Litecoin (LTC) Upward Move Stalls at the $175 Resistance,May Resume Uptrend

Updated:

Key Highlights
Litecoin is facing rejection at the $175 overhead resistance
The altcoin targets the $200 high

Litecoin (LTC) Current Statistics
The current price: $169.41
Market Capitalization: $14,235,876,250
Trading Volume: $2,756,422,622
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis October 5, 2021
Since September 29, Litecoin’s (LTC) has been trending as price breaks above the 21-day SMA. The uptrend is stalled between the two moving averages. The market is likely to trend if price breaks the moving averages. For instance, a break above the 50-day SMA will compel the altcoin to rally to $200. Similarly, if the bears break below the 21-day SMA, the altcoin will resume downward correction. In the meantime, Litecoin is fluctuating below the $175 resistance. Since October 2, the bulls are finding penetration difficult at the recent high.

Litecoin (LTC) Upward Move Stalls at the $175 Resistance May Resume Uptrend
LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 53 of the Relative Strength Index period 14. The altcoin is still in the uptrend zone and may resume an upward move. If price breaks the current resistance or the bullish momentum is sustain above the 50-day SMA, it will signal the resumption of the uptrend. The altcoin is above 78% area of the daily stochastic. It indicates that the altcoin is in a bullish momentum.

Litecoin (LTC) Upward Move Stalls at the $175 Resistance May Resume Uptrend
LTC/USD – 4 Hour Chart

Conclusion
On the 4 –hour chart, Litecoin has resumed an uptrend but the upward move is facing resistance. The uptrend will continue when the resistance is breached. Meanwhile, on October 2 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This gives the impression that the crypto will rise to level 1.618 Fibonacci extension level or level $191.63.

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Litecoin (LTC) Loses $155 Support as It Resumes Selling Pressure

Updated:

Key Highlights
Litecoin resumes selling pressure
Litecoin may decline to level $105

Litcoin ( LTC) Current Statistics
The current price: $144.75
Market Capitalization: $12,148,276,676
Trading Volume: $2,717,020,563
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis September 28, 2021
Litecoin’s (LTC) price has continued its downward move as it fell to the low of $146. The bears have succeeded in breaking the previous low at $155 as the altcoin resumed its downward move. The moving averages have indicated a sell signal as the 21-day SMA crosses below the 50-day SMA. LTC price is presently retesting the historical price level of July and June. If the bears break the $146 price level the downward move will continue.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin has fallen to level 37 of the Relative Strength Index period 14. It indicates that the LTC price is in the downtrend zone and below the centerline 50. The market is approaching the oversold region. LTC price is below the 20% range of the daily stochastic. The crypto’s price has fallen to the oversold region of the market. As buyers emerge in the oversold region, Litecoin will resume its upward move.

Conclusion
LTC/USD has resumed a downward move as price breaks below the previous low at $155. The altcoin was earlier repelled at the $165 high. Meanwhile, on September 7 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that LTC price will fall to the low of level 1.618 Fibonacci extension or level $105.55.

LTC/USD – 4 Hour Chart

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Litecoin (LTC) Breaks Current Support, May Decline to Level $0.70 Low

Updated:

Key Highlights
Litecoin in a downward move, breaks level $1.00
Litecoin breaks sideways move, drops to level $0.92

Litcoin ( LTC) Current Statistics
The current price: $159.06
Market Capitalization: $13,288,565,694
Trading Volume: $2,637,102,581
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis September 21, 2021
Litecoin’s (LTC) price broke below the moving as price fell to the low of $153. The support is holding as buyers attempt to resume upward. The current support is retesting the previous low of September 7. The downtrend will resume if the current support is breached. Meanwhile, on September 7 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that LTC price will fall to the low of level 1.618 Fibonacci extension or level $107.57.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 39 of the Relative Strength Index period 14. It indicates that the LTC price is in the downtrend zone and below the centerline 50. It is also approaching the oversold region. LTC price is above the 25% range of the daily stochastic. It is in a bullish momentum. The stochastic band is sloping horizontally indicating the sideways trend.


Conclusion
Litecoin fell to the support above the previous low at $155. The crypto is now is consolidating above the current support. The further downward move will depend on price breaking the current support. The Fibonacci tool has indicated a further downward movement of the coin. Meanwhile, on September 7 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that LTC price will fall to the low of level 1.618 Fibonacci extension or level $109.03.

