- Litecoin began a gradual enhance above $92 in opposition to the US Dollar.
- LTC worth is now buying and selling above $94 and the 55 easy shifting common (4-hours).
- There was a break above a key bearish development line with resistance at $94 on the 4-hours chart of the LTC/USD pair (knowledge feed from Coinbase).
- The pair may acquire bullish momentum if it clears the $98 and $100 resistance ranges.
Litecoin worth is exhibiting optimistic indicators above $94 in opposition to the US Dollar, just like bitcoin. LTC worth may climb additional if there’s a clear transfer above $98.
Litecoin Price Analysis
In the previous few periods, there have been principally vary strikes in bitcoin, ethereum, ripple, and litecoin in opposition to the US Dollar. Earlier, LTC fashioned a base above the $90 stage and began a contemporary enhance.
There was a transparent transfer above the $92 and $94 resistance ranges. During the rise, there was a break above a key bearish development line with resistance at $94 on the 4-hours chart of the LTC/USD pair. The worth even climbed above the $95 stage and the 55 easy shifting common (4-hours).
It is now buying and selling above $94 and the 55 easy shifting common (4-hours). On the upside, the worth is going through resistance close to the $98 stage. It is close to the 50% Fib retracement stage of the downward transfer from the $106 swing excessive to $90 low.
A transparent transfer above the $98 stage may push the worth in the direction of the $100 stage. It is close to the 61.8% Fib retracement stage of the downward transfer from the $106 swing excessive to $90 low.
The subsequent main resistance sits close to the $105 stage. Any extra features may ship the worth in the direction of the $112 stage. On the draw back, an preliminary help is close to the $94 stage. The subsequent main help is close to the $90 stage. If there’s a draw back break beneath the $90 help, the worth may speed up decrease in the direction of the $85 stage within the close to time period.
Litecoin (LTC) Price
Looking on the chart, litecoin worth is clearly buying and selling above $94 and the 55 easy shifting common (4-hours). Overall, the worth may acquire bullish momentum if it clears the $98 and $100 resistance ranges.
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 and $90
Key Resistance Levels – $98 and $100.
Content Source: www.livebitcoinnews.com
