In this article, you will find a Litecoin price forecast for tomorrow, December 31, 2020. The forecast is based on the author's analytics, using technical analysis of cryptocurrencies, as well as personal experience.
At the time of this writing, LTC / USD quotes are at the level of 128.3.
The price chart is above the Ichimoku Kinko Hyo cloud, which indicates an upward trend in Litecoin. Also, the cryptocurrency quotes are located inside the ascending channel, the boundaries of which, respectively, act as support and resistance levels.
The blue fast line of the Ichimoku indicator crossed the red slow one from top to bottom, this indicates a possible correction in the upward movement. The closest support level for the Litecoin course for tomorrow, December 31, is 124. This is the upper border of the Ichimoku cloud. It is also possible for a deeper correction of the Litecoin rate in the area of 117.
Resistance level, the target of the upward trend in LTC / USD in the medium term is 147.
Thus, the forecast for the Litecoin LTC / USD rate for December 31 assumes a short-term correction of the cryptocurrency rate, followed by the continuation of the upward trend in Litecoin.