Litecoin Price Prediction: LTC/USD Faces Rejection at $125 ByAzeez MustaphaPRO INVESTOR Updated: 12 February 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Litecoin Price Prediction – February 12 The Litecoin price is moving down synchronously within the market, and its sell-offs may be extended below the 21-day moving average. LTC/USD Market Key Levels: Resistance levels: $170, $190, $210 Support levels: $80, $60, $40 LTCUSD – Daily Chart Buy Litecoin Now At the time of writing, LTC/USD is changing hands to $123.61, down from the opening trade at $125.66. The coin is moving synchronously below the 9-day moving average. The Litecoin price is mainly influenced by speculative sentiment and technical factors. However, the coin is known for its herd behavior, as everything rises and falls at the same time. Litecoin Price Prediction: Litecoin (LTC) May Drop to the Downside The Litecoin price moves below the opening price of $125.66 level as bulls couldn’t hold the ground. The widespread retracement on the market pushes the coin towards the 21-day moving average with the next local support created by $120. This level should limit the correction and serve as a starting point for another upward wave. However, the sell-off is likely to gain traction with the next focus on $80, $60, and $40 support levels. Meanwhile, on the upside, the initial resistance is created above the moving averages at $150. Traders may need to see a sustainable move above this level to test $160. The further bullish movement could touch the $170, $190, and $210 resistance levels as the technical indicator Relative Strength Index (14) prepares to cross below 50-level, indicating bearish signals. Against Bitcoin, the Litecoin price is moving sideways, as the coin remains below the 9-day and 21-day moving averages. However, the bulls attempt to push the coin above the moving averages, but the technical indicator Relative Strength Index (14) keeps ranging. However, the critical support level is located around the 2500 SAT and below. LTCBTC – Daily Chart Moreover, if bulls begin to power the market, the coin may likely break above the channel to find the potential resistance level at 3500 SAT and above. Meanwhile, the Litecoin price is currently changing hands to 2981 SAT, and a spike in volatility could occur according to the technical indicator. Looking to buy or trade Litecoin (LTC) now? Invest at eToro! Buy Litecoin Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Litecoin How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage