- In the LTC daily chart, it can sustain its rise up to $119 with daily candle closes above $105.
- The most critical support level is $89.44, and LTC may want to stay above this level.
- If it cannot break the $105 resistance, it may experience a drop down to $77.
When examining the daily chart of LTC, it is observed that daily candle closes above $105 can carry the rise up to $119, and the support level of $89.44 is an important point. However, if the $105 resistance cannot be broken, there is a possibility of further decline.
Medium-Term LTC Analysis
Daily LTC/USD Price Chart
When examining the daily technical chart of Litecoin, it is observed that it can sustain its upward movement up to $119 with daily candle closes above the $105 level. However, for LTC to achieve its rise to $119 levels, it needs to make daily closes above the $105 level.
On the other hand, the most critical support zone for Litecoin is at $89.44. LTC may want to continue its upward trend by holding above the $89.44 support.
If Litecoin cannot break the $105 resistance, it can initiate a downward movement and reach levels as low as $77. Therefore, LTC investors should carefully monitor the $105 resistance.
Short-Term LTC Analysis
2-Hour LTC/USD Price Chart
When examining the 2-hour technical chart of Litecoin, it can be seen that it has experienced an upward movement as we mentioned in our short-term technical analysis yesterday. The LTC analysis shared on our website has provided our readers with a gain of more than 7%.
Click Here to Review the LTC Analysis We Shared Yesterday.
When examining the short-term technical chart of Litecoin, it is observed that there is a potential to continue the upward trend with 2-hour candle closes above the $92.16 level. As long as the LTC price stays above the $92 support, it can expand its upward movement towards $102.
In addition, if Litecoin can hold above $95 in the 30-minute time frame, it can sustain its rise up to $99.50. However, if LTC makes 30-minute candle closes below $95, it can extend the downward movement to $92.
If Litecoin achieves 2-hour candle closes above the $103 level, it can continue its rise towards $108.
