Litecoin

Solana

Resistance

<a href="https://bitcoinworld.co.in/price-analysis-litecoin-ltc-started-a-fresh-decline-aim-for-more-losses-below-60/" title="Price Analysis: Litecoin (LTC) Started A Fresh Decline, Aim For More Losses Below $60" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The price of Litecoin (LTC) started a fresh decline from the $72.00 resistance zone against the US Dollar.</li> 
 <li style="font-weight: 400">LTC price is now trading below $68.00 and the 55 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">There is a key bearish trend line forming with resistance near $69.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase).</li> 
 <li style="font-weight: 400">The pair could continue to move down unless the bulls protect the $63.20 support zone.</li> 
 <li style="font-weight: 400">Litecoin price is struggling below $70.00 against the US Dollar, like Bitcoin. LTC price could continue to decline if it stays below the $63.20 resistance zone.</li> 
</ul> 
In the past few sessions, there was a sharp decline in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC <a href="https://coinstats.app/coins/litecoin/">struggled</a> to clear the $72.40 resistance and started a fresh decline. 
The price broke the $70.00 support zone to enter a bearish zone. The bears even pushed the price below the $65 support zone. It tested the $63.20 zone.&nbsp; 
<figure id="attachment_63673" aria-describedby="caption-attachment-63673" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-63673" src="https://bitcoinworld.co.in/wp-content/uploads/LTC-Price-Chart-483x300.png" alt="" width="591" height="367" srcset="https://bitcoinworld.co.in/wp-content/uploads/LTC-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/LTC-Price-Chart.png 760w" sizes="(max-width: 591px) 100vw, 591px">
 <figcaption id="caption-attachment-63673" class="wp-caption-text">
 LTC Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
A low has formed near $63.13, and the price is now consolidating losses. It is now trading below $70.00 and the 55 simple moving average (4 hours). 
Immediate resistance is near the $67.80 level. It is close to the 50% Fib retracement level of the downward move from the $72.61 swing high to the $63.13 low. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/price-analysis-sol-price-recovery-may-not-last-unless-solana-clears-this-hurdle/" aria-label="“Price Analysis: SOL Price Recovery May Not Last Unless Solana Clears This Hurdle” (Edit)">Price Analysis: SOL Price Recovery May Not Last Unless Solana Clears This Hurdle</a> 
The next major resistance is near the $69.00 level or the 61.8% Fib retracement level of the downward move from the $72.61 swing high to the $63.13 low.&nbsp; 
There is also a key bearish trend line forming with resistance near $69.00 on the 4-hour chart of the LTC/USD pair. 
A clear move above the $69.00 level could pump the price toward the $72.50 level. The next major resistance could be $75.00. On the downside, immediate support is near the $64.25 level. 
The next key support is near the $63.20 level. If there is a downside break below the $63.20 support, the price could accelerate lower toward the $60.00 level in the near term. 
<figure id="attachment_63674" aria-describedby="caption-attachment-63674" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-63674" src="https://bitcoinworld.co.in/wp-content/uploads/Litecoin-Price-Chart-483x300.png" alt="" width="647" height="402" srcset="https://bitcoinworld.co.in/wp-content/uploads/Litecoin-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Litecoin-Price-Chart.png 760w" sizes="(max-width: 647px) 100vw, 647px">
 <figcaption id="caption-attachment-63674" class="wp-caption-text">
 Litecoin Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Looking at the chart, Litecoin price is clearly trading below $70.00 and the 55 simple moving average (4 hours). Overall, the price could continue to move down if it stays below the $69.00 resistance zone. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4 hours MACD – The MACD for LTC/USD is now losing pace in the bearish zone.</li> 
 <li style="font-weight: 400">4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now below the 50 level.</li> 
 <li style="font-weight: 400">Key Support Levels – $64.25 and $63.20.</li> 
 <li style="font-weight: 400">Key Resistance Levels – $67.80 and $69.00.</li> 
</ul> 
The post <a href="https://bitcoinworld.co.in/price-analysis-litecoin-ltc-started-a-fresh-decline-aim-for-more-losses-below-60/">Price Analysis: Litecoin (LTC) Started A Fresh Decline, Aim For More Losses Below $60</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Price Analysis: Litecoin (LTC) Started A Fresh Decline, Aim For More Losses Below $60

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