Litecoin Price Prediction: LTC Could Retest $60 Before Fresh Surge

2023-10-9 07:58

Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand.

Litecoin is correcting losses from the $63 support zone against the US Dollar. The price is now trading below $66 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could drop toward the $60 support before it starts a fresh increase. Litecoin Price Signals Bearish Move

This past week, there was a fresh decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $68.40 before it started a fresh decline.

The price traded below the $66.40 and $65.00 support levels. It retested the $63.00 support zone. A low was formed near $63.01 and the price is now attempting a fresh increase. There was a move above the $65.20 resistance.

The price spiked above the 50% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. Litecoin is now trading below $66 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC/USD pair.

On the upside, immediate resistance is near the $65.50 zone. The next major resistance is near the $6.40 level. It is close to the 61.8% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. If there is a clear break above the $66.40 resistance, the price could start another strong increase.

Source: LTCUSD on TradingView.com

In the stated case, the price is likely to continue higher toward the $68.40 and $70 levels. Any more gains might send LTC’s price toward the $75 resistance zone.

Downside Thrust in LTC?

If Litecoin price fails to clear the $66.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.00 level.

The next major support is forming near the $60 level, below which there is a risk of a move toward the $58.00 support. Any further losses may perhaps send the price toward the $55 support.

Technical indicators:

4-hour MACD – The MACD is now losing pace in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for LTC/USD is still below the 50 level.

Major Support Levels – $63.00 followed by $60.00.

Major Resistance Levels – $66.40 and $68.40.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 82.48 (+0.30%)
Объем 24H $378.632m
Изменеия 24h: 4.47 %, 7d: 0.55 %
Cегодня L: $81.93 - H: $82.78
Капитализация $6.148b Rank 19
Цена в час новости $ 64.39 (28.09%)

litecoin support against dollar could ltc price

litecoin support → Результатов: 126


As it was announced yesterday, the California-based fintech firm Robinhood would be listing Dogecoin on its quickly growing feeless crypto mobile app. This news came just after it was revealed that Robinhood would add support for Litecoin and

Financial services mobile app Robinhood has added support a peer-to-peer digital currency called Dogecoin (DOGE) on its Robinhood Crypto Platform. As it was announced yesterday, the California-based fintech firm Robinhood would be listing Dogecoin (DO)GE) on its quickly growing feeless crypto mobile app.

2018-7-17 18:40


Robinhood Crypto Adds Two New Altcoins, Plans to Expand on Offerings

The California-based broker burst into the crypto scene in January, and has since set plans in place to help expand their influence in this industry, with these additions being no exception. Commission-Free Litecoin and Bitcoin Cash Trading Staying in line with its namesake, Robinhood has just announced support for commission-free Litecoin and Bitcoin Cash trading.

2018-7-13 21:00


Hashbon ICO

Hashbon framework is a universal platform for effective building any applications or smart contracts, that work on top of live public blockchains: Bitcoin, Litecoin, Dash, Zcash, Monero and others. Framework will allow to store information on several blockchains simultaneously for better reliability in automatic and intellectual way, including deciding which blockchain currently offers better fee for storing KB of data.

2018-7-3 19:57