Litecoin Price Prediction: LTC/USD Braces up as Price Targets $140 Resistance

Share This Post


Litecoin Price Prediction – January 8

The Litecoin price prediction shows that LTC manages to maintain its position as the bulls maintain the desire to defend the support at $130.

LTC/USD Market

Key Levels:

Resistance levels: $175, $185, $195

Support levels: $100, $90, $80

Litecoin Price Prediction
LTCUSD – Daily Chart

After staying below the 9-day and 21-day moving averages, LTC/USD is still undergoing a much-needed break to the negative side posting a slight gain of over 1% in the last 24 hours, with the coin trading towards the 9-day moving average with at a price of $132.73 at the time of writing.

Litecoin Price Prediction: Where will LTC Price Go Next?

The Litecoin price may resume back in the middle of consolidation after touching the low of $125.90 yesterday. The price is now roaming around the $132 level to begin a movement towards the resistance level of $135. Meanwhile, if the market continues with the upward movement, the $150 resistance level is likely to surface again as the coin might further look for higher price levels if the bulls continue to show commitment.

However, the market is currently displaying a sign of subduing volatility with choppy price action. Looking at the daily chart, we can see the trading volume is rising slowly as this may cause the bulls to step back into the market again. On the other hand, if LTC/USD decides to stay under the control of bears, the price may likely cross below the lower boundary of the channel to hit the supports at $100, $90, and $80. But as the Relative Strength Index (14) faces the north, crossing above450-level may the reach the potential resistance levels at $175, $185, and $195 respectively.

Against Bitcoin, the Litecoin (LTC) continues to range-bound as the coin moves within the 9-day and 21-day moving averages. LTC/BTC is likely to fall towards the nearest support level of 3100 SAT as the critical support level is located below the lower boundary of the channel at 2800 SAT and below.

LTCBTC – Daily Chart

However, any attempt by the bulls to re-power the market, the coin may cross above the 9-day and 21-day moving averages to find the resistance level of 3800 SAT and above. Meanwhile, the coin is currently changing hands to 3169 SAT and a spike in volatility could occur as the Relative Strength Index (14) is seen moving towards 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:

Read Entire Article
spot_img

Related Posts

New UK Legislation To Govern Crypto Staking, Trading, By Mid-2024: What You Need To Know

The United Kingdom is poised to enact new legislation covering stablecoins and various crypto activities, including staking, trading, and custody  The forthcoming regulations, which are expected to

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle Here’s why this may be so Bitcoin Whales Are Showing Different

Buenos Aires charges Worldcoin with consumer law violations, warns of $1.2 million fine

The provincial government of Buenos Aires has formally accused Worldcoin of violating consumer laws through “abusive clauses” in its user agreement According to the notice,

Dogecoin Whales Moving Around Massive Amounts: What Are They Up To?

On-chain data shows that the Dogecoin whales have recently made massive moves Here’s where these moves have been heading Dogecoin Network Has Witnessed Some Large Moves Recently According to

Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario

Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the

Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over

A crypto analyst known as Yomi has noted that the Dogecoin recent price action could turn bullish after this week According to Yomi, DOGE is on the verge of creating a golden cross on its price
- Advertisement -spot_img