{"id":12881,"date":"2018-06-12T10:13:51","date_gmt":"2018-06-12T09:13:51","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=12881"},"modified":"2020-02-19T01:30:54","modified_gmt":"2020-02-18T23:30:54","slug":"litecoin-price-analysis-ltc-usd-correction-could-be-limited","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-correction-could-be-limited\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Correction Could Be Limited"},"content":{"rendered":"<p><em>Litecoin price is holding the $100 support area against the US Dollar. LTC\/USD could correct higher or consolidate in the near term between $100-112.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price is forming a support base above the $100 level (Data feed of Kraken) against the US Dollar.<\/li>\n<li>Yesterday\u2019s highlighted connecting bearish trend line was broken with resistance at $105 on the hourly chart of the LTC\/USD pair.<\/li>\n<li>The pair may consolidate in the short term above the $100 level before making the next move.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>Yesterday, we saw a solid downside move below the $110 support in litecoin price against the US dollar. The LTC\/USD pair traded towards the $100 handle and it formed a low around $103.<\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">chart<\/a>, the price formed a decent support base near $102-103 and is currently correcting higher. It traded a few points above the 23.6% Fib retracement level of the last drop from the $119.20 high to $103.07 low.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Litecoin_Price_Chart-7.png\"><img decoding=\"async\" class=\"alignnone size-large wp-image-12882\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Litecoin_Price_Chart-7-1024x480.png\" alt=\"Litecoin Price Analysis LTC\" width=\"1024\" height=\"480\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Litecoin_Price_Chart-7-1024x480.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Litecoin_Price_Chart-7-300x141.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Litecoin_Price_Chart-7-770x361.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Litecoin_Price_Chart-7.png 1330w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>Moreover, yesterday\u2019s highlighted connecting bearish trend line was broken with resistance at $105 on the hourly chart of the LTC\/USD pair. There are chances of more gains above the $105 level in the near term.<\/p>\n<p>However, there are many hurdles on the upside around the $100 level. The most important resistance is near the 50% Fib retracement level of the last drop from the $119.20 high to $103.07 low around $111.<\/p>\n<p>Therefore, if the price corrects higher from the current levels, it could face sellers near the $108, $110 and $111 levels. Above this last, the price may test the 100 hourly simple moving average, which is positioned near the $114 level.<\/p>\n<p>On the flip side, if the price moves down once again, it could break the $103 swing low. Below this, there is a risk of a downside break below the $100 level in the near term.<\/p>\n<p>Overall, the current market sentiment is slightly positive with ranging moves above the $100 handle.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is holding the $100 support area against the US Dollar. LTC\/USD could correct higher or consolidate in the near term between $100-112. Key Talking Points Litecoin price is forming a support base above the $100 level (Data feed of Kraken) against the US Dollar. Yesterday\u2019s highlighted connecting bearish trend line was broken with resistance at $105 on the hourly chart of the LTC\/USD pair. The pair may consolidate in the short term above the $100 level before making [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":12882,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[824],"tags":[188,161,111],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/12881"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=12881"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/12881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/12882"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=12881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=12881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=12881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}