{"id":24475,"date":"2023-05-23T05:53:24","date_gmt":"2023-05-23T09:53:24","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=24475"},"modified":"2023-05-23T05:53:24","modified_gmt":"2023-05-23T09:53:24","slug":"litecoin-price-prediction-ltc-could-surge-10-if-it-clears-this-resistance","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/23\/litecoin-price-prediction-ltc-could-surge-10-if-it-clears-this-resistance\/","title":{"rendered":"Litecoin Price Prediction: LTC Could Surge 10% If It Clears This Resistance"},"content":{"rendered":"

Litecoin price is attempting an upside break above $93 against the US Dollar. LTC could rally if it clears the $93 and $95 resistance levels.<\/em><\/p>\n

Litecoin is slowly moving higher toward $95 against the US Dollar.
\nThe price is now trading above $90 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with resistance near $92.50 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could rally toward the $100 and $105 levels.<\/p>\n

Litecoin Price Eyes Upside Break<\/h2>\n

After a steady increase, Litecoin\u2019s price struggled near the $95 resistance against the US Dollar. LTC price started a downside correction and traded below the $92 level.<\/p>\n

The price tested the 23.6% Fib retracement level of the upward move from the $5.26 swing low to the $95.00 high. However, the bulls seem to be protecting a downside break, unlike Bitcoin<\/a> and Ethereum<\/a>. Litecoin is now consolidating above the $90 level.<\/p>\n

It is trading above $90 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $92.50 on the 4-hour chart of the LTC\/USD pair.<\/p>\n\n

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

On the upside, immediate resistance is near the $93 zone. The next major resistance is near the $95 level. If there is a clear break above the $95 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $100 and $105 levels. Any more gains might send LTC\u2019s price toward the $112 resistance zone.<\/p>\n

Fresh Decline in LTC?<\/h2>\n

If Litecoin price fails to clear the $95 resistance level, there could be a fresh decline. Initial support on the downside is near the $91 level and the triangle lower trend line.<\/p>\n

The next major support is forming near the $85 level or the 50% Fib retracement level of the upward move from the $5.26 swing low to the $95.00 high, below which there is a risk of a move toward the $80 support. Any further losses may perhaps send the price toward the $75 support.<\/p>\n

Technical indicators:<\/p>\n

4-hour MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

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

Major Support Levels \u2013 $91.00 followed by $85.00.<\/p>\n

Major Resistance Levels \u2013 $93.00 and $95.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Litecoin price is attempting an upside break above $93 against the US Dollar. LTC could rally if it clears the $93 and $95 resistance levels.<\/em><\/p>\n

Litecoin is slowly moving higher toward $95 against the US Dollar.
\nThe price is now trading above $90 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with resistance near $92.50 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could rally toward the $100 and $105 levels.<\/p>\n

Litecoin Price Eyes Upside Break<\/h2>\n

After a steady increase, Litecoin\u2019s price struggled near the $95 resistance against the US Dollar. LTC price started a downside correction and traded below the $92 level.<\/p>\n

The price tested the 23.6% Fib retracement level of the upward move from the $5.26 swing low to the $95.00 high. However, the bulls seem to be protecting a downside break, unlike Bitcoin<\/a> and Ethereum<\/a>. Litecoin is now consolidating above the $90 level.<\/p>\n

It is trading above $90 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $92.50 on the 4-hour chart of the LTC\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $93 zone. The next major resistance is near the $95 level. If there is a clear break above the $95 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $100 and $105 levels. Any more gains might send LTC\u2019s price toward the $112 resistance zone.<\/p>\n

Fresh Decline in LTC?<\/h2>\n

If Litecoin price fails to clear the $95 resistance level, there could be a fresh decline. Initial support on the downside is near the $91 level and the triangle lower trend line.<\/p>\n

The next major support is forming near the $85 level or the 50% Fib retracement level of the upward move from the $5.26 swing low to the $95.00 high, below which there is a risk of a move toward the $80 support. Any further losses may perhaps send the price toward the $75 support.<\/p>\n

Technical indicators:<\/p>\n

4-hour MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

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

Major Support Levels \u2013 $91.00 followed by $85.00.<\/p>\n

Major Resistance Levels \u2013 $93.00 and $95.00.<\/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-24475","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\/24475","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=24475"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/24475\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=24475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=24475"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=24475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}