{"id":245052,"date":"2019-12-26T10:57:58","date_gmt":"2019-12-26T15:57:58","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=245052"},"modified":"2019-12-26T10:57:58","modified_gmt":"2019-12-26T15:57:58","slug":"litecoin-price-prediction-ltc-usd-may-drop-to-35-if-the-rsi-14-breaks-below-40","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-may-drop-to-35-if-the-rsi-14-breaks-below-40","title":{"rendered":"Litecoin Price Prediction: LTC\/USD May Drop to $35 If the RSI (14) Breaks Below 40"},"content":{"rendered":"
LTC Price Prediction \u2013 December 26<\/strong><\/p>\n The LTC\/USD pair is looking for support at $39, where the market is likely to provide a rebound level for the price.<\/p>\n Key Levels:<\/p>\n Resistance levels: $45, $47, $49<\/p>\n Support levels: $35, $33, $31<\/p>\n The rebound of December 22 made LTC\/USD<\/a> to record a weekly high at $42 after relying upon strong support at $40. Since November 18, the price of LTC has been trading below $63 due to the recent bearish surge. For this reason, the market has currently dropped by -0.65%, which may become more severe if we see immense selling pressure.<\/p>\n Looking at the daily chart, we can see that LTC is still sitting at $39. If the price level can hold well, we may see a buyback at $40 resistance before breaking up the channel to $42 and above. But as it stands now, the bulls should make an attempt to step back into the market and move the price to the potential resistance levels of $45, $47 and $49.<\/p>\n Meanwhile, considering the latest price drop, the market is likely to fall at $38 and $37 support levels, moving below these mentioned levels, then we can expect the LTC\/USD market to continue its bearish pressure while the critical support is expected at $35, $33 and $31 levels. The trading volume remains low and the RSI (14) is currently moving below the 40-level, indicating an indecisive movement in the market.<\/p>\n Pairing it with Bitcoin, Litecoin (LTC) is moving on sideways within the descending channel since December 18 and the price is currently trading at 5513 SAT below the 9-day MA. With volume accumulating on the price chart, the price may likely fall to 5300 SAT before reaching the 5200 SAT and 5100 SAT support levels.<\/p>\n However, the RSI (14) indicator seems moving back into the oversold territory, which indicates a downward trend. Moreover, for LTC\/BTC to increase and move towards the resistance levels of 5800 SAT and 5900 SAT, the RSI indicator will need to go above the level-50 to show that the re-occurrence of the bulls back into the market.<\/p>\n Please note:<\/strong> Insidebitcoins.com<\/a> is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"LTC\/USD Market<\/strong><\/h4>\n
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