{"id":5912,"date":"2017-12-28T11:22:39","date_gmt":"2017-12-28T11:22:39","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=5912"},"modified":"2017-12-28T11:22:39","modified_gmt":"2017-12-28T11:22:39","slug":"litecoin-price-analysis-ltc-usd-resume-downsides","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-resume-downsides\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD to Resume Downsides"},"content":{"rendered":"<p><em>Litecoin price recovered nicely but faced sellers near $310 against the US Dollar. LTC\/USD might decline once again towards the $220 and $200 levels.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price made a nice upside move and traded above the $280 resistance before facing sellers (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There are two bearish trend lines forming with current resistance at $280 on the 2-hours chart of LTC\/USD pair.<\/li>\n<li>The pair might decline once again towards the $220 and $200 support levels.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>There was a decent upside move in Litecoin price above the $250 level from the $190 swing low against the US Dollar. The LTC\/USD pair moved above the $300 level, but it failed to gain traction above the stated level.<\/p>\n<p>A high was formed at $310 where the price faced a lot of offers. It started a downside move and declined below the $300 level. It broke the 23.6% Fib retracement level of the last wave from the $190 low to $310 high.<\/p>\n<figure id=\"attachment_5913\" aria-describedby=\"caption-attachment-5913\" style=\"width: 1326px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24.png\"><img decoding=\"async\" class=\"wp-image-5913 size-full\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24.png\" alt=\"Litecoin Price Analysis: LTC\/USD to Resume Downsides\" width=\"1326\" height=\"638\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24.png 1326w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24-770x370.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24-293x141.png 293w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24-300x144.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Litecoin_Price_Chart-24-1024x493.png 1024w\" sizes=\"(max-width: 1326px) 100vw, 1326px\" \/><\/a><figcaption id=\"caption-attachment-5913\" 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>On the upside, there are two bearish trend lines forming with current resistance at $280 on the 2-hours chart of LTC\/USD pair. These trend lines are acting as a strong hurdle for buyers above $280.<\/p>\n<p>The pair might continue to move down towards the $200 support levels. At the moment, the pair is trading near the 50% Fib retracement level of the last wave from the $190 low to $310 high.<\/p>\n<p>If the pair continues to move down, the $220 support area might act as a support. However, the most important support sits at $200. An intermediate support is around the 61.8% Fib retracement level of the last wave from the $190 low to $310 high at $230.<\/p>\n<p>On the upside, a break above the trend lines and resistance at $280 is needed for litecoin price to move back in the bullish zone. Above $280, the price might test the $300 level once again.<\/p>\n<p>The overall short-term trend is bearish with a chance of a test of $200.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price recovered nicely but faced sellers near $310 against the US Dollar. LTC\/USD might decline once again towards the $220 and $200 levels. Key Talking Points Litecoin price made a nice upside move and traded above the $280 resistance before facing sellers (Data feed of Kraken) against the US Dollar. There are two bearish trend lines forming with current resistance at $280 on the 2-hours chart of LTC\/USD pair. The pair might decline once again towards the $220 and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[824],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5912"}],"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=5912"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/5913"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=5912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=5912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=5912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}