Litecoin Price Analysis: LTC/USD Struggling Near Crucial Resistance

2018-9-27 11:11

Litecoin price recovered recently from the $54.30 support against the US Dollar. LTC/USD seems to be struggling to hold gains above the $60.00 resistance.

Key Talking Points

Litecoin price is trading positively above the $55.00 support area (Data feed of Kraken) against the US Dollar. Sellers are attempting a close below a major ascending channel with support at $57.75 on the hourly chart of the LTC/USD pair. LTC price may continue to face a strong selling interest near the $60.00 resistance in the near term. Litecoin Price Forecast

Recently, litecoin price dipped towards $55.00 where it found support against the US dollar. The LTC/USD pair traded as low as $54.36 before it started an upward move.

Looking at the chart, LTC price recovered above the $58.00 level and a key connecting bearish trend line with resistance at $55.50. Moreover, there was a break above the 23.6% Fib retracement level of the last decline from the $63.76 high to $54.36 low.

However, buyers failed to keep the price above the $60.00 level and the 100 hourly simple moving average. Moreover, the 50% Fib retracement level of the last decline from the $63.76 high to $54.36 low also acted as a resistance.

The price started a fresh downside move and traded below the $58.00 level. Additionally, sellers are attempting a close below a major ascending channel with support at $57.75 on the hourly chart of the LTC/USD pair.

If there is a close below the $57.00 level, the price may decline back towards the $55.00 support. Below the mentioned $55.00, the price is likely to revisit the $52.00 level.

Overall, litecoin price seems to be facing a tough resistance near the $59.50 and $60.00 levels. As break and close above $60.00 is needed for an upside extension towards the $62.00 level. On the downside, the main supports for buyers are $55.00 and $54.50.

If the price stays above $55.00, there are high chances of a break above the $60.00 barrier.

The market data is provided by TradingView.

The post Litecoin Price Analysis: LTC/USD Struggling Near Crucial Resistance appeared first on Ethereum World News.

origin »

Litecoin (LTC) на Currencies.ru

$ 81.01 (+0.72%)
Объем 24H $453.465m
Изменеия 24h: -3.12 %, 7d: -3.30 %
Cегодня L: $80.19 - H: $84.04
Капитализация $6.205b Rank 18
Цена в час новости $ 57.14 (41.77%)

litecoin price resistance struggling usd ltc against

litecoin price → Результатов: 126


BlockDAG To Launch 3-Level Academy to Demystify Crypto; Presale Hits $216M as Litecoin Stalls & SHIB Divide Analysts

Litecoin’s recent price action has traders watching closely, and a detailed Litecoin (LTC) price analysis shows sellers still holding the upper hand after a volatile week. While Litecoin wrestles with resistance, Shiba Inu coin news adds a different kind of energy to the market—this time centered around long-shot price predictions and community-driven speculation.

2025-4-23 19:30


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