The Litecoin price prediction may continue to show a bullish movement if the market could maintain the $60 resistance level.
Litecoin (LTC) Statistics Data:
- Litecoin price now – $60.6
- Litecoin market cap – $4.3 billion
- Litecoin circulating supply – 71 million
- Litecoin total supply – 84 million
- Litecoin Coinmarketcap ranking – #21
LTC/USD Market
Key Levels:
Resistance levels: $70, $75, $80
Support levels: $50, $45, $40
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LTC/USD is showing positive movement as the market stays above the 9-day and 21-day moving averages. Apart from this, the Litecoin price still needs to create additional bullish movements above the $60 resistance level within the channel and traders can expect the price to continue to rise as soon as this is done.
Litecoin Price Shoots Higher; TAMA, Buy and Buy Long!
The daily chart shows that the Litecoin price is attempting to create an additional bullish trend, and traders may expect more positive movements toward the upper boundary of the channel which could test the resistance level of $65. Similarly, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, any further bullish movement above the upper boundary of the channel may locate the potential resistance levels at $70, $75, and $80 in the long term.
Furthermore, if the Litecoin price keeps rising, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out for this market if the Litecoin price withdraws back below the moving averages, and this could roll the coin back to the long-term supports at $50, $45, and $40.
Against Bitcoin, the Litecoin price is about to cross above the upper boundary of the level as the coin prepares for a movement to the upside. However, if the coin touches the resistance level of 3200 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) remains within the overbought region, which indicates that more bullish signals are likely to play out.
On the contrary, if LTC/BTC falls and crosses below the 9-day moving average, it may bring the coin to the nearest support at 3000 SAT, and any further bearish movement could lower the price to the support level of 2700 SAT and below. Nevertheless, if the coin continues to follow a bullish movement, traders could see a bull run to the resistance level of 3400 SAT and above.
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