Ethereum

Flow

Litecoin

Daily

<ul class="wp-block-list"> 
 <li>Litecoin has factored in a modest price increase of 0.67% in the last 24 hours.&nbsp;</li> 
 <li>The altcoin’s daily trading volume has surged by 140.52% as per CMC data.</li> 
</ul> 
The overall crypto market has shown bearish signs in the past 24 hours. While Bitcoin slid to the $103K level, other cryptocurrencies followed suit. Ethereum has once again fallen to its support of $3.8K. On the other hand, one of the leading altcoins, Litecoin, has shown upward movements. 
In the last 24 hours, Litecoin has shown a modest price increase of 0.67% as shown in its daily chart. In the Asian afternoon hours of December 17, the altcoin was trading at $118 before proceeding to fall further to an intra-day low of $114.&nbsp; 
However, it began surging during the morning hours of December 18 to reach current levels. Moreover, Litecoin also hit a 9-day high of $131.48 during this surge. At the time of writing, LTC was trading at $119.76 as per CMC <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>.&nbsp; 
Zooming out, over the past week, Litecoin depicts a price increase of 7.73% despite multiple bearish market periods. At the beginning of the week, the altcoin was trading at a low of $112.26. After several days of consolidation, it saw a surge in the past day hitting the aforementioned highs.&nbsp; 
<h3 class="wp-block-heading" id="h-will-litecoin-price-sustain-the-positive-momentum-nbsp">Will Litecoin Price Sustain the Positive Momentum?&nbsp;</h3> 
When analyzing the price actions of Litecoin, it traces a horizontal channel pattern. This pattern is usually followed by a price breakout or a price descent. Inferring its other technical indicators, Litecoin’s Chaikin Money Flow (CMF) value stands at 0.25 indicating increased capital influx. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfll4HhiQG5p2AfnGCHGC1b1dmqFVbnvyPbS2UmhYVovRdIskZc0QCCkF7PqTL0sahkxYtRIsOdlNDalJDC47Sg0X6qtEclfNMW6wvVUnEPBVvuVj9vEtQ45n3FkCpmoGibLMN5uA?key=USQnQ0eV2UTunGp-uJIcuLyA" alt="">
 <figcaption class="wp-element-caption">
 LTC/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/LTCUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Additionally, the altcoin’s bull power indicator value stands at 4.60, while its bear power indicator value is at -2.29 as per TradingView <a href="https://www.tradingview.com/symbols/LTCUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">data</a>. This indicates a bullish dominance in Litecoin price actions. The cryptocurrency recently hit a <a href="https://thenewscrypto.com/litecoin-hits-two-year-high-amid-long-term-holder-distribution-phase/" target="_blank" rel="noreferrer noopener">two-year high</a> at the beginning of December.&nbsp; 
Other cryptocurrencies such as <a href="https://thenewscrypto.com/xrp-faces-selling-pressure-as-rlusd-launch-triggers-28m-exchange-inflow-surge/" target="_blank" rel="noreferrer noopener">XRP</a> and Cardano have shown bearish signals reflecting the overall market in the past day.&nbsp; 
Highlighted Crypto News Today:&nbsp; 
<a href="https://thenewscrypto.com/ethereum-eth-bulls-eye-another-shot-at-4k/" target="_blank" rel="noreferrer noopener">Ethereum (ETH) Bulls Eye Another Shot at $4K</a>

Litecoin Price Tests $130 Amid Bearish Market Signals

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