Litecoin (LTC) Price Prediction: LTC/USDT Sustains Above the 50-Day MA

Litecoin Price Prediction:

The Litecoin market has maintained a correlative movement with Bitcoin, as its price action continues to record some impressive gains. However, this is currently not the case for this token, as its price action is just managing to stay above short-term key levels.

LTC/USDT Long-Term Trend: Bullish (Daily Chart)

Key Price Levels:

Resistance: $0.2000, $0.2250, $0.2500

Support: $0.1800, $0.1750, $0.1500

After the price action in the Litecoin daily market surpassed the 20- and 50-day Moving Average (MA) lines, it has continued to consolidate. Furthermore, the last price candle on the chart appears compressed and has closed red.