LTC Price Break Resistance And Enters Ascending Triangle: How High It Might Get In October?

Price Predictions
Wed, 10/09/2019 - 12:22
Vera Yurina
Litecoin (LTC) price is on the way to new breakouts! What to expect from LTC in October and the nearest weeks? Read LTC price predictions from TradingView
Cover image via www.tradingview.com

Litecoin has recently managed to overcome the $57 resistance, which is a very good sign! Traders believe it means LTC is set up for skyrocketing, but how high is its potency? Let’s read LTC price prediction from TradingView that explains the Litecoin’s possibilities.

Litecoin (LTC) price chart by TradingView

Earlier this year, Litecoin (LTC) was by far, one of the best performers in the crypto space. It yielded +400% returns in the first half of 2019, outperforming BTC and the market as a whole. Starting in early July, things took a turn for the worse and LTC lost over half its value settling in the $58 range.

Related
Cryptocurrency Donations for Japan Politicians Approved by the Law!

Looking at the long term trend of LTC, we can see that volatility is a normal thing. This is mostly due to the highly speculative price of this digital asset. After looking at the long term pattern LTC is forming, it’s starting to take the shape of a bullish flag, although it’s still too early to know for sure. LTC is sitting on some solid support with the RSI showing bullish divergence, so keep an eye out for a reversal.

If Litecoin continues going in the ascending line, it might easily overcome the $60-70 resistance during October and continue reaching new heights. In November-December, LTC could even reach $100 threshold, if the bullish market will be thriving.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions, can be contacted at vera.yurina@u.today

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy