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LTC 20 EMA Line Crossover Preps To Test 50 EMA

Published 05/17/2022, 06:25 AM
Updated 05/17/2022, 06:30 AM
LTC 20 EMA Line Crossover Preps To Test 50 EMA

  • LTC’s price currently stands at $70.65, or 0.002324 BTC, following a 6.54% increase against the dollar over the last 24 hours.
  • The price of LTC has risen above the 20 EMA line and is now making a move towards the 50 EMA line.
  • Another technical indication favoring a short-term bullish move for LTC is the RSI being above the RSI SMA.

Litecoin (LTC) occupies the 19th spot on CoinMarketCap’s list of the biggest crypto projects according to market caps. Currently, LTC is ranked under Cronos (CRO) which occupies the 18th position on CoinMarketCap’s list, and above NEAR Protocol (NEAR) which is ranked 20th on the list.

LTC’s price currently stands at $70.65, or 0.002324 BTC, following a 6.54% increase against the dollar over the last 24 hours. Over the last week the coin is still down however, with a 15.28% decline in price over the last seven days, according to CoinMarketCap.

LTC’s highest price in the last 24 hours is $70.82. Therefore, there is a chance that a new daily high will be set for the coin as its current price is only a couple of U.S. cents away from its 24 ...

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