• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum

    Ethereum Price Prediction: Can ETH breakout of $1600?

    Uniswap price prediction

    Uniswap price prediction: Uniswap to reject further upside at $27

    Dogecoin

    Dogecoin becomes the most popular cryptocurrency

    Digital Yuan

    Biggest digital Yuan trial to be rolled out in Chengdu, China

    Litecoin

    Litecoin Price Prediction: LTC eyeing $200 breakout

    Cyril Ramaphosa

    Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

    Bitcoin price

    Bitcoin price now above $51,000

    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum

    Ethereum Price Prediction: Can ETH breakout of $1600?

    Uniswap price prediction

    Uniswap price prediction: Uniswap to reject further upside at $27

    Dogecoin

    Dogecoin becomes the most popular cryptocurrency

    Digital Yuan

    Biggest digital Yuan trial to be rolled out in Chengdu, China

    Litecoin

    Litecoin Price Prediction: LTC eyeing $200 breakout

    Cyril Ramaphosa

    Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

    Bitcoin price

    Bitcoin price now above $51,000

    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Litecoin News

Litecoin price prediction: LTC may fall to $46, analyst

Taha Farooqui by Taha Farooqui
October 30, 2020
in Litecoin News
4 min read
Litecoin price prediction: LTC to fall to $46, analyst
586
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Litecoin price prediction expects a fall to $46.
  • Litecoin is quickly losing support above $50.
  • The head and shoulder pattern is pulling bearish momentum.

The Litecoin price prediction by Solldy suggests a short entry for the cryptocurrency at the $56 level. The price is expected to fall towards the $45 to $46 range in this trade setup.

1-Day Litecoin price analysis

Litecoin price chart 1 - 29 October
Litecoin price prediction chart by Trading View

The price fell to a day’s low of $53.40 in the afternoon of the 29th of October. The cryptocurrency was priced at $54.62 US Dollars at the time of writing.

What to expect from Litecoin?

Project Syndicate highlighted a XABCD pattern on the charts and they expect the cryptocurrency’s price to move long towards the $60 mark next.

RelatedPosts

Litecoin Price Prediction: LTC eyeing $200 breakout

LTC Price Prediction: Litecoin price soon to hit the $300 mark

Litecoin price prediction: LTC to fall to $150 support level

Litecoin price prediction: Can LTC make a recovery to $240?

Litecoin price chart 2 - 29 October
Litecoin price prediction chart by Trading View

Per the analyst, the price correction is still underway, and this is a swing trade setup. The entry-level for the trade was set up near the $51 to $53 mark, and the price is expected to see a few losses over the next few days. Before the uptrend occurs, the analyst suggests traders short the cryptocurrency. The current sentiment for Litecoin suggests that the cryptocurrency will see a price pump towards the $60 mark. The take profit was marked at $59.75.

Litecoin price prediction: Short entry next?

Per Solldy’s analysis, Litecoin is looking to open a short trade on the H3 time frame. The cryptocurrency trades under a strong falling resistance that it has been testing for a while now. The analyst believes that the bounce from the resistance will cause the price to move towards the setup’s nearest support.

Litecoin price chart 3 - 29 October
Litecoin price prediction chart by Trading View

Per the charts, the nearest support lies between the $44 to $48 mark, and the cryptocurrency has entered this trade at the $56.47 level. The trade shows a sell signal for the coin, and the take profit is marked at the $45.74 level. The stop-loss was placed at $62.55, which is where the trade will be invalidated. However, the stop-loss lies above a very strong falling resistance, so it is unlikely that the cryptocurrency will rise to that level.

What’s next for LTC?

The cryptocurrency can be seen traveling inside a big descending channel that is highlighted below. The channel is sketched in a bigger triangle-like trade pattern, and the price is expected to go short towards the $45 mark next.

Litecoin price chart 4 - 29 October
Litecoin price prediction chart by Trading View

The price had reached the upper resistance, and it bounced off. This means that the price is expected to fall towards the trendline of the triangle. Bitcoin BTC has also approached the rising channel’s support line, which means that a probable turn may cause the altcoins to follow suit. The analyst expects the price to fall towards the $45 to $47 range next.

Litecoin technical indicator movement

Litecoin price chart 5 - 29 October
Litecoin price prediction chart by Trading View

The Relative Strength Index (RSI) closed at 54.00. This is the neutral zone for the cryptocurrency. The price is currently testing the upper Bollinger band.

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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Litecoin
Litecoin News

Litecoin Price Prediction: LTC eyeing $200 breakout

March 3, 2021
LTC price prediction
Litecoin News

LTC Price Prediction: Litecoin price soon to hit the $300 mark

March 2, 2021
Litecoin price
Litecoin News

Litecoin price prediction: LTC to fall to $150 support level

February 26, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Gary Gensler

Gary Gensler: How would the SEC fare under him?

March 4, 2021
xrp wallet

XRP Wallet: Should you get one?

March 4, 2021
Ethereum

Ethereum Price Prediction: Can ETH breakout of $1600?

March 3, 2021
Uniswap price prediction

Uniswap price prediction: Uniswap to reject further upside at $27

March 3, 2021
Dogecoin

Dogecoin becomes the most popular cryptocurrency

March 3, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.