<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ltc-shows-promising-signs-of-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow">LTC Shows Promising Signs of Recovery</a><br></p>
<p style="text-align: justify">Litecoin (LTC), against the dollar, is showing promising signals from the $75 support zone. Following a steady decline recently, LTC <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">price</a> has initiated a recovery movement above the $78.00 and $80.00 resistance levels. Now, LTC <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">investors</a> are curious about which levels the price might head towards. Let’s look at the details.</p>
<h2 style="text-align: justify" id="ltc-bulls-on-the-move">LTC Bulls on the Move</h2>
<p style="text-align: justify">The bulls have even pushed the price above $82.00. On the 4-hour chart of the LTC/USD pair, there is a significant downtrend line determined by the $83.00 resistance. Silver <a href="https://en.coin-turk.com/bitcoin-climbs-investors-eye-next-moves/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> Litecoin is currently trading below $85, but carries upward potential.</p>
<p style="text-align: justify">In the coming period, it is expected to break above the $83.00 resistance. The next major resistance is near the $84 level. If the $84 resistance is clearly surpassed, it is anticipated that the cryptocurrency Litecoin could start a strong upward trend.</p>
<p style="text-align: justify">In this scenario, it is likely that the price will continue to rise towards the $88.50 and $90.00 levels. Further increases could push LTC’s price up to the $95.00 resistance area.</p>
<h2 style="text-align: justify" id="if-cryptocurrency-ltc-fails-to-surpass-resistance-zones">If Cryptocurrency LTC Fails to Surpass Resistance Zones!</h2>
<p style="text-align: justify">The current situation of the cryptocurrency Litecoin is characterized by the failure to surpass the $84 resistance level. Not surpassing this level strengthens the possibility of a correction. If LTC moves downward, the first support forms around $80.</p>
<p style="text-align: justify">However, the most notable point is the main support level at $77.80. Dropping below this level indicates a move towards the $75 support level. Moreover, further losses could send the price down to $70.</p>
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-349514 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/ltc.png" alt="" width="1815" height="798"></p>
<p style="text-align: justify">Looking at the technical indicators, we see that the 4-hour MACD is gaining momentum in the bullish zone. This suggests a possible upward trend in price. Additionally, the 4-hour RSI for LTC/USD is above the 65 level, which could be interpreted as a strong buy signal. Dropping below the main support levels could pull the price further down and lead to testing the $70 support.</p>
<p style="text-align: justify">Silver Bitcoin LTC investors should watch the $78 and $76 levels as critical support levels. For a quick rise, investors should also monitor the $85 level. Litecoin is trading at $82.09 at the time of writing.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ltc-shows-promising-signs-of-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow">LTC Shows Promising Signs of Recovery</a></h5>

LTC Shows Promising Signs of Recovery

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