Litecoin (LTC) Price Analysis: $200 Presents Key Resistance.
14 Oct 2021, 08:00
Litecoin (LTC) Price Analysis: $200 Presents Key Resistance
Litecoin price is recovering higher above $170 against the US Dollar, similar to bitcoin. LTC price could continue higher if it clears $185 and $188.
Litecoin Price AnalysisThis week, there was a fresh increase in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC failed to clear the $185 resistance and corrected lower.
There was a break below the $172 support, but dips were limited. The price formed a support base above $165 and started a fresh increase. There was a break above the $172 resistance zone. It cleared the 50% Fib retracement level of the main decline from the $185 swing high to $166 low.