LTC/USD forecast for today by Traders Union analysts
The LTC/USD pair means that the price of Litecoin changes in the US dollars. This altcoin was launched as a BTC fork in 2011. The cryptocurrency was designed for faster transactions compared to the parent network. There is still a substantial correlation observed between Litecoin and Bitcoin. This explains the popularity of LTC/USD trading among traders, who want to make some money on volatility. Traders Union analysts make daily forecasts of Litecoin price against the US dollar so that you could monitor the price performance online. The forecasts are based on the instruments of technical analysis.
LTC/USD broke the support and continued its decline
16.04.2024
The strong US dollar and investors' flight from risky assets contributed to the continued liquidation of long positions in the crypto market, against which the price of LTC coin broke through the support at 96.00-94.00 and collapsed to the support at 71.05. Attempts to grow at the moment are limited by the resistance near the level of 82.35; the inability of bulls to break through it keeps the risks of retesting the support at least high; passing the resistance will lead to growth in the direction of 90.00-94.00. In the short term, consolidation in the range is possible.
LTC/USD is unsuccessfully trying to break through the resistance at 106.00
09.04.2024
The bulls in the crypto market do not leave attempts to continue the rally, which was observed in recent months. Against this background, during the week, there were attempts by LTCUSD bulls to break through the resistance near 106.00, but all their attempts were unsuccessful. The nearest support is at 99.00, above which there are chances to return to the above resistance, but the failure of bitcoin bulls to update the highs may lead to a larger correction, which will cause litecoin to lose in price. A loss of the current support will lead to a decline towards 96.00-95.00.
LTC/USD is declining after growth
02.04.2024
After breaking the resistance around the 97.95 level, the LTC price rose to 110.25, followed by a pullback to 102.00 support. Buying from this level contributed to another attempt to break the resistance of 110.25, but the coin managed to advance only to 112.66, where it was sold, and the bears, having broken the above support, tested the support of 93.60. Now, the nearest resistance is located near the level of 101.00, below which there are still risks of a repeated decline of today's low; passing the resistance will lead to growth in the direction of 104.00-106.00. If bitcoin correction continues, litecoin may update the current lows.
LTC/USD is under pressure again after recovery
26.03.2024
As a result of the corrective decline, LTC fell in price to 77.20 USD. Having found support here, the coin demonstrated recovery during the past week, allowing it to test resistance near 92.00. From this level, the bulls are again taking profits on long positions, on the background of which the coin's price rolled back to the support near the mark 88.00. Breaking through this support will lead to a decline towards 83.00-81.00 levels, where buying is possible; breaking through the resistance will lead to growth to 95.00-98.00. There is no talk about the reversal of the uptrend at the moment, and in the short term, LTCUSD consolidation in the range is possible.
LTC/USD loses in price after reaching the peak at 105.55
19.03.2024
Having peaked at 105.55, LTCUSD has been under pressure all last week and this week amid the liquidation of long positions, as a result of which the price of the coin fell to 78.10. Thus, it has lost almost all its gains this month, and the loss of support around the levels of 84.00-82.00 suggests a fall towards 76.00-74.00. Bounces in the direction of 86.00-86.80 can be used for selling, while a larger decline is unlikely.
LTC/USD broke out of the consolidation range
12.03.2024
During the week, the bulls on LTC made progress. After breaking through the resistance around 79.50-80.00 USD, they raised the price of the coin to the level of 105.50, where they fixed profits, against which the price rolled back to the support of 95.85 at the moment. The outlook remains constructive; the bulls may try to break the resistance of 105.50 again, in which case we should expect a rise towards 110.00-115.00; loss of support will lead to a decline towards 90.00-85.00.
LTC/USD is consolidating after another rise
05.03.2024
Bitcoin continues its exorbitant flight, then allows other coins like litecoin to remain positive, against which its price broke through the resistance of 78.00 USD and rose to 94.63. At the moment, LTCUSD is in a consolidation phase, where the inability of the bulls to break through the resistance increases the risks of losing the support of 88.00 and declining towards 84.00-82.00. On the downside, demand may persist, but BTC is close to historical highs, from which a large-scale correction is possible, so LTC bulls should also be extremely cautious.
