Litecoin Price Prediction – March 22
The Litecoin price forecast shows LTC moving bullish with a gain of 5.05% as the coin prepares to cross above the channel.
Resistance Levels: $150, $160, $170
Support Levels: $90, $80, $70
LTCUSD – Daily Chart
LTC/USD is trading in the green at the time of writing as the coin is poised to cross the upper limit of the channel with a gain of 5.08%. According to the daily chart, the candle formation is currently respecting its upward movement, but crossing the 9-day and 21-day moving averages could position the market price south as the nearest support level is near the $100 level.
Litecoin Price Prediction: Litecoin Price May Rise to the Upside
Litecoin’s price is currently above the 9 and 21 day moving averages. Meanwhile, a rise above this barrier could lead to intense buying all the way to the $150, $160 and $170 resistance levels. On the contrary, Litecoin price could likely hit a $110 support level, which could be its daily low. Therefore, if Litecoin price drops below this support level, it could most likely reach the closest support at $100.
Meanwhile, the critical support could be around $90, $80 and $70 after this if sales volume continues to grow. What’s more, the Relative Strength Index (14) technical indicator shows that the market could gain more if the signal line continues to move above the 60 level.
Compared to Bitcoin, buyers are pushing the coin above the 9 and 21 day moving averages. Meanwhile, the closest resistance level from the top is above the channel’s upper bound at 3200 SAT and above as the Relative Strength Index (14) technical indicator crosses above the 60 level.
LTCBTC – Daily Chart
Looking at the flip side; the closest support level is 2500 SAT, if the price falls further to create a new low, a lower support can be found at 2400 SAT and below. In addition, if the 9-day MA moves below the 21-day MA, it could mean that the market remains at the bottom.
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