{"id":648230,"date":"2024-10-16T05:08:16","date_gmt":"2024-10-16T05:08:16","guid":{"rendered":"https:\/\/wncen.com\/?p=648230"},"modified":"2024-10-16T04:08:29","modified_gmt":"2024-10-16T04:08:29","slug":"litecoin-ltc-jumps-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/ltc\/litecoin-ltc-jumps-10\/","title":{"rendered":"Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?"},"content":{"rendered":"<p><em>Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone.<\/em><\/p>\n<ul>\n<li>Litecoin is showing positive signs from the $65 support zone against the US Dollar.<\/li>\n<li>The price is now trading above $70 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price is up over 10% and might continue to rise if it clears the $72.80 resistance zone.<\/li>\n<\/ul>\n<h2>Litecoin Price Gains Bullish Momentum<\/h2>\n<p>After forming a base above $65, Litecoin started a fresh increase. LTC price broke the $68 and $70 resistance levels to move into a positive zone, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-gains-steam-68k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-bulls-3k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price gained over 10% and even cleared the $72 level. A high was formed at $72.74 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high.<\/p>\n<p>Litecoin is now trading above $70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high.<\/p>\n<figure id=\"attachment_648231\" aria-describedby=\"caption-attachment-648231\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-648231 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?resize=1024%2C478\" alt=\"Litecoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Litecoin.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-648231\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>On the upside, immediate resistance is near the $72.00 zone. The next major resistance is near the $72.80 level. If there is a clear break above the $72.80 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $75.50 and $78.00 levels. Any more gains might send LTC\u2019s price toward the $80.00 resistance zone.<\/p>\n<h2>Are Dips Supported in LTC?<\/h2>\n<p>If Litecoin price fails to clear the $72 resistance level, there could be a downside correction. Initial support on the downside is near the $71.00 level.<\/p>\n<p>The next major support is forming near the $69.00 level, below which there is a risk of a move toward the $67.50 support. Any further losses may perhaps send the price toward the $65.00 support.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is above the 60 level.<\/p>\n<p>Major Support Levels \u2013 $71.00 followed by $67.50.<\/p>\n<p>Major Resistance Levels \u2013 $72.80 and $80.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC\/USD pair (data feed from Kraken). The price is up over 10% and might continue to rise if it clears the $72.80 resistance zone. Litecoin Price Gains Bullish Momentum After forming a base above $65, Litecoin started a fresh increase. LTC price broke the $68 and $70 resistance levels to move into a positive zone, like Bitcoin and Ethereum. The price gained over 10% and even cleared the $72 level. A high was formed at $72.74 and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high. Litecoin is now trading above $70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC\/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $65.29 swing low to the $72.74 high. On the upside, immediate resistance is near the $72.00 zone. The next major resistance is near the $72.80 level. If there is a clear break above the $72.80 resistance, the price could start another strong increase. In the stated case, the price is likely to continue higher toward the $75.50 and $78.00 levels. Any more gains might send LTC\u2019s price toward the $80.00 resistance zone. Are Dips Supported in LTC? If Litecoin price fails to clear the $72 resistance level, there could be a downside correction. Initial support on the downside is near the $71.00 level. The next major support is forming near the $69.00 level, below which there is a risk of a move toward the $67.50 support. Any further losses may perhaps send the price toward the $65.00 support. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for LTC\/USD is above the 60 level. Major Support Levels \u2013 $71.00 followed by $67.50. Major Resistance Levels \u2013 $72.80 and $80.00.<\/p>\n","protected":false},"author":67,"featured_media":648232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83370],"tags":[10,2831,81590],"class_list":["post-648230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ltc","tag-litecoin","tag-ltcusd","tag-ltc-usdt"],"acf":[],"yoast_head":"\n<title>Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?<\/title>\n<meta name=\"description\" content=\"Litecoin price is gaining pace above the $70.00 level against the US Dollar. 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