Litecoin Price Prediction: LTC/USD May Cross Above $120 Level

Source Node: 1215109

Litecoin Price Prediction – March 14

The Litecoin price prediction could set a bullish run if the market can attempt to climb back above the resistance level of $120.

LTC/USD Market

Key Levels:

Resistance levels: $140, $150, $160

Support levels: $75, $65, $55

Litecoin Price Prediction
LTCUSD – Daily Chart

According to the daily chart, LTC/USD is running a little retracement move towards $110 resistance with price growth of 1.11%. For the fact that the coin is recording a slight gain, the Litecoin price may begin to maintain a bullish movement within the channel if the coin crosses above the 9-day and 21-day moving averages.

Litecoin Price Prediction: Litecoin (LTC) May Consolidate to the Upside

The Litecoin price is hovering at $102.82 but crossing above the moving averages may push the market price towards the upper boundary of the channel. Meanwhile, traders can expect a bullish continuation, and as the technical indicator Relative Strength Index (14) reveals, the signal line is seen moving above 40-level. However, the possible resistance levels could be located at $140, $150, and $160 if the signal line crosses above 60-level.

At the time of writing, the Litecoin price is currently moving sideways in the short term, and any bearish movement towards the lower boundary of the channel may bring the coin to the long-term support levels of $75, $65, and $55 respectively.

Against Bitcoin, the Litecoin price keeps sliding towards the downside but has yet to cross below the 9-day and 21-day moving averages. Should in case of a trend reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market, if not, the market may move sideways. Now, Litecoin (LTC) is hovering at 2649 SAT, traders can expect close support at 2200 SAT and below.

LTCBTC – Daily Chart

However, if the buyers push the Litecoin price towards the upper boundary of the channel, it may likely hit the nearest resistance level at 3000 SAT. Moreover, crossing above the channel may hit the potential resistance at 3200 SAT and above but on the contrary, the technical indicator Relative Strength Index (14) moves below 50-level.

Looking to buy or trade Litecoin (LTC) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Time Stamp:

More from Inside Bitcoins