Prediction of Litecoin's Price - November 29
If the market is able to rise above $220, the Litecoin price prediction could be a bullish run.
LTC/USD Market
Key Levels:
Resistance levels: $240 - $250, $260 -
Support levels: $160, $150, $140
Daily Chart - LTCUSD
Buy Litecoin Now LTC/USD is currently moving towards $205 and a price increase of 1.75%. The bullish trend within the channel is causing Litecoin to continue to rise, despite the fact that it has been recording some gains. Traders can expect that the price will continue to climb as long as bulls are putting more pressure on it.
Litecoin Price Prediction: Litecoin (LTC) Looks To Be Bouncing Back
The market price could slide towards the lower limit of the channel if the Litecoin prices remain below the 9-day moving mean. If the price is moving towards the 9 and 21-day moving mean, traders could expect a bullish continuation to the 9-day moving mean. The technical indicator Relative strength Index (14) is moving towards 50-level. Long-term resistance levels may be at $240 and $250.
If the bullish movement continues for the next few days, traders might see more of it reaching higher levels. LTC/USD is still below the 9-day, 21-day moving averages. A bearish extension could bring the coin back to $160, $150, and $140 levels.
Comparing to Bitcoin, Litecoin is still trading below the 9-day or 21-day moving averages. If a trend is reversed, it will be necessary to increase volume and resist the market. Litecoin (LTC), currently trades around the 3550 SAT. Traders can expect support at the 4000 SAT or below.
LTCBTC Daily Chart
If a bullish movement occurs above the 9 day moving average to reach the nearest resistance at 3800 SAT, we can confirm a bull-run. The nearest resistance is at 4000 SAT, and higher if the technical indicator Relative Strength Index (14) moves over 45-level. This suggests a bullish move.
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By: Azeez Mustapha
Title: Litecoin Price Prediction: LTC/USD May Touch $220 Resistance
Sourced From: insidebitcoins.com/news/litecoin-price-prediction-ltc-usd-may-touch-220-resistance
Published Date: Mon, 29 Nov 2021 19:10:03 +0000
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