Litecoin Analysis, April 21, 2025
Litecoin price movement in a 15-minute timeframe. Overall, the direction of the price trend is very clear, which is experiencing a strong bullish phase after a period of flat consolidation. The red moving average, most likely the 200-period moving average, shows an upward slope, indicating that the medium to short-term trend is still strengthening. At the beginning of the chart, the price moved relatively flat around the moving average. This reflects market uncertainty in the early stages. There was a sharp decline that looked like a spike, but was immediately followed by a quick recovery. After this consolidation phase, the price began to show a pattern of higher lows and higher highs that continued, a classic indication of a healthy uptrend movement.
Buy Entry at Minor Support If the price pulls back deeper towards the 79.50 - 80.00 area and forms a reversal confirmation such as a bullish engulfing or pin bar, that is the ideal area to open a buy position.