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Litecoin Price Prediction – LTC/USD Slips to $157 Support

Litecoin Price Prediction
Litecoin Price Prediction

Litecoin Price Prediction – September 23

The Litecoin price prediction shows that LTC is seen moving towards $155 support as bearish signals remain within the market.

LTC/USD Market

Key Levels:

Resistance levels: $195, $205, $215

Support levels: $125, $115, $105

Litecoin Price Prediction
LTCUSD – Daily Chart

LTC/USD looks bearish as the price tested below $160 to hit the low of the support level at $157.26. The Litecoin price is also trading below the 9-day and 21-day moving averages within the channel. Looking at the daily indicator, the Relative Strength Index (14) is trading below the 45-level, so the support of $150 may now be the most important support level to watch.

Litecoin Price Prediction: Litecoin (LTC) Remains at the Downside

The Litecoin price starts trading with no increases today, after which the bears grabbed the price and pulled it below the point where it hit the daily low of $157.26. During this decline, the coin may not be able to maintain a bullish trend until it finishes the signs of a downtrend.

However, the intraday movement of the coin is quite volatile, but a rebound is likely to occur from $150, and if the bulls could bolster the market and push the price of Litecoin above the 9-day and 21-day moving averages. On the positive side, LTC/USD may likely hit the potential resistances at $195, $205, and $215, but on the contrary, the further bearish move could push the market below the lower boundary of the channel, which could locate the supports at $125, $115 and $105 respectively.

Against Bitcoin, the Litecoin price continues to move sideways for the past few weeks. Recently, the coin keeps moving below the 9-day and 21-day moving averages, and crossing below the lower boundary of the channel may likely hit the support level at 3300 SAT and below.

LTCBTC – Daily Chart

However, any attempt by the bulls to push the Litecoin price above the 9-day and 21-day MAs may likely find the potential resistance level of 4000 SAT and above. Looking at the daily chart, the price of Litecoin is currently changing hands at 3650 SAT and the coin may be limited to a range as long as the technical indicator Relative Strength Index (14) moves in the same direction.

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