Litecoin Price Prediction: LTC/USD May Retest $170 Before Moving Higher

Litecoin Price Prediction – October 11 The Litecoin price may likely follow a sideways movement as the Relative Strength Index (14) remains below 60-level. LTC/USD Market Key Levels: Resistance levels: $200, $210, $220 Support levels: $150, $140, $130 LTCUSD – Daily Chart Buy Litecoin Now LTC/USD is currently trading around the 9-day and 21-day moving averages within the channel as the cryptocurrency touches the daily high of $185.34 and should the buyers keep the price above the moving averages; the coin might remain at the upside. Today, an early trading session touches the $185 level before retreating to where it is trading currently at $176.14. Litecoin Price Prediction: Litecoin (LTC) May Consolidate Near the $175 As the daily chart reveals, the bulls may keep the Litecoin price above the 9-day and 21-day moving averages. Therefore, if the resistance of $185 gives way, the bull-run may come to focus and it may be extended towards the upper boundary of the channel. At the moment, the bullish scenario seems to be coming to play as buyers could post firm commitments into the market. However, if the coin stays above the $185 resistance level, this could further strengthen the market to the resistance level of $200, $210, and $220. Meanwhile, on the downside, a lower possible swing may likely test the previous support below the 9-day moving average. However, if the bears manage to fuel the market, traders may expect a further drop to $150, $140, and $130 support levels. On the contrary, the technical indicator Relative Strength Index (14) is now moving in the same direction, indicating that the market may move sideways. Comparing with BTC, we can easily see that the pair continues to break below the 9-day and 21-day moving averages from the daily high of 3268 SAT. However, the Litecoin price could see another sharp drop if it crosses below the lower boundary of the channel. Breaking this barrier could further take the price to the critical support levels at 2900 SAT and below. LTCBTC – Daily Chart At the moment, the Litecoin price is trading at 3067 SAT,…

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