{"id":108165,"date":"2021-01-12T13:20:27","date_gmt":"2021-01-12T13:20:27","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108165"},"modified":"2021-01-12T13:20:27","modified_gmt":"2021-01-12T13:20:27","slug":"litecoin-recovery-in-jeopardy-as-bears-breach-more-support-levels","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-recovery-in-jeopardy-as-bears-breach-more-support-levels\/","title":{"rendered":"Litecoin Recovery in Jeopardy as Bears Breach More Support Levels"},"content":{"rendered":"

Litecoin rebounds above $132 as the altcoin resumes upward move. The price is fluctuating between $132 and $147 as buyers fail to take firm control of price upward move. <\/strong><\/p>\n

Today, the coin is trading marginally as the price reaches a high of $143. Yesterday, Litecoin made a sharp decline as bulls struggled to break above the $180 resistance level. <\/p>\n

Surprisingly, the altcoin dropped to $112.75 low and pulled back immediately. The coin is trading above the previous price range of between $120 and $140. However, a further decline will suggest a deeper correction of Litecoin. Nonetheless, if buyers can push LTC above the $170 resistance, a rally above $180 is likely. The coin may be compelled to a range-bound move above $140 if the current uptrend fails.<\/p>\n

Litecoin indicator analysis <\/h2>\n

The crypto upward move is intact as price breaks below the SMAs and resumes upward. However, a break below the SMAs will mean a downward movement of the coin. The coin is at level 51 of the Relative Strength index period 14. It indicates that there is a balance between supply and demand.<\/p>\n

<\/p>\n

Resistance Levels: $160, $180, $200 <\/b><\/p>\n

<\/b><\/p>\n

Support Levels: $100, $80, $60<\/b><\/p>\n

What is the next move for Litecoin? <\/h2>\n

Litecoin is in a downtrend as bulls struggle to resume upward movement. Presently, the coin has fallen to a $143 low. The upward move will resume if the current support holds. A break below the current support will mean a downward move to the Fibonacci extension level.  On the January 11 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. This gives the impression that the coin will fall to level 1.618 Fibonacci extension level or a high of $67.40.<\/p>\n

<\/p>\n

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.<\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Litecoin rebounds above $132 as the altcoin<\/p>\n","protected":false},"author":3,"featured_media":108164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLitecoin Recovery in Jeopardy as Bears Breach More Support Levels - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/litecoin-recovery-in-jeopardy-as-bears-breach-more-support-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin Recovery in Jeopardy as Bears Breach More Support Levels - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Litecoin rebounds above $132 as the altcoin\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/litecoin-recovery-in-jeopardy-as-bears-breach-more-support-levels\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T13:20:27+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafoto1e2b3fd3b16cf603452a895963c55e77.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/litecoin-recovery-in-jeopardy-as-bears-breach-more-support-levels\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/litecoin-recovery-in-jeopardy-as-bears-breach-more-support-levels\/\",\"name\":\"Litecoin Recovery in Jeopardy as Bears Breach More Support Levels - 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