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Litecoin Price Prediction – March 13
The Litecoin price prediction reveals that LTC could not climb above the $110 level as the coin prepares for a new trend.
LTC/USD Market
Key Levels:
Resistance levels: $140, $150, $160
Support levels: $75, $65, $55
LTC/USD is currently struggling to gather momentum above the $100 level. According to the daily chart, the Litecoin price remains below the 9-day and 21-day moving averages, but if it breaks below the support level of $100, it may slump towards the lower boundary of the channel.
Litecoin Price Prediction: Litecoin (LTC) May Slump Lower
The Litecoin price is currently moving sideways. However, if the market price slides to the south, LTC/USD may experience a period of bearish momentum and it could target the $95 support level before critically looking towards the support levels of $75, $65, and $55. Meanwhile, for that not to happen, the bulls would need to push the coin above the upper boundary of the channel.
More so, if Litecoin (LTC) breaks above the $120 resistance level, it may likely face a bullish movement with higher highs and higher lows. Should in case the price decides to maintain the bullish movement above the moving averages, the coin may find the potential resistance levels at $140, $150, and $160. In other words, the technical indicator Relative Strength Index (14) is suggesting a sideways movement for the market as the signal line moves in the same direction above 40-level.
Against Bitcoin, the Litecoin price is moving sideways, trading above the 9-day and 21-day moving averages within the channel. However, if the bulls attempt to gain momentum, the bears are likely to release a slight pressure on the market as the technical indicator Relative Strength Index (14) may cross above 50-level.
However, if the Litecoin price falls and faces the lower boundary of the channel, it may hit the nearest support at 2500 SAT. Any further negative movement could lower the price to the support level of 2200 SAT and below. In case of a rebound, the coin may stay above the moving averages to touch the nearest resistance level of 3000 SAT. If the bulls manage to stay well above this level, traders could see the coin reaching the potential resistance level of 3200 SAT and above.
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