{"id":111936,"date":"2021-02-09T14:06:48","date_gmt":"2021-02-09T14:06:48","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111936"},"modified":"2021-02-09T14:06:48","modified_gmt":"2021-02-09T14:06:48","slug":"litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/","title":{"rendered":"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend"},"content":{"rendered":"

Litecoin has broken the previous price range as LTC rallied above the resistance at $160. The breakout was short-lived as the price got stuck below $175 high.<\/strong><\/p>\n

The recent high has to be broken for the continuity of the uptrend. In the previous price action, the recent high was broken as the market reached a high of $175. For the past week, buyers and sellers were in price tussles between $140 and $160. <\/p>\n

The bulls have the upper hand as the price broke the $160 resistance. Litecoin is trading at $168 at the time of writing. The cryptocurrency is expected to rally to a $200 high if buyers push the price above the $175 resistance. Further bullish momentum is likely on the upside. Conversely, if the price turns down from the $175 resistance, the bears might want to sink the altcoin below the $160 support. The market will fall to the previous price range.<\/p>\n

Litecoin indicator analysis <\/h2>\n

In today\u2019s candlestick, the price action is indicating a long wick. It indicates that there is strong selling pressure at the $180 resistance zone. LTC is below the 80% range of the daily stochastic. The market was earlier in an overbought condition. The cryptocurrency is in a downward move. The market is at level 62 of the RSI indicating that there is not enough room for price to rally on the upside.<\/p>\n

<\/p>\n

Technical indicators:   <\/h3>\n

Major Resistance Levels \u2013 $180 and $200<\/p>\n

Major Support Levels \u2013 $160 and $140<\/p>\n

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

Litecoin bulls fail to push on the upside as the market resumes a downward move. On February 9, uptrend; a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the coin will rise to level 2.0 Fibonacci extension level or a low of $165.51. The price action has already confirmed this level as the market is likely to move up.  <\/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 has broken the previous price range<\/p>\n","protected":false},"author":3,"featured_media":111935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLitecoin Retraces at $174 Resistance, Poises for Fresh Uptrend - 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-retraces-at-174-resistance-poises-for-fresh-uptrend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Litecoin has broken the previous price range\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-09T14:06:48+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\/02\/ccryptafoto081800e13e31c05b6986d4ace894aa57.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-retraces-at-174-resistance-poises-for-fresh-uptrend\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/\",\"name\":\"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-09T14:06:48+00:00\",\"dateModified\":\"2021-02-09T14:06:48+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/","og_locale":"en_US","og_type":"article","og_title":"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend - Pre Coin News","og_description":"Litecoin has broken the previous price range","og_url":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-09T14:06:48+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/ccryptafoto081800e13e31c05b6986d4ace894aa57.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/","url":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/","name":"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-09T14:06:48+00:00","dateModified":"2021-02-09T14:06:48+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/litecoin-retraces-at-174-resistance-poises-for-fresh-uptrend\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Litecoin Retraces at $174 Resistance, Poises for Fresh Uptrend"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/111936"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=111936"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/111936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/111935"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=111936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=111936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=111936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}