{"id":162738,"date":"2023-09-26T05:40:43","date_gmt":"2023-09-26T00:10:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=162738"},"modified":"2023-09-26T05:40:43","modified_gmt":"2023-09-26T00:10:43","slug":"litecoins-range-movement-persists-will-ltc-sellers-give-up-control-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/litecoins-range-movement-persists-will-ltc-sellers-give-up-control-crypto-news\/","title":{"rendered":"Litecoin\u2019s range movement persists: Will LTC sellers give up control? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/08\/image-1-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>contributor<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 26, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<p><i data-stringify-type=\"italic\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>Litecoin traded within a tight price zone over the past five days.\u00a0<\/em><\/li>\n<li><em>Market speculators adopted a cautious approach with a decline in Open Interest.\u00a0<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/LTC\" data-wpel-link=\"internal\">Litecoin [LTC]<\/a> extended its range formation, as its price hovered at the mid-range point of $64. The bullish recovery from the $55 price zone has been stuck below the 23.6% Fib level since 18 August with bulls lacking the buying pressure to break above the dynamic resistance.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Read\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/litecoin-price-prediction\" data-wpel-link=\"internal\">Litecoin\u2019s [LTC] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr \/>\n<p>Thus, LTC\u2019s price action in September continued to be primarily bearish with sellers still in control.<\/p>\n<h4><strong>Bulls remained trapped under selling pressure<\/strong><\/h4>\n<div id=\"attachment_346439\" style=\"width: 1928px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346439\" class=\"size-full wp-image-346439\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Litecoin LTC price chart on dark background\" width=\"1918\" height=\"1054\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12.png 1918w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12-300x165.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12-1024x563.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12-768x422.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12-1536x844.png 1536w\" data-lazy-sizes=\"(max-width: 1918px) 100vw, 1918px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346439\" class=\"size-full wp-image-346439\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-25_14-23-12.png\" alt=\"Litecoin LTC price chart on dark background\" width=\"1918\" height=\"1054\" \/><\/a><\/p>\n<p id=\"caption-attachment-346439\" class=\"wp-caption-text\">Source: LTC\/USDT on Trading View<\/p>\n<\/div>\n<p>LTC\u2019s historic price action revealed a tendency for the altcoin to register volatile price swings. However, in recent times, LTC has followed the sideways price action in the market occasioned by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> rising from $25k to $27k and then dropping to $26k.<\/p>\n<p>At press time, Litecoin\u2019s price remained stagnant at $64. It traded at this price for a five-day period which hinted that a breakout move could materialize soon. This was echoed by the Relative Strength Index (RSI) hovering at the neutral 50.<\/p>\n<p>Similarly, the On Balance Volume (OBV) reflected the lack of significant price movement with its flat structure.<\/p>\n<p>A bullish revival will require buyers to break above the 23.6% Fib ($69) with further gains lying at $78 to $80. For bears, an extension of the flat trading volume could see a drop to $60.<\/p>\n<h4><strong>Lagging price action resulted in a drop in Open Interest<\/strong><\/h4>\n<div id=\"attachment_346438\" style=\"width: 1810px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346438\" class=\"size-full wp-image-346438\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1800\" height=\"842\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD.png 1800w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD-300x140.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD-1024x479.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD-768x359.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD-1536x719.png 1536w\" data-lazy-sizes=\"(max-width: 1800px) 100vw, 1800px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-346438\" class=\"size-full wp-image-346438\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC_OI_CVD.png\" alt=\"\" width=\"1800\" height=\"842\" \/><\/a><\/p>\n<p id=\"caption-attachment-346438\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p>Market speculators reacted negatively to LTC\u2019s sideways movement, as the Open Interest continued to drop. Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinalyze.net\/litecoin\/open-interest\/\" data-wpel-link=\"external\">Coinalyze<\/a> showed that the OI declined by $9 million within the past 48 hours.<\/p>\n<hr \/>\n<p style=\"text-align: center\">How much are\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/100-ltc-to-usd\" data-wpel-link=\"internal\">1,10,100 LTCs worth today<\/a>?<\/p>\n<hr \/>\n<p>Likewise, the Spot CVD trended lower with a lack of demand clearly evident in the futures market. Together, speculators preferred to remain sidelined, due to Litecoin\u2019s volatile nature.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>contributor Posted: September 26, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. Litecoin traded within a tight price zone over the past five days.\u00a0 Market speculators adopted a cautious approach with a decline in Open Interest.\u00a0 Litecoin [LTC] extended its range [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":162739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-162738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=162738"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162738\/revisions"}],"predecessor-version":[{"id":162741,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162738\/revisions\/162741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/162739"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=162738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=162738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=162738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}