![]() ![]() Therefore, if LTC/USD pair decides to stay under the control of the bulls, the price may spike to the potential resistance levels at $320, $325, and $330. Meanwhile, with the look of things, traders can see that the trading volume is rising heavily. Moreover, the market is currently displaying a sign of subduing volatility with price ready to stay above the upper boundary of the channel. Similarly, the Litecoin (LTC) might further look for higher price levels if the bulls continue to show commitment. ![]() The price is now roaming around the $290.55 level but if the market continues the surge and squeeze the $310 resistance level is likely to surface in the next few positive moves. Looking at the daily chart, the Litecoin price retreats back after touching the daily high of $302. Litecoin Price Prediction: Litecoin (LTC) Could Target $400 Level The Litecoin price is seen posting gains of over 10% in the last 24 hours, trading above the 9-day and 21-day moving averages at a price of $290.55 while the technical indicator Relative Strength Index moves within the overbought region. We might be correcting a little bit more but after such a heavy correction, as it has been doing here, the Bitcoin pair shows a period where we could be starting to have a reversal.Īnd as you know, December is often a beautiful period for altcoins.During the European session today, after LTC/USD touches the low of $254.18 on the daily chart, the coin needs to experience a much-needed break to the positive side. Van de Poppe highlights that Litecoin tends to ignite rallies at the start of the year as seen in Q1 of 2015 and the first quarters of 2017 to 2020.Īnother coin on the trader’s list is Cosmos, a project dubbed as “the internet of blockchains.” According to Van de Poppe, Cosmos may be at the end of its corrective move against Bitcoin (ATOM/BTC) as it finds support at 0.00041 BTC ($23.65). And when we go back in history and we create such a higher low, it is an argument to start running.Īnd back in history, we also know that in the first quarter of the year, Litecoin does really well.” “Even Litecoin might be a great one at this point as we are seeking for a higher low to be taking place. ![]()
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