Litecoin Value Prediction – July 3
Regardless of the speedy decline early this month, the Litecoin worth prediction reveals that the short-term bullish construction for the coin remains to be intact.
Resistance ranges: $175, $195, $215
Assist ranges: $110, $90, $70
LTC/USD remains to be shifting sideways across the 9-day shifting common inside the channel. Nevertheless, the Litecoin worth is presently hovering at $139.98 after the bears took over from the bulls early this month. Right this moment, an early buying and selling session in direction of the $150 degree didn’t generate sustainable features, with the Litecoin worth slipping again under the day by day excessive on the $141.41 degree.
Litecoin Value Prediction: Litecoin (LTC) Not Prepared for Uptrend
Based on the day by day chart, the longer the pair fails to rally from present buying and selling ranges, the higher the prospect that we might even see the cryptocurrency falling under the 9-day shifting common. A break under the $135 help degree could provoke the Litecoin price to say no in direction of the $110, $90, and $70 help ranges.
Nevertheless, the present market motion reveals that the Litecoin worth could proceed the bullish motion if the 9-day MA crosses above the 21-day MA. In the meantime, the day by day chart reveals that LTC/USD wants to interrupt the technical area of the $150 degree which is above the higher boundary of the channel which can trigger the coin to succeed in the potential resistance ranges of $175, $195, and $215. However, the technical indicator Relative Energy Index (14) is shifting above 40-level, which reveals that the market could observe an uptrend.
Towards Bitcoin, the Litecoin worth is presently dealing with the draw back. The market worth is seen inside the 9-day and 21-day shifting averages. Nevertheless, the bullish construction could not come to play now however the worth has been following a descending help line since a few days in the past.
In the meantime, the technical indicator Relative Energy Index (14) is prone to cross under 40-level, which can add extra bearish alerts into the market. Subsequently, till the value both escape above the resistance degree or break down under the 9-day MA, the route of the pattern is but to be identified. Furthermore, if the coin breaks above the higher boundary of the channel, it coin reaches the potential resistance degree of 4500 SAT and above whereas the helps stay at 3700 SAT and under.
Seeking to purchase or commerce Litecoin (LTC) now? Make investments at eToro!
75% of retail investor accounts lose cash when buying and selling CFDs with this supplier