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.

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

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

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.

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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.
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