{"id":167298,"date":"2022-11-24T17:34:24","date_gmt":"2022-11-24T17:34:24","guid":{"rendered":"https:\/\/precoinnews.com\/?p=167298"},"modified":"2022-11-24T17:34:24","modified_gmt":"2022-11-24T17:34:24","slug":"litecoin-ltc-price-analysis-dips-turn-attractive-above-60","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-dips-turn-attractive-above-60\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Dips Turn Attractive Above $60"},"content":{"rendered":"
Litecoin price is rising steadily above $65 against the US Dollar, similar to bitcoin. LTC price could continue to move up if it remains well bid above the $65 level.<\/em><\/p>\n In the past few sessions, there was a decent recovery in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a base above the $60 level and started a fresh increase.<\/p>\n There was a clear move above the $65 and $70 resistance levels. The price even climbed above the $75 level and the 55 simple moving average (4-hours). However, the bears were active near the $85 zone. A high was formed near $83.43 and the price is now correcting gains.<\/p>\n There was a move below the $80 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $59.11 swing low to $83.43 high.<\/p>\n On the downside, an immediate support is near the $74 level. The next key support is near the $68 level. There is also a key bullish trend line forming with support near $68 on the 4-hours chart of the LTC\/USD pair. It is near the 50% Fib retracement level of the upward move from the $59.11 swing low to $83.43 high.<\/p>\n If there is a downside break below the $68 support, the price could accelerate lower towards the $65 level in the near term.<\/p>\n On the upside, the price is facing resistance near the $80 and $82 levels. A clear move above the $82 level could pump the price towards the $90 level. The next major resistance sits near the $100 level.<\/p>\n <\/p>\n Litecoin (LTC) Price<\/p>\n Looking at the chart, litecoin price is clearly trading above $65 and the 55 simple moving average (4-hours). Overall, the price could correct lower but dips might be limited below the $60 level.<\/p>\n 4 hours MACD \u2013 The MACD for LTC\/USD is now losing 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 $74 and $68<\/p>\n Key Resistance Levels \u2013 $82 and $90.<\/p>\nLitecoin Price Analysis<\/h2>\n
Technical indicators<\/h2>\n