Litecoin Price Prediction for Today March 31 – LTC Technical Analysis

adminApril 1, 2024

join us telegram A channel to stay up to date on breaking news coverage

Litecoin price predictions are higher, but a break above $110 is expected to push the coin towards the $120 resistance level in the next trading session.

Litecoin strong breakout, $120 target amid market uncertainty

Litecoin (LTC) has outstanding performance that sets it apart from many other major assets. LTC price is showing a V-shaped recovery on the daily chart, indicating a possible breakout from its long-standing triangle pattern. This suggests a bullish trend, in contrast to the cautious stance of the market. Litecoin’s positive momentum is particularly notable, as it has successfully overcome the recent market correction by rebounding from the $77 support level in late March.

Litecoin price statistical data:

Current Litecoin price – $105
Litecoin market capitalization – $7.8 billion
Litecoin Circulating Volume – 74.3 million
Litecoin total supply – 84 million
Litecoin CoinMarketCap Ranking – 20th

LTC/USD Market

Main level:

Resistance levels: $120, $125, $130

Support levels: $80, $75, $70

Litecoin Price Prediction for Today March 31 – LTC Technical Analysis — LTCUSD – daily chart

LTC/USD is trading near resistance at $105 after hitting a daily high of $106.47 in European trading today. However, hitting a daily high is a move that could easily push it above $110 and pave the way for the $115 resistance level. Therefore, if the 9-day moving average exceeds the 21-day moving average, the market may see the bull market getting stronger.

Litecoin Price Prediction: What to Expect from Litecoin (LTC)

Litecoin price currently remains above the 9-day and 21-day moving averages after making a significant recovery from the low of $92.89. This shows that buyers can continue to dominate the price movement and easily push the coin towards potential resistance levels of $120, $125, and $130. This means that if buying action fails to break the upper boundary of the channel, the coin may settle for consolidation instead.

Nonetheless, a breakout beyond the upper boundary of the channel could have an impact on the price. Moreover, it is time for buyers to increase their confidence in the recovery as $110 is still within reach. Meanwhile, if the bears bring the coin below the moving averages, it could hit the support levels of $80, $75, and $70.

LTC/BTC soars northward

Litecoin price remains above the 9-day and 21-day moving averages as the 9-day MA against Bitcoin is poised to surpass the 21-day MA. Meanwhile, if the market price eventually holds and closes above the moving average, traders can expect a long-term bullish move.

On the other hand, a bearish move towards the lower boundary of the channel could meet key support at 1200 SAT and drop below 1100 SAT, while buyers may need to push the market towards potential resistance above 1700 SAT.

Nonetheless, @Sean0c3 shared an analysis with his followers on In his opinion, #Litecoin should not be overlooked. 🚀

Look like that $LTC We’re looking to end the month strong…and break a three-year downward trend. #Litecoin In my opinion, it should not be ignored. 🚀 pic.twitter.com/DH8wkAXm8I
— Sean (@Sean0c3) March 31, 2024

Litecoin Alternatives

The current trend in Litecoin price reflects bullish momentum, and if the upward trend continues, it is likely to target the nearest resistance level of $110. Litecoin continues to show resilience despite remaining firmly entrenched in the cryptocurrency space with a market capitalization of $7.8 billion and 20th place. However, the emergence of Bitcoin Minetrix provides investors with a new avenue for innovation and growth. With over $12.8 million in pre-sales, technological advancements, and community support, Bitcoin Minetrix is emerging as an attractive investment opportunity.

Bitcoin Minetrix raises $12.5 million! Next 20x Cryptocurrency?

BTCMTX has raised over $12.8 million, providing investors with a unique opportunity to join a thriving venture with tremendous growth potential. This significant increase reflects strong investor confidence in BTCMTX, making it an attractive investment option for those seeking significant returns. By investing now, individuals can enjoy an early entry advantage and become part of a supportive community dedicated to the success of their token.

You can now enjoy the benefits of Bitcoin Minetrix.