The LTC price has bounced back from a recent dip and has been regaining traction among traders amidst heightened political and economic uncertainty. Donald Trump has openly criticized Federal Reserve Powell’s handling of monetary policy, reignited debates over inflation, central bank independence, and interest rates. This political quarrel between the former President Donald Trump and Fed’s Powell, the financial market is experiencing high volatility. Hence, investors are shifting their attention towards alternative assets like Litecoin (LTC). As a result, LTC rebounded from $77, suggesting a strong bullish momentum in the market.
This article has provided the price analysis of LTC for the last 24 hours to test investors’ knowledge. Let’s dive in and understand how the LTC is performing amidst financial market volatility.
LTC Dips to $77 – April 21, 2025
On April 21, 2025, LTC’s trading day kicked off with an upward price trajectory, demonstrating a robust bullish momentum. At 00:30, LTC encountered an RSI overbought situation, indicating a potential downtrend. A Death Cross on MACD at 01:55 UT signaled a possible downtime. As expected, at 02:20 UTC, a pin bar, followed by a full-body red candle, signaled this downtrend. Likely, LTC resisted at $79.81, began to fall, and dropped to $78.56. However, at 04:25 UTC, LTC found support at $78.56, breached a breakout, and experienced an uptrend.
Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 22, 2025
At 07:35 UTC, LTC broke the resistance at $79.81, breached a breakout, and reached the top price of the day at $81.91. A Golden Cross on MACD at 05:45 UTC affirmed this uptrend. At 09:00 UTC, a Death Cross on MACD signaled a possible downtrend. Likely, at 09:10 UTC, the LTC price resisted at $81.91, experienced a sharp decline, and dropped to $79.97. Conversely, at 11:25 UTC, LTC found support at $79.97 and kept fluctuating.
At 14:25 UTC, LTC resisted at $80.97, broke the support at $79.97, breached a breakout, and dropped to $77. However, at 18:20 UTC, a Golden Cross on MACD signaled a possible uptrend. Likely, at 18:55 UTC, LTC found support at $77, moved up, and closed at $78.16.
LTC Resilience Near $80.13 – April 22, 2025
Following the preceding day’s close, on April 22, 2025, the LTC trading day began with a dynamic price action, demonstrating a strong bullish momentum. But at 01:15 UTC, LTC encountered an RSI Overbought situation, indicating a trend reversal. Likely, at 01:20 UTC, a pin bar, followed by a full-body red candle, signaled a potential downtrend. As expected, the LTC price movement resisted at $79.54 and experienced a short-term fall. A Death Cross on MACD at 02:00 UTC affirmed this downtrend. Subsequently, at 06:40 UTC, LTC found support at $78.32, began to move up, and broke the key resistance at $79.54.
LTC’s Next Move – Bull or Bear?
Based on today’s price analysis, LTC is experiencing an uptrend, demonstrating a strong bullish wave. As it broke the key resistance level at $79.54, if it sustained above the key level, it might have reached a new high. But it pulled down below the key resistance, experiencing a sharp fall. In case if the LTC price continues to fall, it could break the key support level at $77 and encounter further price decline. This could lead to strong bearish momentum.
Due to Donald Trump and Federal Reserve Powell’s clash, the financial market remains uncertain. Hence, investors and traders are looking to invest in alternative assets like Litecoin (LTC). However, before investing in it, closely monitor the key levels and know whether it is the right time to invest in it!
Source: Coinfomania / Digpu NewsTex