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Jocelyn Blake

Can Litecoin Price Rise? Critical Support Level!

Analysis
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  • Litecoin gained strength from the $75 support and saw levels of $82 again.
  • Which support and resistance levels should LTC investors follow?
  • Which resistance level should LTC price break to start a bullish movement?
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Will Litecoin continue to rise? Where are the critical support and resistance areas that LTC investors should follow? Current LTC Price Analysis!

Medium-Term Litecoin Price Analysis!

12 Hour LTC Price Chart Source: TradingView

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12 Hour LTC Price Chart Source: TradingView

When we examine the Litecoin price on the 12-hour price chart, it appears to be trying to gain strength from an important support level.

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If the LTC price continues to close daily candles above the $76 level mentioned in the analysis, it may want to realize the bullish movement to the $84.20 level mentioned in the analysis.

If the LTC price closes daily candles above the $84.20 level, it may continue the bullish trend and rise to levels of $88.

If the Litecoin price sees daily candle closes below the $75 level, the LTC price may experience a drop to levels of $70.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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