Litecoins currency price (LTCUSD) edged slightly lower in latest intraday trading, as the price takes profits from previous gains and attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid the dominance of the main upward trend in the short term and trading alongside a rising trend line, with ongoing dynamic support from trading above the 50-period SMA providing added stability to the prices next move.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $93.66 holds on, targeting the key psychological resistance level of $100.00.

Todays price forecast: Bullish