{"id":6256,"date":"2018-01-17T10:07:38","date_gmt":"2018-01-17T10:07:38","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=6256"},"modified":"2018-01-17T10:07:38","modified_gmt":"2018-01-17T10:07:38","slug":"litecoin-price-analysis-ltc-usd-slides-toward-150","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-slides-toward-150\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Slides Toward $150"},"content":{"rendered":"<p><em>Litecoin price declined further and moved below the $175 support against the US Dollar. LTC\/USD tested the $150 level and it currently in a bearish zone.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price is struggling to recover after an hourly close below the $200 support (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There are two bearish trend lines forming with current resistance at $188 on the hourly chart of LTC\/USD pair.<\/li>\n<li>There are two important resistances forming near $200 and $220 on the upside.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>There were further declines noted in litecoin price as it failed to hold the $200-220 support area against the US dollar. The LTC\/USD pair fell below the $175 low as well, and traded toward the $150 level. A new monthly low was formed at $151.22 and the price is currently placed in bearish zone below the 100 hourly simple moving average.<\/p>\n<p>A minor correction is underway from the $151.22 low. It has moved above the 23.6% Fib retracement level of the last decline from the $247 high to $151 low.<\/p>\n<figure id=\"attachment_6257\" aria-describedby=\"caption-attachment-6257\" style=\"width: 1824px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-35.png\"><img decoding=\"async\" class=\"wp-image-6257 size-full\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-35.png\" alt=\"Litecoin Price Analysis: LTC\/USD Slides Toward $150\" width=\"1824\" height=\"931\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-35.png 1824w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-35-300x153.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-35-1024x523.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-35-770x393.png 770w\" sizes=\"(max-width: 1824px) 100vw, 1824px\" \/><\/a><figcaption id=\"caption-attachment-6257\" 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>However, there are many resistances on the upside near the $190, $200 and $220 level. An initial barrier is around are two bearish trend lines forming with current resistance at $188 on the hourly chart.<\/p>\n<p>Above the trend lines, the 50% Fib retracement level of the last decline from the $247 high to $151 low is at $199.58 to act as the next major hurdle for buyers. However, the most important resistance is at $220.<\/p>\n<p>The stated $220 level was a support earlier and now it could stop upsides in litecoin price. Only a successful close above the $220 resistance and the 100 hourly simple moving average may possibly negate the current bearish structure.<\/p>\n<p>On the downside, an initial support is around the $160 level, followed by the $150 swing low. Should there be further declines below $150, the price will most likely accelerate losses toward $120.<\/p>\n<p>The overall bias is bearish and buyers should be careful chasing the market as long as LTC\/USD is below $220.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price declined further and moved below the $175 support against the US Dollar. LTC\/USD tested the $150 level and it currently in a bearish zone. Key Talking Points Litecoin price is struggling to recover after an hourly close below the $200 support (Data feed of Kraken) against the US Dollar. There are two bearish trend lines forming with current resistance at $188 on the hourly chart of LTC\/USD pair. There are two important resistances forming near $200 and $220 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6257,"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\/6256"}],"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=6256"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/6256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/6257"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=6256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=6256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=6256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}