HomeBitcoin NewsLitecoin (LTC) Value Evaluation: Faces Main Hurdle Close to $115

Litecoin (LTC) Value Evaluation: Faces Main Hurdle Close to $115

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  • Litecoin is struggling to clear the $115 resistance in opposition to the US Greenback.
  • LTC worth is now buying and selling above $105 and the 55 easy transferring common (4-hours).
  • There’s a main bullish development line forming with help close to $109 on the 4-hours chart of the LTC/USD pair (information feed from Coinbase).
  • The pair might begin one other decline if it trades beneath $109 and $105.

Litecoin worth is struggling beneath $115 in opposition to the US Greenback, much like bitcoin. LTC worth decline closely if there’s a shut beneath the $105 stage.

Litecoin Value Evaluation

This week, there was an honest enhance in bitcoin, ethereum, ripple, and litecoin in opposition to the US Greenback. Earlier, LTC traded beneath the $95 help stage.

It traded as little as $91.52 earlier than beginning a recent enhance. There was a transparent transfer above the $100 resistance stage and the 55 simple moving average (4-hours). The worth climbed above the 50% Fib retracement stage of the important thing decline from the $132 excessive to $92 swing low.

There was additionally a spike above the $112 stage. Nevertheless, the value did not clear the $115 resistance zone. It confronted sellers close to the 61.8% Fib retracement stage of the important thing decline from the $132 excessive to $92 swing low.

It’s now consolidating beneath the $110 stage. On the upside, an preliminary resistance is close to the $114 stage. The primary main resistance is close to the $115 stage. To begin a recent enhance, the value should clear $115 and $116. Within the acknowledged case, the value might rise in direction of $125. The subsequent key resistance might be $132.

On the draw back, a direct help is close to the $108 stage. There may be additionally a significant bullish development line forming with help close to $109 on the 4-hours chart of the LTC/USD pair.

The subsequent key help is close to the $105 stage. If there’s a draw back break beneath the $105 help, the value might proceed to maneuver down in direction of the $92 stage.

Litecoin (Ltc) Price

Litecoin (LTC) Value

Wanting on the chart, litecoin worth is clearly buying and selling above $105 and the 55 easy transferring common (4-hours). General, the value might begin one other decline if it trades beneath $109 and $105.

Technical indicators

4 hours MACD – The MACD for LTC/USD is now gaining tempo within the bearish zone.

4 hours RSI (Relative Power Index) – The RSI for LTC/USD is now close to the 50 stage.

Key Help Ranges – $108 and $105

Key Resistance Ranges – $115 and $125.

Tags: litecoin, LTC

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