LTC/USD grows after bitcoin
27.02.2024
The inflow of capital into the crypto market continues to stimulate the growth of major, and not only cryptocurrencies. Bitcoin's rally looks quite impressive, on the background of which the LTC price broke through the resistance near the level of 73.50 USD and tested the mark of 76.39. BTC continues to rise in price, so the potential for LTC growth in the direction of 77.50-79.50 remains; the loss of support at 73.50 will lead to a decline in the direction of 70.50-70.00. Coin price pullbacks can continue to be used for purchases.
LTC/USD is unable to return to the current highs
20.02.2024
While BTCUSD continues to storm the current highs, LTCUSD continues to consolidate in a range between resistance around the 71.00-71.50 levels and support at 69.00-68.25, unable to break the resistance and return to its current highs. Nevertheless, the outlook for the coin remains constructive, and the bulls may test the 77.00-79.00 resistance, but if bitcoin falls, litecoin may decline to support around the 60.00 level.
LTC/USD under pressure after growth to 73.50
13.02.2024
Against the background of the renewed growth of bitcoin, LTCUSD has been demonstrating positive dynamics all last week, within which the resistance near the psychological level of 70.00 was broken and the level of 73.50 was tested. The bulls' attempts to break through it were not successful, while demand remains at the level of 71.75. Losing this support will lead to a decline towards 70.50-70.00; breaking through 73.00 will lead to growth towards 74.50-75.00.
LTC/USD trades without changes
06.02.2024
The situation in LTCUSD has not changed over the past week. After growth to the level of 70.00, the price of the coin, being under pressure on the background of profit taking on long positions, decreased to the mark of 65.80 USD, after which it entered the consolidation phase, trading in a narrow range between these levels. The growth of the U.S. dollar helps to maintain pressure, and with it, the risks of testing 66.00-65.80, while there are still no reasons for a large-scale sell-off, and the depreciated LTC can be redeemed again. Passage of the current resistance at 68.10 will allow to test 69.00-70.00.
LTC/USD broke through resistance and continued to grow
30.01.2024
After a brief consolidation in the range between resistance around 66.20 and support at 64.90, the LTC price broke through resistance and rose to the level of 68.80, after which the coin again entered the consolidation phase, where pullbacks are limited by support around the levels of 67.40-66.80. Despite the bulls maintaining control over the situation, a breakdown of support and a decline towards 66.00-65.20 is still possible; passing resistance will lead to a rise to 69.60-70.00. LTCUSD may continue to buy in the fall.
LTC/USD continued to decline
23.01.2024
Litecoin failed to resume growth after the launch of the spot bitcoin-ETF, and after unsuccessful attempts of the bulls to break the resistance around 72.68, the coin is experiencing selling pressure, as a result of which the support of 68.00-66.50 was broken and the level of 63.60 was tested at the moment. A rebound from the current levels is possible in the direction of the previously broken levels; a break of 61.00 will increase the pressure and lead to a decline towards 58.00.
LTC/USD remains under pressure after rising to current highs
18.01.2024
On the euphoria about the launch of spot bitcoin-ETFs, the price of LTC soared to resistance near the level of 76.65, where the bulls again took profits on longs, and the price of the coin fell to the support of 68.50. At the moment, the pressure on it remains, but there are no objective reasons for a collapse in the crypto market, so from the current support, the bulls may try to test the resistance at 71.50-72.00; its loss will lead to a decline towards 67.00-66.00, where the bulls may also become active.
LTC/USD trades multi-directionally after the fall
09.01.2024
Due to the liquidation of long positions, the lightcoin last week collapsed from the level of 73.50 to the level of 58.14 USD but soon returned to the resistance around 66.00-67.00. After that, upside attempts were limited to 68.41, and downside attempts were limited to 61.16. Failure to consolidate above 66.00 keeps downside risks at 61.00-58.00 high, but ahead of possible SEC approval of spot bitcoin-ETFs, volatility may persist, and LTCUSD may trade within a wide range.
