Litecoin (LTC) Price Analysis Aug Week 3 to 4

• Litecoin is currently trading at $91.35, under the $115 resistance level, with potential to surge.
• Litecoin has seen a +61% market position surge in the past 19 days, indicating strong momentum.
• Litecoin’s Relative Strength Index (RSI) remains within the safe 70-30 range, suggesting stable trading conditions.

Litecoin, a prominent player in the crypto market, is currently trading at $91.35, just shy of the $115 resistance level. If Litecoin manages to break this resistance, it could potentially surge from $115 to $120, opening the doors to a bullish price of $134.

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Source: TradingView

Over the past 19 days, Litecoin has demonstrated impressive growth, surging its market position by a significant +61%. If Litecoin can replicate this upward move, we could see it reach a trading price of $145 in the next 19 to 25 days. For those willing to wait for long-term gains, Litecoin could bring fortune.

In the past 383 days, Litecoin has boosted its market position by over +183%. If this trend continues, traders may witness a price surge from $258 to $300 in the next 390 days. The nearing halving could be a trigger to this bullish forecast. However, this forecast is not guaranteed. It depends on the behavior of the market and the actions of its investors.

Source: TradingView

Meanwhile, the Relative Strength Index (RSI) of Litecoin remains within the safe 70-30 range. This suggests that traders can continue to trade with confidence, without fear of significant price reversals. However, if the RSI approaches the 70 or 30 levels, traders should exercise due diligence to avoid substantial losses.

Looking ahead, the future of Litecoin in the crypto space appears promising. Its recent performance and potential for growth paint a positive picture. As the crypto market continues to evolve, Litecoin is poised to solidify its position and continue its upward trajectory.

Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.