spot_imgspot_imgspot_img

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
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.

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

spot_imgspot_imgspot_imgspot_img

Latest News

What Happens If Bitcoin Crashes? Renowned Author Robert Kiyosaki Explains!

Entrepreneur and renowned author Kiyosaki shared his thoughts on the potential collapse of Bitcoin within the community.

Bitcoin Price Hovers Around $51,000: Latest Data from Spot Bitcoin ETF Market!

While the stagnation in Bitcoin's price continues, inflows into the spot Bitcoin ETF market persist; the latest data!

Purpose Investments Selling Bitcoin: Will Selling Pressure Build Up?

A sale is observed in BTC assets under Canadian investment firm Purpose's Purpose Bitcoin ETF: Latest data!

Bitwise Announces Massive Adoption of Spot Bitcoin ETF by Leading Investment Firm!

Bitwise has announced that Bitwise Bitcoin ETF has been adopted by an investment management firm with over $100 billion in assets.

US Senator Cynthia Lummis Supports Bitcoin Miners!

Following the recent moves by Bitcoin miners in the US, Senator Cynthia Lummis has decided to support Bitcoin miners.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.