Litecoin price prediction: LTC / USD takes days as price targets $ 300 level

LTC Price Forecast – May 3 Litecoin price is currently changing hands at $ 288 as the RSI indicator (14) rises above the 60 level. Key LTC / USD market levels: Resistance levels: $ 320, $ 340, $ 360 Support Levels: $ 220, $ 200, $ 180 LTCUSD – The daily LTC / USD chart is still moving up as prices move up. channel 7% moving more than 20%. At the time of writing, Litecoin (LTC) bulls are breaking the 9- and 21-day moving averages, supporting a drop to $ 268 under difficult conditions, reaching a high of $ 289. Litecoin (LTC) Yesterday, Litecoin (LTC) price remained in a slight downtrend after the bullish rally failed to move above the $ 277 level. The coin failed to break the barriers towards the $ 280 resistance level, but today the bulls are back in the market as they keep the coin above the moving averages. In fact, a break above the $ 300 resistance level could trigger a bullish run towards the $ 320, 340 and $ 360 resistance levels, respectively. Additionally, the daily chart shows that LTC / USD could be in an upward trend as the technical indicator moves above the 60 level. However, if buyers fail to push the market towards the upper end of the channel, the market price could drop below the moving averages, reaching the $ 220, $ 200 and $ 180 support levels. Litecoin's price against Bitcoin tries to switch the channel to another channel to reach resistance at 0.0053 BTC. Unless this coin breaks above the trend line and the price closes above, there may be no reason to expect the upward reversal. However, any move below the nearest support could refresh the lows below the moving averages, and as buyers will be able to trade above the channel to reach resistance at 0.0057, it is likely to drop to 0.0041 BTC and below. can afford the support. .

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