Litecoin (LTC) Price Analysis for March 31

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Buyers are not going to give up, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap


The rate of Litecoin (LTC) has increased by 0.60%.

LTC/USD chart by TradingView

On the local chart, the price is about to break the resistance at $90.15. If that happens, the accumulated strength might be enough for a move to test the $92 zone.

LTC/USD chart by TradingView

On the daily time frame, the rate of Litecoin (LTC) has not decided yet which way to move as the price is trading in the middle of the channel, between the support at $85.58 and the resistance at $94.54.

In this regard, ongoing consolidation in the area of $85-$95 is the more likely scenario for the next few days.

LTC/USD chart by TradingView

A better situation can be seen on the weekly chart, as the price is located closer to the resistance than to the support. If the rate can fix in the range of $90-$100, there is a chance to see a breakout, followed by a blast to the $110 mark.

Litecoin is trading at $89.29 at press time.

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