The Litecoin price escalates but a break above $240 is expected to pull the coin towards $250 in the coming trading sessions.
LTC/USD Market
Key Levels:
Resistance levels: $320, $340, $360
Support levels: $210, $190, $170
LTCUSD – Daily Chart
LTC/USD is seen at the resistance level of $272.92 in early hours after reaching a daily high of $275.17. This could easily pave the way for returns in excess of $280 and in excess of $300. Therefore, the markets will prove that the bullish grips develop when the technical indicator RSI(14) crosses over 60 levels.
What would Litecoin expect? (LTC)
The Litecoin actually maintains a higher level than the moving average of 9 and 24 days after a significant $271.60 rebound. It demonstrates that traders will continue to be at the top of the market trend and quickly pushing the coin into future $320, $340, and $360 resilience. That is, if the purchase operation does not exceed $280, then instead LTC/USD will decide to consolidate itself.
Any breakout over the top of the channel, however, continues to influence the price. In addition, it is time purchasers gained confidence in the recovery because $300 is still feasible. There are, then, support levels of $210, $190, and $170 if the birds put the coin below the moving average.
The LTC price is higher than the 9-day and 21-day average against Bitcoin as the 9-day MA is ready to cross below the 21-day MA. In the meantime the trader could expect long-term bullish movement when the market price eventually stays above average movements.
LTCBTC – Daily Chart
Any bizarre movement to the lower channel boundaries may be highly supported at 4 200 SAT before dropping into and below 4000 SAT, while buyers would have to drive the market to the possible resistance at 5500 SAT and above because the RSI (14) is likely to cross over 60 levels to produce more sparkling signals.
