Prediction of Litecoin's Price - January 8,

The Litecoin price prediction indicates that LTC is able to maintain its position while the bulls want to defend the $130 support.

LTC/USD Market

Key Levels:

Resistance levels: $175 - $185 - $195

Support levels: $100, $90, $80

LTC/USD has been trading below the 21-day and 9-day moving Averages for the past 24 hours. However, the coin traded towards the 9 day moving average at $132.73 at the time.

Prediction of Litecoin's Price: Where will LTC price go next?

After touching $125.90 yesterday, the Litecoin price could retrace its decline in consolidation. To begin a move towards $135 resistance, the price is currently hovering at the $132 level. If the market continues to move upwards, the $150 resistance level will likely be rediscovered. The coin may continue to seek higher prices if bulls show more commitment.

The market is showing signs of subduing volatility and choppy price movement. The daily chart shows that the trading volume is slowly rising. This could be a sign that the bulls are looking to get back in the market. If LTC/USD decides not to be controlled by bears, then the price could fall below the channel's lower boundary to reach the support levels at $100, $90 and $80. However, the Relative Strength Index (14) faces north and may cross above 450 to reach potential resistance levels of $175, $185 and $195.

The Litecoin (LTC), which is a cryptocurrency, continues to be range-bound against Bitcoin. It moves within the 9-day- and 21-day moving medians. LTC/BTC will likely fall to the 3100 SAT support level as the critical support level is below the channel's lower boundary at 2800 SAT.

The bulls may attempt to re-power market by pushing the coin above the 9-day or 21-day moving averages in an attempt to reach the resistance level at 3800 SAT. The coin is currently trading at 3169 SAT. A spike in volatility may occur as the Relative Strength Index (14) moves towards the 50-level.

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By: Azeez Mustapha
Title: Litecoin Price Prediction: LTC/USD Braces up as Price Targets $140 Resistance
Sourced From: insidebitcoins.com/news/litecoin-price-prediction-ltc-usd-braces-up-as-price-targets-140-resistance
Published Date: Sat, 08 Jan 2022 08:08:07 +0000