{"id":149478,"date":"2022-01-13T08:08:41","date_gmt":"2022-01-13T08:08:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=149478"},"modified":"2022-01-13T08:08:41","modified_gmt":"2022-01-13T08:08:41","slug":"litecoin-ltc-price-analysis-bullish-above-145","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-bullish-above-145\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Bullish Above $145"},"content":{"rendered":"
Litecoin price is gaining bullish momentum above $130 against the US Dollar, similar to bitcoin. LTC price could resume higher if it breaks the $145 resistance zone.<\/em><\/p>\n This week, there was a fresh increase in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC struggled to clear the $150 resistance zone and started a fresh decline.<\/p>\n There was a break below the $140 and $130 support levels. The price even spiked below the $125 support and the 55 simple moving average (4-hours). A low was formed near the $120 level and the price is now correcting higher.<\/p>\n There was a move above the $130 level. There was a break above the 50% Fib retracement level of the downward move from the $154 swing high to $120 low. Besides, there was a break above a major bearish trend line with resistance near $140 on the 4-hours chart of the LTC\/USD pair.<\/p>\n The pair is now trading above $135 and the 55 simple moving average (4-hours). Litecoin is now facing resistance near the $142 level. The next major resistance for the bulls is near the $145 level.<\/p>\n It is near the 76.4% Fib retracement level of the downward move from the $154 swing high to $120 low. A clear move above the $145 level could pump the price. The next key resistance could be $160. On the downside, an immediate support is near the $135 level.<\/p>\n The first key support is near the $132 level. If there is a downside break the $132 support, the price could visit $120. The next key support is near the $112 level, below which the price could slide towards the $105 level.<\/p>\n <\/p>\n Litecoin (LTC) Price<\/p>\n Looking at the chart, litecoin price is clearly trading above $132 and the 55 simple moving average (4-hours). Overall, the price could continue to move up if there is a break above the $145 barrier.<\/p>\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 $132 and $130<\/p>\n Key Resistance Levels \u2013 $145 and $150.<\/p>\nLitecoin Price Analysis<\/h2>\n
Technical indicators<\/h2>\n