{"id":262445,"date":"2020-06-01T17:04:07","date_gmt":"2020-06-01T21:04:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=262445"},"modified":"2021-09-17T05:33:20","modified_gmt":"2021-09-17T09:33:20","slug":"litecoin-price-prediction-ltc-usd-bulls-regroup-to-rebound-as-market-reaches-the-high-of-47","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-bulls-regroup-to-rebound-as-market-reaches-the-high-of-47","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47"},"content":{"rendered":"\r\n

Litecoin (LTC) Price Prediction \u2013 June 01<\/strong>
Since April 30, LTC\/USD<\/a> pair has been on a downtrend soon after LTC reached the overbought region of the market. The selling pressure pushed the coin to the low of $42. In the last 48 hours, Litecoin rebounded twice, broke the downtrend line, and closed above it. Similarly, LTC\/BTC is in a descending channel. In the other chart, the bulls are on the verge of breaking the downtrend line which is also called the resistance line.

LTC\/USD Market<\/strong>

Key Levels:<\/strong>
Resistance Levels: $80, $100, $120
Support Levels: $50, $40, $20<\/p>\r\n

\"\"<\/a>
LTC\/USD – Daily Chart<\/figcaption><\/figure>\r\n

Litecoin uptrend was made possible after the bulls break the downtrend line. On May 26, the bulls rebounded at the low of $42 to break the downtrend line. Technically, when price breaks the\u00a0 line and closes above it, it indicates that the trend has changed. Nonetheless, price rebounded again above the downtrend line to reach the $48 resistance.<\/p>\r\n

There was a bearish reaction as the price drops to $45 low. Today, the market is making an upward correction as it reaches a high of $47. On the upside, if the market rebounds again above $47, the breakout will propel price to break the resistance of $48 and $50. The momentum will rally to $60 high. Litecoin is in the uptrend zone at level 57 of the Relative Strength Index period 14.<\/p>\r\n

\"\"<\/a>
LTC\/BTC – Daily Chart<\/figcaption><\/figure>\r\n

The LTC\/BTC chart is also on a downtrend. The crypto has fallen from the high of \u02430.0080000 to the low of \u02430.0045000. Recently, the bulls have been attempting to break above the resistance line but to no avail. On the upside, if the bulls succeed in breaking the resistance line, the LTC\/BTC will be out of the bear market. Meanwhile, the crypto is above 75 % range of the stochastic, indicating that the coin is in a bullish momentum.


Please note:<\/strong> Insidebitcoins.com<\/em><\/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>\r\n

\u00a0<\/strong><\/p>\r\n","protected":false},"excerpt":{"rendered":"

Litecoin (LTC) Price Prediction \u2013 June 01Since April 30, LTC\/USD pair has been on a downtrend soon after LTC reached the overbought region of the […]<\/a><\/div>","protected":false},"author":1742,"featured_media":262455,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[10033,7834,8009],"acf":[],"yoast_head":"\nLitecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"LTC\/USD pair has been on a downtrend soon after Litecoin (LTC) reached the overbought region of the market.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\" \/>\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 Bulls Regroup to Rebound as Market Reaches the High of $47\" \/>\n<meta property=\"og:description\" content=\"LTC\/USD pair has been on a downtrend soon after Litecoin (LTC) reached the overbought region of the market.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-01T21:04:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-17T09:33:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/06\/LTCUSD-Insidebitcoin.png\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"608\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\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\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47\",\"datePublished\":\"2020-06-01T21:04:07+00:00\",\"dateModified\":\"2021-09-17T09:33:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\"},\"wordCount\":358,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"LTC\/BTC\",\"LTC\/USD\",\"Price Prediction\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\",\"name\":\"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47 - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2020-06-01T21:04:07+00:00\",\"dateModified\":\"2021-09-17T09:33:20+00:00\",\"description\":\"LTC\/USD pair has been on a downtrend soon after Litecoin (LTC) reached the overbought region of the market.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\",\"name\":\"Azeez Mustapha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg\",\"caption\":\"Azeez Mustapha\"},\"description\":\"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/\",\"https:\/\/twitter.com\/ItuGlobal\"],\"url\":\"https:\/\/insidebitcoins.com\/news\/author\/azeezmustaph\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47 - InsideBitcoins.com","description":"LTC\/USD pair has been on a downtrend soon after Litecoin (LTC) reached the overbought region of the market.","robots":{"max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445","og_locale":"en_US","og_type":"article","og_title":"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47","og_description":"LTC\/USD pair has been on a downtrend soon after Litecoin (LTC) reached the overbought region of the market.","og_site_name":"InsideBitcoins.com","article_published_time":"2020-06-01T21:04:07+00:00","article_modified_time":"2021-09-17T09:33:20+00:00","og_image":[{"width":987,"height":608,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/06\/LTCUSD-Insidebitcoin.png","type":"image\/png"}],"author":"Azeez Mustapha","twitter_card":"summary_large_image","twitter_creator":"@ItuGlobal","twitter_misc":{"Written by":"Azeez Mustapha","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445"},"author":{"name":"Azeez Mustapha","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8"},"headline":"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47","datePublished":"2020-06-01T21:04:07+00:00","dateModified":"2021-09-17T09:33:20+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445"},"wordCount":358,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["LTC\/BTC","LTC\/USD","Price Prediction"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445","name":"Litecoin Price Prediction: LTC\/USD Bulls Regroup to Rebound as Market Reaches the High of $47 - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2020-06-01T21:04:07+00:00","dateModified":"2021-09-17T09:33:20+00:00","description":"LTC\/USD pair has been on a downtrend soon after Litecoin (LTC) reached the overbought region of the market.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8","name":"Azeez Mustapha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/368a1c3ea65da09a1128621f280ad865?s=96&d=mm&r=pg","caption":"Azeez Mustapha"},"description":"Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies, and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.","sameAs":["https:\/\/www.linkedin.com\/in\/azeez-mustapha-0825565b\/","https:\/\/twitter.com\/ItuGlobal"],"url":"https:\/\/insidebitcoins.com\/news\/author\/azeezmustaph"}]}},"modified_by":"lone","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1742"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=262445"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/262445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/262455"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=262445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=262445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=262445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}