Litecoin Price Prediction: LTC/USD Could Stay Above $100 Resistance

Litecoin Price Prediction – March 8

The Litecoin price prediction could set a bullish run if the market can keep the coin above the resistance level of $100.

LTC/USD Market

Key Levels:

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Resistance levels: $125, $135, $145

Support levels: $75, $65, $55

Litecoin Price Prediction
LTCUSD – Daily Chart

LTC/USD is running a little retracement move above $100 with price growth of 3.90%. For the fact that the coin is recording some gain, the Litecoin price may follow a sideways movement within the channel if the coin crosses above the 9-day and 21-day moving averages. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.

Litecoin Price Prediction: Litecoin (LTC) May Move Upside

The Litecoin price is hovering towards the moving averages at around $102.19. If the price begins to create a bullish movement, traders can then expect a bullish continuation towards the upper boundary of the channel. Meanwhile, as the technical indicator Relative Strength Index (14) is crossing above 40-level, the possible resistance levels could be found at $125, $135, and $145 in the long term.

However, if the coin follows the bullish movement for the next couple of days, traders may witness more of it to reach higher levels. Meanwhile, the Litecoin price is trying to create a bullish movement in the short term. On the contrary, any bearish movement towards the south could roll the coin back to the long-term support at $75, $65, and $55 levels.

Against Bitcoin, Litecoin continues to follow the sideways movement but trading below the 9-day and 21-day moving averages. However, with the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market.  At the moment, Litecoin (LTC) is trading around the 2623 SAT. Therefore, traders can expect close support at 2200 SAT and below.

LTCBTC – Daily Chart

However, if a bullish move pushes the price above the moving averages; traders can, then confirm a bull-run for the coin. Moreover, the closest resistance could be located at 3000 SAT and above as the technical indicator Relative Strength Index (14) moves to cross 40-level, suggesting bullish movement.

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