Litecoin Price Analysis May 2021 | Litecoin to Just Keep Going Higher?
Here is our video about Litecoin price analysis for May 2021. Litecoin price is currently trading around $345 or slightly below its almost three and a half years high. It surges around 35% this week from Mondayโs opening price.
Our Litecoin price analysis shows it is only a manor uptick away from Litecoinโs all time high at $420. Bulls are encouraged to take the lead and push the price high despite minor retracements that brought the price down to around $207 two weeks ago.
According to our Litecoin may 2021 forecast, the $207 – $225 is a critical support level, previously a strong 2018 resistance, that was breached and now $420 is left exposed. Bulls need to look out for the $380 resistance level that might hinder Litecoin May price rally.
The Litecoin May 2021 forecast is affected by comments made from Janet Yellen about the pace of rate hikes. She made remarks that interest rate hikes may be needed to stop the economy from overheating.
However, she clarified in an online event on Tuesday that an increase in interest rates is not something she predicts or recommends. That dovish stance might provide support for cryptocurrencies and raise the Litecoin price target to beyond $420.
Watch the full video for our take on Litecoin price prediction and a deeper insight into what to expect in the weeks ahead from our Litecoin May forecast. Drop us a line in the comments with your thoughts on Litecoin May 2021. To be notified about the latest weekly Litecoin analysis and news, subscribe to Capital.com official channel, and click that notification bell.
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bro you're amazing
Yeah and now?….
Litecoin a buy at 370$??
Just got like 4 litecoin
How is BCH please do one video per week. Thanks! ๐
Two days later, weโre bumpin our heads on 400. Good call.
Bonfire โค๏ธ๐
Invest in Bonfire and hold it for minimum 1 year ๐
Just found this channel, I'm hooked!
๐คโค๏ธ๐บ๐ธ
subbed!!
Please tell about Doge coin
Target price
Dont sleep on lite coin ๐
This channel is really underrated solid information in a professional manner
really enjoyed your content. no hype, just facts….. that's rare these days. keep up the good content
I trust litecoin i will hold it.
I saw a whale alert last night on Binance…425 BTC worth of LTC was purchased.
Well your previous predictions on Litecoin turned out to be spot on. Litecoin seems to be on an upward march, it hasn't gotten quite as much love as some other cryptos but I think that's changing rapidly.
Is it good to buy at 350?
Litecoin to $750-800 ๐๐๐
Best youtube crypto channel
Was looking forward to this Litecoin update, now I can see why in your previous litcoin update you didn't even bother with giving a bearish scenario… This channel is amazing your predictions are always on point much love from SA๐ฟ๐ฆ
Keep bringing the work!!
Solid analysis