{"id":23685,"date":"2018-10-22T05:10:46","date_gmt":"2018-10-22T04:10:46","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=23685"},"modified":"2020-02-19T01:30:48","modified_gmt":"2020-02-18T23:30:48","slug":"litecoin-price-analysis-ltc-usd-holding-significant-support","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-holding-significant-support\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Holding Significant Support"},"content":{"rendered":"<p><em>Litecoin price is struggling to move past the $53.50 resistance against the US Dollar. LTC\/USD must stay above the $50.00 and $51.00 supports to bounce back.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price is finding it hard to move past the $53.00 and $53.50 resistances (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There is a major bearish trend line in place with resistance at $52.65 on the hourly chart of the LTC\/USD pair.<\/li>\n<li>LTC price must stay above the $51.00 and $50.00 support levels to recover above $54.00.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>This past week, we saw a sharp reversal from the $58.00 swing high in litecoin price against the US dollar. The LTC\/USD pair started a downside move and declined below the $54.00 support area.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-15.png\"><img decoding=\"async\" width=\"1024\" height=\"504\" class=\"alignnone size-large wp-image-23686\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-15-1024x504.png\" alt=\"Litecoin Price Analysis LTC Chart\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-15-1024x504.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-15-300x148.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/10\/Litecoin_Price_Chart-15.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 extended decline towards the $50.00 support area and tested the $51.00 zone. A low was formed near $50.97 before the price started a recovery.<\/p>\n<p>The price moved above the $52.60 level and the 100 hourly simple moving average. There was also a break above the 23.6% Fib retracement level of the last slide from the $58.05 high to $50.97 low. However, the price failed to break the $53.00 and $53.50 resistance levels.<\/p>\n<p>There is also a major bearish trend line in place with resistance at $52.65 on the hourly chart of the LTC\/USD pair. The pair is currently trading well below the $53.00 level and the 100 hourly SMA.<\/p>\n<p>To start a substantial recovery, the price must break the trend line and the $53.50 resistance. Above these, the price may test the next hurdle near $54.50 and the 50% Fib retracement level of the last slide from the $58.05 high to $50.97 low.<\/p>\n<p>On the downside, there are two important supports near the $51.00 and $50.00 levels. As long as the price is above $50.00, it could start a fresh recovery in the near term.<\/p>\n<p>Overall, the current market sentiment is neutral and litecoin price may continue to trade in a range above $51.00 and $50.00 before the next move.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is struggling to move past the $53.50 resistance against the US Dollar. LTC\/USD must stay above the $50.00 and $51.00 supports to bounce back. Key Talking Points Litecoin price is finding it hard to move past the $53.00 and $53.50 resistances (Data feed of Kraken) against the US Dollar. There is a major bearish trend line in place with resistance at $52.65 on the hourly chart of the LTC\/USD pair. LTC price must stay above the $51.00 and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":23686,"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\/23685"}],"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=23685"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/23685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/23686"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=23685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=23685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=23685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}