Litecoin Price Prediction: LTC Rally Could Extend To $120

Apr 1, 2024 06:00 am Cryptocurrency 53

Litecoin price is up over 10% and trading above $105 against the US Dollar. LTC could continue to rise toward the $120 resistance zone in the near term.

Litecoin is showing positive signs from the $95 support zone against the US Dollar.

The price is now trading above $105 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $101.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken).

The price could continue to rise toward the $120 level unless it breaks the $100 support.

Litecoin Price Gains Bullish Momentum

In the past couple of days, Litecoin gained pace and outperformed Bitcoin and Ethereum. LTC price formed a base above the $80 level and started a decent increase.

There was a break above the $88 and $95 resistance levels. The bulls ..

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