Litecoin Price Prediction: LTC/USD Move Sideways Around $152 Level ByAzeez MustaphaPRO INVESTOR Updated: 25 September 2021 Litecoin Price Prediction – September 25 The Litecoin price prediction may soon need to stage a meaningful short-term rally or the cryptocurrency could see a worrying decline back towards the $36 support level. LTC/USD Market Key Levels: Resistance levels: $185, $195, $205 Support levels: $125, $115, $105 LTCUSD – Daily Chart Buy Litecoin Now LTC/USD is seen moving in an incredibly narrow trading range after a bullish rally failed to materialize. However, the early daily rally towards the $155 level failed to generate sustainable gains, with the LTC/USD pair soon slipping back under the $150 level. The longer that the LTC/USD pair fails to rally from current trading levels, the greater the chance that we may see the cryptocurrency falling to a new monthly trading low. Litecoin Price Prediction: Litecoin (LTC) May Move Sideways The longer the Litecoin price fails to rally from current trading levels, the greater the chance that traders may see the coin falling to a new trading low. A break below the $150 support level may provoke an even deeper decline towards the $125, $115, and $105 support levels. The technical indicator Relative Strength Index (14) is moving around 40-level, suggesting sideways movement for the market. However, the daily chart highlights that LTC/USD bulls need to re-group and energized the market by breaking above the 9-day moving average. However, any further bullish movements above the 21-day moving average 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 price of Litecoin is moving in sideways below 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 9-day moving average. LTCBTC – Daily Chart However, as the technical indicator, Relative Strength Index (14) moves below 40-level, keeping the price below the moving averages with a possible break below the lower boundary of the channel, any further bearish movement could lead to the support of 3300 SAT and below, which could establish a new monthly low for the market. Nevertheless, the resistance level could be found at 3900 SAT and above. Looking to buy or trade Litecoin (LTC) now? Invest at eToro! Buy Litecoin Now 67% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Litecoin How to buy Cryptocurrency
