{"id":6412,"date":"2018-01-25T08:31:10","date_gmt":"2018-01-25T08:31:10","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=6412"},"modified":"2018-01-25T08:31:43","modified_gmt":"2018-01-25T08:31:43","slug":"litecoin-price-analysis-ltc-usd-extending-recovery","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-extending-recovery\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Extending Recovery"},"content":{"rendered":"<p><em>Litecoin price is slowly moving higher and is currently above $180 against the US Dollar. LTC\/USD is likely to continue moving higher towards the $200 level.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price is slowly recovering and is placed above the $165 and $180 supports (Data feed of Kraken) against the US Dollar.<\/li>\n<li>Yesterday\u2019s highlighted short-term ascending channel with current support at $180 is intact on the hourly chart of LTC\/USD pair.<\/li>\n<li>The pair is likely to grind higher and test the $200 and $220 resistance levels in the near term.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>There was a decent bullish price forming above the $180 support in litecoin price against the US dollar. The LTC\/USD pair is following a positive bias and it could continue to remain supported on the downside above $180 and $165.<\/p>\n<figure id=\"attachment_6413\" aria-describedby=\"caption-attachment-6413\" style=\"width: 1824px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-40.png\"><img decoding=\"async\" class=\"wp-image-6413 size-full\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-40.png\" alt=\"Litecoin Price Analysis\" width=\"1824\" height=\"931\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-40.png 1824w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-40-300x153.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-40-1024x523.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/01\/Litecoin_Price_Chart-40-770x393.png 770w\" sizes=\"(max-width: 1824px) 100vw, 1824px\" \/><\/a><figcaption id=\"caption-attachment-6413\" 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 last low was around $165 and since then the price has moved higher in 5-waves. It traded above the $180 resistance and the 23.6% Fib retracement level of the last crucial decline from the $216 high to $165 low.<\/p>\n<p>However, the 100 hourly simple moving average is acting as a major hurdle and prevented gains on many occasions near $188 and $184. At the moment, the 38.2% Fib retracement level of the last crucial decline from the $216 high to $165 low is acting as a resistance and stopping further upsides.<\/p>\n<p>More importantly, yesterday\u2019s highlighted short-term ascending channel with current support at $180 is intact on the hourly chart of LTC\/USD pair. The pair may continue to follow the channel, but it has to break the $188-190 resistance and settle above the 100 hourly SMA to gain traction.<\/p>\n<p>The current price action is positive as long as litecoin is trading above the channel support at $180. Should there be a break below $180, the price may retest the last swing low of $165.<\/p>\n<p>On the upside, a break above the channel resistance at $190-192 could open the doors for a test of $200. Above $200, LTC\/USD may test the last swing high of $216.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is slowly moving higher and is currently above $180 against the US Dollar. LTC\/USD is likely to continue moving higher towards the $200 level. Key Talking Points Litecoin price is slowly recovering and is placed above the $165 and $180 supports (Data feed of Kraken) against the US Dollar. Yesterday\u2019s highlighted short-term ascending channel with current support at $180 is intact on the hourly chart of LTC\/USD pair. The pair is likely to grind higher and test the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6413,"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\/6412"}],"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=6412"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/6412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/6413"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=6412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=6412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=6412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}