Litecoin Price Prediction: LTC/USD Bulls Look Forward to a Spike Above $40

Moreover, if the bulls can put more effort and push the market towards the upper boundary of the channel, then the price may likely hit the resistance levels of $48, $50 and $52 respectively. The critical support level is located below the 9-day moving average at level 5600 SAT and below as the RSI (14) nosedives to 40-level.

However, any attempt by the bulls to re-power the market, the coin may cross the 21-day MA and above the upper limit of the channel to reach the resistance level at 6700 SAT and above. Meanwhile, the price of Litecoin is currently changing hands to 6072 SAT.

Timeline of Litecoin