MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

LTC/USD Drops Below $165 as Bears are Back

December 9, 2021
in Blockchain
Reading Time: 3 mins read
A A
LTC/USD Drops Below $165 as Bears are Back
ShareShareShareShareShare

Litecoin Price Prediction – December 9

The Litecoin price prediction witnesses a slight drop today, amounting to a 7.12% loss with a current trading price around $153.44.

LTC/USD Market

Key Levels:

Resistance levels: $190, $200, $210

Support levels: $130, $120, $110

LTCUSD – Daily Chart

At the time of writing, LTC/USD is changing hands at $153.44, down 7.12% on a day-to-day basis. The coin is seen heading towards the downside as the price is ready to break below the lower boundary of the channel. LTC/USD continues to move within a short-term bearish trend amid low volatility. If the market regains positive momentum, LTC price may continue to respect the channel pattern. Otherwise, more breakdowns may come to focus.

Litecoin Price Prediction: LTC/USD Is Likely to Drop More

A possible retracement below the lower boundary of the channel may drag the Litecoin price to $130, $120, and $110 supports, creating a new monthly low. But if the market price decides to move upward, buying pressure may hit the nearest resistance at $170 and $180. As it is now, there’s a need for a pullback for the market to regain strength. A sustainable move above the 9-day moving average is needed for the upside to gain traction with the next focus on $190, $200, and $210 resistance levels.

Against Bitcoin, the Litecoin price is following a bearish sentiment now as the coin suffers a slight downtrend pressure from Bitcoin. However, if the bulls attempt to gain momentum, the bears are likely to keep releasing a huge pressure on the market as the technical indicator Relative Strength Index (14) heads to the south.

LTCBTC – Daily Chart

Moreover, if the Litecoin falls below the support level of 3000 SAT, it could significantly lower the price to 2800 SAT and below. In case of a rebound, the coin can cross above the 9-day and 21-day moving averages before resuming the rally. If the bulls manage to stay well above this barrier, traders could see a bull-run to the resistance level of 3700 and above.

Looking to buy or trade Litecoin (LTC) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Credit: Source link

ShareSendTweetPinShare
Previous Post

SEC Obtains Judgment against Lead BitConnect Promoter

Next Post

ETH/USD Price Drops to $4076 Low

Next Post
ETH/USD Price Drops to $4076 Low

ETH/USD Price Drops to $4076 Low

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange – Regulation Bitcoin News

Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange – Regulation Bitcoin News

January 30, 2023
USDC issuer Circle releases accountant-verified report

USDC issuer Circle releases accountant-verified report

January 31, 2023
Flare Partners With Blockchain Security Specialist FYEO For Ongoing Audits

Flare Partners With Blockchain Security Specialist FYEO For Ongoing Audits

January 27, 2023
NFT vs. Crypto – What are the differences?

NFT vs. Crypto – What are the differences?

January 27, 2023
SOL Price Prediction: Solana is up 156%, SOL Might Be Set to Make Another Set of Millionaires

SOL Price Prediction: Solana is up 156%, SOL Might Be Set to Make Another Set of Millionaires

January 30, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • The January figures are 92.7% lower than the $121.4 million
  • Beware cryptocurrency scams: Attorney general
  • Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,112.00 4.34%
  • ethereumEthereum (ETH) $ 1,684.88 6.23%
  • tetherTether (USDT) $ 0.998747 0.16%
  • bnbBNB (BNB) $ 320.79 2.37%
  • usd-coinUSD Coin (USDC) $ 1.00 0.06%
  • xrpXRP (XRP) $ 0.415279 2.73%
  • binance-usdBinance USD (BUSD) $ 0.998935 0.2%
  • cardanoCardano (ADA) $ 0.402126 3.59%
  • dogecoinDogecoin (DOGE) $ 0.095528 0.61%
  • matic-networkPolygon (MATIC) $ 1.23 11.15%
  • okbOKB (OKB) $ 39.87 5.71%
  • solanaSolana (SOL) $ 25.46 6.82%
  • staked-etherLido Staked Ether (STETH) $ 1,680.47 6.38%
  • polkadotPolkadot (DOT) $ 6.54 4.61%
  • litecoinLitecoin (LTC) $ 101.41 5.49%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.82%
  • avalanche-2Avalanche (AVAX) $ 21.48 9.26%
  • tronTRON (TRX) $ 0.063661 1.89%
  • uniswapUniswap (UNI) $ 6.93 5.29%
  • daiDai (DAI) $ 0.999468 0.13%
  • cosmosCosmos Hub (ATOM) $ 14.99 12.24%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,108.00 4.43%
  • chainlinkChainlink (LINK) $ 7.27 4.53%
  • the-open-networkToncoin (TON) $ 2.42 4.31%
  • moneroMonero (XMR) $ 179.33 0.87%
  • ethereum-classicEthereum Classic (ETC) $ 22.60 4.52%
  • leo-tokenLEO Token (LEO) $ 3.36 5.36%
  • aptosAptos (APT) $ 18.31 10.31%
  • bitcoin-cashBitcoin Cash (BCH) $ 137.47 2.38%
  • stellarStellar (XLM) $ 0.093006 2.85%
  • apecoinApeCoin (APE) $ 6.11 3.67%
  • quant-networkQuant (QNT) $ 149.59 4.39%
  • filecoinFilecoin (FIL) $ 5.70 9.29%
  • nearNEAR Protocol (NEAR) $ 2.47 6.48%
  • crypto-com-chainCronos (CRO) $ 0.082113 3.76%
  • lido-daoLido DAO (LDO) $ 2.33 8.02%
  • algorandAlgorand (ALGO) $ 0.256422 6.15%
  • vechainVeChain (VET) $ 0.024984 7.68%
  • hedera-hashgraphHedera (HBAR) $ 0.069767 7.56%
  • internet-computerInternet Computer (ICP) $ 6.09 1.31%
  • fantomFantom (FTM) $ 0.587802 9.8%
  • decentralandDecentraland (MANA) $ 0.804974 5.99%
  • axie-infinityAxie Infinity (AXS) $ 11.46 4.9%
  • aaveAave (AAVE) $ 91.47 10.09%
  • the-sandboxThe Sandbox (SAND) $ 0.776176 5.31%
  • eosEOS (EOS) $ 1.09 2.14%
  • flowFlow (FLOW) $ 1.14 6.12%
  • elrond-erd-2MultiversX (EGLD) $ 44.49 4.24%
  • theta-tokenTheta Network (THETA) $ 1.10 6.34%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000173 0.93%