Litecoin price had been staggering too, just like other major altcoins in the market. Over the last 24 hours, however, LTC moved up on its chart by 2.4%.<\/p>\n
The bulls have yet to steady themselves on the one-day chart. Over the last week, LTC gained almost 3%. This indicated that the coin has not made any such considerable movement on its chart.<\/p>\n
The bears were in charge of the altcoin, as indicated by the technical indicators. There is a significant immediate resistance for the Litecoin price to overcome.<\/p>\n
The buyers were low in the market, and that has tired the bulls out consistently. At the moment, the coin has found support near the $51 price mark.<\/p>\n
Because selling strength was greater than buyer strength in the market, the Litecoin price may not stay above that level for long.<\/p>\n
On the other hand, if buying strength stabilises slightly, then there is a chance for LTC to move above $56. Broader market strength will be crucial for Litecoin over the next trading sessions.<\/p>\n
Litecoin Price Analysis: One Day Chart<\/h2>\n![\"Litecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/LTCUSD_2022-09-28_23-29-06.png\")
Litecoin was priced at $53 on the one-day chart | Source: LTCUSD on TradingView<\/a><\/figcaption><\/figure>\nLTC was trading at $53 at the time of writing. Litecoin price will witness tough resistance at the $56 price mark.<\/p>\n
The bulls have moved closer to that price mark each time, but it has met with selling strength. Moving above the $56 price mark could help Litecoin price invalidate the bearish thesis.<\/p>\n
The coin could experience a price ceiling at the $61 price mark. On the other hand, the support line rested at $51 and then at $43, respectively.<\/p>\n
The amount of Litecoin traded in the last session declined, which indicated that buying strength remained low on the 24-hour chart.<\/p>\n
Technical Analysis<\/h2>\n![\"Litecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/LTCUSD_2022-09-28_23-29-30.png\")
Litecoin displayed low buying strength on the one-day chart | Source: LTCUSD on TradingView<\/a><\/figcaption><\/figure>\nLTC\u2019s indicators continued to display that the coin was in a downtrend. The sellers remained in control of the charts, which could potentially bring the coin down to $51.<\/p>\n
If buying strength doesn\u2019t recover soon, LTC could move to $51 before it recovers on the chart again. The Relative Strength Index was below the half-line, which meant that sellers were more compared to buyers.<\/p>\n
Litecoin price was below the half-line, which meant less demand for the coin. It also meant that sellers were driving the price momentum in the market.<\/p>\n![\"Litecoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/LTCUSD_2022-09-28_23-30-13.png\")
Litecoin depicted low capital inflows on the one-day chart | Source: LTCUSD on TradingView<\/a><\/figcaption><\/figure>\nThe altcoin continued to paint a bearish picture, with sellers taking over on the one-day chart. The Moving Average Convergence Divergence indicates the price momentum and action.<\/p>\n
MACD displayed red histograms, which were a sell signal for the coin. The Chaikin Money Flow measures the capital inflows and outflows in the market.<\/p>\n
CMF was below the half-line, which meant that capital inflows were lower than outflows on the one-day chart.<\/p>\n<\/p><\/div>\n
LTC was trading at $53 at the time of writing. Litecoin price will witness tough resistance at the $56 price mark.<\/p>\n
The bulls have moved closer to that price mark each time, but it has met with selling strength. Moving above the $56 price mark could help Litecoin price invalidate the bearish thesis.<\/p>\n
The coin could experience a price ceiling at the $61 price mark. On the other hand, the support line rested at $51 and then at $43, respectively.<\/p>\n
The amount of Litecoin traded in the last session declined, which indicated that buying strength remained low on the 24-hour chart.<\/p>\n
Technical Analysis<\/h2>\nLitecoin displayed low buying strength on the one-day chart | Source: LTCUSD on TradingView<\/a><\/figcaption><\/figure>\nLTC\u2019s indicators continued to display that the coin was in a downtrend. The sellers remained in control of the charts, which could potentially bring the coin down to $51.<\/p>\n
If buying strength doesn\u2019t recover soon, LTC could move to $51 before it recovers on the chart again. The Relative Strength Index was below the half-line, which meant that sellers were more compared to buyers.<\/p>\n
Litecoin price was below the half-line, which meant less demand for the coin. It also meant that sellers were driving the price momentum in the market.<\/p>\nLitecoin depicted low capital inflows on the one-day chart | Source: LTCUSD on TradingView<\/a><\/figcaption><\/figure>\nThe altcoin continued to paint a bearish picture, with sellers taking over on the one-day chart. The Moving Average Convergence Divergence indicates the price momentum and action.<\/p>\n
MACD displayed red histograms, which were a sell signal for the coin. The Chaikin Money Flow measures the capital inflows and outflows in the market.<\/p>\n
CMF was below the half-line, which meant that capital inflows were lower than outflows on the one-day chart.<\/p>\n<\/p><\/div>\n
LTC\u2019s indicators continued to display that the coin was in a downtrend. The sellers remained in control of the charts, which could potentially bring the coin down to $51.<\/p>\n
If buying strength doesn\u2019t recover soon, LTC could move to $51 before it recovers on the chart again. The Relative Strength Index was below the half-line, which meant that sellers were more compared to buyers.<\/p>\n
Litecoin price was below the half-line, which meant less demand for the coin. It also meant that sellers were driving the price momentum in the market.<\/p>\n The altcoin continued to paint a bearish picture, with sellers taking over on the one-day chart. The Moving Average Convergence Divergence indicates the price momentum and action.<\/p>\n MACD displayed red histograms, which were a sell signal for the coin. The Chaikin Money Flow measures the capital inflows and outflows in the market.<\/p>\n CMF was below the half-line, which meant that capital inflows were lower than outflows on the one-day chart.<\/p>\n<\/p><\/div>\n