spot_imgspot_imgspot_img

Litecoin Price Forecast: Will it Trigger a Rise to $80?

  • The $63.51 resistance level is critical in Litecoin’s 2-hour chart. Breaking this resistance could increase the upward potential.
  • In the 2-day chart, the range of $59 – $62 appears as support for Litecoin. The price staying within this range could be a positive sign for an upward movement.
  • If the LTC price falls below $59, the downward trend could strengthen and move towards lower support levels.
- Advertisement -spot_img

When examining Litecoin’s 2-day technical chart, it can be seen that the LTC price is moving horizontally near the support range of $62 – $59. If the price closes above $59 on a daily basis, it can continue the upward trend and targets could be $72 and then $75.

MEDIUM-TERM LTC ANALYSIS

2-Day LTC/USD Price Chart
2-Day LTC/USD Price Chart

When examining Litecoin’s 2-day technical chart, it can be seen that the LTC price is moving horizontally near the support range of $62 – $59. As long as the LTC price closes above $59 on a daily basis, it can maintain the upward trend, and the initial targets are observed to be $72 and then $75.

If the Litecoin price can close above $75 for 2 consecutive days, the next target will be $81. However, if the LTC price closes below the daily support of $59, there is a possibility of continuing the downward trend towards $55 and then $52 levels.

Finally, it is important to note that if the LTC price closes below $59 on a daily basis, it could extend the downward trend to $49.37.

SHORT-TERM LTC ANALYSIS

2-Hour LTC/USD Price Chart
2-Hour LTC/USD Price Chart

When examining Litecoin’s 2-hour technical chart, it can be observed that the LTC price is moving close to the $63.51 resistance level. If the LTC price can achieve 2-hour candle closes above $63.51, it can sustain the upward movement towards $64.83 and then $67.

However, if the LTC price fails to break the $63.51 resistance, it could extend the downward trend to $62.37 and then $61.69. Finally, if the Litecoin price can achieve 4-hour candle closes above $65, it could extend the upward target to $70.

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

Suggested Exchange

spot_imgspot_imgspot_imgspot_img

Latest News

2023 – 2032 Dogecoin Price Prediction: When Will DOGE Reach $1?

What is Dogecoin (DOGE)? Can the DOGE price reach the $1 target? Find out the price predictions for DOGE from 2023 to 2032 on COINOTAG!

Can Solana Maintain Its Price Above $20? Current SOL Analysis for September 29!

Solana's price is attempting to hold above the $20 resistance: What is SOL token's next price target? Here's the current price analysis!

PAID – Analysis of Current Bitcoin Market Trends on September 29

As of the latest data, the crypto market is witnessing specific trends and behaviors that merit analysis. This article delves into the key observations for September 29, shedding light on trading patterns and potential catalysts.

SEC Delays Multiple Spot Bitcoin ETF Applications!

In a series of recent decisions, the U.S. Securities and Exchange Commission (SEC) has delayed multiple spot Bitcoin ETF applications. This article provides insights into the delayed ETF filings, their significance, and the potential impact on the cryptocurrency market.

For XRP to Reach $1, It Needs to Break This Resistance! XRP Price Analysis for September 29!

XRP's price saw a significant increase in the last 24 hours and is now trading above the resistance level: What's the next price level?

PRO Analysis

Can Solana Maintain Its Price Above $20? Current SOL Analysis for September 29!

Solana's price is attempting to hold above the $20 resistance: What is SOL token's next price target? Here's the current price analysis!

PAID – Analysis of Current Bitcoin Market Trends on September 29

As of the latest data, the crypto market is witnessing specific trends and behaviors that merit analysis. This article delves into the key observations for September 29, shedding light on trading patterns and potential catalysts.

For XRP to Reach $1, It Needs to Break This Resistance! XRP Price Analysis for September 29!

XRP's price saw a significant increase in the last 24 hours and is now trading above the resistance level: What's the next price level?

Is the Next Target for Ethereum $1,700? Updated ETH Price Analysis for September 29!

Ethereum's price initiated a rapid upward movement with ETF news and surged above $1,650: Where's the next resistance level?

September 29 Bitcoin Price Analysis: Will BTC Hold Above $27,000?

In our updated Bitcoin price analysis for September 29, we've examined BTC's short, medium, and long-term outlook: Can Bitcoin hold above $27,000?
spot_imgspot_imgspot_imgspot_img
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

Can Solana Maintain Its Price Above $20? Current SOL Analysis for September 29!

Solana's price is attempting to hold above the $20 resistance: What is SOL token's next price target? Here's the current price analysis!

PAID – Analysis of Current Bitcoin Market Trends on September 29

As of the latest data, the crypto market is witnessing specific trends and behaviors that merit analysis. This article delves into the key observations for September 29, shedding light on trading patterns and potential catalysts.

For XRP to Reach $1, It Needs to Break This Resistance! XRP Price Analysis for September 29!

XRP's price saw a significant increase in the last 24 hours and is now trading above the resistance level: What's the next price level?

LEAVE A REPLY

Please enter your comment!
Please enter your name here