Litecoin Price Prediction: LTCUSD trades around the $110 level

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Litecoin Price Prediction – February 24
According to daily data, the Litecoin price prediction shows that LTC is yet to climb to the $110 level, with the price hitting a low of $91.52.
LTC/USD Market
Key Levels:
Resistance Levels: $150, $170, $190
Support Levels: $55, $35, $15
LTCUSD – DAILY CHART
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LTC/USD
Currently struggling to rebound from the daily low of $91.52, the coin is ready to break above the 9-day moving average. Meanwhile, the nearest key support level remains at $90, but if the coin breaks and closes the daily candle below this level, it could decline below the lower boundary of the channel.
Litecoin Price Prediction: Litecoin (LTC) faces downside
According to the daily chart, Litecoin price remains below the 9-day and 21-day moving averages and if the market price remains below this barrier, it might experience a period of bearish momentum and might target the nearest support level of $80 and then break out of the lower boundary of the channel to reach the $55, $35, and $15 support levels.
However, if Litecoin (LTC) breaks above the moving averages, it could face a bullish move towards the upper boundary of the channel. If the price decides to maintain the bullish trend, the coin could find potential resistance levels of $150, $170, and $190 in a sideways movement below the 40 level suggested by the technical indicator Relative Strength Index (14).
Litecoin price is showing bearish sentiment compared to Bitcoin and may continue to trade below the 9-day and 21-day moving averages. If bulls try to stop the current trend, bears may continue to unleash huge pressure on the market as the technical indicator Relative Strength Index (14) is ready to cross into the oversold zone, providing more bearish signals.
Furthermore, if the Litecoin price touches the lower boundary of the channel, it could reach the nearest support of 2500 SAT. Any further negative movement could drop the price to 2200 SAT and below. In case of a rebound, the coin can revisit the upper side of the channel at 3200 SAT and then continue to rise, potentially seeing a bull run towards the resistance level of 3400 SAT and above.
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