Is Litecoin (LTC) Starting a $75 Rise? August 27 LTC Analysis

• The $64.83 support level stands out as an important level in Litecoin’s hourly chart.
• Stable closes above $67 could target $69, otherwise, there may be pullbacks.
• Looking at the daily chart, there has been an upward movement supported by buying from the $62-$59 support range. Sustainability in this range could be decisive for targets at $71 and then $75.

Examining LTC’s hourly technical chart, it can be seen that price movements continue above the $64.83 support level. The price appears to be intending to rise towards the $67 level. However, if stability cannot be maintained, there may be pullbacks.

Medium-Term LTC Analysis

Daily LTC/USD Price Chart

Examining Litecoin’s daily technical chart, it can be seen that it has risen with strong buying reactions from the important support range of $62-$59. With this rise, the Litecoin price reached levels of $65.60.

If the LTC price remains above the $62-$59 support range, it may intend to continue its upward movement. In this case, the first target could be $71, followed by $75. However, in order to surpass $75, it needs to achieve daily closes above $71 first.

If Litecoin price achieves 2 daily closes above $75, its next target could be $81. However, if it fails to surpass the $75 resistance, it may extend the downtrend back to the $62-$59 support range. If the LTC price achieves daily closes below $59, it may extend its decline to $50.

Short-Term LTC Price Analysis

Examining Litecoin’s hourly technical chart, it can be seen that price movements continue above the $64.83 support level. In this case, Litecoin price may aim to continue its rise towards the $67 level.

If the LTC price achieves hourly closes above $67, we can consider $69 as the next target. However, if stability cannot be maintained above $67, the price may pull back to the $64.83 level.

If the LTC price achieves hourly closes below the $64.83 support, it may extend its decline to levels around $63.51.