Litecoin Price Prediction: LTC Aims To Take Down $160

Daily Litecoin LTC Technical Analysis

Last Updated August 9th 2021
1 Min Read
  • Litecoin price aims to break past the $150 psychological level.
  • MACD shows sustained bullish market momentum.

The Litecoin price crossed the $150 psychological level this Saturday, for the first time since June 21. Currently, LTC is priced at $155 as bulls look to take down $160 resistance. Since July 21, Litecoin has jumped from $107 to $155 – gaining almost $50 in its overall valuation.

Litecoin Price Faces Resistance At $160

Duo the aforementioned jump, the Litecoin price has flashed several bullish signals. Firstly, the 50-day SMA has flipped from resistance to support. Secondly, the parabolic SAR and MACD have reversed from red to green.

Image: LTC/USD daily

LTC/USD daily chart 080921

Looking at Into The Block’s IOMAP, the Litecoin price has strong resistance at $160. As per the IOMAP, nearly 50,000 addresses had purchased almost 672,500 LTC tokens here.

Image: IntoTheBlock

LTC/USD volume chart 080921

Litecoin Price Is Expected To Reach These Levels

If the Litecoin price takes down the $160 resistance barrier, it should reach $175.

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