Thursday, May 15, 2025
No Result
View All Result
Ajoobz
Advertisement
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Ajoobz
No Result
View All Result

LTC Faces Uphill Task Near $70

2 years ago
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E-Mail


Litecoin worth declined closely under $80 and $70 towards the US Greenback. LTC is making an attempt a restoration wave however upsides is perhaps restricted above $70.

Litecoin is correcting losses from the $56 assist zone towards the US Greenback.
The value is now buying and selling under $70 and the 100 easy transferring common (4 hours).
There’s a key bearish development line forming with resistance close to $66.00 on the 4-hour chart of the LTC/USD pair (knowledge feed from Kraken).
The value may recuperate above $66 however the bears may stay lively close to $70.

Litecoin Value Begins Restoration

This previous week, there was a pointy decline in Bitcoin, Ethereum, Litecoin, and different altcoins towards the US Greenback. LTC worth fashioned a prime close to $85 earlier than it began a recent decline.

There was a pointy decline under $80 and $70. The value even declined under $60. It traded as little as $55.78 and lately began an upside correction. There was a minor improve above the $60 resistance stage. The value climbed above the 23.6% Fib retracement stage of the downward transfer from the $85.39 swing excessive to the $55.78 low.

Litecoin is now buying and selling under $70 and the 100 easy transferring common (4 hours). There may be additionally a key bearish development line forming with resistance close to $66.00 on the 4-hour chart of the LTC/USD pair.

On the upside, speedy resistance is close to the $66 zone. The following main resistance is close to the $70 stage. It’s near the 50% Fib retracement stage of the downward transfer from the $85.39 swing excessive to the $55.78 low. If there’s a clear break above the $70 resistance, the worth may begin one other sturdy improve.

Supply: LTCUSD on TradingView.com

Within the acknowledged case, the worth is more likely to proceed greater towards the $75 and $78 ranges. Any extra beneficial properties may ship LTC’s worth towards the $85 resistance zone.

Contemporary Decline in LTC?

If Litecoin worth fails to clear the $70 resistance stage, there might be a recent decline. Preliminary assist on the draw back is close to the $63.50 stage.

The following main assist is forming close to the $60 stage, under which there’s a danger of a transfer towards the $56.00 assist. Any additional losses might maybe ship the worth towards the $52 assist.

Technical indicators:

4-hour MACD – The MACD is now gaining tempo within the bullish zone.

4-hour RSI (Relative Power Index) – The RSI for LTC/USD remains to be under the 50 stage.

Main Assist Ranges – $63.50 adopted by $60.00.

Main Resistance Ranges – $66.00 and $70.00.



Source link

Tags: FacesLTCTaskUphill
Previous Post

Rocket Pool (RPL) Price Prediction 2023 2024 2025

Next Post

🔴 Trump’s Crypto Secret | This Week in Crypto – Aug 21, 2023

Related Posts

XRP Makes Double Rejection – Here’s Where It Might Be heading Next
Analysis

XRP Makes Double Rejection – Here’s Where It Might Be heading Next

4 hours ago
Solana (SOL) Finds Support — Rally May Be Ready to Resume
Analysis

Solana (SOL) Finds Support — Rally May Be Ready to Resume

14 hours ago
MOODENG price drops 14% to alt=
Analysis

MOODENG price drops 14% to $0.2613 after 703% weekly rally

1 day ago
Shiba Inu price rises 24% in 7 days, but short interest hints at reversal risk
Analysis

Shiba Inu price rises 24% in 7 days, but short interest hints at reversal risk

1 day ago
Hashed sends 18.45M SAND tokens to Binance
Analysis

Hashed sends 18.45M SAND tokens to Binance

2 days ago
Pippin, Moo Deng top meme coin charts as BTC hovers near 5K
Analysis

Pippin, Moo Deng top meme coin charts as BTC hovers near $105K

3 days ago
Next Post
🔴 Trump’s Crypto Secret | This Week in Crypto – Aug 21, 2023

🔴 Trump's Crypto Secret | This Week in Crypto – Aug 21, 2023

What is the Impact of ChatGPT on Blockchain and Web3 Space?

What is the Impact of ChatGPT on Blockchain and Web3 Space?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

[ccpw id="587"]
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us
Contact us for business inquiries: cs@ajoobz.com

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In