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Litecoin Price Prediction: Is LTC Breaking Above $70 Resistance?

• Litecoin (LTC) is changing hands at $69.19 as the Relative Strength Index (14) hovers around the 50-level.
• The Litecoin price prediction shows that LTC is likely to create additional gains as the market price moves close to the resistance level of $70.
• If the bulls are successful in breaking above the $70 resistance, the price might reach the potential resistance levels of $85, $90, and $95 respectively.

The Litecoin (LTC) price has been in an uptrend since the beginning of December and is currently trading at $69.19. The Relative Strength Index (14) hovers around the 50-level, indicating that the market is in a state of equilibrium. According to the daily chart, the Litecoin price followed a slight downward trend after the bullish rally failed to materialize above the $70 level.

The bulls have been seeking to regain control of the market, and if successful, could send the price towards the upper boundary of the channel. This could potentially hit the resistance levels of $85, $90, and $95 respectively. In order to achieve this goal, buyers must first break above the $70 resistance. If the price breaks above this level, it may indicate further gains in the near future.

On the other hand, if the price fails to break the resistance, it may experience a pullback and could fall towards the support levels of $55, $50, and $45. A break below these levels could cause the price to fall further and may result in a bearish trend.

Overall, the Litecoin price prediction shows that LTC is likely to create additional gains as the market price moves close to the resistance level of $70. If the bulls are successful in breaking above the $70 resistance, the price might reach the potential resistance levels of $85, $90, and $95 respectively. It is important for traders to monitor the price movement closely, as any change in the market could cause a major shift in the price.