Litecoin (LTCUSD) Price Forecast: May 18
LTCUSD buying time is now as the price is currently running a bullish race. The cryptocurrency is facing high pressure from the bulls. Conversely, if the coin prices sustain above the previous high of $103.42, the bulls’ trend would continue upward and might possibly hit the $200.00 upper high level.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $85.00, $75.00, $65.00
LTC (USD) Long-term Trend: Bullish (Daily Chart)
Litecoin turns positive today. The price is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buying trader and signifies a buy signal. 
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.
With sustained buying, the coin price challenged another resistance zone of $89.84 above the two moving averages as the daily chart resumes today, indicating buyers’ attempt to prolong the bullish rally. Additional efforts by the bulls to the retest $103.42 previous swing high would invalidate any further bearish thesis.
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of LTCUSD further up to a significant level and in this case, the target might be the $200.00 supply level in the higher time frame.
LTC (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term chart, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
Pressure from the bulls at the $88.55 high value in the previous action has sustained its upward stability in its recent high.
LTCUSD is losing bearish momentum as it rises to the $89.84 high level above the moving averages as the 1-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, Litecoin is showing more upside possibilities as shown by the momentum indicator pointing upwards. We can certainly expect more gains and strength from the coin. The pair may likely reach the $200.00 upper resistance level in the days ahead in its medium-term time frame.
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