LiteCoin Playing Out As Predicted! Sell Now?

?
LiteCoin Playing Out As Predicted! Sell Now?
LiteCoin Playing Out As Predicted! Sell Now?

Litecoin saw a massive rejection in price today after the Altcoin traders attempted to push prices above the expanding channel and into the bullish territory.

In our previous Litecoin analysis Warning: Litecoin Could Crash 35% Today!, we talked about the likelihood of a spike-like this occurring soon and how to get ready for it.

Litecoin price prediction from previous analysis Warning: Litecoin Could Crash 35% Today!

What Next?

LiteCoin Playing Out As Predicted! Sell Now?
Litecoin testing key levels on the 4-hour timeframe. Will history repeat on the Litecoin price soon?

The Litecoin price has fallen back within the expanding channel and is looking very bearish at the moment. There is a very high probability that we might see the price continue to head lower in the coming days, repeating the pattern that we can see occurred 3 times in the past already!

The key level to watch is the $128 horizontal support level. We can see the price ranged in this area before breaking out to the upside. That is still holding and might be a great support region for the bulls to fight back and keep on pushing the price higher.

Key levels to watch for on the 4-hour timeframe in the coming days

Bearish Price Prediction

LiteCoin Playing Out As Predicted! Sell Now?
Bearish price prediction for Litecoin on the 4-hour timeframe

For the bearish prediction, we want to see Litecoin break through the $128 horizontal support. A break below this price would signify that the Litecoin sell has begun and we can expect to see the Altcoin crash to the base of the expanding channel in a matter of days.

Bullish Price Prediction

Bullish price prediction for Litecoin on the 4-hour timeframe

For the bullish price prediction, we want to see the Litecoin price bounce from and hold the $128 support. This is the only way for the bull run to occur.

If this price bounce occurs, we can expect to see Litecoin surge even higher in the coming days.

Final Verdict

Wait for price confirmation. For the sell confirmation, Litecoin must break and begin trading below $128 horizontal support.

However, if this level holds, we can expect to see the Litecoin price find support and begin to head and higher from here.

Sign-up to Phemex today. You also get up to $130 in bonus when you sign up with my Phemex link and deposit the required minimum.

Claim up to $4100 in Bonus

100x Leverage

Become Crypto Expert

Speed up your learning process by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

Crypto Trading Made Hassle-Free

Tired of the hassle that comes with technical analysis? If so, PrimeXBT Covesting allows you to mimic experienced traders. Sign up with our link today.

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $4100 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim up to $7000 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: