litecoin price prediction ltc usd retreats at 115 to follow downtrend

Litecoin Price Prediction: LTC drops to $115 in a downward trend.

Litecoin Price Prediction – February 20

The Litecoin price prediction faces a sharp price decline of around 4.62% at the time that the market opens, and it currently trades at $110.25.

LTC/USD Market

Key Levels:

Resistance levels: $165, $175, $185

Support levels: $75, $65, $55

Litecoin Price Prediction
LTCUSD – Daily Chart

According to the daily chart, LTC/USD is trading below the 9-day and 21-day moving averages. However, the Litecoin price failed to break above the moving average as it’s been rejected. More so, the buyers may need to change the price movement towards the upper boundary of the channel so as a clear break of this barrier may take the coin up to the nearest resistance level of $150 level.


See also  Ethereum (ETH) outlook after rallying to new all-time highs