- Litecoin along with the king of altcoins remains in the ‘buy phase’
- LTC/USD trades with grounded support from the short-term daily moving averages
- Litecoin has the major resistance area around $64, above which the coin is anticipated to trade bullishly
Litecoin against US Dollar trades in the price range of $59–$64, as per the data feed from Coinbase. LTC seems to have a lesser impact on volatility in comparison to Bitcoin overall. LTC/USD trades slightly above the nearest support that is built at a $60 price level.
Litecoin Price Prediction
As per the above half-hourly movement of Litecoin over the past 2 days, we see that initial break down below the lower Bollinger band, which took the LTC price to $60.33 from trading as high as $64.2. It formed the first bottom when the pair traded after a 6% dip. Immediately, it consolidated to trade at $62.58 the next major resistance before $64, although lacked the break above the upper Bollinger Band. It was just yesterday when the price trend again broke the lower Bollinger Band to form the second bottom at $59.60, after which it had a double top around $61. The narrowing of the bands in the said duration has not been seen until the time of writing. The trend at present is quite subtle and shows no sign of a harsh breakout any sooner.
The MACD of Litecoin is slightly above zero with a bullish crossover as the MACD line takes over the signal line.
And, the RSI of the LTC coin is at 52, showing no extremities of being inclined to 30 currently.