Litecoin

<ul><li>If LTC can close 4-hour candles above the level of $95.58, it may initiate an upward trend towards the target of $100.</li><li>However, if it fails to close daily above the resistance level of $93.66, LTC may extend its decline to the level of $89.</li><li>Investors may expect strong buying above the support level of $89.29.</li></ul>Litecoin’s current price chart shows the impact of certain levels. For Litecoin to continue its upward trend, it needs to surpass certain resistances; otherwise, the downward trend may strengthen.<h2 id="header-0">Short-Term LTC Analysis</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0599c9f5ade24a4db469306a7bd720e8.png" />4 Hour LTC/USD Price ChartWhen we examine Litecoin’s 4-hour price chart, we observe horizontal movements in the specified resistance zone.LTC price may continue its downward trend towards the range of $91.21 – $89.29 unless it manages to close 4-hour candles above the level of $95.58.However, if Litecoin is supported by strong buying from the specified support zone and stays above the level of $89.29, it may initiate an upward trend from this level towards the $100 levels.If LTC starts to rise without falling to the specified support zone and manages to close 4-hour candles above the level of $95.58, it will have initiated an upward trend towards the $100 levels.<h2 id="header-1">Medium-Term LTC Price Analysis</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0688afb6816e4b78ada012cc91b14883.png" />8 Hour LTC/USD ChartWhen we examine Litecoin’s medium-term price chart, we see that it initiated an upward movement from the spot buying zone we shared in our analysis on May 23 and provided our readers with a 15% gain.When we examine Litecoin’s current price chart, we see that it is struggling to surpass the resistance zone of $93.66.However, if LTC price fails to close daily above the level of $93.66, it may continue its downward movement towards the level of $89.However, if Litecoin manages to stay above the level of $93.66, it may continue its upward trend towards the range of $100 – $102.Source: <a href="https://en.coinotag.com/will-litecoin-continue-its-rising-trend-current-ltc-analysis/" rel="noopener noreferrer nofollow">https://en.coinotag.com/will-litecoin-continue-its-rising-trend-current-ltc-analysis/</a>

Will Litecoin Continue its Rising Trend? Current LTC Analysis!

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