{"id":449676,"date":"2020-11-13T07:48:05","date_gmt":"2020-11-13T07:48:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=449676"},"modified":"2024-06-11T14:08:20","modified_gmt":"2024-06-11T14:08:20","slug":"litecoin-prints-bullish-breakout-65","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/litecoin\/litecoin-prints-bullish-breakout-65\/","title":{"rendered":"Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65"},"content":{"rendered":"<p><em>Litecoin price is gaining momentum above $62.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin), and it could even break the $65.00 resistance in the near term.<\/em><\/p>\n<ul>\n<li>Litecoin formed a strong support base near $57.00 and started a fresh increase against the US Dollar.<\/li>\n<li>The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours).<\/li>\n<li>There was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price is likely to continue higher above the $64.00 and $65.00 resistance levels.<\/li>\n<\/ul>\n<h2>Litecoin Price Starts Fresh Increase<\/h2>\n<p>This week, <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/ta-bitcoin-surges-5-why-pullbacks-remain-attractive-to-the-bulls\/\" target=\"_blank\" rel=\"noopener \">bitcoin price<\/a> gained pace above the $15,500 and $16,000 resistance level, sparking positive moves in altcoins. Litecoin performed really well, and it started a decent upward move after forming a support base near the $57.00 level.<\/p>\n<p>LTC price broke the $58.50 and $60.00 resistance levels to move into a positive zone. There was a break above the 50% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low.<\/p>\n<p>Moreover, there was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair. Litecoin price is now trading nicely above the $60.00 level and the <a href=\"https:\/\/ktsl888.com\/analysis\/ltc\/litecoin-indicators-suggest-rally-70\/\" target=\"_blank\" rel=\"noopener \">100 simple moving average (4-hours)<\/a>.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1828\" height=\"868\" class=\"alignnone size-full wp-image-449677\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?resize=1828%2C868\" alt=\"Litecoin Price \" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/11\/Litecoin-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LTCUSD on TradingView.com<\/a><\/pre>\n<p>An immediate resistance is near the $63.00 level or the 76.4% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low. The first major resistance is near the $64.00 level.<\/p>\n<p>The main resistance is near the $65.00 level. A successful break and close above the $65.00 resistance may perhaps open the doors for a decent increase towards the $70.00 resistance.<\/p>\n<h2>Dips Likely Limited in LTC<\/h2>\n<p>If litecoin fails to continue above the $63.00 resistance or the $65.00 zone, there are chances of a downside correction. On the downside, the first major support is near the $60.00 region (the recent breakout zone).<\/p>\n<p>The main support is now forming near the $57.00 level and the 100 simple moving average (4-hours), below which the price could test $55.00.<\/p>\n<p>Technical indicators:<\/p>\n<p>4-hours MACD \u2013 The MACD is now gaining momentum in the bullish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently rising and it is well above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $60.00 followed by $57.00.<\/p>\n<p>Major Resistance Levels \u2013 $63.00 and $65.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is gaining momentum above $62.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin), and it could even break the $65.00 resistance in the near term. Litecoin formed a strong support base near $57.00 and started a fresh increase against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken). The price is likely to continue higher above the $64.00 and $65.00 resistance levels. Litecoin Price Starts Fresh Increase This week, bitcoin price gained pace above the $15,500 and $16,000 resistance level, sparking positive moves in altcoins. Litecoin performed really well, and it started a decent upward move after forming a support base near the $57.00 level. LTC price broke the $58.50 and $60.00 resistance levels to move into a positive zone. There was a break above the 50% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low. Moreover, there was a break above a major contracting triangle with resistance near $60.00 on the 4-hours chart of the LTC\/USD pair. Litecoin price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). Source: LTCUSD on TradingView.com An immediate resistance is near the $63.00 level or the 76.4% Fib retracement level of the downward move from the $64.92 swing high to $57.00 swing low. The first major resistance is near the $64.00 level. The main resistance is near the $65.00 level. A successful break and close above the $65.00 resistance may perhaps open the doors for a decent increase towards the $70.00 resistance. Dips Likely Limited in LTC If litecoin fails to continue above the $63.00 resistance or the $65.00 zone, there are chances of a downside correction. On the downside, the first major support is near the $60.00 region (the recent breakout zone). The main support is now forming near the $57.00 level and the 100 simple moving average (4-hours), below which the price could test $55.00. Technical indicators: 4-hours MACD \u2013 The MACD is now gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently rising and it is well above the 50 level. Major Support Levels \u2013 $60.00 followed by $57.00. Major Resistance Levels \u2013 $63.00 and $65.00.<\/p>\n","protected":false},"author":67,"featured_media":449678,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,2831,79510],"class_list":["post-449676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-ltcusd","tag-ltcusdt"],"acf":[],"yoast_head":"\n<title>Charted: Litecoin Prints Bullish Breakout, Why LTC Could Surpass $65<\/title>\n<meta name=\"description\" content=\"Litecoin price is gaining momentum above $62.00. 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