Litecoin Price Prediction: LTC bulls target $190 next
lite coin price usd
Litecoin cost is confronted with intense headwinds as the bulls desire to vanquish $190.
The 200 four-hour SMA has gone about as firm opposition for LTC since mid-September.
Just a break above $174.50 would see Litecoin sticker price the upper limit of the overseeing specialized example.
Litecoin cost has one final snag in its way before it can point higher at $190. The strength of the opposition ahead may prevent a potential LTC rally if the altcoin neglects to cut over a vital specialized marker.
Litecoin cost is influencing inside a rising equal channel on the 4-hour graph as it keeps on moving higher. LTC is presently confronted with the one final, intense obstacle that has limited the altcoin from additional development since September 19.
On the off chance that the overseeing specialized example is hearty, Litecoin cost would plan to label the upper limit of the equal channel at $190. In any case, it has a strong road obstruction to handle before the bullish objective can be figured it out.
The 200 four-hour Simple Moving Average (SMA) is going about as hardened obstruction for Litecoin cost at $174.50, matching with the breakout line given by the Momentum Reversal Indicator (MRI). Provided that the bulls can break over this level would LTC rally toward the outdoors pattern line of the predominant outline design.
Following the previously mentioned opposition level, Litecoin cost could confront further headwinds at the 61.8% Fibonacci retracement level at $183.60.
The Arms Index (TRIN) pointer, which measures generally market feeling, recommends that there are a bigger number of purchasers in the market than venders. Be that as it may, purchasing pressure should likewise increment all together for the bulls to arrive at the hopeful objective.
LTC/USDT 4-hour outline
On the other side, should the bears assume responsibility, Litecoin cost would find prompt help at the 20 four-hour SMA, which relates to the lower limit of the equal channel just as the half Fibonacci retracement level at $168.40. This region should go about as a solid traction for LTC except if further selling pressure arises.
On the off chance that a spike in sell orders unfurls, Litecoin cost might fall more toward $163.20, where the help line given by the MRI sits. In the event that LTC keeps on experiencing the strength of the bears, the altcoin could drop toward the 50 and 100 four-hour SMAs at $160.30 and $158.30, individually.
Extra help will arise at the 38.2% Fibonacci retracement level at $153.20 if the market keeps on debilitating.
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