{"id":40849,"date":"2019-04-29T06:24:57","date_gmt":"2019-04-29T04:24:57","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=40849"},"modified":"2020-02-19T01:30:42","modified_gmt":"2020-02-18T23:30:42","slug":"litecoin-ltc-price-analysis-risk-of-additional-weakness-to-60","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-ltc-price-analysis-risk-of-additional-weakness-to-60\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Risk Of Additional Weakness To $60"},"content":{"rendered":"\n<p><em>Litecoin price is facing a\nstrong resistance near the $72.50 and $75.00 levels against the US Dollar. LTC could\nextend losses towards the $62.00 or $60.00 support before a fresh increase.<\/em><\/p>\n\n\n\n<p><strong>Key Talking Points<\/strong><\/p>\n\n\n\n<ul><li>Litecoin price failed to stay above the $75.40\nsupport and declined recently (Data feed of Kraken) against the US Dollar.<\/li><li>There is a crucial bearish trend line formed with\nresistance near the $72.50 level on the 4-hour chart.<\/li><li>LTC price is likely to dive towards the $62.00\nsupport level as long as it is below $75.40.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Litecoin Price Analysis (LTC)<\/h2>\n\n\n\n<p>This past week, there was a strong decline in bitcoin, <a rel=\"noreferrer noopener\" aria-label=\"Ethereum (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/ethereum-price-eth-remains-in-strong-downtrend-versus-bitcoin-btc\/\" target=\"_blank\">Ethereum<\/a>, <a rel=\"noreferrer noopener\" aria-label=\"EOS (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/eos-price-approaching-next-key-break-versus-usd-btc-and-eth\/\" target=\"_blank\">EOS<\/a>, <a rel=\"noreferrer noopener\" aria-label=\"ripple (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/ripple-xrp-primed-for-more-losses-versus-bitcoin-btc\/\" target=\"_blank\">ripple<\/a>, litecoin and other altcoins against the US dollar. The LTC\/USD pair broke a major support area near the $75.40 level to enter a bearish zone in the near term.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/04\/Litecoin_Price_Chart-8.png\"><img decoding=\"async\" width=\"1024\" height=\"486\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/04\/Litecoin_Price_Chart-8-1024x486.png\" alt=\"Litecoin Price Analysis LTC Chart\" class=\"wp-image-40850\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/04\/Litecoin_Price_Chart-8-1024x486.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/04\/Litecoin_Price_Chart-8-300x142.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/04\/Litecoin_Price_Chart-8.png 1828w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>Looking at the 4-hour <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"nofollow noreferrer noopener\" aria-label=\" (opens in a new tab)\">chart<\/a>, LTC price declined heavily below the $75.40 support and settled below the 100 simple moving average (4-hour). The price even broke the $70.00 support level and traded as low as $67.08.<\/p>\n\n\n\n<p>At the moment, the price is trading with a bearish angle,\nwith an immediate resistance near the $70.00 level and the 23.6% Fib retracement\nlevel of the last drop from the $79.64 high to $67.08 low.<\/p>\n\n\n\n<p>On the upside, there are many decisive resistances near the\n$72.50 and $75.00 levels. There is also a crucial bearish trend line formed with\nresistance near the $72.50 level on the 4-hour chart. Above the trend line, the\nnext resistance is near the $74.00 level.<\/p>\n\n\n\n<p>Besides, the 50% Fib retracement level of the last drop from\nthe $79.64 high to $67.08 low is near the $73.35 level to act as a resistance. The\nmain resistance is near the $75.40 level (the previous support). <\/p>\n\n\n\n<p>A successful close above the $75.40 level and the 100 simple\nmoving average (4-hour) is needed for litecoin price to start a strong upward\nmove. The next major resistances are near $80.00 and $82.50. Conversely, a downside\nextension below the $67.00 level may push the price towards the next major\nsupports near the $62.00 and $60.00 levels in the coming days.<\/p>\n\n\n\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 $72.50 and $75.00 levels against the US Dollar. LTC could extend losses towards the $62.00 or $60.00 support before a fresh increase. Key Talking Points Litecoin price failed to stay above the $75.40 support and declined recently (Data feed of Kraken) against the US Dollar. There is a crucial bearish trend line formed with resistance near the $72.50 level on the 4-hour chart. LTC price is likely to dive towards the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":40850,"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\/40849"}],"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=40849"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/40849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/40850"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=40849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=40849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=40849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}