Litecoin (LTCUSD) Price Forecast: June 3
LTCUSD is actually making positive moves and also looks good for the bulls at the above mentioned supply. There is a possibility for the cryptocurrency to swing up further and test the supply level of $103.42. Should the bulls increase their pressure, the resistance level of $93.19 may not hold and it may extend to the $150.00 high level and beyond.
Key Levels:
Resistance Levels: $99.00, $100.00, $101.00
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 buy 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.
The bulls’ action increases the price of LTCUSD up to the $93.19 resistance level above the moving averages even as the daily session opens today. A break above $103.42 would intensify the buying pressure on the cryptocurrency.
Additional efforts by the bulls to the retest of $103.42 previous swing high would invalidate any further bearish thesis.
The momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case the price might possibly reach the $150.00 resistance value soon in its long-term perspective.
LTC (USD) Medium-term Trend: Bullish (4H Chart)
LTCUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above level $89.76. The market is presently facing resistance at the recent high. 
The previous action by the bulls at the $90.90 high level during yesterday’s session has really sustained the coin price to remain above the trend line in its recent times.
Today, the bulls made an upward move to the $93.19 supply value. The cryptocurrency is trading above the two EMAs at the above mentioned resistance level as at the time of writing this article, if the bulls should increase their price action, and bullish momentum is sustained, the ongoing correction will be prolonged.
However, with the price signal which is pointing upwards, if buyers should intensify their tension in the market and the prices break above the current resistance trend line, a bullish trend continuation to the overhead resistance of $150.00 is possible soon in the medium time frame.
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