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Author: Aayush Jindal

Litecoin Price Prediction: This Resistance Could Trigger New Rally

Litecoin price remained well bid above the $60 support zone against the US Dollar. LTC is rising and might attempt a fresh rally above the $70 level. Litecoin started a fresh decline below $80 support against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $70.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could start a decent increase if there is a clear move above the $72 resistance. Litecoin Price Eyes Upside Break Earlier this month, litecoin price saw a steady decline from well above the $80 level against the US Dollar. LTC price declined below the $75 support zone to move into a bearish zone, similar to bitcoin and ethereum. The price gained pace below the $70 support and the 100 simple moving average (4-hours). A low was formed near $61.02 and the price is now attempting a recovery wave. There was a decent upside correction above the $63 and $65 levels. There was a move above the 23.6% Fib retracement level of the key decline from the $79.80 swing high to $61.02 low. The price is now trading near the $70 resistance and 100 simple moving average (4-hours). On the upside, an immediate resistance is near the $70.00 level. There is also a key bearish trend line forming with resistance near $70.50 on the 4-hours chart of the LTC/USD pair. The trend line is near the 50% Fib retracement level of the key decline from the $79.80 swing high to $61.02 low. Source: LTCUSD on TradingView.com If there is a clear break above the $70.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $72 and $75 levels. Any more gains might send ltc price towards the $80 resistance zone. Fresh Decline in LTC? If Litecoin price fails to clear the $70.00 resistance level, there could be a fresh decline. An initial support on the downside is near the $65.50 level. The first major support is forming near the $64.00 level. Any further losses may perhaps send the price towards the $60.00 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly gaining pace in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is above the 50 level. Major Support Levels – $65.50 followed by $60.00. Major Resistance Levels – $70.00 and $75.00.

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Litecoin Price Bleeds, Why The Bulls Could Stay On Sidelines

Author: Aayush Jindal

United Kingdom

Source: NewsBTC

Dec 19, 2022 08:25

Litecoin Price Bleeds, Why The Bulls Could Stay On Sidelines

Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support. Litecoin started a fresh decline from the $85 resistance against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could continue to move down towards $55 in the near term. Litecoin Price Turns Red This past month, litecoin price saw a strong increase above the $70 level against the US Dollar. LTC price was able to clear the $80 resistance level, outperforming both bitcoin and ethereum. However, the bears remained active near the $85 zone. There was a topping pattern formed near the $85 level before the price started a fresh decline. There was a clear move below the $80 and $78 support levels. Besides, there was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair. Litecoin price is now trading below $70 and the 100 simple moving average (4-hours). A low is formed near $61.67 and the price is now consolidating losses. On the upside, an immediate resistance is near the $66.00 level. It is near 23.6% Fib retracement level of the recent decline from the $79.80 swing high to $61.67 low. The first major resistance is near the $70.00 level. Source: LTCUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $79.80 swing high to $61.67 low is also near $70. If there is a clear break above the $70 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $75 and $78 levels. Any more gains might send ltc price towards the $80 resistance zone. More Losses in LTC? If Litecoin price fails to clear the $70.00 resistance level, there could be more losses. An initial support on the downside is near the $61.60 level. The first major support is forming near the $60.00 level. Any further losses may perhaps send the price towards the $55.00 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly gaining pace in the bearish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is below the 50 level. Major Support Levels – $60.00 followed by $55.00. Major Resistance Levels – $70.00 and $75.00.

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Litecoin Price Prediction: Why LTC’s Rally is Far From Over

Author: Aayush Jindal

United Kingdom

Source: NewsBTC

Dec 06, 2022 08:25

Litecoin Price Prediction: Why LTC’s Rally is Far From Over

Litecoin price started a strong increase above the $70 resistance against the US Dollar. LTC is currently consolidating and might aim more upsides above $85. Litecoin started a strong increase above the $65 and $70 levels against the US Dollar. The price is now trading above $70 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price must clear the $83.20 and $84.65 to start another increase in the near term. Litecoin Price Continues To Outperform In the past few days, litecoin price started a steady increase above the $60 level against the US Dollar. LTC price was able to clear the $65 and $70 resistance levels to move into a bullish zone. The bulls even pumped the price above the $80 level, outperforming both bitcoin and ethereum. However, the price faced sellers near the $85 zone. A high was formed near $85.08 and the price is now consolidating gains. Litecoin price is now trading above $70 and the 100 simple moving average (4-hours). There was a minor decline below the 23.6% Fib retracement level of the upward move from the $70.57 swing low to $85.08 high. Besides, there is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair. Source: LTCUSD on TradingView.com On the upside, an immediate resistance is near the $82.00 level. The first major resistance is near the $83.20 level. The main resistance is near $85. If there is a clear break above the $85 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $92 and $95 levels. Any more gains might send ltc price towards the $100 resistance zone. Dips Supported in LTC? If Litecoin price fails to clear the $82.00 resistance level, there could be a downside correction. An initial support on the downside is near the $80 level. The first major support is forming near the $77.80 level. The stated level is near the 50% Fib retracement level of the upward move from the $70.57 swing low to $85.08 high. Any further losses may perhaps send the price towards the $74 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly losing pace in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently above the 50 level. Major Support Levels – $78.00 followed by $74.00. Major Resistance Levels – $82.50 and $85.00.

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Litecoin Price Prediction: Why LTC Could Hit $100 and Outperform Bitcoin

Author: Aayush Jindal

United Kingdom

Source: NewsBTC

Nov 29, 2022 08:25

Litecoin Price Prediction: Why LTC Could Hit $100 and Outperform Bitcoin

Litecoin price started a steady increase above the $65 resistance against the US Dollar. LTC is currently rising and might rally further towards the $100 level. Litecoin started a strong increase above the $55 and $65 levels against the US Dollar. The price is now trading above $65 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price must clear the $77.50 and $84 to rise towards the $100 resistance zone. Litecoin Price Outperforms Bitcoin In the past few days, litecoin price saw a decent increase above the $50 level against the US Dollar. LTC price rallied over 20% and outperformed both bitcoin and ethereum. There was a move above the $65 and $75 resistance levels. The price even surpassed $80 and settled above the 100 simple moving average (4-hours). It traded as high as $83.35 before there was a downside correction. There was a move below the $80 and $75 support levels. The price declined below the 23.6% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. However, litecoin price is now trading above $65 and the 100 simple moving average (4-hours). It stayed above the 50% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. On the upside, an immediate resistance is near the $77.50 level. Source: LTCUSD on TradingView.com There is also a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC/USD pair. If there is a clear break above the $77.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $85 and $90 levels. Any more gains might send ltc price towards the $100 resistance zone. Dips Limited in LTC? If Litecoin price fails to clear the $77.50 resistance level, there could be another pullback. An initial support on the downside is near the $71.20 level. The first major support is forming near the $68 level. Any further losses may perhaps send the price towards the $55 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly moving into the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently above the 50 level. Major Support Levels – $71.20 followed by $68.00. Major Resistance Levels – $77.50 and $85.00.

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