{"id":12935,"date":"2022-11-29T06:57:17","date_gmt":"2022-11-29T10:57:17","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=12935"},"modified":"2022-11-29T06:57:17","modified_gmt":"2022-11-29T10:57:17","slug":"litecoin-price-prediction-why-ltc-could-hit-100-and-outperform-bitcoin","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/29\/litecoin-price-prediction-why-ltc-could-hit-100-and-outperform-bitcoin\/","title":{"rendered":"Litecoin Price Prediction: Why LTC Could Hit $100 and Outperform Bitcoin"},"content":{"rendered":"

Litecoin price started a steady increase above the $65 resistance against the US Dollar. LTC is currently rising and might rally further towards the $100 level.<\/em><\/p>\n

Litecoin started a strong increase above the $55 and $65 levels against the US Dollar.
\nThe price is now trading above $65 and the 100 simple moving average (4-hours).
\nThere is a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).
\nThe price must clear the $77.50 and $84 to rise towards the $100 resistance zone.<\/p>\n

Litecoin Price Outperforms Bitcoin<\/h2>\n

In the past few days, litecoin price saw a decent increase above the $50 level against the US Dollar. LTC price rallied over 20% and outperformed both bitcoin<\/a> and ethereum<\/a>.<\/p>\n

There was a move above the $65 and $75 resistance levels. The price even surpassed $80 and settled above the 100 simple moving average (4-hours). It traded as high as $83.35 before there was a downside correction. There was a move below the $80 and $75 support levels.<\/p>\n

The price declined below the 23.6% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. However, litecoin price is now trading above $65 and the 100 simple moving average (4-hours).<\/p>\n

It stayed above the 50% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. On the upside, an immediate resistance is near the $77.50 level.<\/p>\n

<\/a><\/p>\n

Source: LTCUSD on TradingView.com<\/a><\/p>\n

There is also a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC\/USD pair. If there is a clear break above the $77.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $85 and $90 levels. Any more gains might send ltc price towards the $100 resistance zone.<\/p>\n

Dips Limited in LTC?<\/h2>\n

If Litecoin price fails to clear the $77.50 resistance level, there could be another pullback. An initial support on the downside is near the $71.20 level.<\/p>\n

The first major support is forming near the $68 level. Any further losses may perhaps send the price towards the $55 support in the coming sessions.<\/p>\n

Technical indicators:<\/p>\n

4-hours MACD \u2013 The MACD is slowly moving into the bullish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $71.20 followed by $68.00.<\/p>\n

Major Resistance Levels \u2013 $77.50 and $85.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Litecoin price started a steady increase above the $65 resistance against the US Dollar. LTC is currently rising and might rally further towards the $100 level.<\/em><\/p>\n

Litecoin started a strong increase above the $55 and $65 levels against the US Dollar.
\nThe price is now trading above $65 and the 100 simple moving average (4-hours).
\nThere is a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).
\nThe price must clear the $77.50 and $84 to rise towards the $100 resistance zone.<\/p>\n

Litecoin Price Outperforms Bitcoin<\/h2>\n

In the past few days, litecoin price saw a decent increase above the $50 level against the US Dollar. LTC price rallied over 20% and outperformed both bitcoin<\/a> and ethereum<\/a>.<\/p>\n

There was a move above the $65 and $75 resistance levels. The price even surpassed $80 and settled above the 100 simple moving average (4-hours). It traded as high as $83.35 before there was a downside correction. There was a move below the $80 and $75 support levels.<\/p>\n

The price declined below the 23.6% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. However, litecoin price is now trading above $65 and the 100 simple moving average (4-hours).<\/p>\n

It stayed above the 50% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. On the upside, an immediate resistance is near the $77.50 level.<\/p>\n

<\/a><\/p>\n

Source: LTCUSD on TradingView.com<\/a><\/p>\n

There is also a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC\/USD pair. If there is a clear break above the $77.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $85 and $90 levels. Any more gains might send ltc price towards the $100 resistance zone.<\/p>\n

Dips Limited in LTC?<\/h2>\n

If Litecoin price fails to clear the $77.50 resistance level, there could be another pullback. An initial support on the downside is near the $71.20 level.<\/p>\n

The first major support is forming near the $68 level. Any further losses may perhaps send the price towards the $55 support in the coming sessions.<\/p>\n

Technical indicators:<\/p>\n

4-hours MACD \u2013 The MACD is slowly moving into the bullish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $71.20 followed by $68.00.<\/p>\n

Major Resistance Levels \u2013 $77.50 and $85.00.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-12935","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=12935"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12935\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=12935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=12935"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=12935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}