Litecoin Price Prediction for Today, August 18: LTC Trade Retraces ByAzeez MustaphaPRO INVESTOR Updated: 18 August 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Litecoin Trade Retraces – August 18Price valuation of the LTC/USD market activity is gradually taking to a mere dimensional direction as the crypto trade Retraces. The crypto business bargains around $61.16 at an average percentage rate of 1.01 positive.Litecoin (LTC) Statistics:LTC price now – $61.16LTC market cap – $4.3 billionLTC circulating supply – 70.9 millionLTC total supply – 84 millionCoinmarketcap ranking – #21LTC Trade RetracesKey Levels:Resistance levels: $70, $80, $90Support levels: $50, $40, $30LTC/USD – Daily ChartThe daily chart reveals the Litecoin trade retraces against the Dollars’ worth of the United States of America. The 14-day SMA indicator is at $60.027830 beneath the $65.623286 value line of the 50-day SMA indicator. The horizontal line is drawn intently to mark a higher-lowest point below the SMAs. The Stochastic Oscillators have penetrated the oversold region, positioning at 17.33 and 11.73 range points. That signifies the downward motion might not have reached its peak level to warrant a logical rebounding move. Buy Litecoin Now Your capital is at risk. At this LTC/USD market’s trading capacity level; can it be lowly priced further? Even though the LTC/USD market valuation has to go down further from its current trading capacity level has been observed that the crypto trade retraces and the forces backing the moves are too weak to count upon for new selling orders to execute. In the event of price holding too long in its slow movements to the downside around or below the 14-day SMA, there may be a change of pattern to beacon a support-building moment for bulls to make a come-back afterward.On the downside of the technical analysis, the LTC/USD market bears have to be considerate of new executions in this business operation at any time. The reason for that assumption is that the market is experiencing tight-active movements that are close to causing indecisions trading situation on the daily trading chart over a couple of sessions. LTC/BTC Price Analysis Litecoin, in comparison, is pushing firmer against the trending force of Bitcoin in a ranging style at a higher-trading spot, not too away from the recent bearish-trading zone below the SMAs. The cryptocurrency pair trade retraces. The Stochastic Oscillators have moved southbound and are oscillating northbound from around the 20 range to position at 30.17 and 43.49 range values to denote the base trading crypto is struggling to push against the counter crypto. Read more: How to buy Litecoin How to buy cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage