{"id":23002,"date":"2018-10-15T05:16:13","date_gmt":"2018-10-15T04:16:13","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=23002"},"modified":"2020-02-19T01:30:49","modified_gmt":"2020-02-18T23:30:49","slug":"litecoin-price-analysis-ltc-usd-remains-at-risk-below-52","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-remains-at-risk-below-52\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Remains At Risk Below $52"},"content":{"rendered":"<p><em>Litecoin price failed to recover above the $54.00 level and declined against the US Dollar. LTC\/USD remains at a risk of more losses as long as it is below $55.00.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price is struggling to move past the $54.00 and $55.00 resistances (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There are two bearish trend lines in place with resistance at $52.80 and $53.80 on the hourly chart of the LTC\/USD pair.<\/li>\n<li>LTC price may continue to move as long as there is no close above $55.00.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>After testing the $50.00 support, litecoin price started an upside correction against the US dollar. The LTC\/USD pair traded above the $52.00 resistance, but it failed to clear the $54.00 hurdle.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-10.png\"><img decoding=\"async\" width=\"1024\" height=\"492\" class=\"alignnone size-large wp-image-23003\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-10-1024x492.png\" alt=\"Litecoin Price Analysis LTC Chart\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-10-1024x492.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-10-300x144.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-10.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 traded as high as $53.88 and later started a downside correction. The price moved below the $52.00 support and even broke the 61.8% Fib retracement level of the last wave from the $49.89 low to $53.88 high.<\/p>\n<p>However, buyers appeared near the $51.00 support and protected declines. The 76.4% Fib retracement level of the last wave from the $49.89 low to $53.88 high also acted as a support.<\/p>\n<p>On the upside, an initial resistance is near the $52.50 level and the 100 hourly simple moving average. There are also two bearish trend lines in place with resistance at $52.80 and $53.80 on the hourly chart of the LTC\/USD pair.<\/p>\n<p>The second bearish trend line positioned at the $53.80 level is a significant resistance along with the $54.00 level. Above these, the next major hurdle for buyers is near the $55.00 level.<\/p>\n<p>A proper break and close above the $54.00 and $55.00 resistance levels is needed for buyers to take control in the near term.<\/p>\n<p>If litecoin price continues to fail near the $54.00 resistance, there could be more declines. There is even a risk of a downside break below the $50.00 support area, which could lead LTC\/USD towards the $44.00 level.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price failed to recover above the $54.00 level and declined against the US Dollar. LTC\/USD remains at a risk of more losses as long as it is below $55.00. Key Talking Points Litecoin price is struggling to move past the $54.00 and $55.00 resistances (Data feed of Kraken) against the US Dollar. There are two bearish trend lines in place with resistance at $52.80 and $53.80 on the hourly chart of the LTC\/USD pair. LTC price may continue to [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":23003,"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\/23002"}],"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=23002"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/23002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/23003"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=23002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=23002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=23002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}