{"id":5767,"date":"2017-12-21T10:57:21","date_gmt":"2017-12-21T10:57:21","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=5767"},"modified":"2017-12-22T11:20:26","modified_gmt":"2017-12-22T11:20:26","slug":"litecoin-price-analysis-ltc-usd-facing-important-resistance","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-facing-important-resistance\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Facing Important Resistance"},"content":{"rendered":"<p><em>Litecoin price declined recently toward $285 against the US Dollar. LTC\/USD is currently recovering, but it is facing a major resistance near $325-330.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price is moving higher from the $285 low (Data feed of Kraken) against the US Dollar, but it is facing an uphill task.<\/li>\n<li>There is a bearish trend line forming with resistance at $330 on the hourly chart of LTC\/USD.<\/li>\n<li>The pair may face sellers near the $325 resistance and the 100 hourly simple moving average.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>Yesterday, we saw the start of a downside correction from $368 in litecoin price against the US Dollar. The LTC\/USD pair moved below the $300 support and even closed below the 100 hourly simple moving average.<\/p>\n<p>A low was formed at $285.02 from where the price started moving higher. It has moved above the 23.6% Fib retracement level of the last decline from the $368 high to $285 low. However, there are many resistances on the way up such as $325 and $330.<\/p>\n<figure id=\"attachment_5768\" aria-describedby=\"caption-attachment-5768\" style=\"width: 1824px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21.png\"><img decoding=\"async\" class=\"wp-image-5768 size-full\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21.png\" alt=\"Litecoin Price Chart\" width=\"1824\" height=\"931\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21.png 1824w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21-770x393.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21-1536x784.png 1536w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21-293x150.png 293w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21-300x153.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-21-1024x523.png 1024w\" sizes=\"(max-width: 1824px) 100vw, 1824px\" \/><\/a><figcaption id=\"caption-attachment-5768\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/markets\/cryptocurrencies\/\" rel=\"nofollow noopener\" target=\"_blank\">Cryptocurrency charts and prices provided<\/a> by TradingView<\/figcaption><\/figure>\n<p>The $325 level is a pivot zone and it is also around the 100 hourly SMA. Moreover, the 50% Fib retracement level of the last decline from the $368 high to $285 low is at $326.<\/p>\n<p>More importantly, there is a major bearish trend line forming with resistance at $330 on the hourly chart of LTC\/USD. It seems like the pair might continue to move higher, but it will most likely struggle around the $325 and $330 resistance levels.<\/p>\n<p>Both the mentioned levels are significant along the 100 hourly SMA for uptrend resumption above $340. A successful close above $330 and $340 could push the price back in the bullish path toward the $360 and $380 levels.<\/p>\n<p>On the downside, the $300 level holds the key for litecoin price. If sellers push the price below $300, there is a chance of LTC\/USD moving back toward $280. The hourly RSI is signaling positive signs above $310, but it points lack of momentum.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price declined recently toward $285 against the US Dollar. LTC\/USD is currently recovering, but it is facing a major resistance near $325-330. Key Talking Points Litecoin price is moving higher from the $285 low (Data feed of Kraken) against the US Dollar, but it is facing an uphill task. There is a bearish trend line forming with resistance at $330 on the hourly chart of LTC\/USD. The pair may face sellers near the $325 resistance and the 100 hourly [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5768,"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\/5767"}],"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=5767"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/5768"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=5767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=5767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=5767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}