Litecoin Price Prediction: LTC Rallies 10% as The Bulls Aim $110

Jun 30, 2023 06:00 am Cryptocurrency 141

Litecoin price is gaining pace above $90 against the US Dollar. LTC could rally further above $100 and rise toward the $110 resistance.

Litecoin is steadily moving higher toward $100 against the US Dollar.

The price is now trading above $90 and the 100 simple moving average (4 hours).

There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC/USD pair (data feed from Kraken).

The price could rally further toward the $100 and $110 levels.

Litecoin Price Regains Strength

After forming a base above the $80 level, Litecoin’s price started a fresh increase against the US Dollar. LTC price broke the $85 resistance to start the current rally.

There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC/USD pair. The pair rallied over 10% and outperformed both Bitcoin and litecoin price prediction rallies bulls