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Litecoin (LTC) Price Analysis: More Upsides Likely Above $140


  • Litecoin price started a fresh increase above the $125 resistance zone against the US Dollar.

  • LTC price is now trading nicely above $132 and the 55 simple moving average (4-hours).

  • There is a key contracting triangle forming with resistance near $142 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).

  • The pair is likely to accelerate higher if there is a clear break above $142 and $145.


Litecoin price is attempting a recovery above $132 against the US Dollar, similar to bitcoin. LTC price must clear $142 to continue higher in the near term.


Litecoin Price Analysis


This week, there was a steady increase in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a support base above the $120 and $118 levels.


The price started a steady increase above the $132 resistance level and the 55 simple moving average (4-hours). It even cleared the $135 resistance level. Finally, there was a spike above the $140 level and the price traded as high as $142.


It is now consolidating gains below $142. It spiked below the 23.6% Fib retracement level of the upward move from the $$127 swing low to $142 high. However, the bulls were active near the $135 level.


The price also remained stable above the 50% Fib retracement level of the upward move from the $$127 swing low to $142 high. Moreover, there is a key contracting triangle forming with resistance near $142 on the 4-hours chart of the LTC/USD pair.


A clear upside break above the triangle resistance could set the pace for a larger increase. The next key resistance is near $145, followed by $150. Any more gains could lead the price towards $175.


On the downside, the price is likely to remain stable near $135. The next key support is near the $132 level, below which there is a risk of a move towards the $125 level.


Litecoin (LTC) Price

Litecoin (LTC) Price


Looking at the chart, litecoin price is clearly trading well above $130 and the 55 simple moving average (4-hours). Overall, the price is likely to accelerate higher if there is a clear break above $142 and $145 in the near term.


Technical indicators


4 hours MACD – The MACD for LTC/USD is slowly gaining pace in the bullish zone.


4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now above the 50 level.


Key Support Levels – $135 and $132.


Key Resistance Levels – $142 and $150.


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