{"id":171419,"date":"2023-02-23T05:27:13","date_gmt":"2023-02-23T05:27:13","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171419"},"modified":"2023-02-23T05:27:13","modified_gmt":"2023-02-23T05:27:13","slug":"litecoin-ltc-price-analysis-bears-are-active-below-100","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-bears-are-active-below-100\/","title":{"rendered":"Litecoin (LTC) Price Analysis: Bears Are Active Below $100"},"content":{"rendered":"
Litecoin price is struggling below $100 against the US Dollar, similar to bitcoin. LTC price could continue to decline if it stays below the $100 resistance zone.<\/em><\/p>\n In the past few sessions, there was a fresh decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a high near $105.69 and started a fresh decline.<\/p>\n There was a move below the $102 and $100 support levels. The price even declined below the 61.8% Fib retracement level of the upward move from the $88.25 swing low to $105.69 high. It is now trading below $100 and the 55 simple moving average (4-hours).<\/p>\n The price tested the $91.75 support zone. It remained bid above the 76.4% Fib retracement level of the upward move from the $88.25 swing low to $105.69 high.<\/p>\n It is now recovering higher towards the $97 zone. On the upside, the price is facing resistance near the $97.00 zone. There is also a key bearish trend line forming with resistance near $96.90 on the 4-hours chart of the LTC\/USD pair.<\/p>\n The next major resistance sits near the $100 level. The main resistance is near the $105 level. A clear move above the $105 level could pump the price towards the $115 level or even $120. The next major resistance could be $125.<\/p>\n On the downside, an immediate support is near the $94 level. The next key support is near the $91.75 level. If there is a downside break below the $91.75 support, the price could accelerate lower towards the $88 level in the near term.<\/p>\n <\/p>\n Litecoin (LTC) Price<\/p>\n Looking at the chart, litecoin price is clearly trading below $100 and the 55 simple moving average (4-hours). Overall, the price could struggle to clear the $97 and $100 resistance levels in the near term.<\/p>\n 4 hours MACD \u2013 The MACD for LTC\/USD is now 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 $94.00 and $91.75.<\/p>\n Key Resistance Levels \u2013 $100.00 and $105.00.<\/p>\nLitecoin Price Analysis<\/h2>\n
Technical indicators<\/h2>\n