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LTC/USD Drops to Retest $121 Support

Litecoin Price Prediction – March 25

According to the day by day chart, the Litecoin value prediction could also be on the lookout for assist at $120 the place the market is probably to present a rebound.

LTC/USD Market

Key Levels:

Resistance ranges: $150, $160, $170

Support ranges: $90, $80, $70

Litecoin Price Prediction
LTCUSD – Daily Chart

For the previous few days, the day by day motion of LTC/USD has been spectacular because the coin strikes tremendously above the 9-day and 21-day transferring averages. Therefore, if Litecoin (LTC) improves within the final hours of the day, the intraday merchants could anticipate a optimistic shut above the opening value of $126 degree. At the time of writing, the technical indicators inside the channel are specializing in the upside, indicating extra bullish actions for the coin.

Litecoin Price Prediction: Where is the Litecoin Price Going Next?

The day by day chart reveals that the Litecoin value could start to expertise a downtrend if the coin falls beneath the assist on the $120 degree. Therefore, merchants can anticipate extra assist at $110 after which adopted with added important helps at $90, $80, and $70 under the 9-day and 21-day transferring averages.

On the upside, if the bulls step again into the market, LTC/USD could hit the closest resistance at $130 and $140 which is above the higher boundary of the channel, increased resistance ranges could also be positioned at $150, $160, and $170. However, the sign line of Relative Strength Index (14) strikes to cross under 60-level which reveals that sellers could come again into the market.

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Against Bitcoin, the day by day chart reveals that LTC is sliding under the opening value of 2875 SAT. However, the sellers are seen posing extra menace to the closest assist degree of 2800 SAT. Meanwhile, an eventual break under the 9-day and 21-day transferring averages could probably lead to the collapse of the coin.

LTCBTC – Daily Chart

However, because the technical indicator Relative Strength Index (14) nosedives under 50-level, any additional bearish continuation may hit the most important assist at 2500 SAT earlier than falling to 2300 SAT and under. But if the patrons may return the value above the higher boundary of the channel, LTC/BTC could probably hit the potential resistance at 3300 SAT and above.

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