The price of Litecoin (LTC) has risen above the 21-day SMA after rising above the $77 support. Price analysis by Coinidol.com.
Long-term outlook for the Litecoin price: bullish
The recovering altcoin is expected to rise to a high of $105, but will have to overcome an initial hurdle at $94. On the upside, Litecoin will return to its previous high of $105 if it clears the $94 resistance. The positive momentum will continue to the high of $110.
However, if buyers fail to clear the initial hurdle at $94, Litecoin will fall and remain in a range between $77 and $94. In the meantime, the altcoin is trading at $95.38 after its last rejection.
Litecoin rodiklių analizė
LTC’s price has risen above the moving average lines after initially being trapped between them. The benefit of a rising LTC price is that it stays above the moving average lines. The moving average lines are sloping upwards, which is consistent with the current trend.
Techniniai rodikliai
Pasipriešinimo lygis: 100 USD, 120 USD, 140 USD
Palaikymo lygis: 60 USD, 40 USD, 20 USD
Kas bus toliau „Litecoin“?
Litecoin has regained its positive momentum and is trading in the uptrend zone. The uptrend has stalled at the $94 resistance level. The price of the cryptocurrency is expected to move between $77 and $94, meaning the altcoin will return to the previous range defined by the moving average lines.
Atsisakymas. Ši analizė ir prognozė yra asmeninė autoriaus nuomonė ir nėra rekomendacija pirkti ar parduoti kriptovaliutą ir neturėtų būti vertinama kaip CoinIdol.com patvirtinimas. Prieš investuodami į fondus skaitytojai turėtų atlikti savo tyrimus.
Source: https://coinidol.com/litecoin-recovers-but-rejection/