• 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
    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 1

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision

    BTC/USD Price

    BTC/USD Price Prediction: BTC/USD historic uptrend fails to respond to 1.6% rising treasury bonds

    XRP/USD Price

    XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    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
    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 2

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision

    BTC/USD Price

    BTC/USD Price Prediction: BTC/USD historic uptrend fails to respond to 1.6% rising treasury bonds

    XRP/USD Price

    XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    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 to reach $63, analyst

Taha Farooqui by Taha Farooqui
October 25, 2020
in Litecoin News
4 min read
Litecoin price prediction: LTC to reach $63, analyst
586
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Litecoin price prediction optimistic for $63 high.
  • Litecoin finds strong support at $58.6 mark.
  • Strong resistance is found at the $59 mark.

The Litecoin price prediction by the Trading View analyst Diving suggests that the cryptocurrency will observe an uptrend towards the $63 mark, after which the price will descend to the $47 level. The coin recovered its price towards the $59 mark on the 24th of October.

1-Day Litecoin price analysis

Litecoin price chart 1 - 24 October
Litecoin price prediction chart by Trading View

The cryptocurrency formed an upward slope on the 24th of October, and the LTC price reached the $59.5 level. At the time of writing, the altcoin was observed at the $58.60 mark.

Litecoin price prediction: Where is LTC headed?

The LTCUSD formed a symmetrical on the weekly time frame, and the analyst believes that LTC will soon observe a pullback towards the $47 mark.

RelatedPosts

Litecoin Price Prediction: Litecoin’s price stuck at selling pressure near $180 support

Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

Litecoin Price Prediction: LTC eyeing $200 breakout

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

Litecoin price chart 2 - 24 October
Litecoin price prediction chart by Trading View

Per the chart, the price appears to be varying between the range of $47.33 to $62.82, and the cryptocurrency will test the $62.82 mark before observing the pullback. The volume trade volume increased with an increase in the price, while it decreased with a decrease in the price. This shows that buying pressure has strengthened.

The Moving Average Convergence Divergence (MACD) line has moved above the signal line that lies flat near the neutral region. The histogram size appears to be increasing in the positive region.

The LTC price varies in a large ascending channel showed in the chart below by the Trading View analyst Crypto Currency Alerts. A descending triangle also exists inside the channel, and the price appears to have reached the end of it.

Litecoin price chart 3 - 24 October
Litecoin price prediction chart by Trading View

As the charts predict, the cryptocurrency should break upwards because of the lower price volatility that it has reached over time. Litecoin entered the channel during March 2017. The Moving Average Convergence Divergence (MACD) technical indicator has observed a bullish crossover, which means that the cryptocurrency is close to observing a significant breakout.

The Relative Strength Index (RSI) also looks to break a resistance drawn on the scale, while it lies over 57.45. The RSI is currently in the neutral region. The histogram size is increasing in the positive region. The target price for this trade lies at $177.8, under a long-term position.

What’s next for the LTC price?

Inside a bigger falling channel, Vince Prince has highlighted an ascending trendline over which the price appears to have formed a head and shoulder pattern.

Litecoin price chart 4 - 24 October
Litecoin price prediction chart by Trading View

After confirming the head and shoulders pattern on the 21st of October, the price broke upwards and rose from the $48 mark, and moved towards $58. A triangle cluster formed near this region and the price tested the $57.95 level before breaking above it to reach above $59. On the 24th of October, the price has formed a downward candle, but it still appears above $57.95.

From a larger perspective, the price rests over the upper boundary of the broadening wedge pattern. If LTC holds this support, the price is expected to rise towards higher levels above the $60 mark.

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’s Price stuck within selling pressure zone
Litecoin News

Litecoin Price Prediction: Litecoin’s price stuck at selling pressure near $180 support

March 8, 2021
Litecoin Price Prediction
Litecoin News

Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

March 6, 2021
Litecoin
Litecoin News

Litecoin Price Prediction: LTC eyeing $200 breakout

March 3, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 3

The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision

March 9, 2021
BTC/USD Price

BTC/USD Price Prediction: BTC/USD historic uptrend fails to respond to 1.6% rising treasury bonds

March 9, 2021
XRP/USD Price

XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

March 9, 2021
Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

March 9, 2021
Ripple price analysis XRPUSD grinds towards $0.50 resistance

Ripple price analysis: XRP/USD grinds towards $0.50 resistance

March 9, 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 4

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.