Litecoin (LTC) price has been rising after breaking through the $64 level. On November 23, Litecoin reached a high of $83, but fell below the resistance of $80.
Long-term forecast for the litecoin price: bullish
Last week, Litecoin price fluctuated below the high of $80. If buyers can break through the resistance of $80, the market will rise to a high of $100. However, the market was overbought near the last high. Litecoin’s price could fall if it is rejected in the overbought region. The altcoin will first fall to the break level of $64. At the time of writing, one Litecoin is worth $76.71.
Analiza pokazatelja Litecoin
Litecoin is currently at level 64 on the Relative Strength Index. While the market is overbought, the cryptocurrency is still trading in the bullish trend zone. The fact that the moving average lines are higher than the price bars suggests that the cryptocurrency price will continue to rise.
Tehnički pokazatelji
Nivoi otpora: 140, 180, 220 i XNUMX dolara
Nivoi podrške: 100 USD, 60 USD, 20 USD
Koji je sljedeći korak za Litecoin?
Litecoin’s price is in an uptrend. Currently, the upward momentum is slowed down by the $80 high. In the uptrend from November 24, a retracement candlestick tested the 61.8% Fibonacci retracement level. The retracement suggests that LTC will rise to the Fibonacci extension level of 1.618 or $97.02. Currently, Litecoin’s uptrend is slowed down by the $80 high.
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Source: https://coinidol.com/litecoin-threatens-fall-64/