Author Topic: Litecoin Price Prediction: Long-term (LTC) Value Forecast – June 15  (Read 883 times)

Offline BitcoinExchangeGuide

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LTC/USD Long-term Trend: Bullish

•   Resistance Levels: $120, $140, $160
•   Support levels: $110, $80, $60

The LTC/USD pair is in the bullish trend zone.  The LTC market had earlier traded in a sideways trend.  On April 3, the LTC made an upward move but were resisted at the upper price level.  The price retraced to the support of the $80 price level and commenced a sideways trend.  On May 11, the LTC market resumed a bullish trend.

The crypto’s price is making a series of higher highs and higher lows.  The crypto’s price retraced to the support of 12-day EMA at the $100 and $120 price levels but the bulls continue their upward move to the higher price levels.  Presently, the crypto’s price is facing resistance at the $135 price level.  From the Fibonacci retracement level, the price is at the 0. 236 (23. 6%) Fib.  retracement.

On the upside, the LTC price is likely to rise because the price is in the continuation zone of the 0. 236 (23. 6%) and 0. 382 (38. 2%) Fib.  retracement levels.  In addition, if the bulls overcome the $135 resistance level, the price would reach a high of $150 or $160 price level.  Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide. com and do not constitute financial advice.  Always do your own research.

Source: https://bitcoinexchangeguide. com


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