Litecoin (LTCUSD) Buyers Are Leading

Litecoin (LTCUSD) Price Forecast: February 13

LTCUSD buyers are leading with whales piling on bullish pressure driven by positive sentiment from the coin investors. The market suggests its buying time is now as the price currently runs a bullish race. The cryptocurrency is facing high pressure from the bulls. Conversely, if the coin prices sustain above the previous high of $147.22, the bulls’ trend might continue upward to hit the $160.00 upper high level.

Key Levels:
Resistance Levels: $131.00, $132.00, $133.00
Support Levels: $85.00, $75.00, $65.00

LTC (USD) Long-term Trend: Bullish (Daily Chart)

Litecoin turns positive today, suggesting buyers are leading as the price remains steady above the resistance level in its higher time frame. The price is above the moving average, indicating a bullish momentum.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.

The LTCUSD price challenged another resistance zone of $132.21 above the moving averages as the daily chart resumes today, suggesting buyers are leading and attempting to prolong the bullish rally.

However, an increased effort by the bulls to retest the $147.22 previous swing high would invalidate any further bearish thesis.

Next, the underlying sentiment suggests an uptrend continuation in the coming days, as indicated by the daily stochastic.

It is expected that buyers will push the price of LTCUSD further to a significant level. In this case, the target might be the $160.0 supply level in the higher time frame.

LTC (USD) Medium-term Trend: Bullish (4H Chart)

On the medium-term chart, buyers are leading, as prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend from the chart below.
Pressure from the bulls at the $121.52 high value in the previous action has sustained its upward stability in its recent high.

LTCUSD buyers are leading as it rises to a $132.21 high level above the moving averages as the 4-hourly chart begins today, attracting big players to drive the coin price higher.

Based on the forecast, should the bulls push higher and close above the $135.35 high mark, a bullish breakout confirmation will represent a better market mood.

Hence, Litecoin indicates more upside possibility as shown by the momentum indicator pointing upwards. As a result, the pair may likely reach the $160.00 upper resistance level in the days ahead in its medium-term time frame.

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