%, which would allow the price to move in either direction in the short term.


Litecoin Sept 17 2021

The Bolliger bands are open, they have been steady for the last 15 days, and the price trades close to the middle suggesting that it is at an adequate level; the pair could find support at the 174 level, which is the previous low in the last 13 trading sessions.

Our parabolic SAR indicator suggests that the price will start an uptrend. We would have to wait for more signals to make a prediction.

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