LTC/USD jumped above $142 on Wednesday last week, with the price of Litecoin rising rapidly and moving beyond Bitcoin’s price as the “silver to Bitcoin’s gold.” The coin has continued to move up, with the price reaching the $160 mark just a few hours ago.
Litecoin (LTC) is moving higher today today, one day after the first of two major milestones was crossed. With a market cap of over $500 billion, one LTC is worth more than a quarter of a trillion dollars, yet it’s available for purchase for a few dollars. While there is no shortage of new investors to the cryptocurrency, the bullish trend for Litecoin appears to be coming to a close in the near term.
On Thursday, March 15, the Litecoin price surged above $142 and traded above $150 before pulling back to $137. This comes after a period of volatility where the price dropped as low as $125, spurred by a sharp increase in the Bitcoin price. The latest price action in line with the trend seen in recent weeks.. Read more about litecoin price prediction 2025 and let us know what you think.
- Above the $140 price of Litecoin, resistance may be seen.
- As the market continues to exhibit a positive trend, a price increase is anticipated.
- At the $139.89 resistance level, there is strong support.
As the Litecoin price seems to leap above the $139 level, the market appears to be exhibiting a pretty strong bullish trend. If we look at the trend, the market price has been steadily increasing over the last several hours, as shown by the green candlesticks, suggesting bullish momentum. The LTC/USD pair has yet to break over the $140 barrier. The LTC/USD price is attempting to set a new benchmark above the $140.21 barrier in order to surpass its previous high.
Analysis of the Litecoin price: The one-day price chart indicates a positive trend.
The one-day Litecoin price analysis shows bullish candles, indicating that the bulls have taken control of the market. The candle chart’s movement is always upwards, forming a short-term trend line in the positive direction. The apparent average is $139.89 if we look at the Bollinger band area.
When we look at the Moving average indicator, we can see that $139.96 is the resistance level. Furthermore, the Bollinger’s band’s upper and lower levels are set at $140.18 and $139.61, respectively.
1-day chart of the Litecoin price Source TradingView
One of the most important indicators in bitcoin chart analysis is the Relative Strength Index (RSI). The one-day Litecoin price chart’s RSI score is $66.82, which is a pretty excellent number. This is because it demonstrates a buyer’s propensity by pushing the RSI level over the overbought limit.
LTC/USD 4-hour chart: LTC is likely to find upward channel support.
According to the Bollinger’s band, the four-hour Litecoin price study shows rising volatility. This is a good sign for purchasers since the selling price is rising, which adds to the bullish momentum. If we look at the four-hour chart, we can see that the resistance level is still 140.04.
While the Bollinger’s band’s levels are such that the higher point is $147.32 and the lower point is $134.59, the Bollinger’s band’s levels are such that the upper point is $147.32 and the lower point is $134.59. The price has reached a green candlestick, indicating a bullish trend. In the meanwhile, the Bollinger’s band’s volatility is rising in favor of the Litecoin price.
4-hour chart of Litecoin TradingView is the source of this information.
The RSI score on the four-hour price chart is 50.23, which is a positive indication for LTC buyers. It’s an average RSI score that’s anticipated to climb over the overbought threshold, boosting the price of Litecoin. However, the moving average in this chart indicates a significant resistance level of $138.24.
When it comes to the indications, four are located at the selling point and 12 are located at the purchasing point, out of a total of 26. When it comes to moving average indicators, 11 are in the buying condition and three are in the selling state, indicating that the value of Litecoin is increasing. One oscillator is in the selling and purchasing positions, while the other nine oscillators are in the neutral position.
Conclusion of the Litecoin Price Analysis
To summarize the situation, the Litecoin price is gradually increasing in a positive trend as more and more sellers approach the market. $140.82 is the resistance level, while $134.6 is the support level.
If the current positive trend continues, the Litecoin price has a good probability of rising over $147, which is the current high point. If it continues to go below the support level, the market may see a drop in the price of Litecoin.
Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.
Litecoin is now in the top 10 cryptocurrencies in terms of market cap, with prices above $100 for the first time in over a year. In the last 24 hours, the price rose from $98.95 to $101.56, and just yesterday, Litecoin had the second-largest market cap behind Bitcoin.. Read more about litecoin price usd and let us know what you think.
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