Litecoin Price Prediction: Bullish Break To $120 Still In Sight

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,121,584,155,708	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,121,584,155,708

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,204.37	-2.07%	57,033.36	57,028.48	57,033.29

Price Change

Price Change %

Current Price

Bid Price

Offer

-1,204.37

-2.07%

57,033.36

57,028.48

57,033.29

High Price	Low Price	Open Price	Prev. Close	52 Week Range
58,526.89	56,903.79	58,384.58	58,237.73	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

58,526.89

56,903.79

58,384.58

58,237.73

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:58:17	0.000042	57,033.36	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:58:17

0.000042

57,033.36

USD

Price x Volume	Volume	Base Symbol	Related Pairs
74,946,618.51	1,300.72	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

74,946,618.51

1,300.72

Litecoin Price Prediction: Bullish Break To $120 Still In Sight

30/01/2023 5:41am

NEWSBTC

Litecoin price extended its increase above the $90 zone against the US Dollar. LTC is rising and might attempt a fresh rally above the $100 resistance. Litecoin started a fresh increase above the $90 zone against the US Dollar. The price is now trading above $90 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $89.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could start another rally if there is a clear move above the $100 resistance. Litecoin Price Outperforms Bitcoin This past week, litecoin price formed a support base above the $85 level against the US Dollar. LTC price started a steady increase above the $90 resistance zone, outperforming bitcoin and ethereum. The bulls were able to push the price above the $95 resistance. A new yearly high was formed near $97.72 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the $86.98 swing low to $97.72 high. Litecoin price is now trading above $90 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $89.50 on the 4-hours chart of the LTC/USD pair. Source: LTCUSD on TradingView.com On the upside, an immediate resistance is near the $97.75 level. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $108 and $115 levels. Any more gains might send ltc price towards the $120 resistance zone. Dips Limited in LTC? If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. An initial support on the downside is near the $92.50 level. The first major support is forming near the $90 level or the 76.4% Fib retracement level of the recent increase from the $86.98 swing low to $97.72 high or the trend line. Any further losses may perhaps send the price towards the $85 support. Technical indicators: 4-hours MACD – The MACD is slowly losing pace in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is above the 50 level. Major Support Levels – $92.50 followed by $90.00. Major Resistance Levels – $97.75 and $100.00.

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