Litecoin Price Prediction: LTC Continues Upward Trend, $150 On The Cards? 

Daily Litecoin LTC Technical Analysis

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Last Updated February 9th 2022
3 Min Read
  • The Litecoin price is currently up by over 2% during the ongoing session. 
  • LTC has been extremely bullish in recent sessions and had surged by nearly 8% on Monday. 

The Litecoin price continued to increase during the ongoing session, as buyers looked to push LTC towards $150. LTC had moved past the 20-day SMA on Friday and then registered a marginal increase on Saturday, moving to $121.92. Sunday saw LTC continue to push higher, rising by nearly 5% and ending the weekend at $127.69. Monday saw LTC surge by nearly 8%, moving to $137.34, before pushing past $140 during the ongoing session. 

Litecoin Price Chart Indicates LTC Looking To Push Towards $150 

The Litecoin price started the previous weekend by registering a marginal increase on Saturday before dropping back on Sunday and falling to $108.70. Monday saw LTC register a marginal increase, as LTC reported an increase of 0.84%, before pushing up by over 5% on Tuesday and moving to $115.12. However, LTC fell back on Wednesday, dropping by nearly 6% and dropping to $108.40, before recovering on Thursday, rising by over 2% and moving to $110.99.

Image: LTC/USD daily

LTC/USD daily chart 020922

The Litecoin price continued to push higher on Friday, as it rose by over 9%, moving past the 20-day SMA and settling at $121.45. The weekend saw LTC continue to remain in the green, registering a marginal increase on Saturday and then rising by nearly 5% on Sunday, ending the weekend at $127.69. Monday saw ADA surge past the 50-day SMA, rising to $137.34, before pushing up to $141 during the current session.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Looking at IntoTheBlock’s IOMAP for the Litecoin price, we can see that LTC faces strong resistance at around $148.10. At this price level, over 210,000 addresses have sold more than 4.2 million LTC. LTC also has strong support at around $122.56, where over 200,000 addresses have bought more than 3.4 million LTC.

Image: IntoTheBlock

LTC/USD volume chart 020922

The 4-hour Litecoin price chart shows us that LTC had pushed up to $115.12 on the 2nd. The price fell back from this level, dropping to $110.08, slipping below the 20-bar SMA, and then dropped to $107.92, slipping below the 50-bar SMA. LTC could recover from this level, as the price rose to $110.99 on the 4th, pushing above the 50-bar SMA. The price continued to move higher from this level and surged past the 20-bar SMA, rising to $121.45 on the 5th. LTC remained bullish after reaching this level, rising to $125.13 and then surging past the 200-bar SMA, rising to its current level of $141.

We can see that the MACD and Parabolic SAR are both bullish, indicating that we could see the price push higher.

Image: LTC/USD 4-hour

LTC/USD 4-hour chart 020922

Litecoin Price Is Expected To Reach These Levels

Looking at the Litecoin price chart, we see that LTC has been extremely bullish in recent sessions and had pushed above $140 during the current session. If the current sentiment persists, we could see LTC push towards $150.