Cryptocurrencies were trading in the red early on April 27, with the global crypto market cap falling 5.64 percent in the previous day to $1.76 trillion. Total crypto market volume, on the other hand, fell 3.16 percent in the last 24 hours to $94.95 billion.
The total volume in DeFi was $11.41 billion, accounting for 12.01 percent of the total 24-hour volume in the crypto market. The total volume of all stable coins was $80.22 billion, accounting for 84.50 percent of the total 24-hour volume of the crypto market.
Litecoin Price Prediction 2022 – LTC Price Fluctuates at a $100 Low – April 28
The LTC/USD market price fluctuates at a $100 low following a recent global declination in most crypto business operations. At the moment, the crypto economy has a positive percentage trading of 1.16, with value lines ranging from $103 to $99.
LTC Price Fluctuates at a $100: LTC Trade
Resistance levels: $115, $125, $135
Support levels:$90, $80, $70
The daily chart shows the LTC market price fluctuating at a $100 lower-trading zone, but it also appears to be poised for an upward swing from the point. The 14-day simple moving average trend line is below the 50-day simple moving average trend line. The horizontal line is drawn intently at the value line. The Stochastic Oscillators are southbound, positioned in the 20s, and appear to be attempting to close their lines to the upward direction.
Crypto Market Fundamental Outlook
Fidelity claims to be the first in the industry to allow such investments without requiring a separate brokerage window, and it has already signed up one employer who plans to add the offering to its plan later this year.
The United States warned the retirement industry in March to use extreme caution when doing something like this, citing how inexperienced investors may not understand how volatile cryptocurrencies can be, among other concerns.
Revolut, a digital banking platform based in London, is working on expanding into decentralized cryptocurrency wallets and is also looking into the mortgage sector, according to its CEO, as the company pursues its strategy to become a so-called “super app,” according to Reuters.
Revolut, which currently provides payments services, crypto trading, savings accounts, and stock trading, plans to expand its remittance offerings and launch a buy now, pay later product in the near future. However, according to CEO Nik Storonsky, the financial technology firm has more work to do to become a one-stop-shop for financial services.
Can the LTC/USD trade shrink further as the crypto-economic price fluctuates around $100?
As the crypto-economic price fluctuates around the $100 trading level, some lower-lows may still prevail in LTC/USD trade operations. If market participants fail to exert pressure away from the value point, the current trading situation could devolve into a range-bound outlook. As things stand, buyers are hoping to reclaim positions as soon as possible in order to resume trading on a more stable footing.
On the negative side of the technical analysis, the LTC/USD market’s downward trend is nearing its end. As a result, it may be risky to continue shorting positions above the $100 trading level, as a bounce-off from around the line could occur in no time. Investors may use the dumping process to buy more for a hold for sale until later sessions when prices are expected to rise. The decision remains that selling orders will be halted at this time.
Litecoin Price Prediction Today – LTC/BTC Price Analysis
Litecoin, on the other hand, remains in a lower trading range when compared to Bitcoin. The price of the cryptocurrency pair fluctuates at a lower level beneath the smaller-SMA trend line. The upper bearish channel trend line was drawn above the 14-day SMA indicator, alongside the 50-day SMA indicator.
The Stochastic Oscillators have dipped into the oversold region as if attempting to cross the lines northbound. This indicates that the base cryptocurrency is struggling to stage a swing upward in the current trading environment.