{"id":26133,"date":"2023-06-30T04:52:51","date_gmt":"2023-06-30T08:52:51","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26133"},"modified":"2023-06-30T04:52:51","modified_gmt":"2023-06-30T08:52:51","slug":"litecoin-price-prediction-ltc-rallies-10-as-the-bulls-aim-110","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/30\/litecoin-price-prediction-ltc-rallies-10-as-the-bulls-aim-110\/","title":{"rendered":"Litecoin Price Prediction: LTC Rallies 10% as The Bulls Aim $110"},"content":{"rendered":"

Litecoin price is gaining pace above $90 against the US Dollar. LTC could rally further above $100 and rise toward the $110 resistance.<\/em><\/p>\n

Litecoin is steadily moving higher toward $100 against the US Dollar.
\nThe price is now trading above $90 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could rally further toward the $100 and $110 levels.<\/p>\n

Litecoin Price Regains Strength<\/h2>\n

After forming a base above the $80 level, Litecoin\u2019s price started a fresh increase against the US Dollar. LTC price broke the $85 resistance to start the current rally.<\/p>\n

There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC\/USD pair. The pair rallied over 10% and outperformed both Bitcoin<\/a> and Ethereum<\/a>. It even climbed above the $92 level. A high is formed near $95.85 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high.<\/p>\n

Litecoin is now trading above $90 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $96 zone. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start another strong increase.<\/p>\n\n

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

In the stated case, the price is likely to continue higher toward the $108 and $110 levels. Any more gains might send LTC\u2019s price toward the $120 resistance zone.<\/p>\n

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

If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. Initial support on the downside is near the $92 level.<\/p>\n

The next major support is forming near the $88.50 level or the 50% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high, below which there is a risk of a move toward the $85.00 support. Any further losses may perhaps send the price toward the $82 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 $92.50 followed by $88.50.<\/p>\n

Major Resistance Levels \u2013 $96.00 and $100.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Litecoin price is gaining pace above $90 against the US Dollar. LTC could rally further above $100 and rise toward the $110 resistance.<\/em><\/p>\n

Litecoin is steadily moving higher toward $100 against the US Dollar.
\nThe price is now trading above $90 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken).
\nThe price could rally further toward the $100 and $110 levels.<\/p>\n

Litecoin Price Regains Strength<\/h2>\n

After forming a base above the $80 level, Litecoin\u2019s price started a fresh increase against the US Dollar. LTC price broke the $85 resistance to start the current rally.<\/p>\n

There was a break above a key bearish trend line with resistance near $86.20 on the 4-hour chart of the LTC\/USD pair. The pair rallied over 10% and outperformed both Bitcoin<\/a> and Ethereum<\/a>. It even climbed above the $92 level. A high is formed near $95.85 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high.<\/p>\n

Litecoin is now trading above $90 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $96 zone. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could start another strong increase.<\/p>\n

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

In the stated case, the price is likely to continue higher toward the $108 and $110 levels. Any more gains might send LTC\u2019s price toward the $120 resistance zone.<\/p>\n

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

If Litecoin price fails to clear the $100 resistance level, there could be a downside correction. Initial support on the downside is near the $92 level.<\/p>\n

The next major support is forming near the $88.50 level or the 50% Fib retracement level of the upward move from the $81.70 swing low to the $95.85 high, below which there is a risk of a move toward the $85.00 support. Any further losses may perhaps send the price toward the $82 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 $92.50 followed by $88.50.<\/p>\n

Major Resistance Levels \u2013 $96.00 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-26133","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\/26133","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=26133"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26133\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26133"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}