FxNews—Litecoin prices exceeded $90 barriers in today’s trading session, trading at approximately $93 as of this writing. Today’s bullish wave was unexpected because the LTC 4-hour chart formed a long-wick bearish candlestick pattern in yesterday’s trading session, while RSI 14 signaled overbought.
Litecoin Price Forecast
Despite the overbought signal, the Litecoin bulls’ path to the 78.6% Fibonacci retracement level at $99.5 seems paved. Please note that the market outlook remains bullish as long as LTC/USD is above the $85 support.
- Support: 90.0 / 85.0
- Resistance: 99.5