Litecoin started a steady increase above against the US Dollar. LTC price is now trading below and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near .45 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the and resistance levels. Litecoin price is showing positive signs above against the US Dollar, similar to Bitcoin. LTC price could climb further if there is a clear move above . Litecoin Price Analysis In the past few sessions, there were mostly bullish moves in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC formed a base above the .50 level and started a fresh increase. There was a clear move
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- Litecoin started a steady increase above $88 against the US Dollar.
- LTC price is now trading below $92 and the 55 simple moving average (4 hours).
- There is a key bullish trend line forming with support near $90.45 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
- The pair could gain bullish momentum if it clears the $92 and $95 resistance levels.
Litecoin price is showing positive signs above $88 against the US Dollar, similar to Bitcoin. LTC price could climb further if there is a clear move above $95.
Litecoin Price Analysis
In the past few sessions, there were mostly bullish moves in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC formed a base above the $87.50 level and started a fresh increase.
There was a clear move above the $90 and $92 resistance levels. However, the bears were active near the $95 resistance zone. A high was formed near $95.85 before there was a downside correction. The price declined below $90 and tested $89.85.
It is now consolidating below $92 and the 55 simple moving average (4 hours). On the upside, the price is facing resistance near the $92 level. It is close to the 23.6% Fib retracement level of the downward move from the $95.85 swing high to the $89.85 low.
A clear move above the $92 level could push the price towards the $93.50 level or the 61.8% Fib retracement level of the downward move from the $95.85 swing high to the $89.85 low. The next major resistance sits near the $95 level. Any more gains might send the price toward the $100 level.
On the downside, initial support is near the $90 level. There is also a key bullish trend line forming with support near $90.45 on the 4-hours chart of the LTC/USD pair.
The next major support is near the $88 level. If there is a downside break below the $88 support, the price could accelerate lower toward the $82 level in the near term.
Litecoin (LTC) Price
Looking at the chart, Litecoin’s price is trading below $92 and the 55 simple moving average (4 hours). Overall, the price could gain bullish momentum if it clears the $92 and $95 resistance levels.
Technical indicators
4 hours MACD – The MACD for LTC/USD is now losing pace in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now below the 50 level.
Key Support Levels – $90 and $88
Key Resistance Levels – $92 and $95.