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Litecoin price prediction: LTC rebounds after failing to reach $120

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  • LTC has regained some of the loss seen yesterday.
  • Litecoin currently trades at $139.
  • Closest resistance around 61.8 percent Fibonacci level at $150.

Litecoin price prediction for today is bullish as the market continued to rebound after a strong sell-off yesterday. Litecoin currently trades at $139 on Coinbase.

Litecoin price prediction: LTC rebounds after failing to reach $120 1

Cryptocurrency heat map by Coin360

The overall crypto market has recovered from the bearish momentum that was seen earlier. Most altcoins are in the green, with the main one, Ethereum, gaining 5 percent as it looks to retest the $1,400 resistance.

Litecoin Price Prediction: LTC to move lower once again?

LTC/USD opened at $129.65 after the price nearly hit the $120 support, set as a target in our previous Litecoin price prediction. Since then, Litecoin has moved higher and trades above $135 support once again.

The analyst believes Litecoin is bullish short-term as it needs to further retrace some of the loss seen earlier this week. However, once the retracement is completed, Litecoin movement should be bearish once again.

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Litecoin price movement in the last 24 hours

Litecoin has traded in a range of $123.65 – $141.02 with a volume of $8.9 billion during the past 24 hours as it saw increased volatility. A sharp bearish wave towards $120 support created panic in the market. However, LTC/USD peaked at $121 and saw a clear rejection of further upside.

Litecoin Price Prediction

Litecoin price chart by TradingView

LTC/USD 4-hour chart – Litecoin to retrace some of the loss before continuing drop?

Litecoin saw a quick bounce after a strong bearish impulse over the past days. As mentioned in today’s Litecoin trend analysis, LTC continues to struggle for further upside. Therefore, the analyst expects further downside this week.

Currently, LTC/USD should continue its retracement towards the $150 area. The $150 area is crucial as it has several critical technical levels around it:

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  1. The 61.8 Fibonacci retracement currently stands just below at $149.19.
  2. The 50 and 100 moving averages are located at $145.5 and $151.3, respectively.
  3. A minor resistance level around $153 has additional potential to hold Litecoin in place.

Litecoin could be an excellent opportunity for a short position if the $150 area of resistance is respected and rejected clearly. From there on, the next target to the downside is seen around $100.

The $100 price mark is crucial as it is both a psychologically significant number and strong previous support. Additionally, when measuring the previous bearish impulse for Litecoin, the $100 area is in line with the 50 percent Fibonacci extension level.

The current failure of Litecoin to reach the $120 support shouldn’t be taken as a sign that the market is ready to resume its mid-term bullish momentum. Both a lower high and a higher low has been set over the past week. Therefore, Litecoin might see a much longer reversal for the coming weeks.

Therefore, traders should wait as the market should continue to retrace some more. Once the $150 area is reached, Litecoin should offer an excellent short position entry.

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Litecoin Price Prediction: conclusion  

Litecoin price prediction for today is bullish. However, it is a short-term prediction. For the remainder of January, the analyst expects further downside towards the previously mentioned $100 area.

Alternatively, if Litecoin manages to break above the $150 area powerfully, the current mid-term bullish momentum should continue. However, a new higher high needs to be set first above the $166 level, where Litecoin previously reversed to the downside.

Overall the conclusion is bullish for the upcoming 24 hours, and bearish for the remaining week.

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For further reading, see our latest news on Bitcoin miners suffering from scarcity of Chips or check our latest guide on why Ethereum Gas Price is so high?

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Litecoin price analysis: Bulls continue to lead as LTC finds recovery at $186

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  • The price has resettled at $186.26.
  • Litecoin price analysis shows bullish trend.
  • Support is evidently strong at $147.02.

The bulls have been ruling the price charts for the past few weeks and even today a rise in price has been reported. The price is again at the $186.26 level, as the bulls were able to make a successful comeback in the last 24-hours. Although a noticeable drop in price occurred earlier, the bulls have been able to recover and have managed to take the price above $186 yet again. The price may increase further in the upcoming hours as well, which is highly motivating for buyers.

LTC/USD 1-day price chart: Bulls battle bearish momentum to retain control

The one-day Litecoin price analysis is dictating an increase in price as the bullish momentum has been revived. Although the price underwent a decline recently, today’s trend has again been supportive towards the bulls. Overall, an upswing has been observed over the past few weeks and today the price moved up to $186.3 level. The price is still standing above the moving average indicator’s (MA) value i.e. $180.9.

A crossover between SMA 20 and SMA 50 had been recorded in the prior weeks as well which further confirms the bullish lead. The Bollinger bands Indicator is indicating the following values; the upper value is $197.65 whereas the lower value is $147.02. The RSI score is balancing itself at 58.92 for the day.

Litecoin price analysis: Price bounces back to $186.3 after overcoming loss

The four hours Litecoin price analysis is showing signs of bullish activity as an increase in price has been detected. The price levels are now touching $186.3 after the bullish momentum was recovered. A downward trend had been following for the past few hours, but the bulls have been able to return back. The price is still standing below the moving average level i.e. $187.61 because of the previous drop.

