LTC Price Prediction – April 4
LTC/USD is currently facing the ultimate breakout dilemma; would the breakout rally to $50 or a breakdown to $30?
Resistance levels: $50, $52, $54
Support levels: $30, $28, $26
LTC/USD has mainly underperformed since recovery was staged from the lows posted a few weeks ago. While the price crash has been devastating for traders, the LTC/USD recovery has not occurred compared to other major cryptocurrencies in the market. On the other hand, Litecoin only succeeded in testing the resistance at $43 without much success.
Meanwhile, at the time of writing, LTC/USD is trading at $40.37 where the intraday bullish action may close in this range but may likely test the resistance level of $41 before the end of trading today. The price is also moving above the 9-day and 21-day MAs whose breakout could be the … Read more