|

Litecoin Price Prediction: LTC recovery moves eye $233.00 inside rising channel

  • LTC/USD bounces off three-day low inside a bullish chart pattern.
  • A confluence of channel’s support, 50-SMA tests short-term sellers, bulls aim for February’s high.

LTC/USD picks up bids near $218.00, up 1.82% intraday, during early Monday. In doing so, the cryptocurrency pair recovers from the lowest since Friday as RSI pullback from overbought territory catches a breather inside a three-week-old rising channel.

Given the pair’s rejection to the previous consolidation, inside a bullish chart pattern, LTC/USD eyes to revisit the $230.00 round-figure during the latest upside momentum.

However, the stated channel’s resistance line around $233.00, followed by February’s high near $247.00, will be tough nuts to crack for LTC/USD bulls.

Meanwhile, sellers will find it difficult unless breaking convergence of 50-SMA and the stated channel’s support line, around $203.00, a break of which can drag the quote towards an ascending trend line from late January, currently around $168.00.

If at all, LTC/USD sellers dominate past-$168, February’s bottom surrounding $153 will be the key.

Overall, LTC/USD remains in an upward trajectory with a bumpy road to the north.

LTC/USD four-hour chart

Trend: Further upside expected

Additional important levels

Overview
Today last price217.9022
Today Daily Change3.8972
Today Daily Change %1.82%
Today daily open214.005
 
Trends
Daily SMA20189.1202
Daily SMA50180.4222
Daily SMA100152.2396
Daily SMA200104.8313
 
Levels
Previous Daily High227.9324
Previous Daily Low213.9862
Previous Weekly High224.279
Previous Weekly Low180.0235
Previous Monthly High246.9216
Previous Monthly Low126.0637
Daily Fibonacci 38.2%219.3137
Daily Fibonacci 61.8%222.605
Daily Pivot Point S1209.35
Daily Pivot Point S2204.695
Daily Pivot Point S3195.4037
Daily Pivot Point R1223.2962
Daily Pivot Point R2232.5874
Daily Pivot Point R3237.2424

Author

Anil Panchal

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

More from Anil Panchal
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.