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Litecoin (LTC) Price Analysis: Primed for More Gains Above $100

Litecoin Price Analysis LTC Chart

Litecoin price corrected lower
recently and tested the $84.00 support against the US dollar. LTC is currently
moving higher and it could surpass $100.00 in the near term.

Key Talking Points

  • Litecoin price found a strong support near the
    $84.00 level and bounced back (Data feed of Kraken) against the US Dollar.
  • There is a key bullish trend line forming with
    support at $88.80 on the 4-hour chart.
  • LTC price remains well supported on the downside
    and it could soon break $98.00 and $100.00.

Litecoin Price Analysis (LTC)

This past week, there was a major downside correction in bitcoin, Ethereum, EOS, ripple and litecoin against the US dollar. The LTC/USD pair declined heavily below $100.00 and $90.00 before the bulls took a stand near the $84.00 support area.

Litecoin Price Analysis LTC Chart

Looking at the 4-hour chart, LTC price traded as low as $83.99, but stayed well above the 100 simple moving average (4-hour). Recently, the price started a fresh increase above the $88.00 resistance and the 23.6% Fib retracement level of the last drop from the $107.57 high to $83.99 low.

The upward move was such that the price even broke the
$92.00 and $94.00 resistance levels. It tested the next key resistance area near
the $97.00 and $97.20 levels.

Besides, it tagged the 50% Fib retracement level of the last
drop from the $107.57 high to $83.99 low. It is currently consolidating above the
$89.00 and $88.00 support levels. There is also a key bullish trend line
forming with support at $88.80 on the 4-hour chart.

If there is a downside break below the trend line, the pair
could revisit the $84.00 support area. On the upside, an initial resistance is
near the $97.20 level, above which the price could rally above $98.00 and
$100.00.

The overall price action is positive, suggesting more gains
in litecoin price above the $100.00 level. LTC could continue to climb and it
might revisit the $105.00 and $107.00 levels. Only a daily close below the
$84.00 support level may negate the current bullish view and push the price
further lower.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Primed for More Gains Above $100 appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Breakout or Further Decline?

Litecoin Price Analysis LTC Chart

Litecoin price rallied above the
$100.00 resistance level before correcting lower against the US dollar. LTC declined
below the $98.00 support after a strong decline in bitcoin and Ethereum.

Key Talking Points

  • Litecoin price surged towards the $108.00 level
    before correcting lower (Data feed of Kraken) against the US Dollar.
  • There was a break below a key bullish trend line
    with support at $92.50 on the hourly chart.
  • LTC price broke the $90.00 support level and
    traded as low as $83.99 recently.

Litecoin Price Analysis (LTC)

In the past three days, there was a strong rally in bitcoin, coupled with gains altcoins such as Ethereum, EOS, litecoin and ripple against the US Dollar. The LTC/USD pair surged above the $95.00 and $100.00 resistance levels before it faced sellers near the $107.50 and $108.00 levels.

Litecoin Price Analysis LTC Chart

Looking at the chart, LTC price traded as high as $107.40 and recently started a heavy downside correction. It broke the $102.00 and $100.00 support levels to enter a short term bearish zone.

During the decline, there was a break below a key bullish
trend line with support at $92.50 on the hourly chart. The pair even broke the
$90.00 support level and settled well below the 100 hourly simple moving
average.

A swing low was formed at $83.99 and the price is currently recovering
higher. It climbed above the 23.6% Fib retracement level of the recent decline
from the $101.45 high to $83.99 swing low.

However, there are many hurdles near the $92.50 and $94.00
levels. The 100 hourly simple moving average is positioned along with the previous
support trend line and a connecting bearish trend line on the same chart at
$92.70.

Therefore, the price is likely to struggle to clear the
$92.70 and $93.50 resistance levels. A close above the $94.00 level might start
a fresh increase in litecoin price towards $100.00 and $105.00.

Conversely, if LTC price fails to climb above the $94.00
level, it could decline once again. On the downside, the main support is near
the $83.00-84.00 zone, below which it could test $79.50.