LTC/USD recovers after the fall
19.12.2023
The inability of LTCUSD bulls to break through the resistance around the levels of 73.50-74.00 provoked the continuation of liquidation of long positions, against which the price of the coin broke through the support of 71.00-70.50 and fell to the level of 68.07. The bulls are in no hurry to give up and, having bought on this fall, are trying to break through the resistance of 71.50. Nevertheless, failure to break it will lead to a decline to 69.00-68.00 at least; passing the resistance will lead to a rise to 72.50-73.00, where the bears may become active again.
LTC/USD is declining after rising
12.12.2023
The bulls on LTC managed to break through the resistance around 74.95 and resistance at 76.65 last week, but they failed to absorb the bears' offer around 79.00 USD, and the price of the coin, having soon broken through the support around 76.65, declined to the level of 70.80. The nearest resistance at this stage is around the level of 74.00, below which there are still risks of support breakdown and decline in the direction of 69.00-68.00; passing the resistance will lead to growth to 75.00-76.00.
LTC/USD is declining after rising
05.12.2023
While the bitcoin bulls continue to update the current highs, the growth of lightcoin from the support around 69.25 USD was limited by the resistance at 75.04, after testing which the price of the coin retreated to the support at 71.50. In case of further bitcoin growth, LTCUSD may test resistance around 72.50-73.00; loss of support will lead to a decline towards 70.50-70.00, which may happen in case of a BTC correction.
LTC/USD declines after growth
28.11.2023
The fall of LTCUSD to the level of 65.25 attracted buying interest, against which the price of the coin broke through resistance around the levels of 68.00 and 70.00 and tested resistance around the level of 72.00. Nevertheless, bears became active here again, and the price declined to 68.00, which now acts as support. On the downside, the demand may persist, and the bulls may test 70.00-70.50 again; loss of support will lead to a decline towards 66.50-66.00.
LTC/USD returned to support
21.11.2023
The attempt of the Lightcoin bears to regain control of the situation and break the support around the 68.12 level failed; after testing it, the token price rose to the resistance around the 74.25 level. However, after testing it, it is under pressure again, and the bears are again trying to break 69.00-68.12. At this stage, the coin is consolidating in a range, with chances for growth in 72.00-73.00 remaining; loss of support will lead to a decline in the direction of 66.00-65.27.
LTC/USD is unable to break through the resistance
14.11.2023
Lightcoin bulls tried to break the resistance near 76.65, but all their attempts were unsuccessful, but on the decline to the support near the psychological level of 70.00 they continue to buy it. Nevertheless, the inability of the bulls to break through the resistance increases the risks of losing the support and declining towards 67.00-65.00, where the bulls' activation is possible. Passage of resistance will provide growth up to 80.00 USD.
LTC/USD declines after growth
07.11.2023
Against the background of the general trend in the crypto market, the lightcoin broke through the resistance around 70.50 USD after a short consolidation and rose to the level of 75.00. The fading of the bullish momentum forces investors to fix profits on long positions, as a result of which the price of LTCUSD fell to the level of 72.40, which the bears are trying to break through at the moment. If successful, they will be able to test the support at 70.50, and after breaking it, they will test the level of 70.00. A confident passing of the resistance will lead to a rise towards 76.00 USD.
LTC/USD is consolidating in the range
31.10.2023
Lightcoin has been under pressure lately, amid which its price has fallen to the support of 65.80 USD. Nevertheless, the bullish mood in the crypto market persists, and the coin continues to be bought on the decline, which led to a rise to the level of 70.45. Thus, it is still in a consolidation phase, where above 67.00-65.80, there is a potential upside to 72.00-72.90; a loss of 65.80 will lead to a decline towards 63.00 dollars per ounce.
LTC/USD has updated the current highs
24.10.2023
Lightcoin last week was redeemed on the decline to the support around 60.05 USD, resulting in its price returning to the resistance of 65.25. After a short consolidation, this level was broken, and the price of the coin soared to the level of 72.83, helped by the news about the listing of iShares ETF from BlackRock and investors' confidence that the SEC will approve applications for the launch of spot bitcoin-ETFs. The further dynamics of LTC will also depend on the dynamics of BTC. Bulls may continue to try to break the current highs; a loss of 68.45 support will lead to a decline towards USD 66.00-63.00.
