- Litecoin price prediction shows the crypto asset recently surged by over 15 percent to register a new all-time milestone.
- According to Litecoin’s 24-hour price movement, the crypto asset appears solid for further bullish momentum.
- The crypto asset is likely to experience a brief price retracement before embarking on a new upsurge towards the $420 mark.
- Key technical indicators show Litecoin is currently enjoying heightened interest among crypto investors.
According to Litecoin’s 24-hour price movement, it appears the crypto asset is currently faltering on its path to greatness but it is yet to come to a standstill. Having bypassed its all-time high, crypto investors appear to be expressing heightened interest in the crypto asset.
Litecoin Price Prediction: General price overview
On looking at Litecoin’s weekly price chart, you will notice that the crypto coin has managed to cut through the supply barrier that ranged from $215 to $305. This supply barrier was set up in 2018 and has been acting as a resistance region for Litecoin. However, due to the recent upsurge in bullish momentum, this region has now changed to become a critical support level. Although Litecoin is currently experiencing a price retracement that is pushing it towards the upper boundary of the former supply barrier, a major bull run is expected. Once Litecoin is done with the retracement, key indicators project it could surge upwards towards a new all-time high at around $430.