Litecoin (LTCUSD) Between the Hammer and the Anvil - Analysis - 12-31-2024

The price of Litecoin LITECOINLTC (LTCUSD) rose during its recent trading at the moment levels, amid the dominance of the main upward trend and its trading along a trend line, with the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations, but in light of that, the price suffers from negative pressure due to its trading below its simple moving average for the previous 50-day period, which may curb the upcoming price gains.

Therefore, our expectations indicate further rise in the price of the currency during its upcoming trading, especially in the event that it returns to stability above the $101.30 level, to then target the first resistance levels of $125.40.

The expected direction for the upcoming trading: Likely to rise $LTC