Is Litecoin Price Ready to Skyrocket?
The post Is Litecoin Price Ready to Skyrocket? appeared on BitcoinEthereumNews.com. Litecoin (LTC) price has been quietly consolidating beneath key moving averages, and the charts suggest a major move is coming. As of June 16, 2025, LTC price is trading around $86.64, showing slight strength, but traders are still hesitant as the coin battles resistance from above. Let’s dive into the daily and hourly charts to understand what’s next and calculate the breakout potential. Litecoin Price Prediction: Is LTC Price Preparing for a Reversal? LTC/USD 1 Day Chart- TradingView The daily chart shows that Litecoin recently bounced off the $80 support level and is now trading just below a key resistance zone between $87 and $89, which coincides with the 20-day and 50-day simple moving averages. Notably, the 100-day and 200-day SMAs are still above the current price, sitting around $88.33 and $101.69, acting as resistance walls. From a Heikin Ashi perspective, there is a gradual shift from bearish candles to smaller-bodied candles, signaling the selling momentum may be losing strength. However, a clear bullish reversal pattern hasn’t been confirmed yet. If LTC breaks and holds above $89 on strong volume, we may see a swift move to the $96–$100 range. What Does the Hourly Chart Reveal? LTC/USD 1 hr Chart- TradingView Zooming into the 1-hour chart, Litecoin price is consolidating in a tight range between $86 and $87.50. The short-term moving averages (20, 50, and 100 SMA) have flattened out, while price is slightly nudging above them—hinting at a possible bullish crossover. The 200 SMA at $87.97 remains the main obstacle in the short-term. If LTC price breaks the 200 SMA on this timeframe and confirms the breakout with a retest, we could expect a quick run-up toward $92, where historical hourly resistance lies. Above that, $96 and $100 are the next Fibonacci extension targets. What Do Fibonacci Levels Say?…
The post Is Litecoin Price Ready to Skyrocket? appeared on BitcoinEthereumNews.com.
Litecoin (LTC) price has been quietly consolidating beneath key moving averages, and the charts suggest a major move is coming. As of June 16, 2025, LTC price is trading around $86.64, showing slight strength, but traders are still hesitant as the coin battles resistance from above. Let’s dive into the daily and hourly charts to understand what’s next and calculate the breakout potential. Litecoin Price Prediction: Is LTC Price Preparing for a Reversal? LTC/USD 1 Day Chart- TradingView The daily chart shows that Litecoin recently bounced off the $80 support level and is now trading just below a key resistance zone between $87 and $89, which coincides with the 20-day and 50-day simple moving averages. Notably, the 100-day and 200-day SMAs are still above the current price, sitting around $88.33 and $101.69, acting as resistance walls. From a Heikin Ashi perspective, there is a gradual shift from bearish candles to smaller-bodied candles, signaling the selling momentum may be losing strength. However, a clear bullish reversal pattern hasn’t been confirmed yet. If LTC breaks and holds above $89 on strong volume, we may see a swift move to the $96–$100 range. What Does the Hourly Chart Reveal? LTC/USD 1 hr Chart- TradingView Zooming into the 1-hour chart, Litecoin price is consolidating in a tight range between $86 and $87.50. The short-term moving averages (20, 50, and 100 SMA) have flattened out, while price is slightly nudging above them—hinting at a possible bullish crossover. The 200 SMA at $87.97 remains the main obstacle in the short-term. If LTC price breaks the 200 SMA on this timeframe and confirms the breakout with a retest, we could expect a quick run-up toward $92, where historical hourly resistance lies. Above that, $96 and $100 are the next Fibonacci extension targets. What Do Fibonacci Levels Say?…
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