Litecoin Price Prediction – October 28
The Litecoin price prediction shows LTC moving sideways as the bulls still maintain the desire to defend the support at $175.
Resistance levels: $215, $225, $235
Support levels: $160, $150, $140
According to the daily chart, the intraday movement has not been that impressive but if LTC/USD bulls could improve more in the last hours of the day, the intraday traders can expect a more positive close. At the time of time, the main cryptocurrencies are slightly under market pressure as traders hope for improvement, but it may take some time.
Litecoin Price Prediction: LTC Price May Move Higher
At the time of writing this, the Litecoin price is currently displaying a sign of subduing volatility with the price ready to cross above the 9-day and 21-day moving averages. However, we can see that the trading volume is coming up gradually but the intraday movement of the coin is quite unstable as the technical indicator Relative Strength Index (14) makes a quick turn back to the upside.
Furthermore, trading at $187, more rebounds might occur and if the bulls put more effort one more time, they could push the Litecoin price above the 9-day moving average as the potential resistance levels could be located at $215, $225, and $235 while the supports lie at $160, $150, and $140 respectively. More so, the technical indicator Relative Strength Index (14) is likely to cross above 55-level, which could suggest an upward movement.
Against Bitcoin, the Litecoin price is moving below the 9-day and 21-day moving averages. For now, bulls continue to dance to the tune of bears and currently trading at 3066 SAT level. However, if the price crosses below the lower boundary of the channel, it could hit the nearest support at 2900 SAT, but further support could be found at 2800 SAT and below in a subsequent move.
On the other words, an upward movement above the 9-day and 21-day moving averages may likely find immediate resistance at 3300 SAT, If the coin moves above this level, potential resistance lies at 3400 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) is facing the east and as it stands now, the coin may begin to move sideways.
Looking to buy or trade Litecoin (LTC) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider