{"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

Litecoin Price Analysis<\/h2>\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

Technical indicators<\/h2>\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>\n

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

Litecoin price is showing positive signs above<\/p>\n","protected":false},"author":3,"featured_media":171683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLitecoin (LTC) Price Analysis: More Gains Possible Above $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-more-gains-possible-above-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: More Gains Possible Above $100 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Litecoin price is showing positive signs above\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-more-gains-possible-above-100\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T05:26:42+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\/2023\/03\/Litecoin-LTC-Price-Analysis-More-Gains-Possible-Above-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-more-gains-possible-above-100\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/litecoin-ltc-price-analysis-more-gains-possible-above-100\/\",\"name\":\"Litecoin (LTC) Price Analysis: More Gains Possible Above $100 - 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