Litecoin Technical Analysis: LTC Continues Upward Trend, Pushes Above $150

Daily Litecoin LTC Price Analysis

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Last Updated January 18th 2022
3 Min Read
  • The Litecoin price is currently up almost 4%, as buyers push the price higher. 
  • LTC has been quite bullish in recent sessions but had registered a marginal drop on Sunday. 

The Litecoin price pushed above $150 during the current session, as buyers look to push the price towards $155. LINK had dropped almost 4% on Thursday before recovering on Friday, moving above the 20-day SMA and settling at $144.69. The price continued to push higher over the weekend, rising by 2.10% on Saturday. However, LINK was back in the red on Sunday, registering a marginal drop before pushing back up during the current session. 

Litecoin Price Chart Indicates LTC Could Push To $155 

The Litecoin price registered a marginal drop on Saturday (8th), dropping by 1.20% and starting the previous weekend on a bearish note. The price recovered on Sunday, rising by 1% and ending the weekend at $130.86. However, the price fell back on Monday, dropping over 3% and settling at $126.61. LTC recovered on Tuesday, pushing above the $130 level and rising to $131.64 after registering an increase of almost 4%. Wednesday saw LTC continue to push higher, rising by almost 8% and rising to $142.02.

Image: LTC/USD daily

LTC/USD daily chart 011822

After rising to $142.02, the 20-day SMA came into play as resistance, and the Litecoin price fell back, dropping by almost 4% and settling at $136.73. The price recovered on Friday, rising almost 6%, pushing past the 20-day SMA and settling at $144.69. LTC remained bullish on Saturday, rising by 2.10% and moving to $147.74, before falling back on Sunday, dropping by 0.83% and settling at $146.51. The current session has seen LTC push past the $150 mark, as buyers look to push the price to $155.

We can see that the Parabolic SAR is currently bullish, indicating that the price could push higher.

IntoTheBlock’s IOMAP for the Litecoin price shows us that LTC has strong support at around $149.08. At this price level, over 324,000 addresses have bought more than 9.7 million LTC.

Image: IntoTheBlock

LTC/USD volume chart 011822

The 4-hour Litecoin price chart shows us that LTC had surged past the 50-bar SMA on the 12th, rising to $137.45. The price continued to push up from this level, rising to $142.02, but fell back after reaching this level, dropping to $135.88 on the 13th. LINK made a strong recovery from this level, rising to $138.82 and then pushing to $144.74 on the 14th. After registering a marginal drop, LTC surged past the 200-bar SMA, rising to $150.26 on the 15th. LTC fell back after reaching this level, dropping to $148.26 and then slipping below the 200-bar SMA and settling at $144.82. The price recovered from this level, pushing back above the 200-bar SMA on the 17th and then moving to its current level of $151.

We can see that the MACD is currently bearish, but if the price continues to push higher, we could see it flip to bullish.

Image: LTC/USD 4-hour

LTC/USD 4-hour chart 011822

Litecoin Price Is Expected To Reach These Levels

Looking at the Litecoin price chart, we can see that LTC has pushed up considerably during the current session, pushing past the $150 level. If the current sentiment persists, we could see LTC push to $155.