{"id":548159,"date":"2023-08-21T04:51:16","date_gmt":"2023-08-21T04:51:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=548159"},"modified":"2024-06-11T07:45:39","modified_gmt":"2024-06-11T07:45:39","slug":"litecoin-price-prediction-ltc-resistance-70","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin\/litecoin-price-prediction-ltc-resistance-70\/","title":{"rendered":"Litecoin Price Prediction: LTC Faces Uphill Task Near $70"},"content":{"rendered":"<p><em>Litecoin price declined heavily below $80 and $70 against the US Dollar. LTC is attempting a recovery wave but upsides might be limited above $70.<\/em><\/p>\n<ul>\n<li>Litecoin is correcting losses from the $56 support zone against the US Dollar.<\/li>\n<li>The price is now trading below $70 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price could recover above $66 but the bears might remain active near $70.<\/li>\n<\/ul>\n<h2>Litecoin Price Starts Recovery<\/h2>\n<p>This past week, there was a sharp decline in <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-consolidates-losses-25k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>, <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-correction-1600\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $85 before it started a fresh decline.<\/p>\n<p>There was a sharp decline below $80 and $70. The price even declined below $60. It traded as low as $55.78 and recently started an upside correction. There was a minor increase above the $60 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low.<\/p>\n<p>Litecoin is now trading below $70 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC\/USD pair.<\/p>\n<p>On the upside, immediate resistance is near the $66 zone. The next major resistance is near the $70 level. It is close to the 50% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. If there is a clear break above the $70 resistance, the price could start another strong increase.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-548160\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?resize=1024%2C468\" alt=\"Litecoin Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Litecoin.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LTCUSD on TradingView.com<\/a><\/p>\n<p>In the stated case, the price is likely to continue higher toward the $75 and $78 levels. Any more gains might send LTC\u2019s price toward the $85 resistance zone.<\/p>\n<h2>Fresh Decline in LTC?<\/h2>\n<p>If Litecoin price fails to clear the $70 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.50 level.<\/p>\n<p>The next major support is forming near the $60 level, below which there is a risk of a move toward the $56.00 support. Any further losses may perhaps send the price toward the $52 support.<\/p>\n<p>Technical indicators:<\/p>\n<p>4-hour MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is still below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $63.50 followed by $60.00.<\/p>\n<p>Major Resistance Levels \u2013 $66.00 and $70.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price declined heavily below $80 and $70 against the US Dollar. LTC is attempting a recovery wave but upsides might be limited above $70. Litecoin is correcting losses from the $56 support zone against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken). The price could recover above $66 but the bears might remain active near $70. Litecoin Price Starts Recovery This past week, there was a sharp decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $85 before it started a fresh decline. There was a sharp decline below $80 and $70. The price even declined below $60. It traded as low as $55.78 and recently started an upside correction. There was a minor increase above the $60 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. Litecoin is now trading below $70 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC\/USD pair. On the upside, immediate resistance is near the $66 zone. The next major resistance is near the $70 level. It is close to the 50% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. If there is a clear break above the $70 resistance, the price could start another strong increase. Source: LTCUSD on TradingView.com In the stated case, the price is likely to continue higher toward the $75 and $78 levels. Any more gains might send LTC\u2019s price toward the $85 resistance zone. Fresh Decline in LTC? If Litecoin price fails to clear the $70 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.50 level. The next major support is forming near the $60 level, below which there is a risk of a move toward the $56.00 support. Any further losses may perhaps send the price toward the $52 support. Technical indicators: 4-hour MACD \u2013 The MACD is now gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is still below the 50 level. Major Support Levels \u2013 $63.50 followed by $60.00. Major Resistance Levels \u2013 $66.00 and $70.00.<\/p>\n","protected":false},"author":67,"featured_media":405574,"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":[10,2828,2829,2831,79510],"class_list":["post-548159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-ltc","tag-ltc-price","tag-ltcusd","tag-ltcusdt"],"acf":[],"yoast_head":"\n<title>Litecoin Price Prediction: LTC Faces Uphill Task Near $70<\/title>\n<meta name=\"description\" content=\"Litecoin price declined heavily below $80 and $70 against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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":"Litecoin Price Prediction: LTC Faces Uphill Task Near $70","url":"http:\/\/uniquehot.com\/news\/litecoin\/litecoin-price-prediction-ltc-resistance-70\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/litecoin\/litecoin-price-prediction-ltc-resistance-70\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Litecoin-price-ltcanalysis.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Litecoin-price-ltcanalysis.jpg?fit=1000%2C667"},"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","ltc price","ltc\/usd","ltcusdt"],"dateCreated":"2023-08-21T04:51:16Z","datePublished":"2023-08-21T04:51:16Z","dateModified":"2024-06-11T07:45:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin Price Prediction: LTC Faces Uphill Task Near $70\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin\\\/litecoin-price-prediction-ltc-resistance-70\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin\\\/litecoin-price-prediction-ltc-resistance-70\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/Litecoin-price-ltcanalysis.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/Litecoin-price-ltcanalysis.jpg?fit=1000%2C667\"},\"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\",\"ltc price\",\"ltc\\\/usd\",\"ltcusdt\"],\"dateCreated\":\"2023-08-21T04:51:16Z\",\"datePublished\":\"2023-08-21T04:51:16Z\",\"dateModified\":\"2024-06-11T07:45:39Z\"}<\/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\/2019\/11\/Litecoin-price-ltcanalysis.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/548159","targetHints":{"allow":["GET"]}}],"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=548159"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/548159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/405574"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=548159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=548159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=548159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}