{"id":34764,"date":"2019-02-18T07:03:57","date_gmt":"2019-02-18T06:03:57","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=34764"},"modified":"2020-02-19T01:30:44","modified_gmt":"2020-02-18T23:30:44","slug":"litecoin-ltc-price-analysis-approaching-next-bullish-break","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-ltc-price-analysis-approaching-next-bullish-break\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Approaching Next Bullish Break"},"content":{"rendered":"<p><em>Litecoin price is facing a strong resistance near the $45.00 area against the US dollar. LTC remains well supported and it could soon break the $45.00 and $48.00 resistances.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price rallied this past week and settled above the $42.00 support (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There is a major bullish trend line in place with support at $42.80 on the hourly chart.<\/li>\n<li>LTC price could dip a few points, but it may soon break the $45.00 resistance area.<\/li>\n<\/ul>\n<h2>Litecoin Price Analysis<\/h2>\n<p>This past week, there were <a href=\"https:\/\/ethereumworldnews.com\/litecoin-ltc-price-analysis-bullish-continuation-above-48-50\/\" target=\"_blank\" rel=\"noopener noreferrer\">bullish moves above the $40.00 resistance<\/a> in litecoin price against the US dollar. The LTC\/USD pair gained traction, broke the $42.00 resistance and traded towards the $45.00 resistance area.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/02\/Litecoin_Price_Chart-4.png\"><img decoding=\"async\" class=\"alignnone size-large wp-image-34765\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/02\/Litecoin_Price_Chart-4-1024x486.png\" alt=\"Litecoin Price Analysis LTC Chart\" width=\"1024\" height=\"486\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/02\/Litecoin_Price_Chart-4-1024x486.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/02\/Litecoin_Price_Chart-4-300x142.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/02\/Litecoin_Price_Chart-4.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 tested the $45.00 resistance and later corrected lower. The price dipped towards the $42.00 support and the 100 hourly simple moving average. Buyers remained in action above the $42.00 support and the price climbed higher again.<\/p>\n<p>There were a couple of attempts to break the $45.00 resistance, but buyers failed. The recent swing high was formed at $44.50 and the price is currently correcting lower. It declined below the 23.6% Fib retracement level of the recent wave from the $42.03 low to $44.50 high.<\/p>\n<p>However, there are many supports on the downside near the $42.00 level. More importantly, there is a major bullish trend line in place with support at $42.80 on the hourly chart.<\/p>\n<p>Above the trend line, the 50% Fib retracement level of the recent wave from the $42.03 low to $44.50 high is at $43.20 to act as a support. Therefore, dips from the current levels remain supported near $43.00, $42.80 and $42.40.<\/p>\n<p>Once the current correction wave is complete, litecoin price could make another attempt to surpass the $44.50 and $45.00 resistance levels. A successful close above $45.00 will most likely trigger solid bullish moves in LTC price above the $46.00 and $48.00 resistance levels. The main resistance for buyers could be $50.00, where sellers are likely to emerge.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is facing a strong resistance near the $45.00 area against the US dollar. LTC remains well supported and it could soon break the $45.00 and $48.00 resistances. Key Talking Points Litecoin price rallied this past week and settled above the $42.00 support (Data feed of Kraken) against the US Dollar. There is a major bullish trend line in place with support at $42.80 on the hourly chart. LTC price could dip a few points, but it may soon [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":34765,"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\/34764"}],"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=34764"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/34764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/34765"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=34764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=34764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=34764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}