Litecoin Price Prediction for Today, June 1: LTC/USD May Cross Above $95 Level

Updated: 21 June 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The Litecoin price prediction shows that LTC may head toward the channel to hit the $100 resistance level if the bulls increase the pressure.

Litecoin Prediction Statistics Data:

Litecoin price now – $93.8
Litecoin market cap – $6.8 billion
Litecoin circulating supply – 73 million
Litecoin total supply – 84 million
Litecoin Coinmarketcap ranking – #11

LTC/USD/USD Market

Key Levels:

Resistance levels: $110, $115, $120

Support levels: $75, $65, $55

Litecoin Price Prediction for Today, June 1: LTC/USD May Cross Above $95 Level — LTCUSD – Daily Chart

LTC/USD bulls are now pushing the coin toward the upper boundary of the channel as the technical indicator Relative Strength Index (14) reveals that the market may embark on a positive movement while the signal line moves to cross above the 60-level.

Litecoin Price Prediction: LTC Price May Follow the Uptrend

The Litecoin price is changing hands at $93.8 where it faces up. If the coin breaks above the resistance level of $100, it could confirm the upward movement. However, any further bullish movement above the channel may locate the nearest resistance levels at $110, $115, and $120, while crossing below the lower boundary of the channel could reach the support levels of $75, $65, and $55 respectively.

Against Bitcoin, the Litecoin price is moving above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. Meanwhile, on the downside, if the market price head toward the lower boundary of the channel, the next support level may surface at 3000 SAT to locate further key support at 2600 SAT and below if the sell-off later becomes huge.

On the upside, if the bulls push the price above the upper boundary of the channel; further bullish movement may hit the potential resistance level at 4200 SAT and above while the signal line of the Relative Strength Index (14) moves above the 60-level to continue the bullish movement. On the other hand, if it moves below this level, sellers may resume back and this could bring bearish pressure into the market.

Litecoin Alternatives

The Litecoin price is likely to create additional gains as the market price moves close to the resistance level of $100. At the time of writing, the Litecoin price breaks above the moving averages and could make a bullish movement toward the upper boundary of the channel. Meanwhile, the Wall Street Memes token presale is their first community rewards token and the project has seen huge interest in its early days. At the time of writing, more than $2 million has been invested in $WSM in less than a week since its launch.

Read more:

New OKX Listing - Wall Street Memes

Rating