Litecoin (LTCUSD) Buying Time Is Now

Litecoin (LTCUSD) Price Forecast: February 21

LTCUSD buying time is now as the price currently runs a bullish race while the crypto market liquidations jump. The cryptocurrency is up by over 70% from its January low in the last 24 hours as most tokens slipped. Conversely, if the coin prices reach above the previous high of $147.22, the bulls’ trend would continue upward and might hit the $160.00 upper high level, denoting a rise in volatility.

Key Levels:
Resistance Levels: $137.00, $138.00, $139.00
Support Levels: $92.00, $91.00, $90.00

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

Litecoin buying time is now as it remains positive and trades firmly in a bullish momentum on the higher time frame, signifying a buy signal.
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 coin price challenged another resistance zone of $139.82 above the moving averages as the daily chart resumes today, indicating its buying time is now as buyers remain determined to prolong the bullish rally.

As the LTCUSD market sentiment appears positive and suggests its buying time, if the crypto’s price could sustain above the $136.00 high level, the potential rally could surge higher to hit $147.22 prior level and beyond, signaling the potential for significant gains.

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

Thus, buyers may push the price of LTCUSD further to a significant level. In this case, the target might be the $160.00 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 and have confirmed a bullish momentum, suggesting its buying time is now, breaking the previous high. The pair is in a smooth uptrend, according to the chart below.
Pressure from the bulls at the $129.76 high value in the previous action has sustained its upward stability in its recent high.

LTCUSD is losing bearish momentum as it rises to a $137.62 high level above the moving averages as the 4-hourly chart begins today due to a bullish impact on the market price.

Hence, Litecoin indicates more upside possibility as shown by the momentum indicator pointing upwards.

Due to this, more gains and strength are anticipated from the coin, leading the pair to reach the $160.00 upper resistance level in the days ahead in its medium-term time frame.

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