Litecoin Price Prediction: LTC Could Surge 10% If It Clears This Resistance

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,802,839,452	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,802,839,452

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.002326	1.93%	0.122644	0.122644	0.122662

Price Change

Price Change %

Current Price

Bid Price

Offer

0.002326

1.93%

0.122644

0.122662

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.123362	0.120003	0.120318	0.120318	0.064588 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.123362

0.120003

0.120318

0.064588 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	22:56:17	83.59	0.122644	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

22:56:17

83.59

0.122644

USD

Price x Volume	Volume	Base Symbol	Related Pairs
168,508.88	1,378,082.64	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

168,508.88

1,378,082.64

Litecoin Price Prediction: LTC Could Surge 10% If It Clears This Resistance

23/05/2023 6:39am

NEWSBTC

Litecoin price is attempting an upside break above $93 against the US Dollar. LTC could rally if it clears the $93 and $95 resistance levels. Litecoin is slowly moving higher toward $95 against the US Dollar. The price is now trading above $90 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $92.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could rally toward the $100 and $105 levels. Litecoin Price Eyes Upside Break After a steady increase, Litecoin’s price struggled near the $95 resistance against the US Dollar. LTC price started a downside correction and traded below the $92 level. The price tested the 23.6% Fib retracement level of the upward move from the $5.26 swing low to the $95.00 high. However, the bulls seem to be protecting a downside break, unlike Bitcoin and Ethereum. Litecoin is now consolidating above the $90 level. It is trading above $90 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $92.50 on the 4-hour chart of the LTC/USD pair. Source: LTCUSD on TradingView.com On the upside, immediate resistance is near the $93 zone. The next major resistance is near the $95 level. If there is a clear break above the $95 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $100 and $105 levels. Any more gains might send LTC’s price toward the $112 resistance zone. Fresh Decline in LTC? If Litecoin price fails to clear the $95 resistance level, there could be a fresh decline. Initial support on the downside is near the $91 level and the triangle lower trend line. The next major support is forming near the $85 level or the 50% Fib retracement level of the upward move from the $5.26 swing low to the $95.00 high, below which there is a risk of a move toward the $80 support. Any further losses may perhaps send the price toward the $75 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 50 level. Major Support Levels – $91.00 followed by $85.00. Major Resistance Levels – $93.00 and $95.00.

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