Home Litecoin Litecoin (LTC) Price Analysis: Signs of a Fresh Increase above $200

Litecoin (LTC) Price Analysis: Signs of a Fresh Increase above $200

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  • Litecoin worth is displaying a couple of constructive indicators above the $150 degree towards the US Greenback.
  • LTC worth is now simply above the $180 degree and the 55 easy shifting common (4-hours).
  • There was a break above a significant bearish development line with resistance close to $175 on the 4-hours chart of the LTC/USD pair (information feed from Coinbase).
  • The pair is more likely to begin an honest improve if there’s a shut above $195 and $200.

Litecoin worth is struggling to realize tempo above $190 towards the US Greenback, just like bitcoin. LTC worth should break $200 to kickstart a powerful improve within the close to time period.

Litecoin Worth Evaluation

This previous week, there was an honest restoration wave in bitcoin, ethereum, ripple, and litecoin towards the US Greenback. LTC shaped a base above the $150 degree and it just lately corrected greater.

There was a break above the $165 resistance degree. The worth climbed above the 23.6% Fib retracement degree of the primary drop from the $320 swing excessive to $117 low. There was additionally a break above a significant bearish development line with resistance close to $175 on the 4-hours chart of the LTC/USD pair.

The pair is now simply above the $180 degree and the 55 easy shifting common (4-hours). A direct resistance on the upside is close to the $192 and $195 ranges. The primary main resistance is close to the $200 zone.

The following main resistance is close to the $220 degree. It’s near the 50% Fib retracement degree of the primary drop from the $320 swing excessive to $117 low. Any extra good points may set the tempo for an honest improve above the $225 and $235 ranges within the close to time period,

An preliminary assist on the draw back is close to the $180 degree and the 55 SMA. The following main assist may very well be close to the $1265 zone. Any extra losses may name for a drop in direction of the $120 degree.

Litecoin (LTC) Price

Litecoin (LTC) Worth

Wanting on the chart, litecoin worth is now buying and selling simply above $180 and the 55 easy shifting common (4-hours). General, the worth is more likely to begin an honest improve if there’s a shut above $195 and $200.

Technical indicators

4 hours MACD – The MACD for LTC/USD is slowly shedding tempo within the bullish zone.

4 hours RSI (Relative Power Index) – The RSI for LTC/USD is struggling to remain above the 50 degree.

Key Help Ranges – $180 and $165.

Key Resistance Ranges – $195 and $200.

Tags: litecoin, LTC


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