If Litecoin Breaks the Critical Resistance Level, What Will be its Target in Dollars?

  • Litecoin experienced a rise of over 2% today.
  • The volume of Litecoin decreased by 20% in the last 24 hours and fell to $535,804,834.
  • If Litecoin breaks the resistance zone at $96, where will its new target be?

Will Litecoin continue its upward movement? Important levels to follow for Litecoin investors! What will be the future of LTC?

Medium-Term Litecoin Price Analysis!

8 Hour LTC/USDT Price Chart Source: TradingView

When we examine the medium-term price chart of Litecoin, it continues its movement in an important resistance zone. If the Litecoin price cannot make daily candlestick closures above the resistance zone mentioned in the analysis, it may experience a decline starting from this zone and fall to the $82 level.

If the Litecoin price falls from this zone, the nearest support zone is at the $90 level. If Litecoin closes daily candlesticks below $90, it may fall to the $86 level.

If Litecoin makes daily candlestick closures above the $96 resistance zone, it can continue the upward trend up to the $99 level.

Litecoin (LTC) price may rise up to $110 if it stays above the $99 level for a long time and continues the upward trend.

Short-Term Litecoin Price Analysis!

1 Hour LTC/USD Price Chart Source: TradingView

When we examine the Litecoin price chart in a short time frame, if the LTC price cannot make candlestick closures above the 9-hour resistance zone, it may start the downward trend from this zone.

If the LTC price closes hourly candlesticks above $95.87, short confirmation can be sought from these levels with a stop loss order.

If Litecoin closes candlesticks below the $92 level, it may want to continue the downward trend. The nearest support for Litecoin in the short term can be followed as $93.41

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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