The Litecoin Prize has demonstrated a huge force since the start of the second quarter of the year. The rebound has enlightened the growing force of the Bulls, which suggests that a larger price action could be in place. FOMC rates are underway, and markets have started to react positively, as they always do before the announcement. The Bitcoin price exceeded $ 97,000, while the LTC price is more than $ 90. Meanwhile, greater volatility is expected in the coming hours, which can increase the price almost $ 100.
However, the question arises whether the bulls will guarantee the gains greater than $ 100 or face a rejection to return to their initial levels.
The central bank expects rates to remain unchanged from 4.25% to 4.5%, while the comments of the president of the Fed, Jerome Powell, should have a major impact on the markets. The recovery of the LTC of the accident triggered at the price at $ 63 points out an extended ascending trend after the token transformed resistance to $ 80 into solid support. In addition, the price recovered the MA of 50 days at $ 83.48 and seems likely to reach the MA of 200 days at $ 112 soon.
Litecoin long -term prices are extremely optimistic, while the last rebound of $ 63. In addition, the token is about to live the very first weekly Golden cross, which should offer a strong bullish momentum. To do this, the token should maintain a consolidated ascending trend and exceed the medium strips of the parallel channel increasing, at around $ 96. Meanwhile, these popular indicators have also become bruise, referring to the price during a massive explosion.
The weekly MacD suggests a drop in sales pressure, while the levels go to a bullish crossover. On the other hand, the RSI has rebounded and is about to increase above the average beach. Once the RSI also displays a Haussier crossing, the Litecoin price should exceed $ 100 and guarantee levels to pivot resistance at $ 105. If the price is supported above the range throughout the month, an increase in purchase pressure could help the price to vioder the canal and initiate a strong bull to a new ATH.
