LTC/USDT Prediction: LTC Bulls Target $215

Last week, Litecoin price, reaching its maximum in the past three months, hit $191.56 mark. However, its rally stopped and the price turned south, though it did not reach the critical lows, Today the price has slightly increased and is currently trading at around $172. We see that the price gradually went into a sideways channel and it has been trading within it for almost three weeks, which also means a breakout will soon occur.


Over the past 6 weeks, LTC price increased by 85%, while Bitcoin increased by 72%. If Bitcoin needs to increase another 21% to reach its maximum $64,000, then Litecoin has to overcome another 54% of its maximum $412. This means that, despite the slowdown in the increasing pace, its rally is still ahead.

 

Technical Analysis

The weekly price chart shows that the MACD histogram has already come close to the zone with a plus sign, and although it is impossible to say for sure whether the histogram will continue to grow in the positive zone or start lengthening in the zone with a minus sign, there is a high probability that the LTC/USDT is approaching an upward breakout. The signal line of the RSI indicator, which was below 50% for a long time, crossed this border from the bottom to the top, which also indicates a possible resumption of the Bullish trend.

 LW.png

 

On the daily price chart, the RSI indicator is in a slightly different position, although its signal line is also around 50%, it is still moving south.


But, the MACD histogram, being in the zone below zero, doesn't show much potential of decline, which means that after pushing off from the lower border of the side channel, LTC price is likely to move upward where it is possible to reach new weekly peaks. The next nearest target of the LTC/USDT may be near the $210 mark.


LD.png

Demo

想進行練習嗎?到模擬交易使用我們的贈金

5000 USDT
聯繫我們
twitter Telegram

Technical support: [email protected]

風險提示 該公司為客戶提供的金融產品,包括差價合約(“CFD”)和其他復雜的金融產品。差價合約交易具有高風險性,因為槓桿可能會對您的資金狀況產生積極和消極的影響。差價合約交易並不適合所有投資者,因為可能導致投資資本的完全虧損。不要投資超過您能承受的範圍。在開始復雜的金融產品交易之前,請務必閱讀有關所有風險。

© 2019 Bex500. All rights reserved.

登入
谷歌驗證

忘記密碼? 找回谷歌验证

還沒有帳號?立即註冊
找回密碼
60秒後重新獲取
獲取
註冊帳戶
60秒後重新獲取
獲取
服務條款隱私政策
已有帳號?立即登入