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Litecoin price analysis: Bulls continue to lead as LTC finds recovery at $186 2
LTC/USD 4-hours price chart. Source: TradingView

The Bollinger bands average is currently found at the $185.31 level. Whereas the upper Bollinger band is standing at $192.5 level and the lower Bollinger band is standing at $178.13 level. The RSI score is 54.77 which is considered a quite neutral position. Nonetheless, the bulls have been able to stabilize price at $186 for now.

Litecoin price analysis: Bulls continue to lead as LTC finds recovery at $186 3
LTC/USD technical indicators chart. Source: TradingView

From a general overview, the coin value has undergone major improvement during the period of the last two weeks. This is why the technical indicators chart for LTC/USD is going bullish with 14 indicators on the buying side, eight indicators on the neutral side, and only four indicators on the selling side.

The moving averages indicator is providing support for the buyers as well with a strong bullish signal. There are 12 indicators currently maintaining the buying position, while two indicators are on selling position and one is on neutral position. The Oscillators are showing neutrality with seven oscillators on the neutral level, and two indicators each on selling and buying levels.

Litecoin price analysis conclusion

The one-day and four hours Litecoin price analysis is confirming an increase in the price as the bullish momentum has been revitalized. The price is now balanced at $186.3 after undergoing a significant decline earlier. Chances of improvement are increasing for the buyers as the hourly prediction is giving an upper hand to the bulls as well.

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Litecoin Forecast and Analysis October 18 — 22, 2021

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Litecoin LTC/USD ends the trading week at 190.30 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 135.55. Where can we expect a rebound again and an attempt to raise the value of Litecoin with a potential target above the level of 315.05.

Litecoin Forecast and Analysis October 18 — 22, 2021

An additional signal in favor of raising the LTC/USD quotes in the current trading week October 18 — 22, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the Litecoin digital asset will be a fall in price and a breakdown of the 95.05 area. This will indicate a breakdown of support and a continued fall in the LTC/USD rate below 35.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 265.05.

Litecoin Forecast and Analysis October 18 — 22, 2021

Litecoin Forecast and Analysis October 18 — 22, 2021 implies an attempt to test the support area near the 135.55 level. Then, continued growth to the area above the level of 315.05. An additional signal in favor of Litecoin’s rise will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 95.05 area. This will indicate a continued decline in cryptocurrency with a target below 35.05.

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LTC Price Analysis: LTCUSDT Shows Bullish Recovery As it Marks its Tenth-Year Milestone

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Litecoin is currently ranked the fifteenth cryptocurrency by market cap as it marks its tenth-year milestone in the crypto space. LTC holders generally do not see the tenth anniversary to be worth celebrating as their beloved crypto-asset gets dominated by Bitcoin BTC and underperform compared to other altcoins.

Litecoin LTCBTC Monthly Chart


The LTCBTC chart above highlights a bearish trend with the Bitcoin holders seeing more gains compared to LTC holders.

All attempts by LTC bulls against the BTC are to no avail as the price fails to close above a significant resistance, even with a consecutive bullish divergence in June and October ’21. We’ll need to see a price break above 0.007220 for confidence in a general price recovery for the LTCBTC.

However, the LTCUSDT is still promising with bullish recovery signals from the higher time frame, all the way down to the intraday charts. Read on as we uncover the significant chart patterns and price levels driving the LTCUSDT crypto pair.

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Litecoin LTCUSDT Weekly Chart

The Litecoin price maintains a bullish outlook even after the market-wide price plunge on 10 May ’21, as the relative strength index trade above level-25 since 27 July ’20.

A recent bear-trap candlestick pattern on 27 September ’21 brings hope to LTC holders who have seen stunted returns and recovery compared to BTC and other ALT coins.

Litecoin LTCBTC Daily Chart

The 28 September bullish divergence on the daily chart above supports the bear-trap candlestick pattern on the weekly time frame, forcing the LTC price into an upbeat trajectory as old resistance [$187.00] of 24 September are now switched into support.

Bullish momentum at press time forced the LTC price above the 07 October high [$187.0] with a projected target at $240.00.

Litecoin LTCUSDT 4 Hr Chart

The regular bullish divergence support on 12 October ’21 08:00 fixed the LTC support level at $166.30 and advanced further to break the 14 October ’21 00:00 bearish divergence resistance, and flipping it into a new support level. 

Although the RSI confirms a new uptrend at press time, the RSI values could drop below level-75, forcing a correction of the LTC exchange rate. The upward trend should persist as long as the RSI does not drop below level-25.

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Litecoin LTC Intraday Levels

  • Spot rate: 189.0
  • Mid–Term Trend [H4]: Strong Bullish
  • Volatility: High
  • Support: $166.30 and $180.90
  • Resistance: $193.00

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