Litecoin Price Analysis: LTC/USD Recovery Looks Real, More Gains Possible

2018-11-2 07:29

Litecoin price traded further higher and traded above the $50.00 resistance against the US Dollar. LTC/USD could continue to move higher towards $53.00.

Key Talking Points

Litecoin price is slowly moving higher and it recently broke the $50.00 resistance (Data feed of Kraken) against the US Dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $50.20 on the hourly chart of the LTC/USD pair. LTC price is currently placed nicely above the $50.00 level and the 100 hourly SMA. Litecoin Price Forecast

After trading as low as $47.86, litecoin price started a decent upward move against the US dollar. The LTC/USD pair broke the $49.00 resistance, started consolidating gains, and finally made another move up.

Looking at the chart, LTC price started a short term correction from the $50.20 swing high. It corrected a few points, but the $49.40 level acted as a decent support. As a result, there was another upward move and the price broke the $50.00 resistance.

There was even a close above the $50.00-50.20 resistance and the 100 hourly simple moving average. Moreover, yesterday’s highlighted key bearish trend line was breached with resistance at $50.20 on the hourly chart of the LTC/USD pair.

The pair traded as high as $50.89 recently and it is currently correcting lower. It seems like the same broken trend line is now acting as a support near the $50.50 level. The next support is near the 23.6% Fib retracement level of the recent wave from the $47.86 low to $50.89 high.

However, the main support on the downside is near the $49.40 level and the 100 hourly simple moving average. Besides, the 50% Fib retracement level of the recent wave from the $47.86 low to $50.89 high is near $49.40.

Therefore, if litecoin price corrects lower, it is likely to find support near the $50.00 and $49.40 levels. On the upside, a break above the $51.00 resistance may open the doors for a push towards the $53.00 resistance.

The market data is provided by TradingView.

The post Litecoin Price Analysis: LTC/USD Recovery Looks Real, More Gains Possible appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 74.49 (-0.31%)
Объем 24H $187.489m
Изменеия 24h: 0.27 %, 7d: -5.56 %
Cегодня L: $74.05 - H: $74.88
Капитализация $5.563b Rank 20
Цена в час новости $ 55.21 (34.92%)

price litecoin higher usd ltc dollar key

price litecoin → Результатов: 126


Фото:

Litecoin price rising despite the market-wide dip: here’s why

Litecoin price (LTC/USD) has been on a bullish trend since March 11 despite slight pullbacks along the way. But it is its price surge over the past two days that has caught the attention of crypto traders and investors seeing that it comes as the rest of the crypto market takes a break from its […] The post Litecoin price rising despite the market-wide dip: here’s why appeared first on Invezz.

2023-3-23 12:45


Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2023-1-10 04:30


Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2022-8-21 17:31


Фото:

Is Litecoin (LTC) a buy or sell in September?

Litecoin bulls are focused on breaking short term resistance at $50 If the price jumps above $50 it would probably reach $55 in the short time period The price of Litecoin is correlated with the price of Bitcoin Bitcoin is currently trading at $10,250 after defending the $10,000 level again We can say that the cryptocurrency market has stabilized, there is no big price movement in the last several wees and according to technical analysis, the neutral trend is still intact.

2020-9-10 01:25