Litecoin Sways above the $90 Support as It Targets the $120 High

Key Highlights
Litecoin fluctuates below the $100 resistance
Litecoin targets the high of $123

Litecoin (LTC) Current Statistics
Market Capitalization: $8,260,207,599
Trading Volume: $739,626,004
Major supply zones: $140, $160, $180
Major demand zones: $120, $100, $80

Litecoin (LTC) Price Analysis April 14, 2023
The price of Litecoin (LTC) has been fluctuating within the bullish trend zone as it targets the $120 high. For the past two weeks, Litecoin has been swaying above the moving average lines but below the resistance at $100.The price of LTC will rise as soon as the resistance at $100 is broken. As of the time of writing, one Litecoin is worth $97.80. On the plus side, if price breaks through the resistance, the altcoin will soar to a high of $120. The price indicator, however, has predicted that a new high of $123 will be reached. Litecoin will be forced to move in a range between $90 and $100 where it faces rejection at the recent high.

Litecoin (LTC) Technical Indicators Reading
On the Relative Strength Index for Period 14, Litecoin is at level 62. Since the altcoin is in the uptrend zone, its price will rise further. As long as the price bars are above the moving average lines, the coin will also increase. As the cryptocurrency asset gets closer to the overbought area of the market, it might be rejected. It is in bullish momentum when it is above the daily Stochastic’s level of 70.

Conclusion
Litecoin is in an uptrend as it targets the $120 high. The resistance level has overbought the market. The market is resisting the uptrend as it approaches overbought territory. The altcoin will drop and keep swaying in one direction.

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