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Litecoin (LTC) Price Analysis: Bulls Regain Strength Above $92

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Earn Your First Bitcoin Sign up and get Bonus Referral bonus up to ,000 Sign up Litecoin started a steady increase above against the US Dollar. LTC price is now trading above and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at on the 4-hour 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 positive moves

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Litecoin (LTC) Price Analysis: Bulls Regain Strength Above $92

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  • Litecoin started a steady increase above $92 against the US Dollar.
  • LTC price is now trading above $92 and the 55 simple moving average (4 hours).
  • There was a break above a key bearish trend line with resistance at $85 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase).
  • The pair could gain bullish momentum if it clears the $95 and $98 resistance levels.

Litecoin price is showing positive signs above $92 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 positive moves in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. Earlier, LTC formed a base above the $75 level and started a fresh increase.

There was a clear move above the $80 and $92 resistance levels. During the increase, there was a break above a key bearish trend line with resistance at $85 on the 4-hour chart of the LTC/USD pair. The pair even cleared the $92 resistance zone.

It is now trading above $92 and the 55 simple moving average (4 hours). A high is formed near $95.00 and the price is now consolidating gains.

On the downside, initial support is near the $90.40 level. It is near the 23.6% Fib retracement level of the upward move from the $75.32 swing low to the $95.00 high. The next major support is near the $85 level and the trend line.

The 50% Fib retracement level of the upward move from the $75.32 swing low to the $95.00 high is also near the $85 level. If there is a downside break below the $85 support, the price could accelerate lower toward the $80 level in the near term.

On the upside, the price is facing resistance near the $95 level. A clear move above the $95 level could push the price toward the $98 level. The next major resistance sits near the $100 level. Any more gains might send the price toward the $112 level.

Litecoin (LTC) Price Analysis: Bulls Regain Strength Above $92

Litecoin (LTC) Price

Looking at the chart, Litecoin price is clearly trading above $92 and the 55 simple moving average (4 hours). Overall, the price could gain bullish momentum if it clears the $95 and $98 resistance levels.

Technical indicators

4 hours MACD – The MACD for LTC/USD is now gaining pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now above the 50 level.

Key Support Levels – $90 and $85

Key Resistance Levels – $95 and $98.

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