LTC/USD – 4 Hour Chart

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Litecoin ( LTC) Trades Between $168 and $192, May Resume Upward

Updated:

Key Highlights
LTC/USD is in a vertical rally, faces rejection at level $240
Litecoin fluctuates between levels $168 and 192

Litcoin ( LTC) Current Statistics
The current price: $184.72
Market Capitalization: $15,533,495,257
Trading Volume: $4,756,611,126
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis September 14, 2021
Litecoin’s (LTC) price is consolidating above the $170 support after the September 7 bearish impulse. The price action is characterized by small body candlesticks called Doji and Spinning tops. These candlesticks indicate that buyers and sellers are undecided by the direction of Litecoin. Today, Litecoin is declining after facing rejection at $182. The altcoin is yet to trend but it is consolidating above the current support.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 49 of the Relative Strength Index period 14. It indicates that LTC/USD has reached equilibrium suggesting a balance between supply and demand. LTC price has fallen below the 20% range of the daily stochastic. Litecoin is in the oversold region of the market. The selling pressure is presumed to reach bearish exhaustion. Litecoin will resume upward as buyers emerge in the oversold region.

Conclusion
Litecoin is range-bound between levels $168 and $192. The altcoin is yet to trend as it fluctuates between the range-bound levels. The crypto is confined between the 21-day SMA and 50-day SMA. The uptrend will resume if the LTC price breaks above the 21-day SMA and the bullish momentum is sustained. Also, the selling pressure will resume if price breaks below the 50-day SMA.

LTC/USD – 4 Hour Chart

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Litecoin Plunges and Consolidates Above $176, Upward Move Likely

Updated:

Key Highlights
LTC/USD piunges to $155 low
Litecoin consolidates above $176

Litcoin ( LTC) Current Statistics
The current price: $178.48
Market Capitalization: $14,763,794,392
Trading Volume: $5,664,951,972
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis September 8, 2021
Litecoin’s (LTC) price plunged to the previous low at $155 as bulls bought the dips. LTC price corrected upward above $176 as the altcoin resumed consolidation above it. The $176 support is previous support of August 31. On the upside, if buyers push the LTC price , it is likely to retest the previous high of $230. LTC/USD is trading at $185.57 at the time of writing.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 48 of the Relative Strength Index period 14. It indicates that LTC is in the downtrend zone and capable of falling on the downside. The altcoin is above the 25% range of the daily stochastic. It indicates that Litecoin is in a bullish momentum. The 21-day and the 50-day SMAs are sloping downward indicating the downtrend.


Conclusion
On the 4-hour chart, LTC/USD has a breakdown with a candlestick with a long tail. The candlestick tail reached the low of $155 and pulled back. The long tail indicates that there is strong buying pressure below the current support.

LTC/USD – 4 Hour Chart

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Litecoin Is in a Downward Correction, May Revisit Previous Low at $166

Updated:

Key Highlights
LTC/USD is in a downward correction between $163 and $190
Litecoin is trading at $170 high

Litcoin ( LTC) Current Statistics
The current price: $171.02
Market Capitalization: $14,418,302,165
Trading Volume: $2,274,197,774
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis August 31, 2021
Litecoin’s (LTC) price is in a sideways trend below the $190 resistance level. For the past weeks, Litecoin has been fluctuating between levels $163 and $190. Today, the altcoin is resuming upward after falling to the lower price range. The market is rising to retest the overhead resistance at $190. LTC/USD will resume an uptrend if the resistance at $190 is breached. If buyers are successful, the altcoin will reach $240 high. On the other, if the bears break below the lower price range at $163. Litecoin will further decline to $152 low .

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The altcoin is below the 40% range of the daily stochastic. The 21-day and the 50-day SMAs are sloping upward indicating the uptrend.

LTC/USD – 4 Hour Chart

Conclusion
Today, Litecoin was making upward correction before it was repelled at $175. LTC price is declining and may find support above the lower price range. In previous price action, buyers defended the current support.

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Litecoin (LTC) Faces Rejection, May Commence Uptrend Above $172 Low

Updated:

Key Highlights
LTC/USD declines to $174 low
Litecoin targets $220 high

Litcoin ( LTC) Current Statistics
The current price: $175.48
Market Capitalization:$14,739,779,282
Trading Volume:  $1,959,261,376
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis August 24, 2021
Today, Litecoin’s (LTC) price has fallen to the low of $175 at the time of writing. There is a likelihood of further downsides. The altcoin is failing as bulls fail to break above the $189 resistance level. The current downtrend may extend to the $164 low. The selling pressure may hold above the $164 low which will signal the upward move. Otherwise, a break below $164 support will further push the coin to $149 low. Meanwhile, the LTC price is attempting to hold above the $175 low. On the August 16 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that LTC will rise to level 1.618 Fibonacci extension or level $220.99.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
On the daily chart, LTC/USD price is above the 21-day and the 50-day SMAs which indicate that the uptrend is ongoing. A break below the SMAs will mean a downward movement of prices. The crypto is at level 56 of the Relative Strength Index period 14. It indicates that the market is in an uptrend zone and above the centerline 50.

