Litecoin (LTCUSD) Price Forecast: July 3
LTCUSD is actually making positive moves and also looks good for a long at the $113.77 price level. The coin price will most likely continue its bullish run and the price could still go higher if the bulls are able to break up the current price at $113.77 peak value, then we can expect a good upside momentum up to $120.00 upper resistance level and beyond.
Resistance Levels: $110.00, $112.00, $114.00
Support Levels: $85.00, $75.00, $65.00
LTC (USD) Long-term Trend: Bullish (Daily Chart)
Litecoin is in a positive movement today. The price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buying trader and signifies a buy signal.
The pressure from the bulls with a long bullish candle to the $111.68 supply value on the 30th of June has sustained the price of Litecoin above the supply trend levels in its recent high.
The coin buyers responded to the market after the interruption from the sell traders at the $102.91 support level during yesterday’s session, the bulls break out to a high at the $112.24 resistance mark above the moving average lines; this is an indication of more forces from the buy traders and bullish commitment.
Based on the outlook, should the bulls go higher and close above the $113.77 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
The momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the LTCUSD might possibly reach the $120.00 upper resistance value soon in its long-term perspective.
LTC (USD) Medium-term Trend: Bullish (4H Chart)
LTCUSD indicates an upward trend with a bullish sentiment in its medium-term perspective. The coin is trading above the level of $108.92 and presently facing resistance at the recent high.
The coin price rises significantly above the resistance trend lines at the $112.24 level as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, Litecoin is showing more upside possibilities as indicated by the daily stochastic which is pointing in an upward direction.
We can certainly expect more gains and strength from the coin as the bulls continue to dictate the market conditions. The pair may likely reach the $120.00 resistance level in the days ahead in its medium-term perspective.
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