Litecoin Price Prediction – September 19
The Litecoin value prediction strikes under the shifting averages throughout the channel because the technical indicator reveals the following course.
LTC/USD Market
Key Levels:
Resistance ranges: $205, $215, $225
Support ranges: $150, $140, $130
LTC/USD is recording some losses on the time of penning this as the worth is now hovering round $177.75 the place it might keep under the 9-day and 21-day shifting averages. After the opening of right this moment’s buying and selling at $181, the Litecoin value strikes to contact the every day low of $175 help. Looking on the every day chart, it appears the Litecoin value could also be heading again in direction of the fast help stage of $170 under the shifting averages.
Litecoin Price Prediction: Litecoin Price May Retest $160 Support
As the coin strikes throughout the channel, in as a lot because the Litecoin value fails to drop from the present buying and selling stage, the merchants may even see the cryptocurrency falling to one other buying and selling low and a cross under the decrease boundary of the channel could provoke a dip decline in direction of the help ranges of $150, $140, and $130 ranges respectively. Meanwhile, the short-term technical evaluation reveals that the $175 and $170 ranges are presently the strongest types of technical help.
However, a break above the 21-day shifting common could trigger the Litecoin value to transfer in direction of the closest resistance stage of $200. Therefore, an extra bullish push might take LTC/USD to the resistance ranges of $205, $215, and $225. On the opposite, the Relative Strength Index (14) is presently going through the south because the sign line strikes under 50-level which can trigger the market to expertise extra downtrends.
When compares with Bitcoin, the Litecoin value is nonetheless following a bearish motion because the coin retains buying and selling under the 9-day and 21-day shifting averages. Meanwhile, because the every day chart reveals, the Litecoin value is probably to cross under the decrease boundary of the channel to affirm the bearish motion.
However, because the Relative Strength Index (14) reveals, the sign line is seen pointing to the draw back however a bullish transfer could probably push the market again to the resistance stage of 3800 SAT with a doable break above the 9-day and 21-day shifting averages. More so, any additional bullish motion above this barrier might hit the resistance stage of 4100 SAT and above. On the opposite, if the Litecoin value crosses under the decrease boundary of the channel, it might attain the help stage of 3400 SAT and under.
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