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LTC/USD Touches $187 Level, After Defending $173 Support

Litecoin Price Prediction – October 7

The Litecoin value settles above the 9-day and 21-day shifting averages because the Relative Strength Index (14) strikes to cross 60-level.

LTC/USD Market

Key Levels:

Resistance ranges: $200, $210, $220

Support ranges: $155, $145, $135

LTCUSD – Daily Chart

At the time of writing, LTC/USD is seen hovering above the 9-day and 21-day shifting averages because the coin has been following an uptrend because the starting of this month, due to this fact, with this motion, the coin would possibly stay on the upside. Today, an early buying and selling session touches $187 degree earlier than retreating to the place it is buying and selling at $178.19.

Litecoin Price Prediction: Litecoin (LTC) May Spike to $190 Resistance

As the Litecoin value stays above the 9-day and 21-day shifting averages, if the resistance of $180 provides method, the bull-run might come to focus and it might be prolonged above the resistance degree of $190. At the second, the bullish state of affairs appears extra dominant as patrons proceed to put up agency commitments into the market. For the previous few days, we might see a pointy rise available in the market value and if the coin stays above the $180 degree, this might additional strengthen the market to $200, $210, and $220 resistance ranges.

On the opposite, a bearish motion might doubtless push the coin to retest the earlier help under the shifting averages and if the bears handle to gas the market, merchants might anticipate an additional drop to $155, $145, and $135 help ranges. In different phrases, the Relative Strength Index (14) is now shifting in direction of 60-level, indicating that the market might retain the bullish pattern.

When compares with Bitcoin, the Litecoin value is nonetheless under the 9-day and 21-day shifting averages regardless of touching the every day excessive of 3433 SAT. However, Litecoin value might expertise one other drop if it crosses under the decrease boundary of the channel. Breaking under this barrier might take the worth to the crucial help degree at 3000 SAT and 2800 SAT.

LTCBTC – Daily Chart

Presently, the Litecoin value is buying and selling at 3323 SAT, if the bulls can maintain the worth because it is and transfer the market above the 9-day MA, the subsequent key resistance degree may very well be discovered at 3500 SAT and this would possibly take the worth to the potential resistance ranges of 3600 SAT and 3800 SAT. Presently, the technical indicator Relative Strength Index (14) strikes to cross above 40-level, suggesting a bullish motion.

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