The Litecoin price prediction reveals that LTC records a gain of 1.06%, as the coin is seen approaching the $175 level.
Litecoin (LTC) Statistics Data:
- Litecoin price now – $59.99
- Litecoin market cap – $4.2 billion
- Litecoin circulating supply – 71.1 million
- Litecoin total supply – 84 million
- Litecoin Coinmarketcap ranking – #21
LTC/USD Market
Key Levels:
Resistance levels: $67, $69, $71
Support levels: $53, $51, $49
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LTC/USD is seen trading in the green at the time of writing as the Litecoin price is trading above the 9-day and 21-day moving averages with a gain of 1.51%. According to the daily chart, the candle formations are currently respecting upward movement, and retreating below the moving averages might position the market price in a decline. Meanwhile, the closest support level is located around the 21-day moving average at the $58 level while a north wave might see a high movement towards the upper boundary of the channel.
Litecoin Price May Spike Within the Channel Tamadoge Remains Green
As the daily chart reveals, the Litecoin price is retreating from the daily high of $60.13. Meanwhile, an increase above this level could trigger intense buying to $67, $69, and $71 resistance levels. On the contrary, the Litecoin price may likely hold a support level at $58.51 which is the current daily low. Therefore, if the Litecoin price drops below this support level, it may likely hit the closest support at $56.
Meanwhile, the next support after this is located below the lower boundary of the channel where it may even dip to the support levels of $53, $51, and $49 if the selling volume keeps increasing. More so, the technical indicator Relative Strength Index (14) reveals that the market may likely cross above 55-level if the signal line keeps the upward movement.
When compares with Bitcoin, the buyers are attempting to step into the market while the bulls are trying to keep the coin above the 9-day moving average. Meanwhile, from the upside, the nearest level of resistance lies at 3400 SAT and above as the technical indicator Relative Strength Index (14) stays above 50-level.
Therefore, looking at the downside; the nearest level of support is 2800 SAT, if the price drops further to create a new low, lower support could be found at 2500 SAT and below. In addition, the 9-day MA is still above the 21-day MA, which could mean that the market may follow the upside.
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