{"id":17032,"date":"2023-01-30T06:31:14","date_gmt":"2023-01-30T06:31:14","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/30\/bullish-break-to-120-still-in-sight\/"},"modified":"2023-01-30T06:31:14","modified_gmt":"2023-01-30T06:31:14","slug":"bullish-break-to-120-still-in-sight","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/30\/bullish-break-to-120-still-in-sight\/","title":{"rendered":"Bullish Break To $120 Still In Sight"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Litecoin value prolonged its enhance above the $90 zone in opposition to the US Dollar. LTC is rising and would possibly try a contemporary rally above the $100 resistance.<\/em><\/p>\n<ul>\n<li>Litecoin began a contemporary enhance above the $90 zone in opposition to the US Dollar.<\/li>\n<li>The value is now buying and selling above $90 and the 100 easy shifting common (4-hours).<\/li>\n<li>There is a key bullish development line forming with help close to $89.50 on the 4-hours chart of the LTC\/USD pair (information feed from Kraken).<\/li>\n<li>The value might begin one other rally if there&#8217;s a clear transfer above the $100 resistance.<\/li>\n<\/ul>\n<h2>Litecoin Price Outperforms Bitcoin<\/h2>\n<p>This previous week, litecoin value fashioned a help base above the $85 degree in opposition to the US Dollar. LTC value began a gentle enhance above the $90 resistance zone, outperforming <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-resumes-uptrend-25k\/\" target=\"_blank\" rel=\"noopener\">bitcoin<\/a> and <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-potential-rally-1800\/\" target=\"_blank\" rel=\"noopener\">ethereum<\/a>.<\/p>\n<p>The bulls have been in a position to push the value above the $95 resistance. A brand new yearly excessive was fashioned close to $97.72 and the value is now consolidating positive aspects. It is buying and selling close to the 23.6% Fib retracement degree of the current enhance from the $86.98 swing low to $97.72 excessive.<\/p>\n<p>Litecoin value is now buying and selling above $90 and the 100 easy shifting common (4-hours). There can also be a key bullish development line forming with help close to $89.50 on the 4-hours chart of the LTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-517948\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1.png\" alt=\"Litecoin Price Prediction\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Litecoin-1-1140x525.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=\"noopener nofollow\">LTCUSD on TradingView.com<\/a><\/p>\n<p>On the upside, a direct resistance is close to the $97.75 degree. The subsequent main resistance is close to the $100 degree. If there&#8217;s a clear break above the $100 resistance, the value might begin a powerful enhance. In the acknowledged case, the value is prone to proceed larger in the direction of the $108 and $115 ranges. Any extra positive aspects would possibly ship ltc value in the direction of the $120 resistance zone.<\/p>\n<h2>Dips Limited in LTC?<\/h2>\n<p>If Litecoin value fails to clear the $100 resistance degree, there could possibly be a draw back correction. An preliminary help on the draw back is close to the $92.50 degree.<\/p>\n<p>The first main help is forming close to the $90 degree or the 76.4% Fib retracement degree of the current enhance from the $86.98 swing low to $97.72 excessive or the development line. Any additional losses could maybe ship the value in the direction of the $85 help.<\/p>\n<p>Technical indicators:<\/p>\n<p>4-hours MACD \u2013 The MACD is slowly dropping tempo within the bullish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is above the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $92.50 adopted by $90.00.<\/p>\n<p>Major Resistance Levels \u2013 $97.75 and $100.00.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/ltc\/litecoin-price-prediction-120\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Litecoin value prolonged its enhance above the $90 zone in opposition to the US Dollar. LTC is rising and would possibly try a contemporary rally above the $100 resistance. Litecoin began a contemporary enhance above the $90 zone in opposition to the US Dollar. The value is now buying and selling above $90 and 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