$LTC $BTC Daily Analysis of $LTC

The price of Litecoin LITECOINLTC (LTCUSD) has slid downward during its recent trading at the moment levels, to reap the profits of its recent rises, and at the same time try to drain some of its clear buying saturation with the relative strength indicators, especially with the beginning of the negative signals from them, to gather its positive forces that may help it recover and rise again, amid the dominance of the main upward trend in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period.

Therefore, our expectations suggest that the price of the currency will return to rise during its upcoming trading, as long as it is stable above the $112.98 level, targeting the resistance level of $151.93.

The expected direction for upcoming trading: Likely to rise