Litecoin Price Prediction: Long-term (LTC) Value Forecast – June 15
LTC/USD
Long-term Trend: Bullish
·
Resistance Levels: $120, $140, $160
·
Support levels: $110, $80, $60
The LTC/USD pair
is in the bullish trend zone. The LTC market had earlier traded in a sideways
trend. On April 3, the LTC made an upward move but were resisted at the upper
price level. The price retraced to the support of the $80 price level and
commenced a sideways trend. On May 11, the LTC market resumed a bullish trend.
The crypto’s price is making
a series of higher highs and higher lows. The crypto’s price retraced to the
support of 12-day EMA at the $100 and $120 price levels but the bulls continue
their upward move to the higher price levels. Presently, the crypto’s price is
facing resistance at the $135 price level. From the Fibonacci retracement
level, the price is at the 0.236 (23.6%) Fib. retracement.
On the
upside, the LTC price is likely to rise because the price is in the
continuation zone of the 0.236 (23.6%) and 0.382 (38.2%) Fib. retracement
levels. In addition, if the bulls overcome the $135 resistance level, the price
would reach a high of $150 or $160 price level. Meanwhile, the MACD line and
the signal line are above the zero line which indicates a buy signal.
The views and opinions expressed
here do not reflect that of BitcoinExchangeGuide.com and do not constitute
financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
Share on Facebook Share on Twitter Share on Google+
Please Sign in or Sign Up to post comments