Conclusion
Litecoin is currently retracing but the market direction is presently bullish. LTC/USD is likely to retest the low of $169 or $164 and resume an upward move. On the daily chart, the altcoin may find support above the 21-day SMA.

LTC/USD – 4 Hour Chart

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Litecoin (LTC) Declines as Bears Resume Selling Pressure

Updated:

Key Highlights
LTC/USD reaches the high of $189
Litecoin holds above $176 support

Litcoin ( LTC) Current Statistics
The current price: $176.79
Market Capitalization: $14,815,638,224
Trading Volume: $2,177,902,237
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis August 17, 2021
Litecoin’s (LTC) price drops sharply soon after the altcoin attains a new high of $189. The downtrend has reached the low of $176 and a further downward move is expected. The current selling pressure was caused by an overbought condition of the market. The emergence of sellers in the overbought region has pushed prices downward. If the current support at $176 holds, the uptrend will resume. On the upside, buyers have an uphill task as they need to break the $184 and $189 resistance levels. A break above these resistance levels will catapult the altcoin to rally above $220. The altcoin has fallen and found support above $176. There are bullish candlesticks above the current support. The uptrend will resume if the current support holds.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin has fallen to level 64 of the Relative Strength Index period 14. Litecoin is in the uptrend zone and capable of resuming upward move. Also, the altcoin has fallen below the 20% range of the daily stochastic. It indicates that Litecoin is now in the oversold region. We should expect the emergence of buyers in the oversold region to push prices upward. The 21-day and the 50-day SMAs are sloping downward indicating the downtrend


Conclusion
Litecoin’s downtrend has reached bearish exhaustion. LTC price has fallen to the oversold region. Meanwhile, on the August 16 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the market will fall to level 1.618 Fibonacci extensions or level $174.35. From the price action, LTC price will retesting level 1.618 Fibonacci extensions before resuming upward.

LTC/USD – 1 Hour Chart


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Litecoin (LTC) Fluctuates Below $170 High as Bulls Intend to Push Price Upward

Updated:

Key Highlights
Litecoin rebounds above$148 support as it reaches the high of $170
The altcoin faces another rejection at the overbought region

Litcoin ( LTC) Current Statistics
The current price: $163.52
Market Capitalization: $13,720,746,228
Trading Volume: $2,758,580,544
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis August 10, 2021
Litecoin’s (LTC) price is fluctuating below the $170 high. The crypto’s price has earlier rallied to $170 high but could not break the resistance level. If buyers can overcome the resistance at $170, Ripple will rally to $180 but will face another rejection. A rally to $180 will attract sellers at the recent high which will push the altcoin downward. Meanwhile, the LTC price is retracing from the recent high. The retracement may be short-lived as further upsides are possible.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The daily stochastic has fallen from 98% to 80%. Today, it is above the 80% range of the daily stochastic. The altcoin is still trading in the overbought region. Litecoin is at level 66 of the Relative Strength Index period 14. The crypto is rising and approaching the overbought region at level 70. It is likely to rise upward. The crypto has a bullish crossover as the 21-day SMA crosses above the 50-day SMA.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is fluctuating below the $170 high. The Fibonacci tool has indicated a possible upward move of the coin but may face rejection. Meanwhile, on August 9 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that the market will rise but reverse at level 1.272 Fibonacci extensions or level $179.49.

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Litecoin (LTC) Declines as It Faces Rejection at the $149 Overhead Resistance

Updated:

Key Highlights
LTC price in a downward move as it faces rejection
The altcoin has resumed selling pressure

Litcoin ( LTC) Current Statistics
The current price: $137.97
Market Capitalization: $11,589,367,564
Trading Volume: $1,370,555,270
Major supply zones: $400, $420, $440
Major demand zones: $200, $180, $160

Litecoin (LTC) Price Analysis August 3, 2021
Litecoin’s (LTC) price is falling as the crypto faces rejection at $149.51 high. The uptrend could not be sustained as the crypto plunged below the $146 support. Presently, the LTC price has broken below the moving averages which suggests further downsides are expected. If the selling pressure resumes, Litecoin will decline to the lows of either $126 or $119. On the daily chart, the LTC price is above the 50-day SMA. The crypto will resume upward if the 50-day SMA support holds. A break below the moving averages will mean the resumption of the downtrend.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The altcoin has fallen below the 20% range of the daily stochastic. It indicates that the crypto is in a bearish momentum. LTC/USD is at level 53 of the Relative Strength Index period 14. It indicates that the altcoin is in the bullish trend zone. The price bars are below the 21-day and the 50-day in the lower time frame.

LTC/USD – 4 Hour Chart

Conclusion
Litecoin is in a downward move. The Fibonacci tool has indicated a further downward movement of the coin. Meanwhile, on August 1 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the market will fall to level 2.0 Fibonacci extensions or level $126.41.


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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.