Litecoin (LTC/USD) forecast and analysis on June 9, 2019 | ELEVENEWS
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Litecoin (LTC/USD) forecast and analysis on June 9, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 116.53. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on June 9, 2019

As part of the Litecoin course forecast, a test level of 112.30 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 130.50. The conservative area for Litecoin sales is located near the upper border of the Bollinger Bands indicator at the level of 95.40.

Litecoin (LTC/USD) forecast and analysis on June 9, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 95.00 area. This will indicate a change in the current trend in favor of bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on June 9, 2019 implies a test level of 112.30. Further growth is expected to continue to the area above the level of 130.50. The conservative area for buying Litecoin is located area of 95.40. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 95.00. In this case, we should expect the continuation of the fall.

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Litecoin (LTC/USD) forecast and analysis on June 27, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 135.36. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on June 27, 2019

As part of the Litecoin course forecast, a test of level 131.50 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level 153.20. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 130.10.

Litecoin (LTC/USD) forecast and analysis on June 27, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below the area of ​​128.20. This will indicate a change in the current trend in favor of bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on June 27, 2019 implies a test level of 131.50. Further growth is expected to continue to the area above the level of 153.20. The conservative area for buying Litecoin is located area of 130.10. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 128.20. In this case, we should expect the continuation of the fall.

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Litecoin (LTC) Price Analysis: Key Support Nearby, Can Price Bounce Back?

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  • Litecoin price failed once again to surpass the main $144.90 resistance area against the US Dollar.
  • LTC price declined recently and broke the $140.00 and $132.50 support levels.
  • There is a major bearish trend line forming with resistance near $134.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair is currently approaching the key supports near the $125.50 and $121.00 levels.

Litecoin price is struggling to climb higher against the US Dollar, while bitcoin is surging. LTC price must stay above the $125.50 support to avoid a downside break in the near term.

Litecoin Price Analysis

Recently, litecoin price made another attempt to clear the $144.90 resistance area against the US Dollar. However, the LTC/USD pair failed to gain momentum above $145.00 and topped near $145.20. As a result, there was a sharp decline below the $140.00 and $138.00 levels. The price even settled below the $135.00 level and the 55 simple moving average (4-hours).

It opened the doors for more losses below the $132.50 support level. Finally, there was a spike below the $130.00 support and the price traded as low as $122.42. It is currently correcting higher above $125.50 and the 23.6% Fib retracement level of the recent decline from the $138.30 high to $122.42 low. However, it seems like the price is struggling to climb above the $130.00 level.

The 50% Fib retracement level of the recent decline from the $138.30 high to $122.42 low is also acting as a resistance. Moreover, there is a major bearish trend line forming with resistance near $134.60 on the 4-hours chart of the LTC/USD pair. The 55 simple moving average (4-hours) is also near the $135.00 level.

Therefore, the price is facing a lot of hurdles near $130.00 and $135.00. A successful close above $135.00 and the 55 simple moving average (4-hours) is needed for a fresh increase. If the price fails to climb above $130.00 or $135.00, it could continue to decline. An immediate support is near the $125.50 level. If there are more losses, the price may even test the $120.00 and $121.00 support levels.

Litecoin Price Analysis LTC Chart

Looking at the chart, litecoin price is trading with a bearish bias below $130.00 and the 55 simple moving average (4-hours). As long as sellers remain in action, the price may continue to struggle below $135.00. On the downside, the $120.00 support holds the key for more losses.

Technical indicators

4 hours MACD – The MACD for LTC/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently well below the 40 level.

Key Support Levels – $125.50 and $120.00.

Key Resistance Levels – $130.00 and $135.00.

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LTC/USD bulls must breakdown major barrier running from $145-150 price range for greater gains

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LTC/USD bulls must breakdown major barrier running from $145-150 price range for greater gains

  • Litecoin trading with minor losses of just some 0.05% in the second half of Wednesday.
  • LTC/USD price action is moving within a bullish flag structure, subject to a breakout. 
  • A major barrier in the way for the bulls can be seen tracking from $145 – $150 territory, where the price 

Spot rate:                 136.52

Relative change:      +0.65%

High:                        138.16

Low:                         133.16

LTC/USD 60-minute chart

  •  Via the 60-minute the bulls have managed to break above a descending trend line, completing a retest also, making room for a continued move north. 

LTC/USD daily chart

  • Price action moving within a bullish flag structure, subject to a breakout. 

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