{"id":17116,"date":"2023-01-30T05:52:41","date_gmt":"2023-01-30T09:52:41","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=17116"},"modified":"2023-01-30T05:52:41","modified_gmt":"2023-01-30T09:52:41","slug":"litecoin-price-prediction-bullish-break-to-120-still-in-sight","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/30\/litecoin-price-prediction-bullish-break-to-120-still-in-sight\/","title":{"rendered":"Litecoin Price Prediction: Bullish Break To $120 Still In Sight"},"content":{"rendered":"

Litecoin price extended its increase above the $90 zone against the US Dollar. LTC is rising and might attempt a fresh rally above the $100 resistance.<\/em><\/p>\n

Litecoin started a fresh increase above the $90 zone against the US Dollar.
\nThe price is now trading above $90 and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $89.50 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could start another rally if there is a clear move above the $100 resistance.<\/p>\n

Litecoin Price Outperforms Bitcoin<\/h2>\n

This past week, litecoin price formed a support base above the $85 level against the US Dollar. LTC price started a steady increase above the $90 resistance zone, outperforming bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The bulls were able to push the price above the $95 resistance. A new yearly high was formed near $97.72 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the $86.98 swing low to $97.72 high.<\/p>\n

Litecoin price is now trading above $90 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $89.50 on the 4-hours chart of the LTC\/USD pair.<\/p>\n

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

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

On the upside, an immediate resistance is near the $97.75 level. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $108 and $115 levels. Any more gains might send ltc price towards the $120 resistance zone.<\/p>\n

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

If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. An initial support on the downside is near the $92.50 level.<\/p>\n

The first major support is forming near the $90 level or the 76.4% Fib retracement level of the recent increase from the $86.98 swing low to $97.72 high or the trend line. Any further losses may perhaps send the price towards the $85 support.<\/p>\n

Technical indicators:<\/p>\n

4-hours MACD \u2013 The MACD is slowly losing pace in the bullish zone.<\/p>\n

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

Major Support Levels \u2013 $92.50 followed by $90.00.<\/p>\n

Major Resistance Levels \u2013 $97.75 and $100.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Litecoin price extended its increase above the $90 zone against the US Dollar. LTC is rising and might attempt a fresh rally above the $100 resistance.<\/em><\/p>\n

Litecoin started a fresh increase above the $90 zone against the US Dollar.
\nThe price is now trading above $90 and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $89.50 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could start another rally if there is a clear move above the $100 resistance.<\/p>\n

Litecoin Price Outperforms Bitcoin<\/h2>\n

This past week, litecoin price formed a support base above the $85 level against the US Dollar. LTC price started a steady increase above the $90 resistance zone, outperforming bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The bulls were able to push the price above the $95 resistance. A new yearly high was formed near $97.72 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the $86.98 swing low to $97.72 high.<\/p>\n

Litecoin price is now trading above $90 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $89.50 on the 4-hours chart of the LTC\/USD pair.<\/p>\n

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

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

On the upside, an immediate resistance is near the $97.75 level. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $108 and $115 levels. Any more gains might send ltc price towards the $120 resistance zone.<\/p>\n

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

If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. An initial support on the downside is near the $92.50 level.<\/p>\n

The first major support is forming near the $90 level or the 76.4% Fib retracement level of the recent increase from the $86.98 swing low to $97.72 high or the trend line. Any further losses may perhaps send the price towards the $85 support.<\/p>\n

Technical indicators:<\/p>\n

4-hours MACD \u2013 The MACD is slowly losing pace in the bullish zone.<\/p>\n

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

Major Support Levels \u2013 $92.50 followed by $90.00.<\/p>\n

Major Resistance Levels \u2013 $97.75 and $100.00.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-17116","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\/17116","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=17116"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/17116\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=17116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=17116"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=17116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}