Litecoin Price Prediction: What will Litecoin be worth in 5 years?
What will Litecoin be worth in 5 years? |
LTC/USD is up 108% but is down from a broad sideways range.
The 200-day moving average, which is still around $60, indicates instability and continued movement for Litecoin.
LTC/USD is breaking from the current high at $175 and the 38.2% Fib retracement level to the all-time high at $420.
Litecoin has been one of the best performing cryptocurrencies in recent weeks.
LTC/USD is up 108% since the end of November, enjoying the tailwind provided by strong Bitcoin.
The medium-term selling in Bitcoin directly affected Litecoin, which rose from $175 to $140 on Monday.
The medium-term selling in Bitcoin directly affected Litecoin, as it rose from $175 to $140 on Monday, as shown on the daily chart.
Over the past few hours, LTC/USD has taken a position above the uptrend channel as it found support before moving in any direction.
LTC/USD extended its upward trend with an extended range in the session. This feature reduces far-reaching mobile media guidelines. In the attached chart, we can see how the 200-day moving average is at $62.3.
The LTC/USD pair was trading at $152.6.
Above the current price, the first resistance level is $179, the second $212 and the third $230.
At the current price, the first support level is $155, the second is $43, and the third is $120.
The daily MACD is showing a clear uptrend and the bullish lines are supporting the increase in the price of LTC/USD. The risks arise from confidence in the behavior of Bitcoin and the accrued returns, which can lead to profit taking.
The directional movement system indicates that the bulls are trying to cross the ADX line in the downtrend, which is a weak signal to the upside and usually leads to a short period of sideways movement of the price. Bears are heading towards lows not seen in months, helping to halt the selling.
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