Litecoin Price Prediction – August 9
The Litecoin price prediction shows the coin moving down within the channel as its sell-offs may be extended further.
LTC/USD Market
Key Levels:
Resistance levels: $185, $195, $205
Support levels: $120, $110, $100
![Litecoin Price Prediction](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2021/08/litecoin-price-prediction-ltc-usd-makes-a-comeback-below-150.png)
LTC/USD is currently changing hands at $148.62, down from the recent high of $157 that was attained a couple of days ago. The Litecoin price is moving synchronously around the 9-day moving average on the market and it is mainly influenced by speculative sentiment and technical factors, while fundamental developments remain in the shadows.
Litecoin Price Prediction: What Would be the Fate of Litecoin (LTC)?
As the daily chart reveals, the Litecoin price is likely to cross below the 9-day moving average as bulls failed to hold the ground. The widespread retracement on the market could push the coin below the 21-day moving average with the next local support located at $300. Meanwhile, this level is likely to limit the correction and serve as a jumping-off ground for another bullish wave.
However, if the coin continues to drop, it is likely for the sell-off to gain traction with the next focus on $120, $110, and $100 support levels. On the upside, the initial resistance may be created above the 9-day moving average at $155 and traders may need to see a sustainable move above the upper boundary of the channel to test $170. The further bullish movement could touch the $185, $195, and $205 resistance levels despite the fact that the daily Relative Strength Index (14) moves below 60-level, suggesting more bearish signals.
Against Bitcoin, the Litecoin price continues to experience a tremendous downtrend, as the coin remains below the 9-day and 21-day moving averages. The bulls have not been able to push the market above the moving averages as the technical indicator Relative Strength Index (14) keeps heading to the south.
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2021/08/litecoin-price-prediction-ltc-usd-makes-a-comeback-below-150-1.png)
However, the critical support level could be located at 3100 SAT and below. Moreover, if bulls begin to power the market, the coin may likely break above the 9-day and 21-day moving averages to find the potential resistance level at 3800 SAT and above.
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Source: https://insidebitcoins.com/news/litecoin-price-prediction-ltc-usd-makes-a-comeback-below-150
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