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- 1 Litecoin price prediction showcases the struggle of the LTC crypto in maintaining the upside trend over the charts.
- 2 LTC crypto has been trying to recover towards the 20, 50, 100 and 200-days Daily Moving Average
- 3 Trading volume must be increased for Litecoin cryptocurrency to sustain and remain in the recovery momentum.
Litecoin price prediction highlights the recovery phase of LTC crypto to reach the $100 recovery level. LTC crypto needs to maintain the accumulation rate of buyers to recover maximum towards the $100 mark. Meanwhile, some analysts also suggest the LTC crypto’s recovery towards the $100 mark in the favorable conditions.
Litecoin price was at $76.88 and has lost 0.72% of its market capitalization during the last 24-hour period. However, trading volume has surged around 13.66% during the intraday trading session. This demonstrates that buyers are still present in the trade to push LTC crypto. Volume to market cap ratio was at 0.0548.
Litecoin Price Prediction: Technical Indications
Litecoin price prediction showacses the struggle of LTC crypto to remain in the recovery phase over the charts. Litecoin price must surge with strong upward velocity to reach the resistance level of $80 the first milestone and then towards $90 second milestone to be at $100 mark.
However, trading volume is below average and needs to grow during the day’s trading session. LTC price has surged around 17.74% in the last six months with 9.83% year to date recovery.
Technical indicators suggest the downtrend momentum of Litecoin price over the daily time frame chart. Relative Strength Index (RSI) showcases the downside trend of LTC crypto. RSI was at 37 and is moving towards the oversold territory.
However, MACD exhibits the uptrend momentum of LTc cryptocurrency. The MACD line is moving towards the signal line for a positive crossover. Investors in Litecoin needs to wait for any directional change over the daily chart.
Summary
Litecoin price prediction highlights the recovery phase of LTC crypto to reach the $100 recovery level. LTC price must surge with strong upward velocity to reach the resistance level of $80 the first milestone and then towards $90 second milestone to be at $100 mark. Litecoin price has surged around 17.74% in the last six months with 9.83% year to date recovery. Investors in Litecoin needs to wait for any directional change over the daily chart.
Technical Levels
Resistance Levels: $80.00 and $84.15
Support Levels:$75.00 and $74.50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
