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{"id":449838,"date":"2020-11-16T07:48:57","date_gmt":"2020-11-16T07:48:57","guid":{"rendered":"https:\/\/wncen.com\/?p=449838"},"modified":"2024-06-11T09:26:36","modified_gmt":"2024-06-11T09:26:36","slug":"litecoin-surges-could-test-70-72","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/litecoin-surges-could-test-70-72\/","title":{"rendered":"Charted: Litecoin Surges Above $65, Why It Could Test $70-$72"},"content":{"rendered":"

Litecoin price is gaining momentum above $65.00 against the US Dollar. LTC is likely to continue higher towards the $70.00 and $72.00 resistance levels in the near term.<\/em><\/p>\n

\n
Litecoin remained well bid and surpassed the $65.00 resistance zone against the US Dollar.<\/li>\n
The price is now trading nicely above the $66.00 level and the 100 simple moving average (4-hours).<\/li>\n
There is a major bullish trend line forming with support near $63.00 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken).<\/li>\n
The price is likely to continue higher above the $68.00 and $70.00 resistance levels.<\/li>\n<\/ul>\n
Litecoin Price is Surging<\/h2>\n
In the last technical analysis, we discussed why litecoin could surge above $65.00<\/a> against the US Dollar. LTC price did gain momentum and broke many hurdles near $64.00 and $65.00.<\/p>\n
The recent upward move was such that the price broke the 76.4% Fib retracement level of the downward move from the $66.60 swing high to $61.07 swing low. Recently, bitcoin<\/a> and ETH<\/a> corrected lower, but litecoin remained well bid above the $65.00 level.<\/p>\n
The price is now trading nicely above the $66.00 level and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $63.00 on the 4-hours chart of the LTC\/USD pair.<\/p>\n
$\"Litecoin$ <\/a><\/p>\n
An initial resistance is near the $67.90 and $68.0 levels. The first major resistance is near the $70.00 level. The stated $70.00 hurdle is also close to the 1.618 Fib extension level of the downward move from the $66.60 swing high to $61.07 swing low. Any further gains could lead the price towards the $72.00 resistance level in the near term.<\/p>\n
Dips Limited in LTC?<\/h2>\n
If litecoin starts a downside correction, it might find a strong buying interest near $65.00. The next major support for the bulls is near the $63.00 level and the highlighted bullish trend line on the hourly chart.<\/p>\n
Any further losses may perhaps send the price towards the $60.00 support or the 100 simple moving average (4-hours) in the near term. Below $60.00, the price is likely to move into a bearish zone.<\/p>\n
Technical indicators:<\/p>\n
4-hours MACD \u2013 The MACD is now gaining momentum in the bullish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently rising and it is well above the 55 level.<\/p>\n
Major Support Levels \u2013 $65.00 followed by $63.00.<\/p>\n
Major Resistance Levels \u2013 $70.00 and $72.00.<\/p>\n","protected":false},"excerpt":{"rendered":"
Litecoin price is gaining momentum above $65.00 against the US Dollar. LTC is likely to continue higher towards the $70.00 and $72.00 resistance levels in the near term. Litecoin remained well bid and surpassed the $65.00 resistance zone against the US Dollar. The price is now trading nicely above the $66.00 level and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $63.00 on the 4-hours chart of the LTC\/USD pair (data feed from Kraken). The price is likely to continue higher above the $68.00 and $70.00 resistance levels. Litecoin Price is Surging In the last technical analysis, we discussed why litecoin could surge above $65.00 against the US Dollar. LTC price did gain momentum and broke many hurdles near $64.00 and $65.00. The recent upward move was such that the price broke the 76.4% Fib retracement level of the downward move from the $66.60 swing high to $61.07 swing low. Recently, bitcoin and ETH corrected lower, but litecoin remained well bid above the $65.00 level. The price is now trading nicely above the $66.00 level and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $63.00 on the 4-hours chart of the LTC\/USD pair. An initial resistance is near the $67.90 and $68.0 levels. The first major resistance is near the $70.00 level. The stated $70.00 hurdle is also close to the 1.618 Fib extension level of the downward move from the $66.60 swing high to $61.07 swing low. Any further gains could lead the price towards the $72.00 resistance level in the near term. Dips Limited in LTC? If litecoin starts a downside correction, it might find a strong buying interest near $65.00. The next major support for the bulls is near the $63.00 level and the highlighted bullish trend line on the hourly chart. Any further losses may perhaps send the price towards the $60.00 support or the 100 simple moving average (4-hours) in the near term. Below $60.00, the price is likely to move into a bearish zone. Technical indicators: 4-hours MACD \u2013 The MACD is now gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is currently rising and it is well above the 55 level. Major Support Levels \u2013 $65.00 followed by $63.00. Major Resistance Levels \u2013 $70.00 and $72.00.<\/p>\n","protected":false},"author":67,"featured_media":449840,"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":[10,2831,79510],"class_list":["post-449838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-ltcusd","tag-ltcusdt"],"acf":[],"yoast_head":"\nCharted: Litecoin Surges Above $65, Why It Could Test $70-$72<\/title>\n<meta name=\"description\" content=\"Litecoin price is gaining momentum above $65.00. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Charted: Litecoin Surges Above $65, Why It Could Test $70-$72","url":"http:\/\/wncen.com\/news\/litecoin\/litecoin-surges-could-test-70-72\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/litecoin\/litecoin-surges-could-test-70-72\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/shutterstock_1422325220.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/shutterstock_1422325220.jpg?fit=1000%2C667"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","ltc\/usd","ltcusdt"],"dateCreated":"2020-11-16T07:48:57Z","datePublished":"2020-11-16T07:48:57Z","dateModified":"2024-06-11T09:26:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Charted: Litecoin Surges Above $65, Why It Could Test $70-$72\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin\\\/litecoin-surges-could-test-70-72\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/litecoin\\\/litecoin-surges-could-test-70-72\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/shutterstock_1422325220.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/shutterstock_1422325220.jpg?fit=1000%2C667\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"ltc\\\/usd\",\"ltcusdt\"],\"dateCreated\":\"2020-11-16T07:48:57Z\",\"datePublished\":\"2020-11-16T07:48:57Z\",\"dateModified\":\"2024-06-11T09:26:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/shutterstock_1422325220.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/449838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=449838"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/449838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/449840"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=449838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=449838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=449838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}