LTC Price Prediction – July 27
The Litecoin marks an intraday bullish move as the coin trades around an imminent price area at $54.
Resistance levels: $60, $65, $70
Support levels: $45, $40, $35
LTC/USD is currently showing a positive movement over the past few days. The market is actually running a little retracement move towards $56 with a growth of 13.19%. Aside from today’s gain, Litecoin (LTC) is still maintaining an upward movement within the ascending channel. We can expect the price to continue to rise as soon as the bulls put more pressure on the market.
However, if the market price can keep respecting the upward movement, then, traders may expect a bullish continuation after testing the $50 support level. As the technical indicator reveals within the daily chart, the RSI (14) signal line is moving into the overbought region, … Read more