The Litecoin price prediction could set a bullish run if the market can keep the coin above the resistance level of $100.
LTC/USD Market
Key Levels:
Resistance levels: $140, $150, $160
Support levels: $85, $75, $65
LTC/USD is running a little retracement move above $100 with a price growth of 1.50%. For the fact that the coin is recording some gain, the Litecoin price may follow a sideways movement within the channel if the coin stay within the 9-day and 21-day moving averages. In the meantime, traders can expect the Litecoin price to continue with the bullish movement if the bulls put more pressure.
Litecoin Price Prediction: Litecoin May Move to the North
The Litecoin price is trying to cross above the 21-day moving average at around $112.91. If the price creates more bullish trends, traders can expect a bullish continuation towards the upper boundary of the channel. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross above 40-level, the possible resistance levels could be found at $140, $150, and $160 in the long term.
However, if the coin follows the bullish movement for the next couple of days, traders may witness higher levels. More so, the Litecoin price is trying to create a bullish movement in the short term. On the contrary, any bearish movement towards the south could roll the coin back to the long-term support at $85, $75, and $65 levels.
Against Bitcoin, Litecoin continues to follow the sideways movement trading above the 9-day and 21-day moving averages. However, with the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Litecoin (LTC) is trading around the 2733 SAT and traders may expect close support at 2500 SAT and below.
However, if a bullish move pushes the price above the upper boundary of the channel; traders can confirm a bullish movement for the coin. Moreover, the closest resistance could be located at 3000 SAT and above as the technical indicator Relative Strength Index (14) moves above 50-level, suggesting sideways movement.
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