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Litecoin price prediction: LTC not ready to move above the $400 mark

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  • Litecoin price is expected to move sideways around $350
  • LTC faces resistance at the $400 mark
  • The closest support level lies at $350

Litecoin price has broken above the $310 mark, and strong bullish momentum has carried the price to go past the $380 mark. LTC records an over 24 percent price hike across the last seven days showing steady bullish momentum. However, the sharp bullish activity leaves room for volatile movement for the Litecoin price.

The broader cryptocurrency market enjoys a bullish sentiment across the last seven days, with most major cryptocurrencies recording profits across the timeframe. Major Player includes Ripple’s XRP and ADA that record a 3.76 and a 6.26 percent increase, respectively. Meanwhile, Bitcoin and Ethereum record a 2.55 and a 9.25 percent hike.