Litecoin Price Prediction Today: Daily (LTC) Value Forecast – June 24
- On the downside, if price retraces and breaks below the EMAs, the LTC market will further depreciate to a low at $110 or $120 price level.
- On the upside, if the 12-day EMA support level holds, the crypto’s price will rise again to retest the $140 overhead resistance.
LTC/USD Medium-term Trend: Bullish
- Resistance Levels: $140, $150, $160
- Support levels: $130, $120, $110
Last week the price of Litecoin was trading in a bullish trend zone. Since on June 11, the LTC market reached a high of $140 overhead resistance but the bulls were unable to break the resistance level. The 12-day EMA and 26-day EMA are pointing northward indicating that price is in a bullish trend.Each time the bulls tested the overhead resistance the price would fall to the 12-day EMA support level.
Today, June 23, the price is retracing after testing the overhead resistance. On the downside, if price retraces and breaks below the EMAs, the LTC market will further depreciate to a low at $110 or $120 price level. On the upside, if the 12-day EMA support level holds, the crypto’s price will rise again to retest the $140 overhead resistance. The MACD line and the signal line are above the zero line which indicates a buy signal.
LTC/USD Short-term Trend: Bearish
On the 1-hour chart, the LTC price is in a bullish trend. The 12-day EMA and the 26-day EMA are sloping horizontally below the $144 price level. Last week the bulls tested a $144 price level and the market fell to the support of the 12-day EMA.
The market reached the $144 resistance level on three other occasions but was repelled and the price fell to reach a low of $138 price level. The MACD line and the signal line are below the zero line which indicates a sell signal.
Litecoin’s price is $168.86 LTC/USD exchange rate today. The real-time LTC market cap of $11.22 Billion currently ranks #8 with , daily trading volume of $2.1 Billion and live coin value change of LTC -10.48 in the last 24 hours.
Live Litecoin (LTC) Price:
1 LTC/USD =$168.8554 change ~ -10.48%
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