Litecoin Prediction Today, January 29, 2023: LTC/USD Leaps Up!

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Litecoin is ranked second on the Crypto Daily Movers list. This crypto has increased in price by roughly 8%. Let’s get a closer look at the price action of this coin to see what’s in it for traders.

Litecoin Analysis Statistics Data:
Litecoin value now: $95.51
LTC market cap: $6.90 billion
LTC moving supply: 72. 16 million
Litecoin Total Supply: 84 million
LTC Coinmarketcap ranking: #13

Major Price Levels:
Top: $95.25, $98.00, $100.00
Base: $94.00, $92.00, $90.00

Litecoin Prediction Today January 29, 2023: LTC/USD Price May Keep Moving Towards the $100 Mark

LTC/USD price action It looks set to keep taking on elevated resistance. This inference can be drawn from the fact that its price action broke through the Fibonacci level of 23.60 at the $91.45 price level. The last price candle on this chart has pushed prices up from the $90 mark to their current price of $95.25. Also, price activities in this market are now occurring above the middle limit of the Bollinger band. Consequently, this suggests that price action may maintain its upward path. Even so, both the RSI and MACD keep predicting that the upside momentum is still building. The RSI indicator has shown a bullish crossover in the oversold area. Meanwhile, the MACD indicator has also shown a bullish crossover while remaining above the equilibrium level. Therefore, upside hopes may still be on for Litecoin.

Litecoin Prediction Today January 29, 2023: LTC/USD Upside Hope Stays On

On the LTC/USD 4-hour market, price action seems determined to keep moving upwards. Here it can be seen that price action has reached the upper limit of the applied Bollinger band indicator. Meanwhile, the lines of the Stochastic RSI are now touching at the tip in what seems like an attempt at a bearish crossover. However, the curves of the MACD are still rising above the equilibrium levels. Also, the histogram bars of the MACD indicator are still growing tall and green to indicate an increase in upside momentum. Therefore, traders in this market may keep their hopes alive as Litecoin’s price may soon claim the $98 price level.

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