Litecoin (LTCUSD) Looks Good for Long at $131.95 Price Level

Litecoin (LTCUSD) Price Forecast: March 1

The LTCUSD pair is making positive moves and looks good for a long at the $131.95 price level. The coin price finds resistance again and has time to prove more reliable with a limited downside. The token will most likely continue its bullish run, and the price could still go higher if the bulls can break up the $141.14 peak value. Then, we can expect a good upside momentum to the $150.00 upper resistance level and beyond, offering a good entry opportunity for coin buyers.

Key Levels:
Resistance Levels: $135.00, $136.00, $137.00
Support Levels: $96.00, $97.00, $96.00

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

The Litecoin market depicts a beautiful bullish momentum looks good for a long and signifies a buy signal in its long-term outlook. The price is moving towards the overhead resistance above the moving average, indicating a bullish trend.
The pressure from the bulls with a long bullish candle to the $124.47 supply value in the last session has sustained the crypto price above the supply trend levels in its recent high.

The LTCUSD pair looks good for long as the bulls break out to a high at the $131.95 resistance mark above the moving average lines as the daily chart resumes today, indicating more forces from the buy traders and bullish commitment.

Based on the outlook, should the bulls go higher and close above the $141.14 high barrier level, a trend will reflect the improved bullish market sentiment.

Notably, the momentum indicator also signaled up, indicating an uptrend. Buyers are expected to continue with the trend.

In this case, the price of Litecoin might surge to reach the $150.00 upper resistance value in the days ahead in its long-term perspective.

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

LTCUSD indicates an upward trend with a long desire for the bulls in its medium-term perspective. The coin is trading above the $130.00 high point and facing the overhead resistance at the recent high.
The coin price rises significantly above the resistance trend lines to a $131.58 level as the 4-hourly chart begins today, due to a bullish impact on the market price.

Hence, Litecoin looks good for a long and may remain in the same position as suggested by the daily stochastic pointing up.

Thus, if the bulls can add extra efforts to their buying pressure, the token price may surge to the $139.82 resistance point and extend further to reach the $150.00 upper high level in the days ahead as the bulls continue to dictate the market conditions in its medium-term perspective.

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