Litecoin’s Upward Move Threatens as It Faces Rejection at $95

Key Highlights
Litecoin breaks above the moving average lines
LTC/USD targets the high of $107


Litecoin (LTC) Current Statistics
Market Capitalization: $90.09
Trading Volume: $7,567,590,557
Major supply zones: $140, $160, $180
Major demand zones: $120, $100, $80

Litecoin (LTC) Price Analysis March 30, 2023
Litecoin (LTC) price is rising as it faces rejection at $95. The present upswing will continue if it stays above the moving average lines. Buyers are pressuring the coin to test its previous record high of $105. The current surge may terminate if the bears’ breach below the 50-day line SMA. The drop will move in a lateral direction. On the upswing of March 24, a retraced candle body tested the 50% Fibonacci retracement line. According to the retracement, LTC will rise to level $107.66, or level 2.0 of the Fibonacci extension. The price movement indicates that the price of LTC has increased above the moving average lines to a high of $90.

Litecoin (LTC) Technical Indicators Reading
In the Relative Strength Index for Period 14, Litecoin is at level 54.
The cryptocurrency asset is in a bullish trend zone and may keep moving in that direction. The fact that the cryptocurrency is above the moving average lines will cause it to rise. The daily Stochastic level of 50 marks the return of the bullish momentum.

Conclusion
Litecoin’s price is in a bullish trend area as it faces rejection at $95. There is opposition to the cryptocurrency at the high of $96. The recent upswing will resume if the most recent high is broken. Doji candlesticks, which caused the price to move more slowly, signal a rising advance.

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