Litecoin Value Forecast: LTC Volatility Spikes 15% as Litecoin Founder, Charlie Lee Hints ETF Approval…

Technical indicators additional emphasize this constructive Litecoin value forecast. With the Bollinger Bands widening amid a 6.5% upswing within the final 48-hours, LTC value seems poised for an additional leg-up in the direction of $75.

At the moment, the center band (20-day MA) at $75.67 is the short-term resistance to beat. If Litecoin value can shut above this degree, it may mark the beginning of a chronic breakout section, with the $80 degree as the following main bullish goal.

Extra so, the Relative Power Index (RSI) on the each day chart stands at 55.78, which is just under the overbought area. This means that whereas Litecoin will not be at the moment overbought, there’s nonetheless room for a value enhance.

Within the occasion of a downswing the primary help degree to look at is $68.90 (decrease Bollinger Band). If this degree fails, Litecoin may slip additional to $64.30. Nevertheless, as noticed this week, the $70 psychological degree stays important.