- Litecoin along with the king of altcoins remains in the ‘buy phase’
- LTC/USD trades with grounded support from the short-term daily moving averages
- Litecoin has the major resistance area around $64, above which the coin is anticipated to trade bullishly
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Litecoin against US Dollar trades in the price range of $59–$64, as per the data feed from Coinbase. LTC seems to have a lesser impact on volatility in comparison to Bitcoin overall. LTC/USD trades slightly above the nearest support that is built at a $60 price level.
Litecoin Price Prediction
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As per the above half-hourly movement of Litecoin over the past 2 days, we see that initial break down below the lower Bollinger band, which took the LTC price to $60.33 from trading as high as $64.2. It formed the first bottom when the pair traded after a 6% dip. Immediately, it consolidated to trade at $62.58 the next major resistance before $64, although lacked the break above the upper Bollinger Band. It was just yesterday when the price trend again broke the lower Bollinger Band to form the second bottom at $59.60, after which it had a double top around $61. The narrowing of the bands in the said duration has not been seen until the time of writing. The trend at present is quite subtle and shows no sign of a harsh breakout any sooner.
The MACD of Litecoin is slightly above zero with a bullish crossover as the MACD line takes over the signal line.
And, the RSI of the LTC coin is at 52, showing no extremities of being inclined to 30 currently. However, check on Litecoin Price Prediction to know what will happen next in the LTC price.
