Litecoin price started a steady increase above the $65 resistance against the US Dollar. LTC is currently rising and might rally further towards the $100 level.
- Litecoin started a strong increase above the $55 and $65 levels against the US Dollar.
- די פּרייַז איז איצט טריידינג העכער $ 65 און די 100 פּשוט מאָווינג דורכשניטלעך (4 שעה).
- אויף די 77.50-שעה טשאַרט פון די LTC / וסד פּאָר (דאַטן פיטער פון Kraken) איז פאָרמינג אַ שליסל בעריש גאַנג שורה מיט קעגנשטעל לעבן $ 4.
- The price must clear the $77.50 and $84 to rise towards the $100 resistance zone.
Litecoin Price Outperforms Bitcoin
In the past few days, litecoin price saw a decent increase above the $50 level against the US Dollar. LTC price rallied over 20% and outperformed both ביטקאָין און עטהערעום.
There was a move above the $65 and $75 resistance levels. The price even surpassed $80 and settled above the 100 simple moving average (4-hours). It traded as high as $83.35 before there was a downside correction. There was a move below the $80 and $75 support levels.
The price declined below the 23.6% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. However, litecoin price is now trading above $65 and the 100 simple moving average (4-hours).
It stayed above the 50% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. On the upside, an immediate resistance is near the $77.50 level.
מקור: LTCUSD אויף TradingView.com
There is also a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC/USD pair. If there is a clear break above the $77.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $85 and $90 levels. Any more gains might send ltc price towards the $100 resistance zone.
Dips Limited in LTC?
If Litecoin price fails to clear the $77.50 resistance level, there could be another pullback. An initial support on the downside is near the $71.20 level.
דער ערשטער הויפּט שטיצן איז פאָרמירונג לעבן די $ 68 מדרגה. קיין ווייַטער לאָססעס קען טאָמער שיקן די פּרייַז צו די שטיצן פון $ 55 אין די קומענדיק סעשאַנז.
טעכניש ינדאַקייטערז:
4-hours MACD – The MACD is slowly moving into the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently above the 50 level.
הויפּט שטיצן לעוועלס - $ 71.20 נאכגעגאנגען דורך $ 68.00.
הויפּט קעגנשטעל לעוועלס - $ 77.50 און $ 85.00.
Source: https://newsbtc.com/analysis/ltc/litecoin-price-prediction-100-target/