{"id":171684,"date":"2023-03-02T05:26:42","date_gmt":"2023-03-02T05:26:42","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171684"},"modified":"2023-03-02T05:26:42","modified_gmt":"2023-03-02T05:26:42","slug":"litecoin-ltc-price-analysis-more-gains-possible-above-100","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-more-gains-possible-above-100\/","title":{"rendered":"Litecoin (LTC) Price Analysis: More Gains Possible Above $100"},"content":{"rendered":"
Litecoin price is showing positive signs above $94 against the US Dollar, similar to bitcoin. LTC price could climb further if there is a clear move above $98.<\/em><\/p>\n In the past few sessions, there were mostly range moves in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a base above the $90 level and started a fresh increase.<\/p>\n There was a clear move above the $92 and $94 resistance levels. During the increase, there was a break above a key bearish trend line with resistance at $94 on the 4-hours chart of the LTC\/USD pair. The price even climbed above the $95 level and the 55 simple moving average (4-hours).<\/p>\n It is now trading above $94 and the 55 simple moving average (4-hours). On the upside, the price is facing resistance near the $98 level. It is near the 50% Fib retracement level of the downward move from the $106 swing high to $90 low.<\/p>\n A clear move above the $98 level could push the price towards the $100 level. It is near the 61.8% Fib retracement level of the downward move from the $106 swing high to $90 low.<\/p>\n The next major resistance sits near the $105 level. Any more gains might send the price towards the $112 level. On the downside, an initial support is near the $94 level. The next major support is near the $90 level. If there is a downside break below the $90 support, the price could accelerate lower towards the $85 level in the near term.<\/p>\n <\/p>\n Litecoin (LTC) Price<\/p>\n Looking at the chart, litecoin price is clearly trading above $94 and the 55 simple moving average (4-hours). Overall, the price could gain bullish momentum if it clears the $98 and $100 resistance levels.<\/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 and $90<\/p>\n Key Resistance Levels \u2013 $98 and $100.<\/p>\nLitecoin Price Analysis<\/h2>\n
Technical indicators<\/h2>\n