- Litecoin price prediction suggests a rise and seems to be preparing to reach $100.
- LTC price sustained above 50 and 200 day EMA showcase uptrend.
- Litecoin price gained momentum after the Bitcoin price broke the 30K mark.
Litecoin price prediction favors the bulls and suggests a rise in the coming months. Litecoin price seems to be gaining momentum and showing signs of range expansion after Bitcoin price broke $30K.
LTC price sustained above the 50 and 200 day EMA showcase positional trend is on the upward direction. LTC price recovered about 48% from its previous month low and successfully held the price above $90.00. Later, prices lacked the follow up momentum and entered into the narrow range of consolidation.
Litecoin price is trading at $95.94 with an intraday rise of 2.30% and 24 hour volume to market cap ratio is at 0.0987. The LTC/BTC pair is trading at 0.003186 with an intraday rise of 0.70%. The LTC price with USDT pair is sustaining above both the important EMA. However, the LTC price with the BTC pair trading below both the EMA indicates divergence.
At the beginning of March, Litecoin price dropped below the important support of $90.00 and began to decline by forming lower lows. It almost lost all the gains generated in the past two months and hit a low at $65.00.
Will Litecoin Price Expand Above $100?
Litecoin price gave a sharp bounce from $65.00 and witnessed a massive spike in the buying volume. It showed some genuine investors taking the fall as an opportunity to accumulate LTC crypto at lower levels. Later, prices continued to rise and regained $90.00.
Presently, Litecoin price is trying to break the monthly high at $98.37 and if buyers succeed, the price might easily expand above $100. On the other hand, if price faces rejection, then $90.00 and $80.00 will act as strong support zones for bullish traders.
LTC Price Near 10 Months High
LTC price is forming a bullish continuation pattern and trading near the 10 months high. The volume bar decline indicates that the probability of sharp up-move or down-move is low. However, prices might continue to rise with low momentum.
Technical indicators like MACD had generated a positive crossover indicating bullishness and buyers are more active as compared to sellers. The RSI at 61 sloping north denotes the strength of bulls and more upside is open for bullish traders.
Conclusion
Litecoin price prediction remains bullish for the long term and suggests a rise in the coming months. LTC price has recovered its previous losses and is trading near the 10 month high. Technical analysis suggests, Litecoin crypto price is in bulls grip and probability of $100 breakout remains high.
Technical levels
Resistance levels : $105.00 and $114.00
Support levels : $77.00 and $65.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.