Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»LTC Rally Could Extend to $120
EXCHANGE NEWS

LTC Rally Could Extend to $120

By Crypto FlexsApril 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
LTC Rally Could Extend to 0
Share
Facebook Twitter LinkedIn Pinterest Email

Litecoin price is up more than 10% and is trading above $105 against the US dollar. LTC may continue to rise towards the $120 resistance zone in the near term.

  • Litecoin is showing positive signs at the $95 support zone against the US dollar.
  • The price is currently trading above $105 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the LTC/USD pair (data feed from Kraken), there is a major bullish trendline forming around support at $101.50.
  • Unless it breaks the $100 support, the price may continue to rise towards the $120 level.

Litecoin Price Rising Bullish Momentum

Over the past few days, Litecoin has picked up speed and has surpassed Bitcoin and Ethereum. LTC price formed a base above the $80 level and began a significant rise.

A breakout occurred above the $88 and $95 resistance levels. The bulls even pushed the price above $100. There was a clear move above the 76.4% Fib retracement level of the downward move from the $105.71 swing high to the $77.00 low. A new multi-week high was reached at $112.49 and the price is currently on an upward trend.

It hit a high near $68.40 before starting a new downtrend.

Litecoin is currently trading above $10 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support at $101.50 on the 4-hours chart of the LTC/USD pair.

On the other hand, immediate resistance is located near the $112.50 area. It is near the 1.236 Fib extension level with a downward move from the $105.71 swing high to the $77.00 low. The next major resistance is near the $115 level. If there is a clear break above the $115 resistance, the price could begin a strong rise once again.

Source: TradingView.com LTCUSD

As stated, the price is likely to continue higher towards the $120 and $122 levels. Any more gains could push the price of LTC towards the $132 resistance area.

Are dips supported in LTC?

There could be a downward correction if Litecoin price fails to clear the $105 resistance level. Initial support for the downside is near the $105 level.

The next major support is forming near $100, below which there is a risk of a move towards $95 support. Any further losses could push the price towards the $88 support level.

Technical indicators:

4-Hour MACD – MACD is now pacing in bullish territory.

4-Hour RSI (Relative Strength Index) – The RSI for LTC/USD is above the 65 level.

Key Support Levels – $105 followed by $100.

Key resistance levels – $115 and $120.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Pudgy Penguins briefly flips Bored Ape Yacht Club for rock bottom price.

February 17, 2024

Currently Altcoin Bear Cycle is the longest -what is the next?

June 3, 2025

Trader says ‘Signs of Good Life’, which began to be formed in Memecoin Dogwifhat based on Solana.

January 31, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.