https://ift.tt/9AYFkIb Price Prediction: LTC/USD Plunges Below $125

Litecoin Price Prediction – February 14

According to the daily, the Litecoin price prediction shows that LTC is yet to climb above the 9-day moving average.

LTC/USD Market

Key Levels:

Resistance levels: $170, $180, $190

Support levels: $80, $70, $60

LTC/USD is currently struggling to gather momentum within the 9-day and 21-day moving averages. Meanwhile, the nearest key level of support remains at $120, but if the coin breakdown with a daily candle closes below this level, it may slide below the 21-day moving average.

Litecoin Price Prediction: Litecoin (LTC) May Cross below $100 Support

The Litecoin price is currently trading within the 9-day and 21-day moving averages. However, if the market price crosses below the 21-day moving average, it can experience a period of bearish momentum and it could target the nearest support level at $100 before moving towards the lower boundary of the channel which could hit the support levels of $80, $70, and $60. Meanwhile, for that not to happen, the coin would need to divert its movement above the 9-day moving average.

However, if Litecoin (LTC) breaks above this barrier, it could move to the north. Should in case the price decides to maintain the bullish movement, the coin may likely find the potential resistance levels at $170, $190, and $210 while the technical indicator Relative Strength Index (14) suggests a bearish movement.

Against Bitcoin, the Litecoin price may continue to follow a bearish movement as it could stay below the 9-day and 21-day moving averages. However, should in case the bulls try to gain momentum, the bears may continue to release huge pressure on the market while the technical indicator Relative Strength Index (14) moves to cross below 40-level; to give more bearish signals.

Moreover, if the Litecoin price slide towards the lower boundary of the channel, it could hit the nearest support at 2800 SAT. Any further negative movement may lower the price to the support at 2500 SAT and below. In case of a rebound, the coin can revisit the 3300 SAT before resuming the rally that could see a bull-run to the resistance level of 3500 SAT and above.

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