LTC/USD Price Targets $70 Resistance

The Litecoin price prediction shows that LTC is changing hands at $69.19 as the Relative Strength Index (14) hovers around the 50-level.

Litecoin Price Statistics Data:

• Litecoin price now – $69.19
• Litecoin market cap – $4.9 billion
• Litecoin circulating supply – 71.9 million
• Litecoin total supply – 84 million
• Litecoin Coinmarketcap ranking – #14

LTC/USD Market

Key Levels:

Resistance levels: $85, $90, $95

Support levels: $55, $50, $45

LTC/USD is likely to create additional gains as the market price moves close to the resistance level of $70. At the time of writing, the Litecoin price breaks above the 9-day moving average, and could make a bullish cross above the 21-day moving average to touch the daily high at $75.

Litecoin Price Prediction: Litecoin (LTC) Ready to Gain More

According to the daily chart, the Litecoin price followed a slight downward trend after the bullish rally failed to materialize above the $70 level. The bulls are stepping back into the market as they keep the coin above the 9-day moving average, therefore, a successful break above the $70 resistance might send the price toward the upper boundary of the channel, and this could hit the potential resistance levels of $85, $90, and $95 respectively.

Nonetheless, the daily chart reveals that LTC/USD may tend to move higher as the technical indicator moves to cross above the 50-level. However, if the buyers failed to push the market to the north, it may slump below the 9-day moving average, and crossing below the lower boundary of the channel could reach the support levels of $55, $50, and $45.

When compares with Bitcoin, the Litecoin price is attempting to cross above the 21-day moving average in other to reach the resistance at 4500 SAT. Unless this coin crosses above this barrier and the price face the upper boundary of the channel, there might not be any reason to expect a bullish reversal.

Therefore, any bearish movement below the lower boundary of the channel could refresh lows below the 9-day moving average, and a possible bearish continuation could meet the critical support at 3200 SAT and below. Moreover, the buyers may push the market above the 21-day moving average, which could hit the resistance at 5200 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) stays above the 50-level to confirm the bullish movement.

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