LTC Price Prediction – April 22nd
Litecoin price is currently changing hands at USD 268.83 as the RSI (14) technical indicator moves towards 60.
LTC / USD market
Resistance Levels: $ 300, $ 310, $ 320
Support levels: $ 215, $ 205, $ 195
LTC / USD is still defending the $ 250 support level as the price stands at $ 268.83. The coin is now trading within the 9-day and 21-day moving averages, indicating a bullish move. Currently the market price is hovering within the channel and the RSI (14) indicator may give some bullish signals as it approaches the 60 levels.
What to Expect from Litecoin (LTC)
Looking at the current market, however, LTC / USD is not yet showing strong bear dominance in the long term. However, the near-term outlook looks bullish. However, a bullish interception can set the next key resistance at $ 300, $ 310, and $ 320, and above the moving averages. Even so, it is possible for traders to see a slight increase before the rally begins.
Additionally, after the sustained move, the price of Litecoin recently fell to $ 251 before rising slightly to $ 268. Another rally is likely to be at $ 215, $ 205 and a possible new low at $ 195. As we can see on the daily price chart, LTC volume has increased in the past few days, which shows that the bulls could continue to dominate the market.
A look at the daily chart comparing LTC to BTC shows that the pair eventually broke solid resistance level at 5200 SAT. Litecoin price could rise again at a support level of 5500 SAT and move above the upper bound of the channel. Breaking this level could push the price further towards the potential resistance levels at 5800 SAT and 6000 SAT.
In addition, from below; The next support is at 4800 SAT and below that the further support is at 4500 SAT. If the price continues to drop to create a new low, the lower support is at 4200 SAT, 4000 SAT, and 3800 SAT. The RSI (14) is trying to break above the 70 level, showing that the bulls are in control.