{"id":973,"date":"2021-01-15T10:16:06","date_gmt":"2021-01-15T07:16:06","guid":{"rendered":"https:\/\/news.bit.team\/?p=973"},"modified":"2021-01-15T10:16:06","modified_gmt":"2021-01-15T07:16:06","slug":"litecoin-accelerates-the-upward-trend-to-160","status":"publish","type":"post","link":"https:\/\/bit.team\/blog\/litecoin-accelerates-the-upward-trend-to-160\/","title":{"rendered":"Litecoin Accelerates the Upward Trend to $160"},"content":{"rendered":"<p><strong>Litecoin supports a recovery to $ 150, but bulls are keeping an eye on $ 160. The merge detection tool does not find any serious obstacles to this.<\/strong><\/p>\n<h2>LTC fights resistance and is ready for a breakout<\/h2>\n<p>Litecoin has increased by more than 10% up to $ 150. The bullish move came after LTC \/ USD fell to $ 110 on Monday. The recovery has been gradual but steady. The asset must close the day above $ 150 to confirm the uptrend at $ 160.<\/p>\n<p>The $ 9.9 billion coin is fighting an uphill battle at the 50% Fibonacci retracement level taken between the last drop from $ 185 to a low of $ 110. LTC must eliminate the seller&#8217;s congestion at this level in order to move higher.<\/p>\n<p>Slightly below the current price level, Litecoin is supported by a simple moving average of 50. Therefore, this support needs to be protected to avoid a correction to $ 140 (38.2% on the Fibonacci scale).<\/p>\n<p>Moving average convergence divergence or MACD adds confidence to an optimistic outlook. This technical indicator follows the trend path and calculates its momentum.<\/p>\n<p>The MACD appears to be turning bullish, with a similar move ahead of a breakout in December. When the 12-day exponential moving average crossed the 26-day exponential moving average, the chances of bullish momentum appearing increased significantly.<\/p>\n<div id=\"attachment_974\" style=\"width: 1341px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-974\" class=\"size-full wp-image-974\" src=\"https:\/\/news.bit.team\/wp-content\/uploads\/2021\/01\/1-7.png\" alt=\"LTC \/ USD 4-hour chart\" width=\"1331\" height=\"526\" srcset=\"https:\/\/bit.team\/blog\/wp-content\/uploads\/2021\/01\/1-7.png 1331w, https:\/\/bit.team\/blog\/wp-content\/uploads\/2021\/01\/1-7-300x119.png 300w, https:\/\/bit.team\/blog\/wp-content\/uploads\/2021\/01\/1-7-1024x405.png 1024w, https:\/\/bit.team\/blog\/wp-content\/uploads\/2021\/01\/1-7-768x304.png 768w\" sizes=\"(max-width: 1331px) 100vw, 1331px\" \/><p id=\"caption-attachment-974\" class=\"wp-caption-text\">LTC \/ USD 4-hour chart<\/p><\/div>\n<p>The merge tool shows that Litecoin has no major hurdles when it moves higher. However, buyers should make sure that they are held at the crucial $ 150 level, as indicated by the upper boundary of the hourly Bollinger band.<\/p>\n<p>On the other hand, Litecoin has solid support levels: $ 149.7 and $ 148.7. The 4-hour previous high defines the first support, while the second, which is also the strongest, is highlighted by the one-day previous high.<\/p>\n<div id=\"attachment_975\" style=\"width: 640px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-975\" class=\"size-full wp-image-975\" src=\"https:\/\/news.bit.team\/wp-content\/uploads\/2021\/01\/2-5.png\" alt=\"Levels of mergers LTC \/ USD\" width=\"630\" height=\"354\" srcset=\"https:\/\/bit.team\/blog\/wp-content\/uploads\/2021\/01\/2-5.png 630w, https:\/\/bit.team\/blog\/wp-content\/uploads\/2021\/01\/2-5-300x169.png 300w\" sizes=\"(max-width: 630px) 100vw, 630px\" \/><p id=\"caption-attachment-975\" class=\"wp-caption-text\">Levels of mergers LTC \/ USD<\/p><\/div>\n<p>Bullish prospects will be sabotaged by bears if Litecoin closes the day below $ 150. Moreover, if the support at this level does not hold, there may be huge losses up to $ 140.<\/p>\n<p>At the moment, the value of the asset is $ 148.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin supports a recovery to $ 150, but bulls are keeping an eye on $ 160. The merge detection tool does not find any serious obstacles to this. LTC fights resistance and is ready for a breakout Litecoin has increased by more than 10% up to $ 150. The bullish move came after LTC \/ [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[425],"tags":[428],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Litecoin \u0443\u0441\u043a\u043e\u0440\u044f\u0435\u0442 \u0432\u043e\u0441\u0445\u043e\u0434\u044f\u0449\u0438\u0439 \u0442\u0440\u0435\u043d\u0434 \u0434\u043e 160 $<\/title>\n<meta name=\"description\" content=\"Litecoin \u043f\u043e\u0434\u0434\u0435\u0440\u0436\u0438\u0432\u0430\u0435\u0442 \u0432\u043e\u0441\u0441\u0442\u0430\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u0435 \u0434\u043e 150 \u0434\u043e\u043b\u043b\u0430\u0440\u043e\u0432, \u043d\u043e \u0431\u044b\u043a\u0438 \u043d\u0435 \u0441\u043f\u0443\u0441\u043a\u0430\u044e\u0442 \u0433\u043b\u0430\u0437 \u0441 160 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