{"id":7387,"date":"2018-03-08T06:27:48","date_gmt":"2018-03-08T06:27:48","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=7387"},"modified":"2018-03-08T10:34:34","modified_gmt":"2018-03-08T10:34:34","slug":"litecoin-price-analysis-ltc-usd-settled-below-200","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-settled-below-200\/","title":{"rendered":"Litecoin Price Analysis: LTC\/USD Settled Below $200"},"content":{"rendered":"<p><em>Litecoin price extended declines and traded towards $175 against the US Dollar. LTC\/USD is now well below the $200 level and placed in the bearish zone.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Litecoin price did not correct higher and extended losses towards the $175 level (Data feed of Kraken) against the US Dollar.<\/li>\n<li>Yesterday\u2019s highlighted key bearish trend line with current resistance at $188 is intact on the hourly chart of the LTC\/USD pair.<\/li>\n<li>The pair may continue to decline and it may retest the $175 support in the near term.<\/li>\n<\/ul>\n<h2>Litecoin Price Forecast<\/h2>\n<p>The past few sessions were mostly bearish below $210 in litecoin price against the US dollar. The LTC\/USD pair did not correct higher, <a href=\"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-decline\/\" target=\"_blank\" rel=\"noopener\">declined further and settled<\/a> below a major pivot level at $200.<\/p>\n<p>The recent decline was substantial as the price even traded below the $180 support. A low was formed at $174.04 from where an upside correction was initiated. The price corrected above the 50% Fib retracement level of the last decline from the $195.41 high to $174.04 low.<\/p>\n<figure id=\"attachment_7388\" aria-describedby=\"caption-attachment-7388\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-5.png\"><img decoding=\"async\" class=\"wp-image-7388 size-large\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-5-1024x520.png\" alt=\"Litecoin Price Analysis\" width=\"1024\" height=\"520\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-5-1024x520.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-5-300x152.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-5-770x391.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Litecoin_Price_Chart-5.png 1822w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption id=\"caption-attachment-7388\" 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, the upside move was capped by the $188-190 resistance zone. The stated $190 level was a support earlier and now it is preventing gains. Moreover, there was a failure to break the 61.8% Fib retracement level of the last decline from the $195.41 high to $174.04 low.<\/p>\n<p>It seems like the price has settled below the $190 and $200 level and it remains at a risk of more declines. More importantly, yesterday\u2019s highlighted key bearish trend line with current resistance at $188 is intact on the hourly chart of the LTC\/USD pair.<\/p>\n<p>Therefore, any major correction from the current levels is likely to be capped by the $185 and $190 levels. In the short term, the price may resume its downtrend and it could even retest the $175 level.<\/p>\n<p>Below the mentioned $175 level, there is a possibility of LTC\/USD moving back towards the $150 level. The overall bias is negative and it seems like the price may extend declines as long as it is below $200.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price extended declines and traded towards $175 against the US Dollar. LTC\/USD is now well below the $200 level and placed in the bearish zone. Key Talking Points Litecoin price did not correct higher and extended losses towards the $175 level (Data feed of Kraken) against the US Dollar. Yesterday\u2019s highlighted key bearish trend line with current resistance at $188 is intact on the hourly chart of the LTC\/USD pair. The pair may continue to decline and it may [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":7388,"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\/7387"}],"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=7387"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/7387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/7388"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=7387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=7387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=7387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}