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Litecoin price climbs to $45: what’s next?

Litecoin price climbs to what s next

The Litecoin price line climbed up to reach the $45 mark on the chart for the 12th of June. The cryptocurrency traded within a day’s range of $42.76 — $45.31. Crypto analysts believe that the LTCUSD pair should see an uptrend in the near future.

1-Day Litecoin price analysis (12th June)

Litecoin price chart 1 - 12JunLitecoin Price Chart by Trading View

Litecoin fell below the $42.50 level on the 11th of June, while the cryptocurrency observed an uptrend on the 12th of June. The cryptocurrency began the day’s trade with a price below $43.

On the chart above, the LTCUSD pair can be observed climbing up the daily chart. In the afternoon, the cryptocurrency had moved past the $44.50 level. At the time of writing, Litecoin traded at $44.73 US Dollars.

Litecoin price movement; upward climb

Daniel Ramsey is a TradingView analyst who suggested that LTC will rise towards the $44.7 mark.

Litecoin price chart 2 - 12Jun

Litecoin Price Chart by Trading View

On the 12th of June, the cryptocurrency made its way past the $44.7 level. The trade became active at the start of the day when the LTCUSD pair stood near the $43 mark.

Litecoin price in a bullish pattern?

Forex Live Signal is a TradingView analyst who believes that the LTCUSD trading pair will see an upcoming uptrend.

Litecoin price chart 3 - 12Jun

Litecoin Price Chart by Trading View

The crypto analyst highlighted a bullish pattern forming on the LTC charts. Forexlivesignal drew two expected target price levels as TP1 and TP2. The first target price TP1 was market near $46, while the second target price is market near $48.

The trade appears to be active as Litecoin moves up its charts and reaches the $44.8 level.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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