Litecoin price is struggling to clear $180 and $185 against the US Dollar, while bitcoin climbed 10%. LTC price must break $180 to kickstart a strong increase in the near term.<\/p>\n
This week, there was another drop in bitcoin, ethereum, ripple, and litecoin against the US Dollar. LTC broke the $155 and $150 support levels. However, it found support near the $145 zone.<\/p>\n
Recently, the price started a decent recovery wave from the $145 swing low. It broke the $155 and $165 resistance levels. There was also a break above the 23.6% Fib retracement level of the key decline from the $198 swing high to $145 low.<\/p>\n
It is now testing the $172 resistance. The 50% Fib retracement level of the key decline from the $198 swing high to $145 low is also acting as a resistance. Besides, it is still trading well below $180 and the 55 simple moving average (4-hours).<\/p>\n
There is also a bearish trend line forming with resistance near $182 on the 4-hours chart of the LTC\/USD pair. A clear upside break above the $180 and $182 levels is must for a sustained upward move in the near term. The next major resistance is near the $200 level.<\/p>\n
An initial support on the downside is near the $165 level. The next major support could be near the $150 zone. Any more losses might call for a drop towards the $130 level.<\/p>\n
Litecoin (LTC) Price<\/p>\n
Looking at the chart, litecoin price is still struggling below $180 and the 55 simple moving average (4-hours). Overall, the price could fail to clear the $180 resistance and start a fresh decline in the near term.<\/p>\n
4 hours MACD The MACD for LTC\/USD is slowly gaining pace in the bullish zone.<\/p>\n
4 hours RSI (Relative Strength Index) The RSI for LTC\/USD is now back above the 50 level.<\/p>\n
Key Support Levels $155 and $150.<\/p>\n
Key Resistance Levels $180 and $200.<\/p>\n
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Litecoin (LTC) Price Analysis: Facing Uphill Task Near $180 - Live Bitcoin News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin price is struggling to clear $180 and $185 against the US Dollar, while bitcoin climbed 10%. LTC price must break $180 to kickstart a strong increase in the near term. This week, there was another drop in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Continue reading