{"id":294599,"date":"2021-07-17T12:47:01","date_gmt":"2021-07-17T16:47:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=294599"},"modified":"2021-07-17T12:47:01","modified_gmt":"2021-07-17T16:47:01","slug":"litecoin-price-prediction-ltc-usd-corrects-below-120-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-corrects-below-120-support","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Corrects Below $120 Support"},"content":{"rendered":"

Litecoin Price Prediction – July 17<\/strong><\/p>\n

The Litecoin price keeps following a bearish movement within the channel as the coin aims to drop below $120.<\/p>\n

LTC\/USD Market<\/h2>\n

Key Levels:<\/p>\n

Resistance levels: $150, $160, $170<\/p>\n

Support levels: $95, $85, $75<\/p>\n

\"Litecoin<\/a>
LTCUSD – Daily Chart<\/figcaption><\/figure>\n

<\/p>

Buy Litecoin Now<\/span><\/a><\/div>\n

LTC\/USD<\/a> drops by over 0.24% over the past 24 hours of trading as the coin stays below the 9-day and 21-day moving averages to reach the daily low of $117.73 level. However, it seems that the bullish momentum is fading quickly as the technical indicator Relative Strength Index (14) plummets below 35-level. A break into the oversold zone may cause LTC\/USD to remain at the downside as the bears take control of the market momentum.<\/p>\n

Litecoin Price Prediction: Litecoin Price May Stay Below $120 Support<\/h2>\n

As the coin moves within the channel, in as much as the Litecoin price<\/a> fails to rally from current trading levels, the greater the chance traders may see the cryptocurrency falling to another trading low. Meanwhile, a break towards the lower boundary of the channel may provoke another decline towards the support levels of $95, $85, and $75.<\/p>\n

On the contrary, a break above the 9-day and 21-day moving averages may propel the Litecoin price to cross above the upper boundary of the channel which could push the coin to hit the potential resistance levels of $150, $160, and $170. Meanwhile, the Resistance Strength Index (14) is currently moving around 33-level, dropping below this level may cause the market to experience more downward trends.<\/p>\n

Against Bitcoin, the Litecoin price is following a bearish movement below the 9-day and 21-day moving averages. The cryptocurrency on the market cap is finding its way toward the downside because the market movement has remained clouded by more red candles.<\/p>\n

\"\"<\/a>
LTCBTC – Daily Chart<\/figcaption><\/figure>\n

However, the Relative Strength Index (14) nosedives below 40-level, a bearish continuation may likely roll the market to the support of 3600 SAT with a possible break towards the lower boundary of the channel. Therefore, a further decline could be at the support level of 3400 SAT and below, which may establish a new low for the market. Meanwhile, any bullish movement above the upper boundary of the channel could hit the resistance level of 4300 SAT and above.<\/p>\n

Looking to buy or trade Litecoin (LTC) now? Invest at eToro!<\/strong><\/p>\n

<\/p>

Buy Litecoin Now<\/span><\/a><\/div>\n

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Litecoin Price Prediction \u2013 July 17 The Litecoin price keeps following a bearish movement within the channel as the coin aims to drop below $120. 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