Litecoin Price Forecast: LTC / USD Breaks Resistance of 270 USD; Could it reach the next $ 300?

LTC Price Prediction – May 1st Litecoin price is rising, but a break above $ 240 will set the coin back to $ 250 in future trading sessions. Key LTC / USD Market Levels: Resistance Levels: $ 320, $ 340, $ 360 Support Levels: $ 210, $ 190, $ 170 LTCUSD – Daily LTC / USD Chart trades at the $ 272.92 resistance level after hitting the day's high Today's $ 275.17 in its early hours. This is a move that could easily pave the way for gains of over $ 280 and towards $ 300. Therefore, if the RSI technical indicator (14) moves above the 60 level, the market may indicate that the uptrend is getting stronger. What to expect from Litecoin (LTC) Litecoin is currently above the 9- and 21-day moving averages after a massive $ 271.60 recovery. This suggests that buyers can continue to dominate the price action and easily push the coin towards potential resistance of $ 320, $ 340 and $ 360. In other words, LTC / USD can be consolidated if the purchase is not more than $ 280. However, any break above the upper limit of the channel still has an impact on the price. Plus, it's time to boost buyers' confidence in the recovery, as $ 300 is still on the corner. Therefore, if the bears push the coin below the moving averages, it could reach the support levels of $ 210, $ 190, and $ 170. Compared to Bitcoin, the LTC price stays above the 9-day and 21-day moving averages. The 9-day MA is preparing to fall below the 21-day MA. Meanwhile, if the market price eventually stays above the moving averages and closes, traders can expect a long-term bullish move. LTCBTC – Daily Chart On the other hand, buyers may need to push the market towards resistance, while any bearish movement towards the lower limit of the channel can meet the main support at 4,000 SAT and 4200 SAT before falling below. potential as 5500 .. SAT and higher tec

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