LTC/USD May Cross Above $85 Level

The Litecoin price prediction could set a bullish run if the market can attempt to climb above the moving averages.

Litecoin Price Statistics Data:

Litecoin price now – $84.54
Litecoin market cap – $6.2 billion
Litecoin circulating supply – 72.5 million
Litecoin total supply – 84 million
Litecoin Coinmarketcap ranking – #14

LTC/USD Market

Key Levels:

Resistance levels: $105, $115, $125

Support levels: $65, $55, $45

According to the daily chart, LTC/USD is running a little retracement move towards $85 with price growth of 2.22%. 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 can cross above the 9-day and 21-day moving averages. Therefore, traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

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

At the time of writing, the Litecoin price is seen hovering at $84.5. If the Litecoin price crosses above the 9-day and 21-day moving averages, the market price may rise toward the upper boundary of the channel. However, traders can then expect a bullish continuation and as the technical indicator Relative Strength Index (14) reveals, the signal line is seen moving to cross above the 50-level, the possible resistance levels could be located at $105, $115, and $125 respectively.

However, if the coin moves in the positive direction, the market may witness more of higher levels. At the time of writing, the Litecoin price is currently moving sideways in the short term. On the contrary, any bearish movement towards the lower boundary of the channel could roll the coin back to the long-term supports at $65, $55, and $45.

Against Bitcoin, the Litecoin price is facing a bullish movement as the coin crosses above the 9-day moving average. Meanwhile, as the coin faces the north, there is a need for an increasing volume and resistance to cause an upsurge in the market, if not, the market may continue to follow the bearish movement.  At the moment, Litecoin (LTC) is hovering at 3168 SAT. Therefore, if the Litecoin price slides below the lower boundary of the channel, traders can expect close support at 2500 SAT and below.

However, if the buyers continue to push the Litecoin price to the upside, it may likely hit the nearest resistance level of 3500 SAT; traders can then confirm a bull run for the coin. Moreover, the potential resistance could then be located at 3700 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 40-level.

Alternatives to Litecoin

The Litecoin price is seen trading in the green as the coin moves to cross above the 9-day and 21-day moving averages with a gain of 2.22%. Meanwhile, the candle formations are currently respecting upward movement while retreating below the moving averages might position the market price in a decline. Nevertheless, Love Hate Inu seeks to harness its Ethereum blockchain technology by providing immutable and secure poll and survey results that cannot be manipulated in any form. To participate in polls on the platform, members must stake the utility native token for at least 30 days. The presale is ongoing and almost $2m has been raised.

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