Litecoin Price Analysis: LTC/USD Bulls Holding $60

2018-8-10 07:48

Litecoin price is holding a key support near the $60.00 level against the US Dollar. LTC/USD may perhaps slowly recover as long as it is above $60.00.

Key Talking Points

Litecoin price attempted a minor recovery above the $64.00 level, but failed (Data feed of Kraken) against the US Dollar. There is a key expanding triangle forming with resistance near the $65.00 level on the hourly chart of the LTC/USD pair. The pair could attempt a recovery as long as bulls keep the $60.00 support level intact. Litecoin Price Forecast

This week, we saw nasty declines from well above $70.00 in litecoin price against the US dollar. The LTC/USD traded lower and tested an important support near the $60.00 level.

Looking at the chart, LTC price formed a low near $61.06 yesterday and later recovered. However, upsides were capped and later a new low was formed at $60.28.

Finally, there was a decent recovery above the $64.00 level. The price also moved above the 23.6% Fib retracement level of the last decline from the $75.13 high to $60.28 low. However, the upside move was capped by the $65.00 resistance.

At the moment, it seems like there is a key expanding triangle forming with resistance near the $65.00 level on the hourly chart of the LTC/USD pair. The pair is currently moving lower and it could revisit the $62.00 support.

Below this, the last swing low at $60.28 is a key support followed by the $60.00 level. Below this last, the next key support is near the $56.00 level.

On the upside, if the pair manages to break the $65.00 level, it could test the 50% Fib retracement level of the last decline from the $75.13 high to $60.28 low at $67.70. Above this, the price may well move towards the $68.00 and $69.00 levels.

Overall, litecoin price is holding the $60.00 support area and as long as bulls are active above $60.00, there could be a decent recovery in the near term.

The market data is provided by TradingView.

The post Litecoin Price Analysis: LTC/USD Bulls Holding $60 appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 67.07 (+0.03%)
Объем 24H $270.748m
Изменеия 24h: 0.99 %, 7d: -7.10 %
Cегодня L: $64.67 - H: $67.18
Капитализация $5.041b Rank 20
Цена в час новости $ 61.91 (8.33%)

litecoin price key holding ltc usd above

litecoin price → Результатов: 126


Фото:

Litecoin price prediction for December 2022

Litecoin LTC/USD has advanced from $54.49 to $84.97 since the beginning of November 2022, and the current price stands at $74.97. While the cryptocurrency market was going through a heavy drop after the collapse of FTX, Litecoin showed bullish momentum, and one of the reasons that may have influenced the growth of LTC could be […] The post Litecoin price prediction for December 2022 appeared first on Invezz.

2022-12-13 23:31