\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"};

Most Read

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\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"};

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\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"};

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Follow The Distributed

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\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

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"};

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By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

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

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"};

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\n

Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

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

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"};

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\n
\"Litecoin
LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

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

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"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
    \"Litecoin
    LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

    Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

    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

    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"};

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • LTC may pull back near the key support at $70 before rebounding for a bullish move.
    <\/li>\n\n\n\n
  • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
    \"Litecoin
    LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

    Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

    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

    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"};

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Relative Strength Index (RSI) drops below the 14 SMA but still holds above 50.
    <\/li>\n\n\n\n
  • LTC may pull back near the key support at $70 before rebounding for a bullish move.
    <\/li>\n\n\n\n
  • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
    \"Litecoin
    LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

    Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

    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

    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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The 50 and 100 EMA plot a bullish crossover, suggesting the current uptrend is still valid.
    <\/li>\n\n\n\n
  • Relative Strength Index (RSI) drops below the 14 SMA but still holds above 50.
    <\/li>\n\n\n\n
  • LTC may pull back near the key support at $70 before rebounding for a bullish move.
    <\/li>\n\n\n\n
  • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
    \"Litecoin
    LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

    Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

    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

    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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Litecoin started consolidating around $75 since hitting the long-term resistance at $84.89 on December 5th.
    <\/li>\n\n\n\n
  • The 50 and 100 EMA plot a bullish crossover, suggesting the current uptrend is still valid.
    <\/li>\n\n\n\n
  • Relative Strength Index (RSI) drops below the 14 SMA but still holds above 50.
    <\/li>\n\n\n\n
  • LTC may pull back near the key support at $70 before rebounding for a bullish move.
    <\/li>\n\n\n\n
  • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
    \"Litecoin
    LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

    Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

    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

    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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
      \n
    • Litecoin started consolidating around $75 since hitting the long-term resistance at $84.89 on December 5th.
      <\/li>\n\n\n\n
    • The 50 and 100 EMA plot a bullish crossover, suggesting the current uptrend is still valid.
      <\/li>\n\n\n\n
    • Relative Strength Index (RSI) drops below the 14 SMA but still holds above 50.
      <\/li>\n\n\n\n
    • LTC may pull back near the key support at $70 before rebounding for a bullish move.
      <\/li>\n\n\n\n
    • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
      \"Litecoin
      LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

      Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

      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

      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"};

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      \n

      Litecoin: Key Findings<\/h2>\n\n\n\n
        \n
      • Litecoin started consolidating around $75 since hitting the long-term resistance at $84.89 on December 5th.
        <\/li>\n\n\n\n
      • The 50 and 100 EMA plot a bullish crossover, suggesting the current uptrend is still valid.
        <\/li>\n\n\n\n
      • Relative Strength Index (RSI) drops below the 14 SMA but still holds above 50.
        <\/li>\n\n\n\n
      • LTC may pull back near the key support at $70 before rebounding for a bullish move.
        <\/li>\n\n\n\n
      • Litecoin will technically enter a bearish trend if the price breaks the critical support at $64.57.<\/li>\n<\/ul>\n\n\n\n
        \"Litecoin
        LTC may rebound for a bullish move from the key support near $70. Source: The Distributed\/TradingView<\/a><\/figcaption><\/figure>\n\n\n\n

        Litecoin (LTC) Technical Analysis<\/h2>\n\n\n\n

        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

        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"};

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        Litecoin

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