The Litecoin price line saw another move towards the downside on the 21st of September. The cryptocurrency moved below to the $43 level. On the previous day, the price line varied closed above the $46 mark on the charts.
1-Day Litecoin price analysis
The cryptocurrency observed a days high of $47.65. LTC price fell to a days low of $41.70 US Dollars at 14:40 GMT. Litecoin was observed trading at $43.99 at the time of writing on Bitstamp.
What to expect from Litecoin?
The Trading View analyst Median Line Analysis is of the opinion that the LTC price will rise towards the $800 mark in a long-term trade.
The cryptocurrency is currently supported above an ascending trend line per the trading chart. The crypto analyst believes that the LTC price will make its way across the $800 mark once this trade comes into play. The analyst used the 1-day chart for the LTCUSD trading pair for this technical analysis.
Whats next for Litecoin?
The Trading View analyst Ride The Pig is of the opinion that the LTCUSD trading pair will observe a wave pattern on the 1-day chart. Per the analyst, the cryptocurrencys price will fall towards the $40 mark in a long-term trade.
The LTC price is expected to turn bullish and rise past the $52 level where the seller market will come into play and the cryptocurrency will return towards the $40 mark. The target price for this trade was marked at $40.08. The cryptocurrency may hold above the $49 level support once it rises above it, before falling towards the $40 level. The analyst also stated that if the cryptocurrency breaks below the $40 level before retesting the $54 mark, the price will be expected to fall towards $25.06.
Will LTC see a rise soon?
The Trading View analyst Crypto Koch is of the opinion that the LTCUSD pair will rise across the triangle pattern and turn bullish. The analyst highlighted the triangle trading pattern for the cryptocurrency on the 1-day chart.
The analyst marked several trade ord ...
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