by Viktor A 

July 5, 2021

LTC/USD is retesting the 29th June swing high of 38.5 satoshis, with a strong bullish trend that is now back in action. RSI is above 50, indicating that there is a probable trend reversal ahead of the next of the biggest move of the year. LTC/USD is now slowly testing the 38.5 satoshi mark.

The Litecoin price has seen significant support above $60 and resistance at $66. The market is breaking out of the $32.40 range, a level which was previously retested on Monday, and is now testing the $40 level of support. The Litecoin price withstood the test, and as a result, the bulls are back in charge. The Litecoin price could rise to $65 within the next 24 hours.

LTC/USD is testing a critical resistance level. If it breaks through this level, it will most likely continue to rise. However, LTC/USD is currently facing a resistance at $32.7 where it would need to break out for a renewed rise.

Summary of the situation

  • Overall, the market has been bullish since yesterday.
  • High resistance at 12:00 UTC.
  • The next price target is $149 (recent high on June 29).

Litecoin Price Chart by TradingView

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If you look at the 4-hour chart, you can see that Litecoin’s price analysis has been bullish over the past 24 hours. Litecoin has broken through the previous support level of $135 and looks to be heading for the recent high of $146.79.

However, there is significant resistance that suggests a bearish takeover pattern could follow in the coming days. A general analysis of the Litecoin price shows that the market followed a downward trend between June 29 and June 1. July was a down month after peaking at 149.26.

In the period from 1 to 3. The month of July was characterised by considerable volatility and fluctuations. The market recovered today from the sharp decline that had started on January 1. July, falling 4.99% from the day before.

Litecoin Price Analysis Number: LTC on its way to $149 ?

The market could turn bearish in the next 24 hours as day traders rush to sell after the recent pullback. However, if we look at the overall trends over the past two days, the market is generally bullish.

As a result, the market is likely to return to the $180 level in the coming days unless there are small spikes in volatility in the meantime.

The top of $149 on June 29, followed by an uptrend since 2. July, is a clear indicator that significant momentum is building against resistance according to Litecoin price analysis. But despite the bulls’ attempts to push price up in recent days, the market has been mostly bearish when you look at the big picture.

If price reaches the top of the last swing on June 29, resistance could overwhelm bullish momentum, leading to a new bearish acquisition pattern in the coming days.

While waiting for Litecoin to strike on the 29th. June reaches its maximum swing, you can check out our complete guide to bitcoin fees. Feel free to browse our other price index categories to see the current price of your favorite coins.

Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.May 2018 has been a very significant month for Litecoin (LTC). On 14th May 2018, Litecoin made a new record high, retracing from the previous month’s high, reaching the $400 mark. A few days later on 18th May 2018, Litecoin made a new all-time high, closing at $414. What happened next? This price was short lived, as Litecoin started to retrace the previous month’s price. After a few weeks, Litecoin made a new low of $252. The last week of May 2018, the price began to fluctuate, as Litecoin had made a new high of $309. The last week of June 2018, Litecoin made another new high, reaching $. Read more about ethereum orders and let us know what you think.

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Viktor A

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