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Litecoin Price Prediction: LTC/USD May Move Higher Above $145 Level

Litecoin Price Prediction
Litecoin Price Prediction

Litecoin Price Prediction – August 2

The Litecoin price prediction reveals that LTC records a gain of 1.81%, as the coin is seen approaching the $150 level.

LTC/USD Market

Key Levels:

Resistance levels: $170, $180, $190

Support levels: $120, $110, $100

Litecoin Price Prediction
LTCUSD – Daily Chart

LTC/USD is seen trading in the green at the time of writing as the is trading above the 9-day and 21-day moving averages with a gain of 1.81%. According to the daily chart, the candle formations are currently respecting upward movement and crossing below the 9-day moving average might position the market price in a decline. Meanwhile, the closest support level is located around the 21-day moving average at $130 level while a north wave might see a high movement above the upper boundary of the channel.

Litecoin Price Prediction: Litecoin Price May Ride Ascending Channel

As the daily chart reveals, the Litecoin price is retreating from the daily high of $145. Meanwhile, an increase above this level could trigger intense buying to $170, $180, and $190 resistance levels. On the contrary, the Litecoin price may likely hold a support level at $138 which is the current daily low. Therefore, if the Litecoin price drops below this support level, it may likely hit the closest support at $125.

Meanwhile, the next support after this is located below the 21-day MA where it may even dip to $120, $110, and $100 supports if the selling volume keeps increasing. More so, the technical indicator Relative Strength Index (14) reveals that the market may likely cross above 60-level if the signal line keeps the upward movement.

When compares with Bitcoin, the buyers are making an attempt to step back into the market while the coin is trying to move above the 21-day moving average. Meanwhile, from the upside, the nearest level of resistance lies at 3800 SAT and above as the technical indicator Relative Strength Index (14) crosses above 40-level.

LTCBTC – Daily Chart

Therefore, looking at the downside; the nearest level of support is 3500 SAT, if the price drops further to create a new low, lower support could be found at 3200 SAT and below. In addition, the 9-day MA is still below the 21-day MA, which could mean that the market may remain at the downside.

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