The market d2ata is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Breakout or Further Decline? appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Rally Takes Break But Not Likely Over

Litecoin Price Analysis LTC Chart

Litecoin price surged higher
above the $84.00 and $90.00 resistance levels against the US Dollar. LTC traded
as high as $95.95 and recently corrected lower towards the $84.00 support.

Key Talking Points

  • Litecoin price jumped sharply above the $84.00
    and $90.00 resistance levels (Data feed of Kraken) against the US Dollar.
  • There is a key contracting triangle forming with
    support near $84.50 on the 4-hour chart.
  • LTC price remains well supported on the downside
    near the $84.00 and $80.00 levels.

Litecoin Price Analysis (LTC)

This past week, there was a sharp rally in bitcoin, resulting in gains in most altcoins such as Ethereum, EOS, ripple and litecoin against the US dollar. The LTC/USD pair formed a strong support base above the $72.00 level and rallied above the $80.00 resistance level.

Litecoin Price Analysis LTC Chart

Looking at the 4-hour chart, LTC price gained
traction above the $84.00 and $90.00 resistance levels. There was even a close above
the $84.00 resistance and the 100 simple moving average (4-hour).

It opened the doors for more gains above the $92.00 level.
The price traded to a new 2019 near the $95.95 level and recently started a
downside correction. It broke the $90.00 support, and the 23.6% Fib retracement
level of the last wave from the $72.49 low to $95.95 high.

However, the previous resistance near the $84.00 level acted
as a support. Besides, the 50% Fib retracement level of the last wave from the
$72.49 low to $95.95 high acted as a support.

At the outset, there is a key contracting triangle forming
with support near $84.50 on the 4-hour chart. If the price breaks the triangle
resistance near the $88.00 level, it is likely to resume its upside above the
$90.00 and $92.00 levels.

Conversely, if there are additional losses below the $84.50
and $84.00 support levels, litecoin price could revisit the main $80.00 and
$79.50 support levels. As long as LTC is trading above the $79.50 pivot level,
it remains in an uptrend and it is likely to break the $90.00 resistance once
again in the near term.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Rally Takes Break But Not Likely Over appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Fresh Increase Likely As Bitcoin Breaks $6.3K

Litecoin Price Analysis LTC Chart

Litecoin price formed a strong
support near the $72.00 level and recovered against the US dollar. LTC broke
the $74.00 resistance and it could accelerate gains along with bitcoin.

Key Talking Points

  • Litecoin price remained well supported near the
    $71.50 and $72.00 levels (Data feed of Kraken) against the US Dollar.
  • There was a break above a key bearish trend line
    with resistance near $74.00 on the hourly chart.
  • LTC price is gaining bullish momentum and it could
    climb above the $77.00 and $78.00 levels.

Litecoin Price Analysis (LTC)

In the past two sessions, there was a strong rally in bitcoin, while gains were contained in altcoins such as Ethereum, EOS, litecoin and ripple against the US Dollar. Earlier, the LTC/USD pair declined below the $74.00 level and tested the $72.00 support area.

Litecoin Price Analysis LTC Chart

Looking at the chart, LTC price traded as low as $71.99 and later started consolidating in a range. It slowly moved above the 50% Fib retracement level of the last decline from the $77.92 high to $71.99 swing low.

Finally, the bulls came into action, resulting in gains
above $74.00, $75.00, and the 100 hourly simple moving average. Besides, there was
a break above a key bearish trend line with resistance near $74.00 on the
hourly chart.

The pair even surged above the 76.4% Fib retracement level
of the last decline from the $77.92 high to $71.99 swing low. It traded close
to the $77.92 swing high and remains in a decent uptrend.

It seems like there could be a short term downside correction
towards $75.00 or $74.00 before the price climbs higher again. On the upside, a
break above the $78.00 resistance will most likely open the doors for a sharp
upward move towards the $80.00, $82.00 and $84.00 levels.

Overall, litecoin price is slowly gaining momentum along
with bitcoin. However, LTC price must break the $78.00 resistance level to
continue higher. Conversely, if there is a downside correction, the price may
find bids near the $75.00 or $74.00 level in the coming sessions.

