{"id":281278,"date":"2021-01-18T03:58:37","date_gmt":"2021-01-18T08:58:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=281278"},"modified":"2021-09-14T11:10:30","modified_gmt":"2021-09-14T15:10:30","slug":"litecoin-price-prediction-ltc-usd-market-witnesses-a-significant-downturn-averaging-a-low-below-120","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-market-witnesses-a-significant-downturn-averaging-a-low-below-120","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Market Witnesses a Significant Downturn Averaging a Low Below $120"},"content":{"rendered":"\r\n
Litecoin (LTC) Price Prediction \u2013 January 18<\/strong><\/em>
There is a significant drop in the valuation of LTC as traded against the US Dollar\u2019s value on January 11 trading sessions.
LT\/USD Market<\/strong>
Key Levels:<\/strong>
Resistance Levels: $180, $200, $220
Support Levels: $100, $80, $60
LTC\/USD \u2013 Daily Chart<\/strong>
A long bearish candlestick emerged on January 11, leading to now seeing the 14-day SMA trend-line getting curved a bit above the present price trading region around the $140 mark. The 50-day SMA trend-line is underneath the smaller SMA indicator with a notable space between them. The Stochastic Oscillators are now seen seemingly attempting to begin a consolidation moving mode near range 40. That said, it shows that the crypto-trade may soon start to witness a line of sideway-price moves around the $140 value in near sessions.
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Where is LTC Price Going Next?<\/strong>
As the $140 price line, tends to possibly soon witnessing differential shorter-low and shorter-highs around it. It would be technically ideal for traders to be on the lookout for a decent price formation pattern before considering joining the market again. However, the LTC\/USD market<\/a> may be building-up from a support at $120 line. A violent downward-break could see the market recording other low value between $100 and $80 points.
A resistance price mark at $180 has set up a barrier in the furtherance of any future bullish attempting moves that the crypto-market may witness in no time as of now. In other words, selling entries may potentially come to play while bulls\u2019 driving-forces possess weak momentum. In the meantime, a southward breach of the 50-day SMA trading indicator at $140 will suggest a decent sell-confirmation signal.
<\/a>
LTCBTC Price Analysis<\/strong>
Comparing the trade-worth between LTC and BTC, on January 11, the 50-day SMA trend-line was intercepted from the top by the 14-day SMA to showcase that the base crypto\u2019s value is to some extent under a selling force. As the interception has just come afresh, a rebound rarely looks possible for the base-instrument to stage a come-back in the near time. The Stochastic Oscillators appear to commence a consolidation move around range 20. That suggests that the counter crypto is tightly holding weights in the trading operations.<\/p>\r\n","protected":false},"excerpt":{"rendered":"