Litecoin Price Forecast – How High Can The LTC Price Go? – CryptoTicker

Litecoin reached our correction target of ±$40 and bounced off it with strength in order to correct upwards. How high can the lTC price go now?

Litecoin Price Forecast – The Litecoin price reaches the golden ratio at ±$40 then bounces off it!

LTC/USD daily price chart
LTC/USD 1D – Tradingview

So far, the Litecoin price was able to bounce off the golden ratio support at ±$40, and could be heading towards the 0.382 Fib resistance at ±$50, where the trendline will serve as an additional resistance. In the middle-term the trend is pretty bearish, as it additionally came to a death cross of the EMAs, confirming the bear trend.

Litecoin Price Forecast – Up and down potential!

LTC/USD weekly price chart
LTC/USD 1W – Tradingview

The Litecoin price could rise from ±$40 to ±$50, equivalent to a 27% upward potential. But should the Litecoin price bearishly break through the golden ratio level at ±$40, it would only find support again between 24 – 30 $. That’s the equivalent of a 37% drop.

In the weekly chart the MACD continued its bearish developmet. An end to the downwards trend is not in sight.

Litecoin Price Forecast – Should the Litecoin price not break under the $40 mark…

LTC/USD monthly price chart
LTC/USD 1M – Tradingview

In the monthly charts Litecoin rose to the 0.382 Fib resistance at $71, only to retrace to ±$40. As long as LTC doesn’t break under the ±$40 mark, the upward trend would remain intact and the Litecoin price could once again target the resistance at $71. However the MACD histogram is ticking lower already this month, and as far as LTC breaks below $40 the trend would be bearish.

Litecoin Price Forecast – At the horizontal resistance!

LTC/BTC weekly price chart
LTC/XBT 1W – Tradingview

Litecoin finds itself at the horizontal support against Bitcoin, which lies between 0.002986 and 0.004066 BTC. Previously the LTC price was able to rise to the 0.382 Fib resistance at 0.00582 BTC, but was bearishly rejected there.

Also here, things are looking bearish for the middle-term. The LTC/BTC trend is definitely bearish!

Best Regards and successful trading


Follow CryptoTicker on Twitter and Telegram for daily crypto news and price analyses!

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you



Nexo – Your Crypto Banking Account

Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.


This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission – but the prices do not change for you! 🙂

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

You might also like

Skip to content