The market d2ata is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Fresh Increase Likely As Bitcoin Breaks $6.3K appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Risk of Downside Extension Below $70

Litecoin Price Analysis LTC Chart

Litecoin price failed to gain strength
above the $80.00 resistance against the US Dollar. LTC started a fresh decline
and it could even break the $70.00 support in the near term.

Key Talking Points

  • Litecoin price failed to break the $80.00
    barrier and declined recently (Data feed of Kraken) against the US Dollar.
  • There is a major bearish trend line formed with
    resistance near the $77.60 level on the 4-hour chart.
  • LTC price recently declined below the $74.80
    support and a connecting bullish trend line.

Litecoin Price Analysis (LTC)

This past week, there were strong gains in bitcoin, but most altcoins such as Ethereum, EOS, ripple, litecoin and others struggled against the US dollar. The LTC/USD pair faced a strong selling interest near the $80.00 resistance and recently started a downward move.

Litecoin Price Analysis LTC Chart

Looking at the 4-hour chart, LTC price topped near the $81.50 level and later declined sharply. There was a break below the $78.00 and $76.00 support levels to push the price back in a bearish zone.

During the decline, the price traded below the $74.80
support and a connecting bullish trend line. Moreover, there was a close below
the $75.40 support and the 100 simple moving average (4-hour).

Besides, there was a clear break below the 50% Fib
retracement level of the last wave from the $65.23 low to $81.48 high. The
price declined below $72.50 and recently tested the $71.20 support area.

It seems like the 61.8% Fib retracement level of the last wave
from the $65.23 low to $81.48 high is currently acting as a support. If there
is a downside break below $71.20, there is a risk of more losses below the
$70.00 support level.

The next key support is near the $68.00 level, where the
bulls may appear. On the upside, there is a major bearish trend line formed with
resistance near the $77.60 level on the same chart. To start a fresh increase
litecoin price must break the $74.80 and $77.60 levels. As long as LTC is below
$74.80, there is a risk of more losses below $70.00.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Risk of Downside Extension Below $70 appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Dips Remain Attractive To The Bulls

Litecoin Price Analysis LTC Chart

Litecoin price climbed higher
recently after forming support near the $65.00 level against the US dollar. LTC
broke the $71.00 level and it is currently trading with a positive bias.

Key Talking Points

  • Litecoin price climbed above the $68.00 and
    $70.00 resistance levels (Data feed of Kraken) against the US Dollar.
  • There was a break above a key contracting
    triangle with resistance near $72.60 on the hourly chart.
  • LTC price remains well supported on dips and it
    is likely to climb above the $75.00 resistance.

Litecoin Price Analysis (LTC)

In the past two sessions, there was a solid comeback by bitcoin, Ethereum, EOS, litecoin and ripple against the US Dollar. Earlier, the LTC/USD pair formed a strong support base near the $65.00 and started a fresh increase.

Litecoin Price Analysis LTC Chart

Looking at the chart, LTC price broke
the $68.00 and $70.00 resistance levels to move into a positive zone. The
upward move was strong since there was a close above the $70.00 level and the 100
hourly simple moving average.

A new weekly high was formed at $75.05 and the price
recently corrected lower. It broke the 23.6% Fib retracement level of the last wave
from the $65.02 low to $75.05 high.

However, the $71.40 level acted as a strong support and the
price not even tested the 50% Fib retracement level of the last wave from the
$65.02 low to $75.05 high. It bounced back above the $72.00 and $72.50 level.

Besides, there was a break above a key contracting triangle
with resistance near $72.60 on the hourly chart. It has opened the doors for
more gains above the $74.00 and $75.00 levels. The next main resistance is near
the $80.00 level.

Overall, litecoin price moved into a bullish zone above the
$70.00 and $71.00 levels. If there is another dip, the bulls are likely to
defend the $70.00 support area. On the upside, an initial resistance is near
the $74.00 level. However, LTC must clear the $75.00 resistance level to start
a strong upward move towards the $80.00 level in the near term.

