{"id":14710,"date":"2022-12-19T06:13:04","date_gmt":"2022-12-19T06:13:04","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/19\/litecoin-price-bleeds-why-the-bulls-could-stay-on-sidelines\/"},"modified":"2022-12-19T06:13:04","modified_gmt":"2022-12-19T06:13:04","slug":"litecoin-price-bleeds-why-the-bulls-could-stay-on-sidelines","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/19\/litecoin-price-bleeds-why-the-bulls-could-stay-on-sidelines\/","title":{"rendered":"Litecoin Price Bleeds, Why The Bulls Could Stay On Sidelines"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Litecoin value began a recent decline from the $80 resistance in opposition to the US Dollar. LTC is struggling and stays at a danger of extra losses in direction of the $55 help.<\/em><\/p>\n<ul>\n<li>Litecoin began a recent decline from the $85 resistance in opposition to the US Dollar.<\/li>\n<li>The value is now buying and selling under $70 and the 100 easy transferring common (4-hours).<\/li>\n<li>There was a break under a key contracting triangle with help close to $75.00 on the 4-hours chart of the LTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The value might proceed to maneuver down in direction of $55 within the close to time period.<\/li>\n<\/ul>\n<h2>Litecoin Price Turns Red<\/h2>\n<p>This previous month, litecoin value noticed a powerful enhance above the $70 degree in opposition to the US Dollar. LTC value was capable of clear the $80 resistance degree, outperforming each <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-16-5k\/\" target=\"_blank\" rel=\"noopener\">bitcoin<\/a> and <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-signaled-sell-1200\/\" target=\"_blank\" rel=\"noopener\">ethereum<\/a>.<\/p>\n<p>However, the bears remained lively close to the $85 zone. There was a topping sample fashioned close to the $85 degree earlier than the worth began a recent decline. There was a transparent transfer under the $80 and $78 help ranges. Besides, there was a break under a key contracting triangle with help close to $75.00 on the 4-hours chart of the LTC\/USD pair.<\/p>\n<p>Litecoin value is now buying and selling under $70 and the 100 easy transferring common (4-hours). A low is fashioned close to $61.67 and the worth is now consolidating losses.<\/p>\n<p>On the upside, a right away resistance is close to the $66.00 degree. It is close to 23.6% Fib retracement degree of the current decline from the $79.80 swing excessive to $61.67 low. The first main resistance is close to the $70.00 degree.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-512852\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4.png\" alt=\"Litecoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Litecoin-4-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">LTCUSD on TradingView.com<\/a><\/p>\n<p>The 50% Fib retracement degree of the current decline from the $79.80 swing excessive to $61.67 low can be close to $70. If there&#8217;s a clear break above the $70 resistance, the worth might begin a powerful enhance. In the acknowledged case, the worth is prone to proceed greater in direction of the $75 and $78 ranges. Any extra positive factors may ship ltc value in direction of the $80 resistance zone.<\/p>\n<h2>More Losses in LTC?<\/h2>\n<p>If Litecoin value fails to clear the $70.00 resistance degree, there might be extra losses. An preliminary help on the draw back is close to the $61.60 degree.<\/p>\n<p>The first main help is forming close to the $60.00 degree. Any additional losses might maybe ship the worth in direction of the $55.00 help within the coming classes.<\/p>\n<p>Technical indicators:<\/p>\n<p>4-hours MACD \u2013 The MACD is slowly gaining tempo within the bearish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is under the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $60.00 adopted by $55.00.<\/p>\n<p>Major Resistance Levels \u2013 $70.00 and $75.00.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/ltc\/litecoin-price-bleeds-55\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Litecoin value began a recent decline from the $80 resistance in opposition to the US Dollar. LTC is struggling and stays at a danger of extra losses in direction of the $55 help. Litecoin began a recent decline from the $85 resistance in opposition to the US Dollar. The value is now buying and 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