CryptocurrencyPrice Analysis

Litecoin (LTC) Surges to $166, $200 Imminent?

Briefly –

  • Litecoin’s recent upward move had the altcoin shooting past $160.
  • LTC had its price rising to the highs of $166.68 following a 16% upsurge
  • Litecoin might be eyeing the psychological mark of $200.

Litecoin’s (LTC) price shows the altcoin initiating a late upswing past resistance of $160. With more than a 5% gain in the day, the altcoin surged towards $166.68. Moreover, Litecoin had its trading volume increased by 15%. Keep in mind that LTC has been trapped inside a constricted $141.28 – $147.65 range, printing continuous bearish pictures. With the upward momentum, the asset might be contemplating a massive rise to challenge the $200-level over this holiday. However, Litecoin has to overcome and keep the resistance at $175 away for the optimistic case to materialize.

The overall crypto market displayed considerable green, and LTC reflected with uptrends. Bitcoin, the leading asset, led with a 5% surge. Also, Ethereum climbed by 3% to consolidate beyond the $4,000 level. Indeed the altcoin market saw most assets going green. Cardano took its price actions past $1.44 after a 6% jump. LUNA extended its surge with a 13% increase, crossing the vital $100 level, while DOGE, DOT, and SOL registered about 4% price surges each.

LTC/USD Daily Chart

Litecoin’s 24-hr price chart shows LTC surging beyond its critical 50-day EMA around $157.49. Such a move depicted bullish revival on the token. Also, the Relative Strength Index shows a lucrative market valuation as the indicator climbs towards 50. That way, LTC’s price surged into the Bollinger bands’ curve upper half.

LTC/USD 4Hr Chart – Holding Above $160 is Vital for LTC

According to the four-hour chart, LTC/USD should maintain beyond the $160 level to authorize the latest upward price move. For now. Litecoin trades at $164.01, following a slight all from previous levels. Nevertheless, the four-hour exponential moving average at $160.9 and RSI 64.3 shows that the token can continue its upsurges over the coming near-term sessions.

Final Thought

Litecoin saw a late upsurge past its resistance mark at $160 amid lucrative overnight price actions. Holing beyond the $160.9 threshold will see LTC testing the $175 resistance. Furthermore, technical indicators highlight healthy conditions for Litecoin surges. Maintaining that attitude will have Litecoin at $200. However, the precarious price position over the previous weeks shows that a move under $157 might translate to downfalls.

Related Articles


What is Annual Percentage Yield (APY) and How Does It Work in Crypto?

Introduction Annual Percentage Yield (APY) in crypto refers to the attention or...

EconomyPrice Analysis

ECB Policymakers Consider a Mild Rate Increase

Preliminary conversations indicate a shortage of enthusiasm for a subsequent hike of...

Crypto / Forex Broker ReviewsCryptocurrency

ArgoTrade Review – Your global trading partner?

What is ArgoTrade ArgoTrade currently offers online trading using CFDs via reliable...