{"id":318306,"date":"2022-02-06T15:35:55","date_gmt":"2022-02-06T20:35:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=318306"},"modified":"2023-06-20T11:26:52","modified_gmt":"2023-06-20T11:26:52","slug":"litecoin-price-prediction-ltc-usd-rebounds-as-the-price-faces-130-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-rebounds-as-the-price-faces-130-level","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Rebounds as the Price Faces $130 Level"},"content":{"rendered":"

Litecoin Price Prediction – February 6<\/strong><\/p>\n

The Litecoin price prediction sees a 1.68% price increase over the past 24 hours of trading as the cryptocurrency touches $127.<\/p>\n

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

Key Levels:<\/p>\n

Resistance levels: $160, $170, $180<\/p>\n

Support levels: $75, $65, $55<\/p>\n

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

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

LTC\/USD<\/a> gains a 1.68% price rise over the past 24 hours of trading as the cryptocurrency bounces from $120.66 to $127.92 resistance level. The Litecoin may face the upside as the red-line of the 9-day MA crosses above the green-line of the 21-day MA. At the time of writing, the movement is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) moving above 50-level.<\/p>\n

Litecoin Price Prediction: Litecoin (LTC) Ready for a Spike above $130 Level<\/h2>\n

The Litecoin price<\/a> may need to rise above $130 if the buyers keep the price above the 9-day and 21-day moving averages. On the contrary, traders may consider the market as bearish if the sellers take the market movement to the lower side.<\/p>\n

However, towards the upside, the first level of resistance lies at $140, while the potential resistance levels lie at $160, $170, and $180. Moreover, if the sellers push the price beneath the lower boundary of the channel, traders may expect supports to be located at $75, 65, and $55 while the technical indicator RSI (14) faces the north to give more bullish signals.<\/p>\n

Compared with Bitcoin, LTC is trading within the 9-day and 21-day moving averages. The Litecoin price is likely to cross above the 21-day moving average. From the above, the nearest resistance level is likely to touch 3200 SAT. Above this, higher resistance lies at 3400 SAT and above.<\/p>\n

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

On the other hand, if the selling pressure creates a fresh low, lower support may be found at 2500 SAT and below. The technical indicator Relative Strength Index (14) moves around 45-level, which shows that the market may be preparing for an uptrend.<\/p>\n

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