Litecoin Price Prediction – Will the price increase by 90%?

It has been some time since our last Litecoin price forecast . But what has happened to the Litecoin course in the meantime? Many altcoins are at key supports that need to be held. Should this break we assume that we are in a bear market. But how could the course develop in the near future? We'll enlighten you!

Litecoin price was able to form support at $100 – $130 during the bull market. This support has already served as a support twice and may break the third time. Now that we had served the support for the second time, a bounce could now occur. The price increase could last until the next resistance zone. This resistance zone lies around $280 – $320. This would be the target of the next up move (Provided the price doesn't break the $100 support).

The Litecoin course has formed a line between the two zones. This line has often served as resistance in the past, so we now again believe that price could bounce there. What can also happen is that Litecoin price breaks the $232 resistance in the short term to move up into the resistance area. After that, a stronger sell off might occur for the price to drop below the $232 resistance again.

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