Litecoin [LTC] Price Analysis Prediction Feb. 15

hello everyone. before moving on to the video we ask you to
support us and subscribe to our channel please. Alongside other altcoins, Litecoin is currently
relishing a significant bull run in the charts. The asset recently breached above the $200
mark and it is up by 78% in the month of February. At video editing time, Litecoin had a market
cap of $15 billion with a 24-hour trading volume of $16 billion. There are a couple of situations that need
to be taken into consideration for the trend going forward. At the moment, Litecoin is currently moving
within the trendlines of an ascending channel.

The price is keeping above the average line
of the pattern, indicative of another break above immediate support at $230. While the trend is overall bullish, a couple
of situations may unfold in the charts. A bullish continuation may see the asset break
above $230 over the next few hours, and re-trace from the pattern to test-weekly resistance
at $237. However, a correction period is not out of
the question for litcoin and another retracement from $230, could cause another pullback to
$215. The market indicators highlight the indecisive
nature of the trend. At press time, Moving Average Convergence
Divergence is indicative of a bearish trend with the signal line hovering above the Moving
Average Convergence Divergence line. The Stochastic RSI is appearing bullish and
possibly on a path to recover from the oversold region, but the selling pressure may pull
it under the 30-mark.

Lastly, the Relative Strength Index or RSI
remains majorly bullish maintaining a position above the 50-mark, exhibiting a presence of
strong buying pressure. It is better to wait out the trend over the
next 24-hours since the move forward is a little unclear. Litecoin has risen by 22% over the past day
hence the rally may or may not continue in the same direction. Subscribe to our channel and open notifications
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İn this video references an opinion and is
for information purposes only. It is not intended to be investment advice. Every investment and trading move involves
risk, you should do your own research while making a decision..

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