{"id":148110,"date":"2021-12-23T09:27:30","date_gmt":"2021-12-23T09:27:30","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148110"},"modified":"2021-12-23T09:27:30","modified_gmt":"2021-12-23T09:27:30","slug":"litecoin-ltc-price-analysis-break-above-160-could-spark-rally","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-break-above-160-could-spark-rally\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Break above $160 Could Spark Rally"},"content":{"rendered":"

Litecoin price is consolidating below $160 against the US Dollar, similar to bitcoin. LTC price could resume lower if it breaks the $145 support zone.<\/em><\/p>\n

Litecoin Price Analysis<\/h2>\n

This week, there was no major upward move in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC struggled to clear the $165 resistance zone and started a fresh decline.<\/p>\n

There was a break below the $160 and $155 support levels. The price even spiked below the $150 support and the 55 simple moving average (4-hours). A low was formed near the $142 level and the price is now consolidating losses.<\/p>\n

There was a move above the $150 level. Litecoin even traded above $155 and the 55 simple moving average (4-hours). It is now facing resistance near the $160 zone.<\/p>\n

There is also a major bearish trend line forming with resistance near $160 on the 4-hours chart of the LTC\/USD pair. The trend line is close to the 23.6% Fib retracement level of the downward move from the $220 swing high to $141 low.<\/p>\n

A clear move above the $160 level could pump the price. The next key resistance could be $180. It is near the 50% Fib retracement level of the downward move from the $220 swing high to $141 low.<\/p>\n

On the downside, an immediate support is near the $155 level. The first key support is near the $150 level. If there is a downside break the $150 support, the price could visit $142. The next key support is near the $130 level, below which the price could slide towards the $120 level.<\/p>\n

<\/p>\n

Litecoin (LTC) Price<\/p>\n

Looking at the chart, litecoin price is clearly trading above $155 and the 55 simple moving average (4-hours). Overall, the price could start a fresh increase if it breaks the $160 resistance zone.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for LTC\/USD is slowly gaining pace in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is now above the 50 level.<\/p>\n

Key Support Levels \u2013 $150 and $142<\/p>\n

Key Resistance Levels \u2013 $160 and $180.<\/p>\n

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

Litecoin price is consolidating below $160 against<\/p>\n","protected":false},"author":3,"featured_media":148109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLitecoin (LTC) Price Analysis: Break above $160 Could Spark Rally - 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-ltc-price-analysis-break-above-160-could-spark-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin (LTC) Price Analysis: Break above $160 Could Spark Rally - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Litecoin price is consolidating below $160 against\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-break-above-160-could-spark-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-23T09:27:30+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\/12\/Litecoin-LTC-Price-Analysis-Break-above-160-Could-Spark-Rally-.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-ltc-price-analysis-break-above-160-could-spark-rally\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-break-above-160-could-spark-rally\/\",\"name\":\"Litecoin (LTC) Price Analysis: Break above $160 Could Spark Rally - 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