Litecoin Price Prediction – March 22
The Litecoin worth prediction reveals that LTC is transferring bullishly with a acquire of 5.05%, because the coin prepares to cross above the channel.
LTC/USD Market
Key Levels:
Resistance ranges: $150, $160, $170
Support ranges: $90, $80, $70
LTC/USD is seen buying and selling within the inexperienced on the time of writing because the coin is prepared to cross above the higher boundary of the channel with a acquire of 5.08%. According to the every day chart, the candle formation is at the moment respecting the upward motion however crossing under the 9-day and 21-day transferring averages may place the market worth in direction of the south because the closest help degree is situated across the $100 degree.
Litecoin Price Prediction: Litecoin Price May Spike to the Upside
The Litecoin worth is at the moment above the 9-day and 21-day transferring averages. Meanwhile, a rise above this barrier might set off intense shopping for to the resistance ranges of $150, $160, and $170. On the opposite, the Litecoin worth could possible maintain a help degree at $110 which might be the every day low. Therefore, if the Litecoin worth drops under this help degree, it might possible hit the closest help at $100.
Meanwhile, the essential help after this might be situated round $90, $80, and $70 ranges if the promoting quantity retains growing. More so, the technical indicator Relative Strength Index (14) reveals that the market could acquire extra upwards if the sign line retains transferring above 60-level.
When in contrast with Bitcoin, the patrons are pushing the coin above the 9-day and 21-day transferring averages. Meanwhile, from the upside, the closest degree of resistance lies above the higher boundary of the channel at 3200 SAT and above because the technical indicator Relative Strength Index (14) crosses above 60-level.
Looking on the draw back; the closest degree of help is 2500 SAT, if the value drops additional to create a brand new low, decrease help might be discovered at 2400 SAT and under. In addition, if the 9-day MA crosses under the 21-day MA, this might imply that the market could stay on the draw back.
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