The market d2ata is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Dips Remain Attractive To The Bulls appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Risk Of Additional Weakness To $60

Litecoin Price Analysis LTC Chart

Litecoin price is facing a
strong resistance near the $72.50 and $75.00 levels against the US Dollar. LTC could
extend losses towards the $62.00 or $60.00 support before a fresh increase.

Key Talking Points

  • Litecoin price failed to stay above the $75.40
    support and declined recently (Data feed of Kraken) against the US Dollar.
  • There is a crucial bearish trend line formed with
    resistance near the $72.50 level on the 4-hour chart.
  • LTC price is likely to dive towards the $62.00
    support level as long as it is below $75.40.

Litecoin Price Analysis (LTC)

This past week, there was a strong decline in bitcoin, Ethereum, EOS, ripple, litecoin and other altcoins against the US dollar. The LTC/USD pair broke a major support area near the $75.40 level to enter a bearish zone in the near term.

Litecoin Price Analysis LTC Chart

Looking at the 4-hour chart, LTC price declined heavily below the $75.40 support and settled below the 100 simple moving average (4-hour). The price even broke the $70.00 support level and traded as low as $67.08.

At the moment, the price is trading with a bearish angle,
with an immediate resistance near the $70.00 level and the 23.6% Fib retracement
level of the last drop from the $79.64 high to $67.08 low.

On the upside, there are many decisive resistances near the
$72.50 and $75.00 levels. There is also a crucial bearish trend line formed with
resistance near the $72.50 level on the 4-hour chart. Above the trend line, the
next resistance is near the $74.00 level.

Besides, the 50% Fib retracement level of the last drop from
the $79.64 high to $67.08 low is near the $73.35 level to act as a resistance. The
main resistance is near the $75.40 level (the previous support).

A successful close above the $75.40 level and the 100 simple
moving average (4-hour) is needed for litecoin price to start a strong upward
move. The next major resistances are near $80.00 and $82.50. Conversely, a downside
extension below the $67.00 level may push the price towards the next major
supports near the $62.00 and $60.00 levels in the coming days.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Risk Of Additional Weakness To $60 appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Bulls Facing Significant Resistance

Litecoin Price Analysis LTC Chart

Litecoin price extended losses
below the $75.40 support zone against the US dollar. LTC traded below the
$70.00 level and it is currently correcting higher towards the $74.50 and
$75.40 resistances.

Key Talking Points

  • Litecoin price moved into a bearish zone below
    the $75.40 support area (Data feed of Kraken) against the US Dollar.
  • There is a major bearish trend line formed with
    resistance at $75.00 on the hourly chart.
  • LTC price could correct higher, but it is likely
    to face sellers near $74.50 or $75.00.

Litecoin Price Analysis (LTC)

In the past two sessions, there was a strong decline in bitcoin, Ethereum, EOS, litecoin and ripple against the US Dollar. The LTC/USD pair broke the key $75.40 support area to move into a bearish zone.

Litecoin Price Analysis LTC Chart

Looking at the chart, LTC price even
broke the $74.50 and $72.10 support levels. There was a spike below the $70.00
support and the price settled well below the 100 hourly simple moving average. A
new weekly low was formed at $68.77 and the price is currently correcting
higher.

It broke the 23.6% Fib retracement level of the last decline
from the $79.64 high to $68.77 low. However, on the upside, there are many
hurdles for the bulls near the $74.50 and $75.00 levels.

There is also a major bearish trend line formed with
resistance at $75.00 on the hourly chart. The trend line coincides with the 100
hourly simple moving average and the 50% Fib retracement level of the last decline
from the $79.64 high to $68.77 low.

Therefore, if there is an upward move, litecoin is likely to
face a strong selling interest near the $74.50, $75.00 and $75.40 levels. Only
a close above the $76.00 level and the 100 hourly SMA could start a decent
upward move.

On the other hand, if litecoin price fails to move past the
$75.00 resistance area, there could be additional losses. An initial support is
at $70.00, below which there is a risk of a sharp drop below the $68.50 level in
the near term.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Bulls Facing Significant Resistance appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: One Final Push Before Higher?

