Litecoin (LTC) price Prediction – January 3
The market valuation of Litecoin as against the price-worth of the US Dollar has seemingly set a new pace to seeing more increases as it has sprung northward to trade around a high value of $160.
Resistance Levels: $180, $200, $220
Support Levels: $120, $100, $80
LTC/USD – Daily Chart
The LTC/USD daily trading chart now depicts the formation-pattern of price action, when the crypto began its northward movement from a low value below $80 on Dec12 up until the formation of a bullish candlestick that occurred at $120 point yesterday in the crypto-market. In the view of that successful movement by the crypto, it signifies that bulls may further prolong their moves to seeing other higher-trading levels
Where is LTC price Going Next?
Technical tools show that there are yet more potentials of seeing the LTC/USD bulls gaining the advantage of the trade in the next session. Meanwhile, the base instrument may, in a slow-moving manner, push northward the more. Trade levels around $160 and $180 tend to witness less active price action purposely for the market to decide the direction.
On the downside, yet not clear to suggest a start of the fall of this market. The reason is that buying pressures have not exhausted. In that case, Seller should exercise some degree of patience before placing an entry-position in the LTC/USD trade as there hasn’t any signal that warrants their coming-backThe price may shoot up past its present trading zone around the $160 mark.
LTCBTC price Analysis
In the comparison, LTC now appears getting set on a strong note to regain its strength lost to the BTC that counters down a low value over a trading time. In a usually manner, the base seems to have found support between $0.0040 and $0.0042 level as it begins to move north-worth in a retracement mote. The Stochastic Oscillators have slightly crossed at range 20. That signifies the possibility of the base trading instrument on its recovery note.
Remember, all trading carries risk. Past performance is no guarantee of future results.