The price of Litecoin (LTC) continues to rise after breaking through the previous high of $232.
Long-term forecast for litecoin price: bullish
Today, November 9, the Litecoin price has risen and is approaching a high of $250. The current bullish momentum is likely to continue to the upside. Buyers will likely encounter resistance at the $340 high, but the uptrend will resume after a small retracement. Buyers are targeting the next price level at a high of $389. However, at the next target price level, the bulls will face strong resistance. This is because the market will be in a heavily overbought area. Sellers will likely show up and push prices lower.
Analiza indicatorului Litecoin
Litecoin has risen to the 74 level of the Relative Strength Index of period 14. Now the LTC price has reached the overbought region. The altcoin has no room to move up. The daily stochastic is also above the 80% level. The price indicators point to a possible downward movement of the altcoin.
Indicatori tehnici:
Niveluri de rezistență: 240 USD, 280 USD, 320 USD
Niveluri de asistență: 200 USD, 160 USD, 120 USD
Care este următoarea mișcare pentru Litecoin?
On the weekly chart, Litecoin is in an uptrend after breaking through resistance at $232. The cryptocurrency will likely continue to move higher. Meanwhile, the uptrend from September 6 has shown a candlestick testing the 38.2% Fibonacci retracement level. The retracement suggests that LTC will rise to the 2.618 Fibonacci extension level or $437.85.
Disclaimer. Această analiză și prognoză sunt opiniile personale ale autorului nu sunt o recomandare pentru a cumpăra sau vinde criptomonedă și nu ar trebui privite ca o aprobare de către CoinIdol. Cititorii ar trebui să facă propriile lor cercetări înainte de a investi fonduri.
