- Litecoin began a recent decline beneath the $100 zone towards the US Dollar.
- LTC worth is now buying and selling beneath $100 and the 55 easy transferring common (4-hours).
- There is a key bearish pattern line forming with resistance close to $96.90 on the 4-hours chart of the LTC/USD pair (information feed from Coinbase).
- The pair may wrestle to clear the $97 and $100 resistance ranges within the close to time period.
Litecoin worth is struggling beneath $100 towards the US Dollar, just like bitcoin. LTC worth may proceed to say no if it stays beneath the $100 resistance zone.
Litecoin Price Analysis
In the previous few periods, there was a recent decline in bitcoin, ethereum, ripple, and litecoin towards the US Dollar. Earlier, LTC shaped a excessive close to $105.69 and began a recent decline.
There was a transfer beneath the $102 and $100 help ranges. The worth even declined beneath the 61.8% Fib retracement stage of the upward transfer from the $88.25 swing low to $105.69 excessive. It is now buying and selling beneath $100 and the 55 easy transferring common (4-hours).
The worth examined the $91.75 help zone. It remained bid above the 76.4% Fib retracement stage of the upward transfer from the $88.25 swing low to $105.69 excessive.
It is now recovering greater in the direction of the $97 zone. On the upside, the worth is dealing with resistance close to the $97.00 zone. There can also be a key bearish pattern line forming with resistance close to $96.90 on the 4-hours chart of the LTC/USD pair.
The subsequent main resistance sits close to the $100 stage. The essential resistance is close to the $105 stage. A transparent transfer above the $105 stage may pump the worth in the direction of the $115 stage and even $120. The subsequent main resistance might be $125.
On the draw back, an instantaneous help is close to the $94 stage. The subsequent key help is close to the $91.75 stage. If there’s a draw back break beneath the $91.75 help, the worth may speed up decrease in the direction of the $88 stage within the close to time period.
Litecoin (LTC) Price
Looking on the chart, litecoin worth is clearly buying and selling beneath $100 and the 55 easy transferring common (4-hours). Overall, the worth may wrestle to clear the $97 and $100 resistance ranges within the close to time period.
Technical indicators
4 hours MACD – The MACD for LTC/USD is now gaining tempo within the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now above the 50 stage.
Key Support Levels – $94.00 and $91.75.
Key Resistance Levels – $100.00 and $105.00.
Content Source: www.livebitcoinnews.com
