Litecoin Price Prediction – March 18
The Litecoin worth prediction sees a 1.74% worth improve over the previous 24 hours of buying and selling because the cryptocurrency touches a $112 excessive.
Resistance ranges: $140, $150, $160
Support ranges: $80, $70, $60
LTC/USD positive aspects a 1.74% worth rise over the previous 24 hours of buying and selling because the cryptocurrency bounces from $107.79 to $112.18 resistance degree. The Litecoin might face the upside because the red-line of the 9-day MA might cross above the green-line of the 21-day MA. At the time of writing, the motion is shifting again into the bullish favor, with the technical indicator Relative Strength Index (14) shifting above 50-level.
Litecoin Price Prediction: Litecoin (LTC) Ready for a Spike
The Litecoin worth might have to rise above $120 if the consumers hold the worth above the 9-day and 21-day shifting averages. On the opposite, merchants might think about the market as bearish if the sellers convey the market motion to the decrease facet.
However, on the upside, the primary degree of resistance could possibly be discovered at $125, whereas the potential resistance ranges lie at $140, $150, and $160. Moreover, if the sellers push the worth in direction of the decrease boundary of the channel, merchants might count on helps to be situated at $80, 70, and $60 whereas the technical indicator Relative Strength Index (14) faces the north to give extra bullish alerts.
Compared with Bitcoin, LTC is possible to cross under the 9-day and 21-day shifting averages because the coin heads to the south. The Litecoin worth heads to the south because the coin prepares to create a brand new low throughout the market. From the above, the closest resistance degree could possibly be discovered at 3000 SAT. Above this, increased resistance is situated at 3200 SAT and above.
On the opposite, if the promoting strain creates a recent low throughout the market, decrease help might come at 2200 SAT and under. However, the technical indicator Relative Strength Index (14) strikes under 50-level, which reveals that the market could also be getting ready for a downtrend.
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