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Litecoin (LTCUSD) Price Forecast: February 1
Litecoin (LTCUSD) has experienced a modest increase, suggesting its buying time is now as the price currently runs a bullish race. The cryptocurrency is facing high pressure from the bulls, signaling the rebound could be long-lived. Conversely, if the coin prices could sustain above the previous high of $147.22, the bulls’ trend would continue upward and might hit the $150.00 upper high level, attracting the newest buyers.
Key Levels:
Resistance Levels: $128.00, $129.00, $130.00
Support Levels: $95.00, $85.00, $75.00
LTC (USD) Long-term Trend: Bullish (Daily Chart)
The daily time frame of Litecoin reveals its buying time is now as the pair remains positive with bullish sentiment.
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.
With sustained buying, the LTCUSD price challenged another resistance zone of $131.15 above the moving averages as the daily chart resumes today, suggesting its buying time is now, as the bulls attempt to prolong the bullish rally.
However, an additional effort by the bulls to $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.
Due to this fact, it is expected that buyers to push the price of LTCUSD further up to a significant level, and in this case, the target might be the $150.00 supply level in the higher time frame.
LTC (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term chart, prices are above the moving averages, suggesting its buying time is now and a confirmed bullish sentiment, breaking the previous high. The pair is in a smooth uptrend, indicating a bullish trend. 
Pressure from the bulls at the $119.53 high value in the previous action has sustained its upward stability in its recent buying time.
LTCUSD is losing bearish momentum as it rises to a $128.83 high level above the moving averages as the 4-hourly chart begins today, indicating its buying time is now, due to a high bullish impact on the market price.
Amid market volatility, if the crypto’s price could sustain above the $141.14 high level, the potential rally could surge toward the upper resistance level, offering a good entry point for coin buyers.
Hence, Litecoin shows more upside possibility as it remains in an uptrend on the momentum indicator. As a result, the pair may surge to reach the $150.00 upper resistance level in the days ahead, suggesting its buying time is now in its medium-term time frame.
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