Litecoin Price Prediction: LTC/USD Trade Reaches a Higher Resistance Spot ByAzeez MustaphaPRO INVESTOR Updated: 24 March 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Litecoin Trade Reaches a Higher Resistance Spot – March 23The LTC/USD market has been striving to push for a recovery as the crypto trade reaches a higher resistance spot that it is surging for more sustainable positive stances that could turn dicey. Price is now trading within the high of $124 and the low of $118 at a negative percentage rate of 2.22.Trade Strives, Making Recourses: LTC TradeKey Levels:Resistance levels: $125, $135, $145Support levels:$100,$90, $80LTC/USD – Daily ChartThe LTC/USD daily chart showcases the economic trade reaches a higher resistance spot as an indicator suggests extreme exhaustion of a rebounding motion. The 50-day SMA indicator is above the 14-day SMA indicator. The support baseline remains drawn at the $100 level. The Stochastic Oscillators are in the overbought region. And their lines are clogged together, moving in a consolidation manner to signify that an upward motion is relatively ongoing. Buy Bitcoin Now Will the LTC/USD market push for a reliable breakout at $125 as the trade reaches a higher resistance spot close? Unexpectedly, the LTC/USD market will push more for a reliable breakout at $125 as the trade reaches a higher resistance spot. At this point, long-position placers may have to suspend the launching of fresh order to avoid unnecessary whipsawed by a potential correction around the value-line in no time. It would be technically an idea that some degree of pull-downs has to emerge to give another round of build support on a particular level before considering a buying position.On the downside of the technical analysis, the LTC/USD market short-position placers have to continue to watch out for active correctional movements to surface from the area of resistance trading spot around the trend line of the 50-day SMA to observe a sell entry. Traders may have to exercise some degrees of patience toward getting a shorter amount of variant candlesticks to form a convergence around the $125 level before having shorting positions afterward. LTC/BTC Price Analysis In comparison, Litecoin has experienced a line of upsurges against Bitcoin in the bearish channel trend lines. The 50-day SMA indicator is above the 14-day SMA indicator. And they are enclosed within the bearish channels. The Stochastic Oscillators are in the overbought region, moving in a consolidation manner to indicate the base crypto is still somewhat pushing against the flagship counter crypto. A bearish candlestick is in the making closely beneath the trend line of the 50-day SMA trend line. The situation gives a warning sign against the momentum to the upside may soon be declining. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 68% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Litecoin How to buy cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage