{"id":282701,"date":"2021-02-05T13:53:17","date_gmt":"2021-02-05T18:53:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=282701"},"modified":"2021-02-05T13:53:17","modified_gmt":"2021-02-05T18:53:17","slug":"ltc-usd-market-51","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ltc-usd-market-51","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Grows 6.79% in a Day; Price Now Nears $160"},"content":{"rendered":"
LTC Price Prediction \u2013 February 5<\/strong><\/p>\n Litecoin (LTC) gains 6.79% in the last 24 hours to touch $156. It may find the next resistance at $160.<\/p>\n Key Levels:<\/p>\n Resistance levels: $180, $190, $200<\/p>\n Support levels: $125, $115, $105<\/p>\n LTC\/USD<\/a> has been exhibiting strength over the last 24 hours but manages to regain some ground amid technical correction from the downward trend where it is traveling from $145 to $156. The coin has recovered from the sharp sell-off of yesterday. More so, the range of the price swings has been between $122 and $156. The overall gain of the day stands at 6.79%.<\/p>\n Moreover, though the current price of Litecoin at $155.14 is above the 9-day moving averages and 21-day moving averages within the descending channel, the recovery seems to have started as the technical indicator RSI (14) faces the north. The Litecoin (LTC) needs to continue its up-trending growth in the coming days to recover properly. As per the current trend, the next resistance level is likely at $180, $190, and $200.<\/p>\n On the downside, a sustainable move below the moving averages could open up the way to a $130 support level and this barrier may likely slow down the bears and then serve as a jumping-off ground for the recovery. Meanwhile, the next support levels to watch for could be $125, $115, and $105.<\/p>\n Against Bitcoin, LTC continues to trend bearishly as the support further outweighs the resistance. In case of a trend reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market.\u00a0 Now, LTC\/USD is trading around the 3700 SAT below the moving averages. We can expect close support at the 3500 SAT and below.<\/p>\n For now, there\u2019s no sign of a bullish trend in the market. However, if a bullish move occurs and validates a break significantly above the upper boundary of the channel to hit the nearest resistance at 4400 SAT; we can then confirm a bull-run for the coin. More so, the closest resistance lies at 4500 SAT and 4700 SAT as the RSI (14) moving above the 45-level.<\/p>\n","protected":false},"excerpt":{"rendered":"LTC\/USD Market<\/strong><\/h4>\n
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What to Expect from Litecoin (LTC)<\/strong><\/h4>\n
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