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LTC/USD May Spike Towards $130 Resistance

Litecoin Price Prediction – March 26

The Litecoin worth prediction manages to keep its place because the bulls keep the need to push the coin above the channel.

LTC/USD Market

Key Levels:

Resistance ranges: $150, $160, $170

Support ranges: $90, $80, $70

Litecoin Price Prediction
LTCUSD – Daily Chart

LTC/USD undergoes a much-needed break to the optimistic aspect because the market opens as we speak. The Litecoin worth is presently posting positive aspects of over 0.40% throughout the chart, with the coin aiming to cross above the higher boundary of the channel at $124.49.

Litecoin Price Prediction: Litecoin (LTC) Ready for The Upside

The Litecoin worth resumes again in the course of consolidation after a slight drop in the direction of the 9-day and 21-day shifting averages. In the meantime, if the market worth continues the surge and strikes towards the higher boundary of the channel, the $130 resistance degree is doubtless to come to play and the Litecoin worth could search for increased worth ranges if the bulls present dedication.

At the time of writing, the market shows an indication of subduing volatility with uneven worth motion. If the Litecoin worth decides to keep underneath the management of bears, the value could roll again to the earlier helps at $90, $80, and $70 under the shifting averages. But on the upside, merchants can anticipate the subsequent ranges of resistance at $150, $160, and $170. In addition, the technical indicator Relative Strength Index (14) is shifting above 60-level, which signifies that bullish motion could play out.

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Compared with Bitcoin, the Litecoin worth is seen crossing under the 9-day shifting common in different to attain the closest help at 2700 SAT. Unless the coin crosses above the higher boundary of the channel, and the value finally ends up closing above it, there may not be any motive to anticipate the long-term bullish reversal.

LTCBTC – Daily Chart

However, crossing under the shifting averages might refresh lows underneath 2500 SAT, and a potential bearish continuation could doubtless meet the vital help at 2300 SAT and under whereas the patrons could push the coin to the potential resistance degree of 3300 SAT and above because the technical indicator Relative Strength index (14) stays above 50-level, suggesting extra bullish alerts.

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