Lightcoin price forecast: LTC / USD fell to $ 160 support

Price forecast Lightcoina-August 12
The price of Lightcoin is falling at a loss of 3.21% after hitting a daily high of $ 179.79.
LTC / USD key Sunday levels:
Resistance levels: $ 200,$ 210, $ 220
Support levels: $ 140,$ 130, $ 120
Ltcusd-daily chart buy litecoin now as LTC / USD has experienced a 3.21% price drop in the last 24-hour trade as the currency is currently trading below the upper limit of the channel but appears to be falling below the 9-day and 21-day moving averages. However, any downward movement below the 9-day moving average could cause the price of lightcoin to reach the $ 160 level, and this could happen as the currency continues to fall in the coming days.
Lightcoin price forecast: Lightcoin (LTC) can follow the downward trend according to the daily chart above, the lightcoin price appears to be maintaining lateral movement. In the last few days of trading, it struggled to cross the upper limit of the canal. However, if the pair moves in this area, the market may be regarded as neutral at a certain time, technical indicators like the Relative Strength Index (14) exits from the overbought zone falls below 60 and vendors can increase their momentum and if this may cause you to fall below the moving average of LTC. If this happens, LTC / USD is considered a downward trend.
On the other hand, the initial support level may be at $ 150, but this is expected to prevent the Sunday from falling further. Meanwhile October, as sales decelerate, traders can expect additional support at $ 140, $ 130 and $ 120. Meanwhile, on the plus side, the resistance levels ahead could be at $ 170 and $ 180 Dec. On top of that, potential resistance is at the $ 200, $ 210 and $ 220 marks.
Compared to BTC, the Bulls are in a serious attempt to get back into Sunday as the bears push back under the channel. At this point, the coin is still trying to show promising signs that the coin is being pulled aside

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