LTC Rebounds as the Price Faces $60 Level; Tamadoge Increases

The Litecoin (LTC) price prediction sees a 1.87% price increase over the past 24 hours of trading as the cryptocurrency touches $57.45.

Litecoin Prediction Statistics Data:

• Litecoin price now – $56.72
• Litecoin market cap – $4 billion
• Litecoin circulating supply – 71 million
• Litecoin total supply – 84 million
• Litecoin Coinmarketcap ranking – #21

LTC/USD Market

Key Levels:

Resistance levels: $65, $70, $75

Support levels: $50, $45, $40

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LTC/USD gains a 1.87% price rise over the past 24 hours of trading as the cryptocurrency bounced from $52.3066 to the $57.45 resistance level. The Litecoin may face the upside but the red line of the 9-day MA crosses below the green line of the 21-day MA. At the time of writing, the movement is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) moving to cross above the 50-level.

Litecoin (LTC) Ready for a Spike while Tamadoge Stays at the Upside

The Litecoin (LTC) price may need to rise above $60 if the buyers push the price above the 9-day and 21-day moving averages. On the contrary, traders may consider the market as bearish if the sellers take the market movement to the lower boundary of the channel.

However, towards the upside, the first level of resistance lies at $60, while the potential resistance levels lie at $65, $70, and $75. Moreover, if the sellers push the price beneath the lower boundary of the channel, traders may expect supports to be located at $50, 45, and $40 while the technical indicator Relative Strength Index (14) faces the north to give a more bullish signal.

Compared with Bitcoin, LTC is trading above the 9-day and 21-day moving averages. According to the daily chart, the coin is likely to cross above the upper boundary of the channel as the nearest resistance level may touch 2700 SAT. Above this, higher resistance lies at 3000 SAT and above.

On the other hand, if the selling pressure creates a fresh low below the 9-day and 21-day moving averages, lower support may be found at 2300 SAT and below. The technical indicator Relative Strength Index (14) is moving to cross above the 60-level, which shows that the market is preparing for upward movement.

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