Will Litecoin Trigger A Jump To $100? 

Inside the lateral motion of Litecoin, the LTC worth pattern faces bearish dominance on the $68 horizontal zone. With a number of breakout makes an attempt, the worth motion reveals an inverted head and shoulder sample rising within the day by day chart. 

Nonetheless, the bullish sample faces a number of bearish oppositions which may delay or reverse the triggering of the breakout rally. 

With a dominant resistance trendline in movement, the LTC worth pattern stays beneath bearish management, resulting in decrease excessive formation. Following the sharp fall with the demise cross within the day by day chart, the Litecoin worth struggles to get any notable bullish momentum. 

Presently, with the latest worth soar in help of the Uptober rally available in the market, Litecoin challenges the overhead bearish stops. Nonetheless, the 50-day EMA and the resistance trendline preserve the bullish development beneath verify. 

With consumers struggling to beat the resistance trendline, try our Litecoin worth prediction for a long-term perspective.

As of now, the LTC worth trades at $66.55 with an intraday development of 0.83% because the consumers goal to finish the inverted head and shoulder sample. Nonetheless, the latest bearish engulfing candle fashioned as a result of incoming provide warns in any other case.  

Technical indicators:

DMI indicator: The falling ADX line continues the destructive pattern, reflecting a low momentum part for Litecoin. Nonetheless, the bullish turnaround within the DI traces tasks a excessive risk of an upside breakout.  

EMA: Sustaining above the 50-day EAMA will probably be essential for Litecoin’s worth to proceed the restoration rally. 

Will LTC Value Rise To $100?

If the worth of LTC completes the bullish sample, it should break by means of the $68 resistance stage to set off a bull run. If the breakout happens, the LTC worth could face resistance on the $80 stage earlier than reaching the $100 mark.

Alternatively, if the downtrend persists, it’s going to break by means of the $60 stage and take a look at the bullish dominance on the $50 help stage.