2024

Litecoin

Resistance

<a href="https://bitcoinworld.co.in/litecoin-ltc-price-analysis-can-bulls-hold-this-key-support/" title="Litecoin (LTC) Price Analysis: Can Bulls Hold This Key Support?" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Litecoin (LTC) <a href="https://coinstats.app/coins/litecoin/">price</a> is holding gains above the $82.00 support against the US Dollar.</li> 
 <li style="font-weight: 400">LTC price is now trading above $82.00 and the 55 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">There is a key rising channel forming with resistance near $88.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase).</li> 
 <li style="font-weight: 400">The pair could gain bullish momentum if it clears the $88.50 and $92.50 resistance levels.</li> 
</ul> 
Litecoin price is holding gains above $82 against the US Dollar, like Bitcoin. LTC price could climb again if there is a clear move above $88.50. 
<h3 id="span-style-font-weight-400-litecoin-price-analysis-span">Litecoin Price Analysis</h3> 
In the past few sessions, there were range moves in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC struggled to clear the $106 resistance zone and started a fresh decline. 
There was a move below the $92 and $82 support levels. Finally, the bulls protected the key support at $70.00.&nbsp; 
A low was formed near $70.83, and the price is now attempting a fresh increase. The price started a recovery wave above the $80 level. 
<figure id="attachment_71156" aria-describedby="caption-attachment-71156" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-71156" src="https://bitcoinworld.co.in/wp-content/uploads/Litecoin-Price-Chart-2-483x300.png" alt="" width="572" height="355" srcset="https://bitcoinworld.co.in/wp-content/uploads/Litecoin-Price-Chart-2-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Litecoin-Price-Chart-2.png 760w" sizes="(max-width: 572px) 100vw, 572px">
 <figcaption id="caption-attachment-71156" class="wp-caption-text">
 Litecoin Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
It broke the 23.6% Fib retracement level of the downward move from the $106.00 swing high to the $70.80 low. Litecoin is now trading above $82.00 and the 55 simple moving average (4 hours). 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bnb-price-reclaims-600-and-bulls-could-now-aim-for-new-2024-high/" aria-label="“BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High” (Edit)">BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High</a> 
On the upside, the price is facing resistance near the $88.50 level or the 50% Fib retracement level of the downward move from the $106.00 swing high to the $70.80 low. There is also a key rising channel forming with resistance near $88.50 on the 4-hour chart of the LTC/USD pair. 
The next major resistance is near the $92.50 level. A clear move above the $92.50 level could push the price toward the $100 zone. The next major resistance sits near the $106 level. Any more gains might send the price toward the $120 level. 
On the downside, initial support is near the $82.00 level. The next major support is near the $80.00 level. If there is a downside break below the $80.00 support, the price could accelerate lower toward the $70.00 level in the near term. 
Looking at the chart, Litecoin’s price is trading above $82.00 and the 55 simple moving average (4 hours). Overall, the price could gain bullish momentum if it clears the $88.50 and $92.50 resistance levels. 
<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 gaining 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 – $82.00 and $80.00.</li> 
 <li style="font-weight: 400">Key Resistance Levels – $88.50 and $92.50.</li> 
</ul> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
&nbsp; 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/litecoin-ltc-price-analysis-can-bulls-hold-this-key-support/">Litecoin (LTC) Price Analysis: Can Bulls Hold This Key Support?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Litecoin (LTC) Price Analysis: Can Bulls Hold This Key Support?

Table of Contents

ItsBitcoinWorld

Other articles published on Apr 25, 2024

Can Dogwifhat surge again after a 20% drop? Ethereum-based memecoin shows 290% price growth

BONK Sees Bullish Prospects As Community Votes Yes To Massive Burn

Digital Currency Group Onboards Aimie Killeen As Legal Chief

Top Crypto Presales: BlockDAG Leads Mega Dice, 99Bitcoins, 5thScape, eTukTuk, and Bitcoin Minetri...

Challenges and Changes in the Bitcoin ETF Market

Best Meme Coins to Buy Now For 25X Potential Including PEPE, BONK, WIF and More

Join our free newsletter for daily crypto updates!