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Litecoin Price Analysis: Bulls eye $190 next

Filecoin Price Analysis

TL;DR Breakdown

  • Litecoin price analysis is bullish today.
  • Bulls were able to recover, and the value rose above $186 once again.
  • The 20-day SMA crossover occurred in the previous weeks.

The bulls have had control of the price graphs for several weeks, and today they were able to declare a rise in value. The price has once again reached $186.26, as the bulls could stage a successful comeback during the last 24 hours.

The bulls were able to recover, and the value rose above $186 once again. The price may increase even more in the following hours, which is excellent for buyers.

Litecoin Price Prediction for the 24-hour Chart: Bullish signals

The one-day Litecoin price analysis is anticipating a price increase as the bullish momentum has been rekindled. Even though the price has recently fallen, today’s movement has been favorable to the bulls once again.

Over the past week, Litecoin rose by approximately 8%: The price had started at $166.6 and later reached $175.8. However, the bulls were met with strong resistance values, which caused them to fall slightly. They continued to slide until they reached $166 again, following an adjustment where support levels were tested several times. There was no significant growth in value. Nevertheless, the bulls recently managed to stage a comeback during the last 24 hours and could even break through the $180.9 MA value.

The 30-day price analysis is anticipating continued growth in value after several weeks of consecutive growth, with analysts expecting to see the price rise above $200 once again.

Litecoin price analysis: Price back to $187

Following the previous fall, the four-hour Litecoin price analysis is showing signs of bullish movement. The price levels have returned to $186.3 after the favorable momentum was rekindled. For the last few hours, a downward trend has been in effect, but bulls have been able to return. Because of the prior drop, the price.

Litecoin Price Analysis: Bulls eye $190 next 1
LTC/USD 4-hours price chart. Source: TradingView

At the moment, Litecoin is at $186.26 and may continue rising during the next few days. This would be an excellent opportunity to buy some coins and secure profits in case of a price decrease in the upcoming weeks. The bulls will likely face strong resistance around $191 – $192 before they can begin rising again and continuing to test other resistances such as $199 or even $200. As you can see from this 30-day chart, Litecoin has been rising slowly but steadily since the beginning of April; breaking through all other obstacles on its way

In the previous weeks, there had been a crossover between SMA 20 and SMA 50, further validating the bullish trend. The Bollinger Bands Indicator displays the following values: $197.65 for the upper limit and $147.02 for the lower value. For today, the RSI score is 58.92.

The indicator for moving averages is providing support for the bulls, with a strong bullish signal. Currently, twelve indicators are maintaining the buying position, two of which are on the selling level and one on the neutral area. The oscillators show neutrality; seven oscillators sit at neutral levels, while two indicators reside on selling and purchasing levels.

Litecoin Price Analysis: Conclusion

After several days of testing, the bulls have maintained control over the price levels, allowing them to rise by over 7%. This is excellent news for buyers, as this could potentially mean that Litecoin has started another long-term climb.

The first goal for the bulls would be to reach $190 – $191, which will require them to break through the first resistance point. This will be an essential task, so there is no doubt that they will attempt this feat as soon as possible.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Sergio Goschenko

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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