CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

LTC Price Prediction: Bearish Structure Tightens as Litecoin Clings to $57 Support

Blockchain.News logo

Published on

Add as a preferred source on Google
LTC Price Prediction: Bearish Structure Tightens as Litecoin Clings to $57 Support

Litecoin trades at $57.08 on October 29, 2026 — down 0.80% over 24 hours and below its 7-, 20-, and 50-day moving averages — while Binance taker data shows sell-side order flow dominating. Model-ba...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

Litecoin printed $57.08 at the time of writing on October 29, 2026 — a 0.80% decline over the prior 24 hours — after oscillating between a session low of $56.95 and a high of $59.85 on Binance spot. That intraday range of roughly $2.90 sits close to the asset's 14-period Average True Range of $2.49, indicating volatility running near its recent baseline rather than signalling any unusual expansion.

The moving-average stack is uniformly bearish at the short end. Price sits below the 7-day SMA ($57.35), the 20-day SMA ($59.61), the 50-day SMA ($61.59), the EMA 12 ($58.57), and the EMA 26 ($60.04). The single counter-point is the 200-day SMA at $52.20, which remains below the current price — the longer-term trend, measured over roughly 40 weeks of daily data, still leaves LTC above its extended baseline. The roughly $4.88 gap between spot and the 200-day average represents the buffer before the longer-term structure itself comes into question.

51, placing LTC in the neutral zone but tilted toward its softer half. 4688, with the histogram at approximately zero — convergence of the two lines points to bearish momentum that has stalled rather than accelerated, but no bullish cross has formed to suggest a shift in direction.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.