Litecoin Price Prediction – LTC Up 10% as $1.8 Billion Trading Volume Floods In
Litecoin price has seen an incredible rise over the past 24 hours, gaining 10% in value, with trading volume exceeding $1.8 billion. This recent price action follows months of consolidation at the $55 level. Litecoin Price Prediction At the time of writing, LTC is trading just above $60, a zone that has served as resistance on several occasions before. LTC’s relative strength index (blue) has risen considerably from 39 just a few days ago to 68, indicating strong positive momentum. This price action could continue until the RSI breaches past 70 and enters overbought territory. At the same time, ADA’s 200-Day Moving Average (red) sits directly above the current price. This is the most significant resistance level for LTC – above which there is potential for a substantial rally toward the $125 region. LTC needs to break out above this level and consolidate for a few days before it can make such a move. This recent move comes a...