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{"id":449676,"date":"2020-11-13T07:48:05","date_gmt":"2020-11-13T07:48:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=449676"},"modified":"2024-06-11T14:08:20","modified_gmt":"2024-06-11T14:08:20","slug":"litecoin-prints-bullish-breakout-65","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin\/litecoin-prints-bullish-breakout-65\/","title":{"rendered":"Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65"},"content":{"rendered":"

Litecoin price is gaining momentum above $62.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin), and it could even break the $65.00 resistance in the near term.<\/em><\/p>\n

\n
Litecoin formed a strong support base near $57.00 and started a fresh increase against the US Dollar.<\/li>\n
The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours).<\/li>\n
There was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).<\/li>\n
The price is likely to continue higher above the $64.00 and $65.00 resistance levels.<\/li>\n<\/ul>\n
Litecoin Price Starts Fresh Increase<\/h2>\n
This week, bitcoin price<\/a> gained pace above the $15,500 and $16,000 resistance level, sparking positive moves in altcoins. Litecoin performed really well, and it started a decent upward move after forming a support base near the $57.00 level.<\/p>\n
LTC price broke the $58.50 and $60.00 resistance levels to move into a positive zone. There was a break above the 50% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low.<\/p>\n
Moreover, there was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair. Litecoin price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours)<\/a>.<\/p>\n
$\"Litecoin$ <\/a><\/p>\n
Source: LTCUSD on TradingView.com<\/a><\/pre>\n
An immediate resistance is near the $63.00 level or the 76.4% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low. The first major resistance is near the $64.00 level.<\/p>\n
The main resistance is near the $65.00 level. A successful break and close above the $65.00 resistance may perhaps open the doors for a decent increase towards the $70.00 resistance.<\/p>\n
Dips Likely Limited in LTC<\/h2>\n
If litecoin fails to continue above the $63.00 resistance or the $65.00 zone, there are chances of a downside correction. On the downside, the first major support is near the $60.00 region (the recent breakout zone).<\/p>\n
The main support is now forming near the $57.00 level and the 100 simple moving average (4-hours), below which the price could test $55.00.<\/p>\n
Technical indicators:<\/p>\n
4-hours MACD \u2013 The MACD is now gaining momentum in the bullish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently rising and it is well above the 50 level.<\/p>\n
Major Support Levels \u2013 $60.00 followed by $57.00.<\/p>\n
Major Resistance Levels \u2013 $63.00 and $65.00.<\/p>\n","protected":false},"excerpt":{"rendered":"
Litecoin price is gaining momentum above $62.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin), and it could even break the $65.00 resistance in the near term. Litecoin formed a strong support base near $57.00 and started a fresh increase against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken). The price is likely to continue higher above the $64.00 and $65.00 resistance levels. Litecoin Price Starts Fresh Increase This week, bitcoin price gained pace above the $15,500 and $16,000 resistance level, sparking positive moves in altcoins. Litecoin performed really well, and it started a decent upward move after forming a support base near the $57.00 level. LTC price broke the $58.50 and $60.00 resistance levels to move into a positive zone. There was a break above the 50% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low. Moreover, there was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair. Litecoin price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). Source: LTCUSD on TradingView.com An immediate resistance is near the $63.00 level or the 76.4% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low. The first major resistance is near the $64.00 level. The main resistance is near the $65.00 level. A successful break and close above the $65.00 resistance may perhaps open the doors for a decent increase towards the $70.00 resistance. Dips Likely Limited in LTC If litecoin fails to continue above the $63.00 resistance or the $65.00 zone, there are chances of a downside correction. On the downside, the first major support is near the $60.00 region (the recent breakout zone). The main support is now forming near the $57.00 level and the 100 simple moving average (4-hours), below which the price could test $55.00. Technical indicators: 4-hours MACD \u2013 The MACD is now gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently rising and it is well above the 50 level. Major Support Levels \u2013 $60.00 followed by $57.00. Major Resistance Levels \u2013 $63.00 and $65.00.<\/p>\n","protected":false},"author":67,"featured_media":449678,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,2831,79510],"class_list":["post-449676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-ltcusd","tag-ltcusdt"],"acf":[],"yoast_head":"\nCharted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65<\/title>\n<meta name=\"description\" content=\"Litecoin price is gaining momentum above $62.00. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65","url":"http:\/\/uniquehot.com\/news\/litecoin\/litecoin-prints-bullish-breakout-65\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/litecoin\/litecoin-prints-bullish-breakout-65\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/joshua-earle-87JyMb9ZfU-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/joshua-earle-87JyMb9ZfU-unsplash.jpg?fit=1920%2C1280"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","ltc\/usd","ltcusdt"],"dateCreated":"2020-11-13T07:48:05Z","datePublished":"2020-11-13T07:48:05Z","dateModified":"2024-06-11T14:08:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin\\\/litecoin-prints-bullish-breakout-65\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin\\\/litecoin-prints-bullish-breakout-65\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/joshua-earle-87JyMb9ZfU-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/joshua-earle-87JyMb9ZfU-unsplash.jpg?fit=1920%2C1280\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"ltc\\\/usd\",\"ltcusdt\"],\"dateCreated\":\"2020-11-13T07:48:05Z\",\"datePublished\":\"2020-11-13T07:48:05Z\",\"dateModified\":\"2024-06-11T14:08:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/joshua-earle-87JyMb9ZfU-unsplash.jpg?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/449676"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=449676"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/449676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/449678"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=449676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=449676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=449676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}