Litecoin price started a steady increase above the $65 resistance against the US Dollar. LTC is currently rising and might rally further towards the $100 level.
- Litecoin huet eng staark Erhéijung iwwer dem $ 55 an $ 65 Niveau géint den US Dollar ugefaang.
- De Präis handelt elo iwwer $ 65 an dem 100 einfache bewegt Duerchschnëtt (4 Stonnen).
- Et gëtt eng Schlëssel bearish Trend Linn mat Resistenz no bei $77.50 op der 4-Stonne Diagramm vum LTC/USD Paar (Datenfeed vu Kraken).
- The price must clear the $77.50 and $84 to rise towards the $100 resistance zone.
Litecoin Präis iwwer Bitcoin
In the past few days, litecoin price saw a decent increase above the $50 level against the US Dollar. LTC price rallied over 20% and outperformed both bitcoin an ethereum.
There was a move above the $65 and $75 resistance levels. The price even surpassed $80 and settled above the 100 simple moving average (4-hours). It traded as high as $83.35 before there was a downside correction. There was a move below the $80 and $75 support levels.
The price declined below the 23.6% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. However, litecoin price is now trading above $65 and the 100 simple moving average (4-hours).
It stayed above the 50% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. On the upside, an immediate resistance is near the $77.50 level.
Source: LTCUSD op TradingView.com
There is also a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC/USD pair. If there is a clear break above the $77.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $85 and $90 levels. Any more gains might send ltc price towards the $100 resistance zone.
Dips Limitéiert am LTC?
If Litecoin price fails to clear the $77.50 resistance level, there could be another pullback. An initial support on the downside is near the $71.20 level.
Déi éischt grouss Ënnerstëtzung formt sech no beim Niveau vun $68. All weider Verloschter kënne vläicht de Präis op d'$55 Ënnerstëtzung an de kommende Sessiounen schécken.
Technesch Indikatiounen:
4-hours MACD – The MACD is slowly moving into the bullish zone.
4-Stonne RSI (Relative Strength Index) - De RSI fir LTC / USD ass de Moment iwwer dem 50 Niveau.
Major Support Levels - $ 71.20 gefollegt vun $ 68.00.
Major Resistenzniveauen - $ 77.50 an $ 85.00.
Source: https://newsbtc.com/analysis/ltc/litecoin-price-prediction-100-target/