Furthermore, RSI has dropped below the 14 SMA after rebounding from the overbought zone. However, the index is yet to move below 50 to signal a bearish momentum.<\/p>\n\n\n\n
If the price rebounds from the critical support zone between $64.57 - $70, we may see LTC rejoin the recent bullish trend and move for the next potential upside target near $93.43.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"$LTC May Retest Strong Support At $70 Before Rejoining The Current Bullish Trend \u2013 Litecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ltc-may-retest-strong-support-at-70-before-rejoining-the-current-bullish-trend-litecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:09:21","post_modified_gmt":"2023-04-10 08:09:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The 50 EMA is still maintaining above the 100 EMA, indicating Litecoin is still holding bullish momentum. Besides, the 50 EMA may work as a dynamic support near $70 if the price decides for a further correction.<\/p>\n\n\n\n Furthermore, RSI has dropped below the 14 SMA after rebounding from the overbought zone. However, the index is yet to move below 50 to signal a bearish momentum.<\/p>\n\n\n\n If the price rebounds from the critical support zone between $64.57 - $70, we may see LTC rejoin the recent bullish trend and move for the next potential upside target near $93.43.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"$LTC May Retest Strong Support At $70 Before Rejoining The Current Bullish Trend \u2013 Litecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ltc-may-retest-strong-support-at-70-before-rejoining-the-current-bullish-trend-litecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:09:21","post_modified_gmt":"2023-04-10 08:09:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price started a sluggish bearish movement after being rejected from the long-term resistance at $84.89. According to Fibonacci, LTC is currently trading below 23.6% ($76.01) and approaching the next potential retracement zone at 38.2% ($70.61).<\/p>\n\n\n\n The 50 EMA is still maintaining above the 100 EMA, indicating Litecoin is still holding bullish momentum. Besides, the 50 EMA may work as a dynamic support near $70 if the price decides for a further correction.<\/p>\n\n\n\n Furthermore, RSI has dropped below the 14 SMA after rebounding from the overbought zone. However, the index is yet to move below 50 to signal a bearish momentum.<\/p>\n\n\n\n If the price rebounds from the critical support zone between $64.57 - $70, we may see LTC rejoin the recent bullish trend and move for the next potential upside target near $93.43.<\/p>\n\n\n\n See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"$LTC May Retest Strong Support At $70 Before Rejoining The Current Bullish Trend \u2013 Litecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ltc-may-retest-strong-support-at-70-before-rejoining-the-current-bullish-trend-litecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:09:21","post_modified_gmt":"2023-04-10 08:09:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8766","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite the recent bearish momentum, Litecoin is still under an overall bullish trend and may rejoin the upside rally from the strong support zone near $70.<\/p>\n\n\n\n The price started a sluggish bearish movement after being rejected from the long-term resistance at $84.89. According to Fibonacci, LTC is currently trading below 23.6% ($76.01) and approaching the next potential retracement zone at 38.2% ($70.61).<\/p>\n\n\n\n The 50 EMA is still maintaining above the 100 EMA, indicating Litecoin is still holding bullish momentum. Besides, the 50 EMA may work as a dynamic support near $70 if the price decides for a further correction.<\/p>\n\n\n\n Furthermore, RSI has dropped below the 14 SMA after rebounding from the overbought zone. However, the index is yet to move below 50 to signal a bearish momentum.<\/p>\n\n\n\n If the price rebounds from the critical support zone between $64.57 - $70, we may see LTC rejoin the recent bullish trend and move for the next potential upside target near $93.43.<\/p>\n\n\n\n