Litecoin Price Prediction – Litecoin LTC Surges to the $64 Level as the Bulls Gather Momentum – August 18th, 2020

  • Litecoin LTC Crosses the Resistance at $60 Moving Higher Against the USD as it Sets New Targets
  • Litecoin LTC Sets Next Target at $65, with Higher Highs to Come 

Litecoin Price Prediction – Litecoin LTC has finally crossed the resistance at $60 after struggling for several days. In our Litecoin news yesterday, we noted that moving above this level will most likely lead to higher highs for Litecoin LTC near-term. The token surged as high as $64 and has now set sights at the $70 level. If Litecoin maintains the momentum and moves above the $72 level, it will make more significant progress near-term. For the first time since February, Litecoin LTC might test $80.

Litecoin LTC Price Prediction – Litecoin LTC is Making Gains

At the time of writing, the price of Litecoin LTC was $64.36. This means that it is up by 0.22% against the USD and up by 1.36% against Bitcoin BTC. The trading volume over a 24 hour period was $3,733,058,374 and the market capitalization was $4,200,628,374. The token was following Bitcoin’s lead. Bitcoin BTC is currently trading at $12,005.01. It might be correcting lower but the support at $12k is holding steady and there is hope for higher highs as long as the token holds the line.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$82.66

If Litecoin LTC tests the $80 level during this current bull run, it would leave the difficult months behind. During the rally this morning, the LTC token moved as high as $66.66 level where it faced rejection and declined briefly against the USD. As the token declined, it found strong support at the $64 level. The good news is that the token has passed resistances that it hasn’t crossed in months. The Litecoin LTC token has been this bullish since later in January.

In January, when this happened, the token moved from $40 to $60 in two weeks and it continued to rise against the USD after that. While it faced rejections at different levels during the surge, the token eventually tested $80 in February. Since then, the token has declined steadily safe for a few surges. The price of Litecoin LTC isn’t the only one rising at this time, altcoins are following Bitcoin’s lead and Litecoin LTC is one of the best performing altcoins in the market. If the bullish momentum in the market continues, Litecoin will certainly rise as high as $80. Maybe it will even be able to test $100 this time. Lower lows might lead the LTC token back to the $50 level. We just have to wait and see how it turns out.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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