{"id":256557,"date":"2020-04-04T12:00:04","date_gmt":"2020-04-04T16:00:04","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=256557"},"modified":"2020-04-04T12:01:51","modified_gmt":"2020-04-04T16:01:51","slug":"litecoin-price-prediction-ltc-usd-facing-the-ultimate-make-or-break-test-at-42","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-facing-the-ultimate-make-or-break-test-at-42","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Facing the Ultimate Make or Break Test at $42"},"content":{"rendered":"

LTC Price Prediction \u2013 April 4<\/strong><\/p>\n

LTC\/USD is currently facing the ultimate breakout dilemma; would the breakout rally to $50 or a breakdown to $30?<\/p>\n

LTC\/USD Market<\/h4>\n

Key Levels:<\/p>\n

Resistance levels: $50, $52, $54<\/p>\n

Support levels: $30, $28, $26<\/p>\n

\"\"<\/a>
LTCUSD – Daily Chart<\/figcaption><\/figure>\n

LTC\/USD<\/a> has mainly underperformed since recovery was staged from the lows posted a few weeks ago. While the price crash has been devastating for traders, the LTC\/USD recovery has not occurred compared to other major cryptocurrencies in the market. On the other hand, Litecoin only succeeded in testing the resistance at $43 without much success.<\/p>\n

Meanwhile, at the time of writing, LTC\/USD is trading at $40.37 where the intraday bullish action may close in this range but may likely test the resistance level of $41 before the end of trading today. The price is also moving above the 9-day and 21-day MAs whose breakout could be the stepping stone for LTC rally above $50. However, the lack of a breakout above $45 could also result in another breakdown below the support towards $30 level.<\/p>\n

In this case, it is now up to the bulls to decide which direction the price would take; will it be towards $50 or a return to $30? But the RSI (14) is seen moving horizontally around 45-level. This clearly shows that at present, selling pressure is equivalent to buying pressure.<\/p>\n

Consequently, sideways action could possibly occupy a center stage in the form of consolidation. The resistance levels to watch are $50, $52 and $54 while the support levels lie at $30, $28 and $26 respectively.<\/p>\n

Against BTC, the Litecoin price continues to follow the downtrend. For a trend reversal, there\u2019s a need for an increase in volume to cause an upsurge in the market. \u00a0Now, the coin is trading below the 9-day and 21-day moving average. We can expect close support at the 5700 SAT before breaking to 5550 SAT and critically 5350 SAT.<\/p>\n

\"\"<\/a>
LTCBTC – Daily Chart<\/figcaption><\/figure>\n

More so, there\u2019s no sign of bullish move for the Litecoin market. However, if a bullish move occurs and validates a break significantly above the 9-day and 21-day MAs and hits the nearest resistance at 6200 SAT; we can then confirm a bull-run for the LTC\/BTC pair. For now, the closest resistance lies at 6450 SAT and 6550 SAT.<\/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 Price Prediction \u2013 April 4 LTC\/USD is currently facing the ultimate breakout dilemma; would the breakout rally to $50 or a breakdown to $30? […]<\/a><\/div>","protected":false},"author":1742,"featured_media":256558,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5382,5483,8120,7992],"class_list":["post-256557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-litecoin","tag-ltc","tag-ltcusd","tag-technical-analysis"],"acf":[],"yoast_head":"\nLitecoin Price Prediction: LTC\/USD Facing the Ultimate Make or Break Test at $42<\/title>\n<meta name=\"description\" content=\"LTC\/USD is currently facing the ultimate breakout dilemma; would the breakout rally to $50 or a breakdown to $30?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/256557\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin Price Prediction: LTC\/USD Facing the Ultimate Make or Break Test at $42\" \/>\n<meta property=\"og:description\" content=\"LTC\/USD is currently facing the ultimate breakout dilemma; 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