Litecoin Price Prediction – LTC/USD Slides to $153 Support

Litecoin Price Prediction – September 20

The Litecoin price prediction shows LTC approaching the $150 support as bearish signals are still widespread.

LTC/USD Market

Key Levels:

Resistance levels: $195, $205, $215

Support levels: $135, $125, $115

LTC/USD is now bearish as the price tested and printed below $160 to touch the low of $153.49 support level. The Litecoin price remains below the 9-day and 21-day moving averages as the coin heads toward the support level of $150. Looking at the technical indicator, the Relative Strength Index (14) is likely to cross below 40-level and $150 may now be the main level of support that needs to be watched.

Litecoin Price Prediction: Litecoin Price Not Yet Ready for The Upside

The Litecoin price begins today’s trading without any rise after which the bears grabbed the price and dragging it below the point where it touches the daily low of $153.49 support level. With this decline, the coin may not be able to maintain its effectiveness before showing signs of a downtrend.

However, the intraday movement of the coin is quite unstable, but starting at $150, a rebound may likely occur, and if the bulls could strengthen the market and push the Litecoin price to cross above the 9-day and 21-day moving averages, LTC/USD may likely reach the potential resistances at $195, $205, and $215 but on the contrary, the continuation of the bearish movement could push the market below the lower boundary of the channel to hit the supports at $135, $125, and $115 respectively.

Against Bitcoin, the Litecoin price is trading at the downside at the time of writing. Recently, the coin slides below the lower boundary of the channel. and staying below the channel may likely push the coin towards the support level at 3300 SAT and below.

However, any attempt by the bulls to push the Litecoin price above the 9-day and 21-day moving averages may likely find the potential resistance level of 4000 SAT and above. Meanwhile, looking at the daily chart, the price of Litecoin is currently changing hands at 3650 SAT and the coin may range-bound as the technical indicator Relative Strength index (14) moves to cross below 40-level, suggesting a bearish movement.

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