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LTC/USD Slips Below $200 Level

Litecoin Price Prediction – October 24

According to the day by day chart, the Litecoin value prediction could also be in search of assist at $180 the place the market is seemingly to rebound.

LTC/USD Market

Key Levels:

Resistance ranges: $215, $225, $235

Support ranges: $170, $160, $150

LTCUSD – Daily Chart

For the previous few days, LTC/USD has been following the bearish motion because the market value slides beneath the 9-day and 21-day shifting averages but when the Litecoin value improves within the final hours of the day, the intraday merchants might anticipate a optimistic shut above the opening value of $196 stage. At the time second, the sellers hold specializing in the draw back, suggesting extra bearish actions for the coin.

Litecoin Price Prediction: Litecoin Price May Fall More

As reveals by the day by day chart, the Litecoin value might proceed to expertise a downtrend if it continues to commerce beneath the 9-day shifting common and possibly cross beneath the 21-day shifting common. However, if the coin falls beneath the assist at $180, merchants might anticipate one other fall in direction of the assist ranges of $170, $160, and $150 respectively.

On the upside, if the bulls step again into the market, the Litecoin value in direction of the higher boundary of the channel as greater resistance ranges could possibly be situated at $215, $225, and $235. Nevertheless, the technical indicator Relative Strength Index (14) nosedives beneath 55-level which reveals that sellers might proceed to management the market motion.

Against Bitcoin, the day by day chart reveals that LTC stays on the draw back because the coin retreats from the day by day excessive of 3263 SAT. However, the sellers are seen posing extra risk to the closest assist stage of 3100 SAT. Meanwhile, an eventual break beneath the 9-day shifting common might lead the coin to achieve extra downtrends.

LTCBTC – Daily Chart

However, because the technical indicator Relative Strength Index (14) reveals, the sign line is seemingly to cross beneath 40-level. Therefore, any additional bearish motion may carry the coin to hit the vital assist at 2900 SAT and beneath. But if the patrons return the value again above the 21-day shifting common, LTC/BTC might seemingly attain the potential resistance at 3400 SAT and above.

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