Connect with us
Active Currencies 14918
Market Cap $2,550,603,077,019.50
Bitcoin Share 51.57%
24h Market Cap Change $3.84

Litecoin Price Analysis: 30 April

2min Read

Share this article

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

After hitting the resistance level of $296.74, Litecoin saw its price retrace by almost 38% on the charts. Alas, even though a later recovery pushed the price of the digital silver towards $265 at press time, market momentum was still lacking.

Litecoin daily chart

Source: LTCUSD on TradingView

Litecoin’s daily chart suggested that the crypto’s price had broken out of its ascending channel and was once again recovering. However, the aforementioned fall has turned the market into a more cautious one, and a strong effort was being made to hold on to the press time price.


As the price slipped, bearish volatility took over the market. However, as the altcoin’s price stabilized, its volatility also was squeezed out. As the price continued to move sideways, the Signal line was indecisive of the price trend as the buyers and sellers remained active.

This confusion was highlighted by the Relative Strength Index climbing towards the overbought zone, while money was increasingly leaving the market. The RSI value, at press time, was 57, a figure which did not affirm a bullish trend, but underlined the rising buying pressure. Meanwhile, the Chaikin Money Flow suggested that traders had realized their gains, especially since money was now leaving the market.

Litecoin may continue its low movement between $244 and $271 in the long-term as the short-term market gains stability. If the buying pressure continues to rise, as indicated by the RSI, the price may retest the resistance at $296.


The current Litecoin [LTC] market is noting a period of consolidation. With April having been volatile, the upcoming period may see the price move right above the level at $244. However, with Bitcoin and Ethereum markets’ witnessing spurts of gains and losses, the altcoin market could take a sudden turn as well.


Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.