“If Litecoin Cannot Break This Level, It Could Start Its Decline!”

  • Litecoin has been performing well for the past 3 days.
  • Litecoin has seen an 8% increase since March 30th.
  • Resistance and support levels that Litecoin investors should know.

Medium-Term Litecoin Price Analysis!

Litecoin/USD 9 Hourly Chart Source: TradingView

Litecoin/USD 9 Hourly Chart Source: TradingView

When we examine the 9-hour price chart of Litecoin, we see that it is moving close to an important resistance area. If the Litecoin price cannot make daily candlestick closes above the resistance area at $95.55, it may start its downward movement from this area.

When we examine the Litecoin price in a broad time frame, it has seen a 17% increase since March 22nd and continues its trend movement.

If the Litecoin price cannot make daily candlestick closes above the $95.55 level, it may realize its downward movement towards the $88 level.

Especially with Bitcoin, it is possible to see downward movements in the LTC price towards support areas. However, if LTC closes above the mentioned resistance area, it may want to realize its increase up to the $103 level.

Short-Term Litecoin Price Analysis!

LTC/USD 2 Hourly Price Chart Source: TradingView

LTC/USD 2 Hourly Price Chart Source: TradingView

When we examine the 2-hour price chart of Litecoin, it is moving close to a critical resistance area. If the Litecoin price cannot make candlestick closes above the $94.76 level, it may start its downward movement from this area.

As long as the Litecoin price stays above the mentioned resistance level in the analysis, it will want to clear the liquidity at the $96 level. If the LTC price makes candlestick closes above the $96 level, it may continue its upward trend up to the $100 level.

If Litecoin cannot break the mentioned resistance area, it may want to realize its downward movement towards the $90.29 level.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

OpenLedger Officially Listed on Binance Alpha & Gate, Surges 668.5% to 1.742 USDT — AI Blockchain to Monetize Data and Models

OpenLedger, an Artificial Intelligence Blockchain, debuted on major venues...

Binance Wallet Launches AI-Powered Trading Signals to Spot BNB Smart Money and Sentiment Moves

According to official sources, Binance Wallet has launched a...

Ethereum Whale Awakens After 4 Years — Moves 47,507 ETH ($2.07B) to Four New Wallets, 2,900 ETH Sent to Tornado.Cash

According to LookIntoChain monitoring, whale address 0x67f7 has reactivated...

SEC ACKNOWLEDGES FILING FOR CANARY SPOT STAKED SEI ETF

SEC ACKNOWLEDGES FILING FOR CANARY SPOT STAKED SEI ETF $SEI...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img