“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

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

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.