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

Hourly LTC/USD Price Chart
Hourly LTC/USD Price Chart

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.

BREAKING NEWS

Grayscale Stakes 32,000 ETH After US ETH Spot ETF Cleared to Stake — Yu Jin Links Move to ETH’s $3.8K→$4.7K Rally

On October 7, COINOTAG News published on-chain commentary from...

ETH Whale Sells 14,806.94 ETH for $67.54M Since Oct 3, Netting $10.82M While Holding 20,500 ETH on Aave

On-chain analyst Ai Auntie reported that an ETH whale...

Galaxy Digital-Linked Address Sends 4.943M ASTER ($10.18M) to Binance — Arkham Flags EOS Founder Link

On October 7, COINOTAG News reported that on-chain analyst...

$LINEA added to Coinbase roadmap

$LINEA added to Coinbase roadmap #LINEA

MICROSTRATEGY PURCHASED 0 BITCOINS BETWEEN SEPTEMBER 29 – OC

MICROSTRATEGY PURCHASED 0 BITCOINS BETWEEN SEPTEMBER 29 - OC
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img