Search Inside Bitcoins

Litecoin Price Prediction: LTC/USD Consolidates Around $148 Level

Litecoin Price Prediction
Litecoin Price Prediction

Litecoin Price Prediction – December 30

The Litecoin price prediction may need to stage a meaningful short-term rally for the coin to see a rise above $150 level.

LTC/USD Market

Key Levels:

Resistance levels: $185, $195, $205

Support levels: $120, $110, $100

Litecoin Price Prediction
LTCUSD – Daily Chart

LTC/USD is seen moving in a narrow trading range after a bullish rally failed to materialize. The early daily rally towards the $150 level failed to generate sustainable gains, with LTC/USD slowly climbing towards the $150 resistance level. However, the longer that the Litecoin price fails to rally from current trading levels, the greater the chance that we may see the coin falling to a new monthly trading low.

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

The Litecoin price is likely to cross above the 9-day and 21-day moving averages but longer the coin fails to rally from current trading levels, the greater the chance that traders may see the coin falling to. A break below the $142 support level may bring a deeper decline towards the support levels of $120, $110, and $100. The technical indicator Relative Strength Index (14) is likely to cross above 40-level, suggesting bullish movement for the market.

However, the daily chart highlights that LTC/USD bulls need to re-group and energized the market by pushing the price above the moving averages. However, any further bullish movements could locate the resistance levels of $185, $195, and $205, and a move above these levels may encourage further Litecoin buying.

When compares with BTC, the Litecoin (LTC) is moving in sideways around the 9-day and 21-day moving averages. The Litecoin price is likely to follow the upward movement if the bulls push the coin above the moving averages.

LTCBTC – Daily Chart

However, as the technical indicator, Relative Strength Index (14) implies, the signal keeps moving above 40-level with a possible break above the 9-day and 21-day moving averages. However, any further bullish movement could lead to the resistance level of 3500 SAT and above, which could establish a new monthly high for the coin. On the contrary, falling below the lower boundary of the channel may hit the support level of 2700 SAT and below.

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 next

Don't see the answer that you're looking for?

Ask us Now!

X

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

Buy Crypto

68% of retail investor CFD accounts lose money.

eToro - Best Cryptocurrency Platform
Buy Crypto

68% of retail investor CFD accounts lose money.

X