Litecoin Price Prediction: LTC/USD Moves Sideways; Price Drops Below $185

Litecoin Price Prediction – October 10 The daily chart shows that the Litecoin price could not climb above the $185 level as the price touches the low of $176. LTC/USD Market Key Levels: Resistance levels: $200, $210, $220 Support levels: $160, $150, $140 LTCUSD – Daily Chart Buy Litecoin Now Despite an uptick in other cryptos, LTC/USD is currently struggling to gather momentum above the $185 level. Meanwhile, a key level of support remains at $175, but if that breaks with a daily candle close below the level, it may likely slump below the 9-day and 21-day moving averages. Litecoin Price Prediction: Litecoin (LTC) May Still Climb Higher The Litecoin price is currently trading above the 9-day and 21-day moving averages. However, if the market price crosses below the moving averages, it can experience a period of bearish momentum and it could target the $170 support level before critically looking towards the support levels of $160, $150, and $140. Meanwhile, for that to happen, the coin would need to keep its movement above the moving averages. Therefore, if Litecoin (LTC) breaks above $185, it may likely face a bullish movement with higher highs and higher lows. Should in case the price decides to maintain the bullish movement, the coin may likely find the potential resistance at $200, $210, and $220 as the technical indicator Relative Strength Index (14) suggests a sideways movement. When compares with Bitcoin, the Litecoin price is currently following a bearish sentiment, trading under the 9-day and 21-day moving averages within the descending channel. However, if the bulls attempt to gain momentum, the bears are likely to keep releasing a huge pressure on the market as the technical indicator Relative Strength Index (14) may cross into the oversold region, suggesting more bearish signals. LTCBTC – Daily Chart Therefore, if LTC/BTC falls below the lower boundary of the channel, it may likely hit the nearest support at 3100 SAT. Any further negative movement could significantly lower the price to 3000 SAT and below. In case of a rebound, the coin can visit the 3400 SAT above the moving…

Source: Litecoin Price Prediction: LTC/USD Moves Sideways; Price Drops Below $185

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