{"id":150755,"date":"2022-01-27T07:53:02","date_gmt":"2022-01-27T07:53:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=150755"},"modified":"2022-01-27T07:53:02","modified_gmt":"2022-01-27T07:53:02","slug":"litecoin-ltc-price-analysis-risk-of-more-downsides-below-100","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-risk-of-more-downsides-below-100\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Risk of More Downsides Below $100"},"content":{"rendered":"

Litecoin price is struggling below $120 against the US Dollar, similar to bitcoin. LTC price could resume lower if it breaks the $100 support zone.<\/em><\/p>\n

Litecoin Price Analysis<\/h2>\n

This week, there was a fresh decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC struggled to clear the $140 resistance zone and started a fresh decline.<\/p>\n

There was a break below the $130 and $120 support levels. The price even settled below $120 and $115. A low was formed near $96.50, and the price recently corrected higher. There was a move above the $100 resistance zone.<\/p>\n

However, the price failed to gain strength above the $110 level. It failed near the 23.6% Fib retracement level of the recent decline from the $153 swing high to $96.51 low.<\/p>\n

The price is now trading below $120 and the 55 simple moving average (4-hours). On the downside, an immediate support is near the $102 level. There is also a key rising channel forming with support near $100 on the 4-hours chart of the LTC\/USD pair.<\/p>\n

The next key support is near the $100 level. If there is a downside break the $100 support, the price could visit $92. The next major support is near the $88 level, below which the price could slide towards the $75 level.<\/p>\n

On the upside, litecoin is facing resistance near the $115 level. The next major resistance for the bulls is near the $125 level. It is near the 50% Fib retracement level of the recent decline from the $153 swing high to $96.51 low. \u00a0A clear move above the $125 level could pump the price. The next key resistance could be $132.<\/p>\n

<\/p>\n

Litecoin Price<\/p>\n

Looking at the chart, litecoin price is clearly trading below $120 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if there is a break below the $100 support.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for LTC\/USD is slowly gaining 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 $102 and $100<\/p>\n

Key Resistance Levels \u2013 $120 and $125.<\/p>\n

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

Litecoin price is struggling below $120 against<\/p>\n","protected":false},"author":3,"featured_media":150754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLitecoin (LTC) Price Analysis: Risk of More Downsides Below $100 - 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-risk-of-more-downsides-below-100\/\" \/>\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: Risk of More Downsides Below $100 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Litecoin price is struggling below $120 against\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-risk-of-more-downsides-below-100\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-27T07:53:02+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\/2022\/01\/Litecoin-LTC-Price-Analysis-Risk-of-More-Downsides-Below-100-.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-risk-of-more-downsides-below-100\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-risk-of-more-downsides-below-100\/\",\"name\":\"Litecoin (LTC) Price Analysis: Risk of More Downsides Below $100 - 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