{"id":7222,"date":"2018-03-01T08:22:05","date_gmt":"2018-03-01T08:22:05","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=7222"},"modified":"2018-03-01T15:09:53","modified_gmt":"2018-03-01T15:09:53","slug":"litecoin-price-analysis-ltc-usd-extends-decline","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-extends-decline\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Extends Its Decline"},"content":{"rendered":"<p><em>Litecoin price failed to recover and declined below $215 against the US Dollar. LTC\/USD tested the $200 support level and it remains at a risk of more losses.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price declined further and traded below a major support at $215 (Data feed of Kraken) against the US Dollar.<\/li>\n<li>There is a new connecting bearish trend line forming with resistance at $216 on the hourly chart of the LTC\/USD pair.<\/li>\n<li>The pair is likely remain in a bearish zone with resistances on the upside near $215 and $225.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>Yesterday, we discussed how litecoin price was at a risk of more declines below $215 against the US dollar. The LTC\/USD pair wave not able to move above the $225 resistance, which resulted in a downside move.<\/p>\n<p>The price declined and traded below the $215 and $210 support levels to move into a bearish zone. It traded close to the $200 level and formed a low at $200.71. At the moment, the pair is correcting higher and moved above $205.<\/p>\n<figure id=\"attachment_7223\" aria-describedby=\"caption-attachment-7223\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart.png\"><img decoding=\"async\" class=\"wp-image-7223 size-large\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-1024x520.png\" alt=\"Litecoin Price Analysis\" width=\"1024\" height=\"520\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-1024x520.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-300x152.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-770x391.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart.png 1822w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption id=\"caption-attachment-7223\" 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>It has traded above the 23.6% Fib retracement level of the last decline from the $224 high to $200 low. However, the most important resistance is near $215. The mentioned $215 level was a support earlier, and now it is likely to prevent gains.<\/p>\n<p>Moreover, there is also a new connecting bearish trend line forming with resistance at $216 on the hourly chart of the LTC\/USD pair. Below the trend line resistance, the 50% Fib retracement level of the last decline from the $224 high to $200 low is at $212.<\/p>\n<p>Therefore, there are many resistances on the upside starting with $212 up to $216. A break above the $216 resistance may perhaps push the price towards the $225 resistance.<\/p>\n<p>On the downside, the recent low near $200 is a major support. If the price fails to stay above the $200 level, there can be more declines, and LTC\/USD could even test the $180 level.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price failed to recover and declined below $215 against the US Dollar. LTC\/USD tested the $200 support level and it remains at a risk of more losses. Key Talking Points Litecoin price declined further and traded below a major support at $215 (Data feed of Kraken) against the US Dollar. There is a new connecting bearish trend line forming with resistance at $216 on the hourly chart of the LTC\/USD pair. The pair is likely remain in a bearish [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":7223,"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\/7222"}],"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=7222"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/7222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/7223"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=7222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=7222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=7222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}