Litecoin’s Potential for Growth: Analysis and Opportunities!

  • Litecoin (LTC) is moving near an important support level and the $76 level is playing a decisive role.
  • If the LTC price makes daily candlestick closes above the $76 level, it has the potential to rise to the $84 levels.
  • If the LTC price manages to hold onto the support range of $70 – $66, it can start a new uptrend and raise the price again.

When examining Litecoin’s daily technical chart, it can be seen that it is moving near an important support level and certain price levels play a critical role.

Support Levels and Price Prediction

Daily LTC/USD Price Chart

When examining Litecoin’s daily technical chart, it can be seen that it is moving near an important support level.

If the LTC price makes daily candlestick closes above the $76 level mentioned in the analysis, the uptrend movement may continue up to $84 levels.

However, if LTC makes daily candlestick closes below the $76 level, it may move towards the support range of $70 – $66 as a downside target.

LTC price can start an uptrend movement from the support range of $70 – $66 and continue the uptrend again if it manages to hold onto this range.

Do Indicators Indicate an Uptrend for LTC?

When looking at what the indicators say for LTC, it can be seen that the RSI is moving at the 33 levels on the daily timeframe.

For example, when LTC’s RSI fell to these levels on May 8th, it started a 25% uptrend movement and rose to the $97 levels.

However, if the LTC price cannot make an uptrend movement from the bottom levels of RSI, the downtrend movement can continue up to the 20 levels of RSI.

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

BREAKING NEWS

Litecoin Spot ETF Approval Predicted at 95% by End of 2025, Bloomberg Analyst Forecasts

On July 1st, Bloomberg ETF analyst James Seyffart provided...

Tesla Shares Plunge Over 7% After Trump Calls for Government Probe into Musk’s Subsidies

On July 1, Tesla (TSLA.O) experienced a significant decline,...

Elon Musk Faces Scrutiny Over Government Subsidies Amid Trump’s Criticism and Doge Debate

On July 1st, Elon Musk publicly addressed former President...

Trump Criticizes Elon Musk Over Electric Vehicle Subsidies and Calls for Doge to Investigate

On July 1, former President Trump highlighted that Elon...

ETH Whale Scores $12.47M Floating Profit with 50,000 ETH Short Position at 10x Leverage

As of July 1st, data from HyperInsight reveals that...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img