Litecoin Price Analysis LTC Chart

Litecoin price failed to break
the $85.00 resistance and declined recently against the US Dollar. LTC could
test the $72.00 or $70.00 support level before a fresh increase in the near
term.

Key Talking Points

  • Litecoin price seems to be struggling below the
    $80.00 resistance area (Data feed of Kraken) against the US Dollar.
  • There is a major bearish trend line formed with
    resistance near the $80.10 level on the 4-hour chart.
  • LTC price could extend losses towards the $72.00
    or $70.00 support before buyers might appear.

Litecoin Price Analysis (LTC)

In the past two sessions, there was a downside extension in bitcoin, Ethereum, EOS, ripple, litecoin and other altcoins against the US dollar. The LTC/USD pair failed to break the $85.00 resistance area and recently declined below the $80.00 support area.

Litecoin Price Analysis LTC Chart

Looking at the 4-hour chart, LTC price formed a swing high near $84.14 before it collapsed below the $80.00 support. It settled below the $80.00 support and the 100 simple moving average (4-hour).

It even broke the $75.00 support level and traded as low as
$73.50. It is currently consolidating losses and recently traded above the 23.6%
Fib retracement level of the last decline from the $84.14 high to $73.50 low.

On the upside, there are many hurdles near the $78.50 and
$80.00 levels. There is also a major bearish trend line formed with resistance
near the $80.10 level on the 4-hour chart.

Before the trend line, the 50% Fib retracement level of the
last decline from the $84.14 high to $73.50 low is likely to act as a strong
resistance for buyers in the near term. A proper close above the trend line,
$80.00, and the 100 simple moving average (4-hour) is needed for a trend
change.

On the downside, the main support is near the $72.00 level,
below which litecoin price is likely to extend losses. The next key support is
near $68.80, where buyers are likely to take a stand. Overall, LTC could
decline further, but dips remain supported above $68.50.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: One Final Push Before Higher? appeared first on Ethereum World News.

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Litecoin (LTC) Price Analysis: Dips Remain Attractive To The Bulls

Litecoin Price Analysis LTC Chart

Litecoin price climbed higher
towards the $85.00 resistance and recently corrected lower against the US
dollar. LTC is currently holding a key support and dips remain well supported above
$76.50.

Key Talking Points

  • Litecoin price started a downside correction after
    trading close to $84.00 (Data feed of Kraken) against the US Dollar.
  • There is a major ascending channel in place with
    support at $80.00 on the hourly chart.
  • LTC price remains well supported on the downside
    near the $80.0 and $78.00 levels.

Litecoin Price Analysis (LTC)

Recently, there was a decent comeback in bitcoin, Ethereum, EOS, litecoin and ripple against the US Dollar. The LTC/USD pair started a steady rise from the $75.00 support and climbed above the $80.00 and $82.00 resistance levels.

Litecoin Price Analysis LTC Chart

Looking at the chart, LTC price traded towards the $85.00 resistance and settled above the 100 hourly simple moving average. A swing high was formed near the $84.01 level and recently the price corrected lower.

It declined below the $82.00 level, but found support near
the $80.00 level and the 100 hourly simple moving average. There is also a major
ascending channel in place with support at $80.00 on the hourly chart.

The pair traded as low as $80.02 and it is currently
consolidating losses. An initial resistance is near the $82.00 level and the 50%
Fib retracement level of the last decline from the $84.01 high to $80.02 low.

However, the main resistance is near the $82.50 level and
the 61.8% Fib retracement level of the last decline from the $84.01 high to $80.02
low. A successful close above $82.00 and $82.50 is likely to open the doors for
more gains above the $84.00 resistance level.

On the other hand, if there is a downside break below the
$80.00 support and the 100 hourly SMA, the price could decline towards the
$78.00 or $76.50 support level.

Overall, litecoin price remains well supported on the downside
above $76.50 and LTC bulls are likely to regain control for a fresh increase
towards the $84.00 or $85.00 level in the near term.

The market data is provided by TradingView.

The post Litecoin (LTC) Price Analysis: Dips Remain Attractive To The Bulls appeared first on Ethereum World News.