Litecoin Price Prediction: LTC Rally Could Extend To $120

Name	Symbol	Market	Market Cap ($)	Algorithm
Litecoin	LTCUSD	Crypto	5,894,070,582	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Litecoin

LTCUSD

Crypto

5,894,070,582

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.040	0.05%	79.45	79.46	79.47

Price Change

Price Change %

Current Price

Bid Price

Offer

0.040

0.05%

79.45

79.46

79.47

High Price	Low Price	Open Price	Prev. Close	52 Week Range
79.84	78.40	79.42	79.41	57.64 - 114.98

High Price

Low Price

Open Price

Prev. Close

52 Week Range

79.84

78.40

79.42

79.41

57.64 - 114.98

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:34:56	0.455063	79.45	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:34:56

0.455063

79.45

USD

Price x Volume	Volume	Base Symbol	Related Pairs
2,428,104.41	30,684.05	LTC	LTCEUR	LTCGBP	LTCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

2,428,104.41

30,684.05

Litecoin Price Prediction: LTC Rally Could Extend To $120

01/04/2024 5:58am

NEWSBTC

Litecoin price is up over 10% and trading above $105 against the US Dollar. LTC could continue to rise toward the $120 resistance zone in the near term. Litecoin is showing positive signs from the $95 support zone against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $101.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could continue to rise toward the $120 level unless it breaks the $100 support. Litecoin Price Gains Bullish Momentum In the past couple of days, Litecoin gained pace and outperformed Bitcoin and Ethereum. LTC price formed a base above the $80 level and started a decent increase. There was a break above the $88 and $95 resistance levels. The bulls even pushed the price above $100. There was a clear move above the 76.4% Fib retracement level of the downward move from the $105.71 swing high to the $77.00 low. A new multi-week high was formed at $112.49 and the price is now consolidating gains. top near $68.40 before it started a fresh decline. Litecoin is now trading above $10 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $101.50 on the 4-hour chart of the LTC/USD pair. On the upside, immediate resistance is near the $112.50 zone. It is near the 1.236 Fib extension level of the downward move from the $105.71 swing high to the $77.00 low. The next major resistance is near the $115 level. If there is a clear break above the $115 resistance, the price could start another strong increase. Source: LTCUSD on TradingView.com In the stated case, the price is likely to continue higher toward the $120 and $122 levels. Any more gains might send LTC’s price toward the $132 resistance zone. Are Dips Supported in LTC? If Litecoin price fails to clear the $105 resistance level, there could be a downside correction. Initial support on the downside is near the $105 level. The next major support is forming near the $100 level, below which there is a risk of a move toward the $95 support. Any further losses may perhaps send the price toward the $88 support. Technical indicators: 4-hour MACD – The MACD is now gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI for LTC/USD is above the 65 level. Major Support Levels – $105 followed by $100. Major Resistance Levels – $115 and $120.

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LTCUSD Litecoin