Litecoin Price Prediction: LTC Crypto’s Rising Momentum inside this Wedge!

Litecoin price prediction suggests the increasing momentum of LTC crypto inside the rising wedge pattern over the daily chart.
LTC crypto is trading at 20, 50, 100 and 200-days Daily Moving Average.
The pair of LTC/BTC is at 0.004507 BTC with an intraday gain of 0.61%.

Litecoin price prediction suggests the upward momentum of LTC crypto inside the rising wedge pattern over the daily chart. LTC crypto is trading at the lower trendline of the rising wedge pattern and is trying to return towards the upper trendline. LTC investors need to wait for the token’s significant recovery over the daily price chart. The accumulation rate must be maintained for the token to surge towards the upper trendline over the daily price chart.

Litecoin’s estimated price is currently $77.3, and during the past day, it has increased in value by 0.58%. Trading volume has dropped by 17.22% during intraday trading. This shows that buyers are waiting for a dip before selling LTC.

According to the daily price chart’s rising wedge formation, the token has been climbing according to the Litecoin price prediction. The LTC cryptocurrency’s daily chart shows a thrilling roller coaster journey. To exit the rising wedge pattern, LTC must increase the volume change, which is now below average and must be increased. Meanwhile, LTC crypto is trading at 20, 50, 100 and 200-days Daily Moving Average.

Will Litecoin Price Maintain Itself above 20 EMA?

The LTC cryptocurrency is growing, according to technical indicators. The LTC cryptocurrency’s upward momentum is highlighted by the Relative Strength Index. The RSI is attempting to cross into overbought territory at 58. In the phase of consolidation, the MACD displays the LTC’s declining velocity. The MACD line is lower than the signal line following a negative crossover. LTC investors will have to wait until more purchasers enter the market and drive the token’s price up toward the higher level.

Conclusion

Litecoin price prediction suggests the upward momentum of LTC crypto inside the rising wedge pattern over the daily chart. LTC crypto is trading at the lower trendline of the rising wedge pattern and is trying to return towards the upper trendline. LTC investors need to wait for the token’s significant recovery over the daily price chart. To exit the rising wedge pattern, LTC must increase the volume change, which is now below average and must be increased. The MACD line is lower than the signal line following a negative crossover.

Technical Levels

Support Levels: $75.00 and $60.00

Resistance Levels: $80.00 and $85.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.