LTC/USD declines after the pump
17.10.2023
Thanks to the false news about the US SEC approving applications for launching spot bitcoin-ETFs and BTC's growth on this background, LTCUSD broke through the resistance around 62.20 and rose to 66.25. After the refutation of the news, it is under pressure again, so it declined to 62.44 at the moment. It may next test support at 62.00-61.45; a break of 63.45 will take it up to 64.00-65.00.
LTC/USD is getting cheaper again
10.10.2023
Consolidation of the lightcoin after falling to 63.04 USD and pullback to the resistance of 66.00 ended with a break of the support of 64.00 and a fall to 61.62. Growth attempts are now limited to 63.62 resistance, and at the moment, the risks of retesting the current low prevail; passing the resistance will lead to a rise to 64.00-65.27 USD.
LTC/USD is declining after rising
03.10.2023
After pushing back again from the support around 63.20 USD, the lightcoin broke through the resistance around the 65.27 level and rose to 68.75, helped by expectations of the launch of futures ETH ETFs. However, the coin was sold here, bringing it back to the now 65.27 support, from which attempts to return to USD 67.00 are possible. Its loss will lead to a decline towards 64.50.
LTC/USD is being repurchased in the fall.
26.09.2023
Remaining under the pressure of sellers, the price of lightcoin again broke through the support around 64.00 USD and fell to 62.60, where the coin was once again bought back, bringing its value back to the levels before the fall. Pressure still remains, and downside risks to 63.00-62.50; a pass of resistance at 65.00/27 would lead to a rise to 66.00-66.50.
LTC/USD is in demand after falling.
19.09.2023
During the past week, Lightcoin has enjoyed steady demand, allowing it to rise from support near the 59.70 USD level to 68.38. The nearest support is around 65.27, above which there will be an upside potential towards 69.00-70.00; a loss of support will lead to a decline towards 64.00-63.00.
LTC/USD is recovering after the fall.
12.09.2023
All week, the lightcoin remained under the pressure of sellers, against which, after several days of consolidation in the range, the support around 62.00 USD was broken through, and the 58.00 level was tested, followed by a rebound to 61.30 level. On the upside, selling interest may remain, and bears may test 59.00-58.00 again; passing the resistance will lead to growth to 63.00-64.00, where bears may also become active.
LTC/USD Chart
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Why is it important to know the LTC/USD price prediction?
TU experts determined that trading LTC/USD allows you to make money even during minor changes in the price. Considering that the price of the base currency – Litecoin, correlates with Bitcoin, high volatility is possible. This indicates that you need to regularly monitor the price performance. If Litecoin strengthens, the US dollar drops and vice versa. Trading LTC/USD is suitable for advanced traders, as there are constant price fluctuations. There is a high risk of losing money if you don’t constantly monitor the online price chart.
FAQ
1
How is the LTC/USD forecast made?
The LTC/USD forecast is based on the instruments of technical analysis, the same as with traditional currencies. TU analysts use such instruments as support and resistance levels, technical
indicators, etc. Thanks to this, traders receive an updated forecast of further Litecoin price movement against the US dollar and can make informed decisions.
2
What is technical analysis?
Technical analysis is a method of assessing the situation in financial markets, allowing you to make informed trading decisions. It is based on identifying a statistical pattern of a price change, including for the Litecoin/US dollar pair. TU experts try to determine the most profitable entry and exit points. Based on the data received, traders can decide when to sell or buy exchange assets.
3
Can the LTC/USD forecast be relied upon?
Experienced TU experts are involved in making the LTC/USD forecast. However,
one needs to keep in mind that these are representative indicators, and the price performance may depend on other factors, for example, release of important political and economic news. Do not forget about that when you build your trading strategy.
4
What does the LTC/USD price depend on?
The LTC/USD price performance is influenced by many factors:
· Change of Bitcoin price;
· Volatility in the financial markets;
· Decisions of the Fed;
· Unplanned events and economic or political news.
· Change of Bitcoin price;
· Volatility in the financial markets;
· Decisions of the Fed;
· Unplanned events and economic or political news.