- Litecoin price is currently in an upside parallel channel and can soon hit a new high. It can soon reach beyond $200 in the future
- Technical indicators of LTC suggests a strong bullish momentum for the future. Meanwhile, LTC/BTC pair is an uptrend with a gain of 2.6% in the intraday session.
LTC coin price is currently observing a strong bullish momentum and can soon reach beyond $200 mark. Litecoin is currently trading near the value of $141 and has seen a gain of 3.5%. Litecoin has several similar properties to BTC and it is also called “Digital Silver”. It is currently down by more than 65% from its all time high of $412. The bullish momentum of LTC can see a halt near the value of $200.
Meanwhile, the support region of the coin price can be seen near $120. The asset price is currently trading above 50 and below 100 Daily Moving Average. The 50MA line is currently near the value of $137 making it a temporary support zone for the asset price.
The price can soon cross beyond 100MA for the new high. LTC has an ROI of more than 3700% which has always differentiated from other projects. LTC/BTC pair is also on an uptrend and can soon break the previous resistance created in the past.
Litecoin is currently ranked 13th in the CMC and has a market dominance of more than 0.6% . The volume of the LTC along with the market cap has seen an increase in the last few days. Volume to market capitalization ratio of the asset price is at 0.1743,suggesting a strong uptrend in the price.
LTC Coin Price Can Soon Cross The Barrier Of $200
The weekly technical chart of LTC suggests a bullish momentum for the price. While coming on to the daily chart the coin price has formed a rising upside channel. If the price continues to move in channel or break above it then a strong uptrend upto $200 can be seen . LTC/BTC pair can also observe a strong bullish momentum in the upcoming days
The volume indicator of the coin on the daily chart is near 429k, while hinting at a buying pressure. If the price jumps above $200 then a huge buying volume can be observed.
LTC coin price is currently in an uptrend and can soon see new highs. LTC/BTC pair can also accompany the gain in the future .