{"id":28623,"date":"2022-09-10T17:11:41","date_gmt":"2022-09-10T17:11:41","guid":{"rendered":"http:\/\/egrowonline.com\/?p=28623"},"modified":"2022-09-10T17:11:41","modified_gmt":"2022-09-10T17:11:41","slug":"what-litecoin-price-needs-to-do-to-rally-back-to-100","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=28623","title":{"rendered":"What Litecoin price needs to do to rally back to $100"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Litecoin price hovers just below a descending trend channel established in February 2022.<\/strong><\/li>\n<li><strong>Litecoin price shows fewer transactions amidst the current uptrend move than the previous decline.<\/strong><\/li>\n<li><strong>A breach above the $64 level could be the catalyst\u00a0 to a rally targeting the 2000-week moving aveage at $100,<\/strong><\/li>\n<\/ul>\n<p>Litecoin price could make a run for the 200-week moving average at $100.\u00a0Still\u00a0traders should wait for more confirmation or be subject to a smart money trap.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Litecoin price is too early to call\u00a0<\/strong><\/h2>\n<p>Litecoin price currently auctions at $60 as the crypto market is witnessing an applaudable rebound on Friday, September 9th. Litecoin price has reconquered a newfound supportive trend line that the bears briefly breached earlier in the week. The bulls have crossed both the 8-day exponential and $21-day simple moving averages, although the volume profile is still less than it was during the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/litecoin-price-prediction-the-bullish-vs-bearish-scenario-202209061803\" rel=\"noopener\">trendline breach<\/a>.\u00a0<\/p>\n<p>Litecoin price has a bullish scenario that should not be ruled out. If the Elliott Wave technicals are correct, the bulls could rally as high as $100 in the midterm without invalidating the broader bearish idea mentioned in\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/litecoin-price-prediction-a-10-dollar-token-by-2023-202208122313\" rel=\"noopener\">previous outlooks<\/a>.\u00a0<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/LTCUSD_2022-09-09_17-06-05-637983584500896155.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"tm\/ltc\/9\/30\/22\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/LTCUSD_2022-09-09_17-06-05-637983584500896155.png\" style=\"width: 650px;height: 310px\" \/><\/a><\/p>\n<p><strong><small>LTC USDT<\/small><\/strong><\/p>\n<p>Still, the Litecoin price will need to breach the descending trend line currently positioned at $64 before a justified entry can be made. The alternative scenario could be that the current 14% rally since the trendline breach occurred earlier this week is just a <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/litecoin-price-prediction-the-beginning-of-the-end-202208272136\" rel=\"noopener\">sucker&#8217;s rally<\/a> meant to entice hopeful investors.<\/p>\n<p>Thus traders&#8217; safest bet is to remain sidelined (missing out on the first 15% of the anticipated 60% rally targeting the 200-week moving average at $100) until the descending trend channel&#8217;s breach is accomplished.<\/p>\n<p><strong>In the following video, our analysts deep dive into the price action of Litecoin, analyzing key levels of interest in the market. -FXStreet Team<\/strong><\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Litecoin\u2019s in depth  bullish vs bearish scenario analysis\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/_vSptVkrBNo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/what-litecoin-price-needs-to-do-to-rally-back-to-100-202209092216\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price hovers just below a descending trend channel established in February 2022. Litecoin price shows fewer transactions amidst the current uptrend move than the previous decline. A breach above the $64 level could be the catalyst\u00a0 to a rally targeting the 2000-week moving aveage at $100, Litecoin price could make a run for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[199,195,213],"class_list":["post-28623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-price","tag-rally"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/Litecoin_4_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28623"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28623\/revisions"}],"predecessor-version":[{"id":28624,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28623\/revisions\/28624"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/1401"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28623"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}