The Litecoin price forecast could set a positive tendency run if the market can effort to go up back over the resistance level of $95.
Litecoin Prediction Statistics Data:
- Litecoin price now – $91.10
- Litecoin market capitalization – $6.6 billion
- Litecoin circulating supply – 72.7 million
- Litecoin total supply – 84 million
- Litecoin Coinmarketcap ranking – #12
LTC/USD Market
Key Levels:
Resistance levels: $115, $120, $125
Support levels: $70, $65, $60
LTC/USD is running a little retracement move towards $100 with price growth of 3.13%. For the fact that the coin is recording a slight gain, the Litecoin price may begin to sustain a positive tendency movement within the channel if the coin can cross over the 9-day and 21-day moving averages. This is why, traders can expect the price continuation to boost as soon as the bulls put more pressure on the market.
Litecoin Price Prediction: Litecoin (LTC) May Spike to the Upside
At the time of publication, the Litecoin price is seen hovering at $91.10. If the Litecoin price crosses over the 9-day and 21-day moving averages, the market value may boost toward the upper boundary of the channel. Nonetheless, traders can then expect a positive tendency to continue and as the technical indicator Relative Strength Index (14) reveals, the signal line is seen moving to cross over the 50-level, the possible resistance levels may be located at $115, $120, and $125 respectively.
Nonetheless, if the coin persists to move in the positive direction, the market may witness more of higher levels. At the time of publication, the Litecoin price is as of now moving sideways in the short term. On the contrary, any bearish movement toward the lower boundary of the channel could roll the coin back to the longstanding support at $70, $75, and $60 levels.
Against Bitcoin, the Litecoin price persists to follow a downward movement but as of now crossing over the 9-day and 21-day moving averages. In the meantime, in case of a tendency reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market, if not, the market may begin to range-bound. As of now, Litecoin (LTC) is hovering at 3279 SAT. This is why, traders can expect close support at 2500 SAT and below.
LTCBTC – Daily ChartNonetheless, if the buyers push the Litecoin price over the channel, it can potentially hit the nearest resistance level of 3500 SAT; traders can then confirm a bull run for the coin and the capacity resistance may be located at 4000 SAT and over while the technical indicator Relative Strength Index (14) crosses over the 50-level.
Litecoin Alternatives
The Litecoin price will likely cross over the 9-day and 21-day moving averages after a major recovery from the daily low of $87.19. This shows that buyers may continue to have the upper hand in the price movement, and they could easily push the coin to the north. Nonetheless, is a trending cryptocurrency project that is building a vote-to-earn ecological system. Its native crypto token, LHINU, is as of now available to buy at presale prices and around $7 Million has been raised so far.
