Litecoin (LTCUSD) Looks Good for Long at $136.13 Price Level

Litecoin (LTCUSD) Price Forecast: February 20

LTCUSD price is doing well. The coin is actually making positive moves and also looks good for long at $136.13 price level.
The crypto price is soaring and will most likely continue its bullish run and the price could still go higher if the bulls are able to break up the $147.22 peak value, then we can expect a good upside momentum up to $150.00 upper resistance level and beyond.

Key Levels:
Resistance Levels: $110.00, $112.00, $114.00
Support Levels: $85.00, $75.00, $65.00

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

The higher time frame indicates that Litecoin’s price is soaring and looks good for long at its recent price level, even as Bitcoin and other altcoins retreat. The price is in a bullish momentum and signifies a buy signal.
The bulls’ pressure at the $129.63 supply value in the last session has sustained the token price above the supply trend levels in its recent high.

The LTCUSD buyers responded to the market structure, by pushing the crypto price to a high of $136.13 mark above the moving average as the daily chart opens today, indicating more forces from the buy traders and bullish commitment.

Based on the outlook, should the bulls go higher and close above the $147.22 high mark, a bullish breakout above the prior high mark will confirm the improved market sentiment.

The momentum indicator also signaled up, indicating an uptrend. Buyers might continue with the trend; in this case, the price of LTCUSD might surge to reach the $150.00 upper resistance value soon in its long-term perspective.

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

LTCUSD pair looks good for long at the $136.13 supply level as the bulls remain dominant in its medium-term perspective. The coin is trading above $134.75 and facing the overhead resistance at the recent high.
The Litecoin price rises significantly above the resistance trend lines at the $136.13 level as the 4-hourly chart begins today due to a bullish impact on the market price.

As anticipation builds for the upcoming surge, if the bulls increase their tension on the market activities, the token price may swing to hit the $139.82 previous high level, footing the coin market to rise further.

Hence, LTCUSD is showing more upside possibility as indicated by the daily stochastic pointing in an upward direction. As a result, the coin buyers may continue to dictate the market conditions and the pair may increase to the $150.00 resistance level in the days ahead in its medium-term perspective.

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