LTC Price Prediction – July 18
In the opening hours of the day, Litecoin price touches $43 after several days of downtrends.
Resistance levels: $46, $48, $50
Support levels: $38, $36, $34
LTC/USD bulls have overcome the bears above the $40 support as the Litecoin bulls have survived the downward threat after breaking above the $41. But if the price can cross above the 9-day and 21-day moving averages, the upward movement will be confirmed by the bulls. Meanwhile, buyers have a second hurdle to jump over if the upside range trading should commence.
As the market continues its upward move, the bulls have to break the $44 resistance to begin its upside range trading. However, LTC/USD could rise and begin its fluctuation between $43 and $44, if buyers are successful over the $45 resistance. A break above this resistance level may … Read more