Litecoin Litecoin Price Prediction: LTC at the door of a...

Litecoin Price Prediction: LTC at the door of a 16% explosion – FXStreet

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  • Litecoin value is at present bounded inside a symmetrical triangle sample on the 1-hour chart.
  • The digital asset seems poised for a breakout that will push it by 16%.

Litecoin has been beneath consolidation for the previous two days and has fashioned a symmetrical triangle sample on the 1-hour chart. The digital asset seems primed for an enormous 16% breakout in direction of $166.

Litecoin value must crack $142 to see $166

LTC is at present buying and selling just under a crucial resistance stage at $142 which might open the doorways for a 16% breakout in direction of $166. The digital asset fashioned a symmetrical triangle on the 1-hour chart which appears to be on the verge of cracking.

LTC/USD 1-hour chart

The technical confluences additionally present that $142 is a powerful resistance stage indicating that the 4-hour center Bollinger band, the 15-minutes higher Bollinger band and the earlier 15-minutes excessive converge on that time. Moreover, there’s additionally a powerful resistance stage at $144 the place the day by day center Bollinger band at present stands.

ltc price

LTC Confluences

On the best way down the $142 stage additionally serves as assist as it’s the earlier 4-hour excessive. At $141.7, we discover the earlier hourly excessive. A rejection from $142 and a lack of these two ranges could be bearish and will doubtlessly drop Litecoin value right down to $130.

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