{"id":285111,"date":"2021-03-12T06:45:08","date_gmt":"2021-03-12T11:45:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=285111"},"modified":"2021-08-06T09:06:43","modified_gmt":"2021-08-06T13:06:43","slug":"litecoin-price-prediction-ltc-usd-has-been-rallying-from-a-recent-downward-retracement-price-move","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-usd-has-been-rallying-from-a-recent-downward-retracement-price-move","title":{"rendered":"Litecoin Price Prediction: LTC\/USD Has Been Rallying from a Recent Downward Retracement Move"},"content":{"rendered":"\r\n

LTC Price Prediction \u2013 March 12<\/strong><\/em>
Recently, LTC\/USD witnessed a sharp decline having slightly reached past a market peak of the $120 mark on February 20. The crypto has now been on a light recovery-move from a low of $160 to trade around $210 as at the time of writing.

LTC\/USD Market<\/strong>
Key Levels:<\/strong>
Resistance levels: $240, $260, $280
Support levels: $160, $140, $120

LTCUSD \u2013 Daily Chart<\/strong>
From the technical point of viewing, the ETH\/USD has been safely finding support around the 14-day SMA trend-line mostly while a visible drop occurs in the crypto-economy. That for a reason has made the ETH\/USD market keep its bullish trend outlook intact. The 14-day SMA indicator is located above the 50-day SMA with a small space separating them apart. And, they are placed below the present market trading spot. The Stochastic Oscillators are now into the overbought region and, they appear to begin a consolidation move within it.
\"\"<\/a>
What could be the LTC\/USD market’s next price action?<\/strong><\/em>
It is much more expected of LTC\/USD<\/a> market to push northward further beyond the $240 resistance level while bulls hold strong during a consolidation move that is bound to happen in the crypto-trade in no time. If that assumption is achieved, the price may encounter a pit stop around the $280 resistance line which may afterward give birth to seeing some higher lows for a while.

Talking about a downward move, bears will have to be on the lookout for a daily bearish candlestick engulfing about four or five past trading candlesticks formed before a decent sell position can be considered. Meanwhile, that has to be the trading period when an upward move has exhausted its energy. A re-occurrence of the correctional move may occur at the key resistance level of $240 while price lessens action for a long time at a touch of it.
\"\"<\/a>
LTC\/BTC Price Analysis<\/strong>
There now looks as if the base-crypto is on the set of getting out of the pressures exerted on it by the counter-crypto for a couple of trading days\u2019 sessions. Litecoin is seen pushing harder from an intense dump slightly below its usual base-line. A bullish candlestick is on forming closer from below the 14-day SMA trend-line. The 50-day SMA indicator is located over the smaller SMA. The Stochastic Oscillators now attempt closing the hairs at range 40 to signal a return of an upward move. That suggests that very soon the base-crypto will regain the market momentum.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

LTC Price Prediction \u2013 March 12Recently, LTC\/USD witnessed a sharp decline having slightly reached past a market peak of the $120 mark on February 20. 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