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The post <a href="https://coinpedia.org/price-analysis/litecoin-simple-price-analysis-ltc-price-preparing-for-a-fresh-upswing-to-reclaim-100/">Litecoin Simple Price Analysis: LTC Price Preparing for a Fresh Upswing to Reclaim $100</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The market appeared to be in the middle of a pre-halving rally as the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) price</a> soared high and achieved a new ATH close to $74,000. This triggered a healthy upswing within the entire crypto space, which propelled the <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/" target="_blank" rel="noreferrer noopener">LTC price</a> beyond $100, surpassing one of the key resistance levels. Unfortunately, the sentiments flipped as the bulls displayed weakness and their inability to hold within the 3-digit figure caused a notable pullback to $80.&nbsp; 
The current trade set-up remains under the bearish influence, and the bulls are trying very hard to validate a minor-hidden bullish divergence. After facing rejection from the pivotal resistance, the price was feared to enter back within the consolidation zone. However, the bulls prevent extended bloodshed and have triggered a healthy rebound while the volume remains below average.&nbsp; 
While the market participants are pretty bearish ahead of halving, the LTC price is displaying huge potential of regaining key resistance at $100.&nbsp; 
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The weekly chart of the <a href="https://markets.coinpedia.org/litecoin/">Litecoin</a> price rally remains extremely bullish, regardless of the current market conditions. One of the major indicators, the Ichimoku Cloud, has just turned bullish, which suggests a momentary shift in the trend along with the sentiments. Besides, the RSI continues to hover along the ascending trend line, suggesting the bulls hold enough dominance and as a result, recovering beyond $100 may not be a tedious job.&nbsp; 
Did You Know : <a href="https://coinpedia.org/price-analysis/bitcoin-price-to-drop-more-before-hitting-new-high-post-halving/">Bitcoin Price to Drop More Before Hitting New High Post Halving&nbsp;</a> 
Therefore, now that the bearish influence has waned and the price seems to have been accomplished with a correction after rejection, a fresh upswing appears to be imminent. The Litecoin bulls now appear to be poised to surpass the crucial resistance at $101, and if they display strength a rise to $115 may pave the way for the price to reach the key resistance at $145. However, the market dynamics play an important role and are subject to change with a minor change in sentiments. 
Read More : <a href="https://coinpedia.org/price-analysis/what-will-happen-if-the-bitcoin-price-drops-below-58k/">What Will Happen if the Bitcoin Price Drops Below $58k?</a>

Litecoin Simple Price Analysis: LTC Price Preparing for a Fresh Upswing to Reclaim $100

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