Litecoin Price Analysis: Indicators Point to Fresh Increase to $100

• Litecoin (LTC) price is struggling below $90 against the US Dollar.
• There is a major contracting triangle forming with resistance near $89.20 on the 4-hour chart of the LTC/USD pair.
• The next major resistance sits near the $92 level and if cleared, could pump the price towards $100.

Litecoin (LTC) Price Analysis

Litecoin price is currently trading below $90 against the US Dollar. A major contracting triangle has formed with resistance at $89.20 on the 4-hour chart of the LTC/USD pair, indicating that a fresh increase may be seen if it clears this level. The next strong resistance sits at around $92 and if cleared, could take Litecoin to its next target of $100.

Resistance Level at $89

There was recently a minor increase in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar but Litecoin has since settled below the $90 resistance zone and moved into a bearish zone. It broke through several supports including at around $88 before testing support near to where it had found bottomed out at around$85 earlier in May 2023. However, there is now hope as there is a major contracting triangle forming with resistance near to where it had previously been at around$89 on the 4-hour chart of LTC/USD pair. If this level can be passed then it could open up potential for further increases in value for Litecoin’s price going forward..

Resistance Level Above At 92

The next significant resistance lies ahead of us at 92 which would likely result in an increase in value for Litecoin should we pass this level successfully . According to technical indicators such as MACD and RSI , there appears to be no clear trend as yet although most signs point towards potential future growth should we break through this threshold . Moreover , immediate support can be found just below 86 while key support levels rest at 85 and 86 respectively .

Indicators Pointing Towards Increase To 100

If we are able to break through these levels then experts predict that an eventual move up towards 100 might become possible due to increased investor confidence . This would represent a positive step forward for those invested heavily in cryptocurrency markets as well as being indicative of future successes within this sector . Furthermore , any increase here could result in further advances being made beyond even 200 – something that investors have been hoping for some time now .


In conclusion , current prices remain stuck beneath 90 dollars with little sign of movement either way but all indications point towards one thing – a breakout from above 92 might provide much needed relief from stagnation in order to reach our new goal of hitting 100 or higher eventually . With strong support levels already established beneath us as well as multiple indicators pointing us in the right direction , such an event may soon become reality should luck favour us all over these coming weeks and months ahead .