Litecoin (LTCUSD) price rose in its latest intraday trading, after leaning on the support of its 50-day SMA. This provided the coin with positive momentum that helped it achieve these gains, amid the dominance of a short-term bullish corrective trend as it moves alongside a trendline supporting this path. Additionally, a positive crossover is beginning to emerge in the Stochastic indicator after reaching deeply oversold levels.

Therefore, we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at 53.45 remains intact, targeting the key resistance level at 55.25.

Todays price forecast: Bullish