{"id":22270,"date":"2024-11-21T05:08:35","date_gmt":"2024-11-21T05:08:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=22270"},"modified":"2024-11-21T05:08:35","modified_gmt":"2024-11-21T05:08:35","slug":"litecoin-ltc-at-a-crossroads-can-it-rebound-and-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=22270","title":{"rendered":"Litecoin (LTC) at a Crossroads: Can It Rebound and Rally?"},"content":{"rendered":"

Litecoin price is consolidating above the $80.00 level against the US Dollar. LTC could start a fresh increase if it clears the $88.00 resistance zone.<\/em><\/p>\n

Litecoin is showing positive signs from the $80 support zone against the US Dollar.
\nThe price is now trading below $88 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $86.00 on the hourly chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could start a fresh increase if it clears the $88.00 resistance zone.<\/p>\n

Litecoin Price Eyes Fresh Increase<\/h2>\n

After forming a base above $85, Litecoin started a fresh increase. LTC price broke the $88 and $90 resistance levels to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price gained over 10% and even cleared the $95 level. A high was formed at $98 before there was a pullback. The price dipped below $88 and tested $82. A low was formed at $81.69 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $94.71 swing high to the $81.69 low.<\/p>\n

Litecoin is now trading below $88 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $85.00 zone. There is also a key bearish trend line forming with resistance at $86.00 on the hourly chart of the LTC\/USD pair.<\/p>\n

<\/a><\/p>\n

The next major resistance is near the $88 level or the 50% Fib retracement level of the downward move from the $94.71 swing high to the $81.69 low. If there is a clear break above the $88 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $92 and $95 levels. Any more gains might send LTC\u2019s price toward the $100 resistance zone.<\/p>\n

More Losses in LTC?<\/h2>\n

If Litecoin price fails to clear the $86 resistance level, there could be another decline. Initial support on the downside is near the $82 level.<\/p>\n

The next major support is forming near the $80 level, below which there is a risk of a move toward the $75 support. Any further losses may perhaps send the price toward the $68 support.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is below the 50 level.<\/p>\n

Major Support Levels \u2013 $82.00 followed by $80.00.<\/p>\n

Major Resistance Levels \u2013 $86.00 and $88.00.<\/p>","protected":false},"excerpt":{"rendered":"

Litecoin price is consolidating above the $80.00 level against the US Dollar. LTC could start a fresh increase if it clears the $88.00 resistance zone. Litecoin is showing positive signs from the $80 support zone against the US Dollar. The price is now trading below $88 and the 100-hourly Simple Moving Average. There is a […]<\/p>\n","protected":false},"author":0,"featured_media":22271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22270"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22270"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22271"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}