Litecoin Price Prediction for Today, May 14: LTC/USD Rebounds; Price Faces $90 Level

The Litecoin price prediction sees a 3.10% price increase over the past 24 hours of trading as the cryptocurrency touches $84.

Litecoin Prediction Statistics Data:

• Litecoin price now – $82.79
• Litecoin market cap – $6 billion
• Litecoin circulating supply – 72.9 million
• Litecoin total supply – 84 million
• Litecoin Coinmarketcap ranking – #13

LTC/USD Market

Key Levels:

Resistance levels: $110, $120, $130

Support levels: $60, $50, $40

LTC/USD gains a 3.10% price rise over the past 24 hours of trading as the cryptocurrency bounces from the $79.82 to the $84 resistance level. Litecoin may face the upside if the red line of the 9-day MA crosses above the green line of the 21-day MA. At the time of writing, the movement is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) crossing above the 40-level.

Litecoin Price Prediction: Litecoin (LTC) Ready for a Spike above $85 Level

The Litecoin price may need to rise above $85 if the buyers push the price above the 9-day and 21-day moving averages. On the contrary, traders may consider the market as bearish if the sellers bring the market movement to the lower side.

However, toward the upside, the first level of resistance lies at $90, while the potential resistance levels lie at $110, $120, and $130. Moreover, if the sellers bring the price beneath the lower boundary of the channel, traders may expect supports to be located at $60, 50, and $40 while the technical indicator Relative Strength Index (14) faces the north to give more bullish signals.

Against Bitcoin, LTC is trading within the 9-day and 21-day moving averages. The Litecoin price is likely to cross above the upper boundary of the channel. From the above, the nearest resistance level is likely to touch 3500 SAT. Above this, higher resistance lies at 3800 SAT and above.

On the other hand, if the selling pressure creates a fresh low, lower support may be found at 2400 SAT and below. The technical indicator Relative Strength Index (14) moves to cross above the 50-level, which shows that the market may be preparing for an uptrend.

Alternatives to Litecoin

The Litecoin price may create additional gains as the market price moves close to the resistance level of $85. At the time of writing, the Litecoin price breaks above the 9-day moving average, and could make a bullish cross above the 21-day moving average to touch another high at $90. Meanwhile, AiDoge has every chance of success in the long run. Its native token, $AI, is required to access its meme generation tool. Considering the quality and uniqueness of its AI-backed product, many analysts believe that $AI token could witness significant demand in the coming years. AiDoge is currently available to buy at presale prices and close to$9 million has been raised so far.