{"id":148563,"date":"2021-12-30T08:07:22","date_gmt":"2021-12-30T08:07:22","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148563"},"modified":"2021-12-30T08:07:22","modified_gmt":"2021-12-30T08:07:22","slug":"litecoin-ltc-price-analysis-bears-in-control-below-150","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-bears-in-control-below-150\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Bears In Control Below $150"},"content":{"rendered":"
Litecoin price is consolidating above $140 against the US Dollar, similar to bitcoin. LTC price could resume lower if it breaks the $140 support zone.<\/em><\/p>\n This week, there was a fresh decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC struggled to clear the $162 resistance zone and started a fresh decline.<\/p>\n There was a break below the $155 and $150 support levels. The price even spiked below the $145 support and the 55 simple moving average (4-hours). Besides, there was a break below a key bullish trend line with support near $156 on the 4-hours chart of the LTC\/USD pair.<\/p>\n A low was formed near the $143 level and the price is now consolidating losses. There was a move above the $145 level. Litecoin is now facing resistance near the $148 level. It is near the 23.6% Fib retracement level of the downward move from the $162 swing high to $143 low.<\/p>\n The next major resistance for the bulls is near the $152 level. It is near the 50% Fib retracement level of the downward move from the $162 swing high to $143 low.<\/p>\n A clear move above the $152 level could pump the price. The next key resistance could be $162. On the downside, an immediate support is near the $142 level. The first key support is near the $140 level. If there is a downside break the $140 support, the price could visit $135. The next key support is near the $120 level, below which the price could slide towards the $110 level.<\/p>\n <\/p>\n Litecoin (LTC) Price<\/p>\n Looking at the chart, litecoin price is clearly trading below $150 and the 55 simple moving average (4-hours). Overall, the price could start a fresh increase if it stays above the $140 support zone.<\/p>\n 4 hours MACD \u2013 The MACD for LTC\/USD is slowly losing pace in the bearish zone.<\/p>\n 4 hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is now below the 50 level.<\/p>\n Key Support Levels \u2013 $142 and $140<\/p>\n Key Resistance Levels \u2013 $148 and $150.<\/p>\nLitecoin Price Analysis<\/h2>\n
Technical indicators<\/h2>\n