- Litecoin price extended its decline below the $110 support zone against the US Dollar.
- Prețul LTC se tranzacționează acum sub 120 USD și media mobilă simplă de 55 (4 ore).
- There was a break above a crucial bearish trend line with resistance near $114 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
- The pair could start a decent increase above the $118 and $120 resistance levels in the near term.
Litecoin price is attempting a recovery above $110 against the US Dollar, similar to Bitcoin. LTC price must clear $120 to start a decent increase in the near term.
Analiza prețurilor Litecoin
This week, there was a downside extension in bitcoin, ethereum, clipoci, and litecoin against the US Dollar. Earlier, LTC failed to stay above the main $120 support level.
The price even broke the $110 support level and settled well below the 55 simple moving average (4-hours). It traded as low as $104 before it started an upside correction. It climbed above the $110 and $112 resistance levels.
There was a break above the 23.6% Fib retracement level of the key decline from the $140 swing high to $104 low. Besides, there was a break above a crucial bearish trend line with resistance near $114 on the 4-hours chart of the LTC/USD pair.
The pair is now trading near the $118 and $120 resistance levels. The 50% Fib retracement level of the key decline from the $140 swing high to $104 low is also near the $120 level.
The 55 simple moving average (4-hours) is also near the $120 zone. A clear break and close above $120 could open the doors for a decent increase. The next major resistance is near the $135. On the downside, the $110 level is a strong support. If there is a close below $110, the price might dive towards the $100 level.
Prețul Litecoin (LTC)
Privind la diagramă, litecoin price is clearly trading well below $120 and the 55 simple moving average (4-hours). Overall, the price could start a decent increase above the $118 and $120 resistance levels in the near term.
tehnice de indicatori
4 ore MACD - MACD pentru LTC / USD câștigă încet ritm în zona alcătească.
4 ore RSI (Relative Strength Index) - RSI pentru LTC / USD este acum peste nivelul de 50.
Niveluri cheie de asistență - 110 $ și 100 $.
Niveluri cheie de rezistență - 120 $ și 130 $.
