NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Litecoin Rejected At $55, Bears Might Drag LTC Below Immediate Support Line

anushsamal
anushsamal
3 years ago
2 mins read
Litecoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Litecoin attempted to rise, however, the bears were still strong on the chart. Although the coin showed some recovery, technical outlook pointed towards further decline. Bitcoin too has lost steam as the coin plunged below the $20,000 mark.

Broader market weakness can be attributed to Litecoin’s downward price movement. Closest support line for LTC stood at $45 and the price of the coin was trading very close to the aforementioned support level. The latest drop in price over the past four days have invalidated LTC’s weekly gains.

Ever since Litecoin lost the support of $50, the coin has been on a consistent downfall. Buyers have exited the market and that has caused LTC to further plunge in value.

With the slightest bit of demand, LTC could push upwards and cross above the $50 price mark. The global cryptocurrency market cap today is $924 Billion, with a 0.2% positive change in the last 24 hours.

Litecoin Price Analysis: Four Hour Chart

Litecoin
Litecoin was priced at $48 on the four hour chart | Source: LTCUSD on TradingView

LTC was trading at $48 on the four hour chart. The nearest support line rested at $47 and then $45. The technical outlook pointed towards LTC’s possibility of dipping further on the chart. It might revisit $47 and then trade at a level lower.

The overhead resistance for the coin awaited at $50. If demand for the coin rises then LTC might move above the $50 price level. For the bearish thesis to be invalidated, the coin has to trade above the $50 level for a considerable period of time. The amount of Litecoin traded in the last session dropped indicating a fall in buying strength.

Technical Analysis

Litecoin
Litecoin displayed fall in buying strength on the four hour chart | Source: LTCUSD on TradingView

The altcoin noticed a sharp decline in buying strength over the past few days. As soon as LTC lost the $50 support, buyers started to quit the market. In consonance, the Relative Strength Index was below the half-line signifying overpowering of selling pressure.

RSI however displayed a small uptick signalling at LTC’s struggle to recover on chart. The price of Litecoin was below the 20-SMA line which meant that sellers were driving the price momentum in the market. It is in indication of bearish pressure. LTC might show signs of upward movement shortly after it declines on its chart further.

Related Reading | Bitcoin Bearish Signal: Exchange Whale Ratio Is Trending Up

Litecoin
Litecoin flashed buy signal on the four hour chart | Source: LTCUSD on TradingView

The four hour chart displayed mixed technical outlook for LTC. Chaikin Money Flow determines the capital inflows and outflows. CMF was way underneath the half-line pointing towards extremely low amounts of capital inflows.

Awesome Oscillator reads the price momentum and direction of the coin. AO was below the half-line displaying green signal bars. These green signal bars were buy signal with chances of a potential shift in the price action. For LTC to follow through a reversal, broader market weakness has to decline.

Related Reading | Bears Refuse To Budge As Bitcoin Struggles To Reclaim $20,000

Featured image from UnSplash, charts from TradingView.com

 

Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano price news

Cardano Flashes Major Buy Signal—$1.90 Target Unleashed

Crypto analyst Investing Broz has spotlighted Cardano (ADA) as one of the most promising altcoins currently breaking out amid a...

Jake Simmons 3 hours ago
Bitcoin

Delay In Bull Market Could Push Bitcoin Higher Than Expected

The bull market may be taking longer than expected to kick into its final gear, but the Bitcoin price structure...

Sandra White 4 hours ago
Bitcoin

$122,000 And Climbing: Bitcoin Sets New Record As ETFs Drive Demand

Bitcoin rose above the $122,000 mark on Monday. According to data from CoinGecko, prices briefly topped that level before pulling...

Christian Encila 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

比特幣突破12萬美元上望20萬 值得關注5種可能突然上漲100倍山寨幣

Mark Mak 42 minutes ago

加密周引爆比特幣與山寨幣牛市狂潮 TOKEN6900強勢飆升中!

estherw 1 hour ago
Bitcoin

Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • How XRP Users Can Make $1 Million from $100 in No Time at...

    43 minutes ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    5 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    6 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    7 hours ago
  • Bitcoin Hyper

    ...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.