{"id":554565,"date":"2023-10-09T04:58:25","date_gmt":"2023-10-09T04:58:25","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=554565"},"modified":"2024-06-11T07:35:55","modified_gmt":"2024-06-11T07:35:55","slug":"litecoin-price-prediction-ltc-retest-60","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/litecoin\/litecoin-price-prediction-ltc-retest-60\/","title":{"rendered":"Litecoin Price Prediction: LTC Could Retest $60 Before Fresh Surge"},"content":{"rendered":"<p><em>Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand.<\/em><\/p>\n<ul>\n<li>Litecoin is correcting losses from the $63 support zone against the US Dollar.<\/li>\n<li>The price is now trading below $66 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price could drop toward the $60 support before it starts a fresh increase.<\/li>\n<\/ul>\n<h2>Litecoin Price Signals Bearish Move<\/h2>\n<p>This past week, there was a fresh decline in <a href=\"https:\/\/www.ktsl888.com\/analysis\/btc\/bitcoin-price-could-increase-30k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>, <a href=\"https:\/\/www.ktsl888.com\/analysis\/eth\/ethereum-price-vulnerable-1665\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $68.40 before it started a fresh decline.<\/p>\n<p>The price traded below the $66.40 and $65.00 support levels. It retested the $63.00 support zone. A low was formed near $63.01 and the price is now attempting a fresh increase. There was a move above the $65.20 resistance.<\/p>\n<p>The price spiked above the 50% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. Litecoin is now trading below $66 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC\/USD pair.<\/p>\n<p>On the upside, immediate resistance is near the $65.50 zone. The next major resistance is near the $6.40 level. It is close to the 61.8% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. If there is a clear break above the $66.40 resistance, the price could start another strong increase.<\/p>\n<p><a href=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-554566\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?resize=1024%2C468\" alt=\"Litecoin Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=1835 1835w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=1536 1536w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Litecoin.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LTCUSD on TradingView.com<\/a><\/p>\n<p>In the stated case, the price is likely to continue higher toward the $68.40 and $70 levels. Any more gains might send LTC\u2019s price toward the $75 resistance zone.<\/p>\n<h2>Downside Thrust in LTC?<\/h2>\n<p>If Litecoin price fails to clear the $66.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.00 level.<\/p>\n<p>The next major support is forming near the $60 level, below which there is a risk of a move toward the $58.00 support. Any further losses may perhaps send the price toward the $55 support.<\/p>\n<p>Technical indicators:<\/p>\n<p>4-hour MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is still below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $63.00 followed by $60.00.<\/p>\n<p>Major Resistance Levels \u2013 $66.40 and $68.40.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is struggling to gain pace above $66.40 against the US Dollar. LTC could revisit the $60 support before the bulls take a strong stand. Litecoin is correcting losses from the $63 support zone against the US Dollar. The price is now trading below $66 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC\/USD pair (data feed from Kraken). The price could drop toward the $60 support before it starts a fresh increase. Litecoin Price Signals Bearish Move This past week, there was a fresh decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $68.40 before it started a fresh decline. The price traded below the $66.40 and $65.00 support levels. It retested the $63.00 support zone. A low was formed near $63.01 and the price is now attempting a fresh increase. There was a move above the $65.20 resistance. The price spiked above the 50% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. Litecoin is now trading below $66 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $65.50 on the 4-hour chart of the LTC\/USD pair. On the upside, immediate resistance is near the $65.50 zone. The next major resistance is near the $6.40 level. It is close to the 61.8% Fib retracement level of the downward move from the $68.38 swing high to the $63.01 low. If there is a clear break above the $66.40 resistance, the price could start another strong increase. Source: LTCUSD on TradingView.com In the stated case, the price is likely to continue higher toward the $68.40 and $70 levels. Any more gains might send LTC\u2019s price toward the $75 resistance zone. Downside Thrust in LTC? If Litecoin price fails to clear the $66.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.00 level. The next major support is forming near the $60 level, below which there is a risk of a move toward the $58.00 support. Any further losses may perhaps send the price toward the $55 support. Technical indicators: 4-hour MACD \u2013 The MACD is now losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is still below the 50 level. Major Support Levels \u2013 $63.00 followed by $60.00. Major Resistance Levels \u2013 $66.40 and $68.40.<\/p>\n","protected":false},"author":67,"featured_media":409577,"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":[10,2831,67259,79510],"class_list":["post-554565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-ltcusd","tag-ltcbtc","tag-ltcusdt"],"acf":[],"yoast_head":"\n<title>Litecoin Price Prediction: LTC Could Retest $60 Before Fresh Surge<\/title>\n<meta name=\"description\" content=\"Litecoin price is struggling to gain pace above $66.40 against the US Dollar. 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