{"id":22498,"date":"2018-10-10T05:33:09","date_gmt":"2018-10-10T04:33:09","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=22498"},"modified":"2020-02-19T01:30:49","modified_gmt":"2020-02-18T23:30:49","slug":"litecoin-price-analysis-ltc-usd-extends-range-trading","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-extends-range-trading\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Extends Range Trading"},"content":{"rendered":"<p><em>Litecoin price failed to move above the $60.00 resistance and declined against the US Dollar. LTC\/USD is moving lower towards the $56.50 support level.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price struggled to gain momentum above the $59.50 and $60.00 levels (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There is a short-term declining channel in place with support at $57.50 on the hourly chart of the LTC\/USD pair.<\/li>\n<li>LTC price may continue to move down towards the $56.50 and $56.00 support levels before higher.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>There was another attempt to break the $59.50 and $60.00 resistance levels by litecoin price against the US dollar. The LTC\/USD pair failed to break the $60.00 hurdle and started a short-term downside move.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-7.png\"><img decoding=\"async\" width=\"1024\" height=\"493\" class=\"alignnone size-large wp-image-22499\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-7-1024x493.png\" alt=\"Litecoin Price Analysis LTC Chart\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-7-1024x493.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-7-300x144.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-7.png 1828w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, LTC price seems to be trading in a range between the $56.00 and $60.00 levels. The price is currently moving lower and it broke the 50% Fib retracement level of the last wave from the $56.60 swing low to $59.70 high.<\/p>\n<p>Moreover, there was a break below the $58.00 level and the 100 hourly simple moving average. The price is currently attempting to break a short-term declining channel with support at $57.50 on the hourly chart of the LTC\/USD pair.<\/p>\n<p>If there is a break below the $57.50 level and the 76.4% Fib retracement level of the last wave from the $56.60 swing low to $59.70 high, there could be more losses.<\/p>\n<p>In the mentioned case, the price could revisit the $56.50 support level, below which the next major support is at $56.00. It seems like the price may continue to range trade in the coming sessions above the $56.50 support before buyers appear.<\/p>\n<p>Having said that, litecoin buyers need to take control above the $59.00 and $60.00 resistance levels to push the price back in a bullish zone. Above $60.00, the price will most likely accelerate gains towards the $65.00 or $70.00 levels.<\/p>\n<p>On the downside, a break below $56.00 could put a lot of pressure on LTC\/USD in the near term.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price failed to move above the $60.00 resistance and declined against the US Dollar. LTC\/USD is moving lower towards the $56.50 support level. Key Talking Points Litecoin price struggled to gain momentum above the $59.50 and $60.00 levels (Data feed of Kraken) against the US Dollar. There is a short-term declining channel in place with support at $57.50 on the hourly chart of the LTC\/USD pair. LTC price may continue to move down towards the $56.50 and $56.00 support [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":22499,"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\/22498"}],"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=22498"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/22498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/22499"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=22498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=22498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=22498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}