CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Price Analysis » Litecoin Price Analysis: LTC Struggles Beneath $100 Despite Upcoming Halving

Litecoin Price Analysis: LTC Struggles Beneath $100 Despite Upcoming Halving

Author: Yaz Sheikh

Last Updated Dec 23, 2019 @ 13:45
Getting your audio player ready...

Litecoin continues to trade beneath the $100 level after another failed attempt to break above it this week. The resistance in this range is bolstered by the 100-day EMA, making it difficult for LTC/USD to break through, especially with Bitcoin hovering around $10,000. This month has been difficult for the entire crypto market including LTC, whose price has declined by approximately 30% throughout the past 30 days.

Litecoin has been in a peculiar position, as many had believed the cryptocurrency would be surging at this point considering that its block reward halving is only around 10 days away. However, considering the recent declines, many analysts have stated that the halving has already been priced into the market after Litecoin hit 0.017 BTC in mid-June.

Looking at the LTC/USD 1-day chart:

  • Since our previous Litecoin analysis, we have seen that the $100 resistance level was too much for the bulls. Litecoin has since rolled over and dropped toward the support at the 200-day EMA around $88 where it bounced back to $94.
  • From above: The nearest levels of resistance lie at $97.18 and $100. If the bulls break above $100, higher resistance is found at $110, $114, $119, and $125.
  • From below: The closest levels of support are $90 and $88. Beneath this, further support lies at $84.77, $77.45, $70.82, and $67.74.
  • The trading volume has been decreasing as we have neared the end of the month.
  • The RSI found resistance at 50, which indicates that the bears remain in control of the market. Furthermore, the Stochastic RSI is primed for a bearish crossover in overbought territory which is a troubling sign for Litecoin bulls in the short term.

Looking at the LTC/BTC 1-day chart: 

  • Trading against Bitcoin, Litecoin has so far failed to break above the 0.01 BTC resistance level. However, the cryptocurrency is starting to show some promising signs that it could start to make higher highs if it can break above 0.01 BTC.
  • From above: The nearest level of resistance is 0.01 BTC. Above this, higher resistance lies at 0.0106 BTC, 0.0111 BTC, 0.0113 BTC, and 0.012 BTC. If the bulls can break above here, the next levels of resistance are located at 0.0125 BTC and 0.013 BTC.
  • The trading volume has been consistently diminishing as the month has progressed, which could suggest that the selling has finished.
  • The RSI managed to break above 50 recently, which shows that the bulls are starting to wake up.

ltcbtc_jul25

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.
Tags: Litecoin (LTC) Price
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Yaz Sheikh
More posts by this author

Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

12 Best Meme Coins to Watch in July 2025

12 Best Meme Coins to Watch in July 2025

7 Best Meme Coin Presales to Watch in July 2025

7 Best Meme Coin Presales to Watch in July 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in July 2025

11 Best Crypto Presales to Consider in July 2025

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!