{"id":331466,"date":"2023-07-31T05:00:26","date_gmt":"2023-07-30T23:30:26","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=331466"},"modified":"2023-07-30T15:06:04","modified_gmt":"2023-07-30T09:36:04","slug":"can-litecoin-clear-the-95-hurdle","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-litecoin-clear-the-95-hurdle\/","title":{"rendered":"Can Litecoin clear the $95 hurdle"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">LTC\u2019s trading volume was up &gt;70% in 24 hours.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">More short positions liquidated, reinforcing bulls\u2019 little edge.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Litecoin\u2019s [LTC]<\/span><span style=\"font-weight: 400;\"> halving is around the corner, but the price was yet to cross the $100 psychological level as of press time. Nevertheless, the LTC trading volume was up &gt;70% in the last 24 hours, as per <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/litecoin\/#Markets\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">. LTC bulls must contend with crucial resistance levels despite the upsurge in volume being a bullish cue.\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/litecoin-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">LTC Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">LTC\u2019s lower and higher timeframes were in a bearish bias. With uncertainty around BTC\u2019s short-term recovery, LTC has posted <\/span><a href=\"http:\/\/ambcrypto.com\/whys-litecoins-hype-culling-as-halving-nears\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">mixed signals<\/span><\/a><span style=\"font-weight: 400;\"> across the on-chain activity ahead of 4 August halving.\u00a0\u00a0<\/span><\/p>\n<h4>Can bulls clear these overhead roadblocks?<\/h4>\n<figure id=\"attachment_331468\" aria-describedby=\"caption-attachment-331468\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19.png\"><img decoding=\"async\" class=\"wp-image-331468 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19.png\" alt=\"\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19-300x171.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19-1024x582.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19-768x437.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTCUSDT_2023-07-30_09-05-19-1536x874.png 1536w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-331468\" class=\"wp-caption-text\">Source: LTC\/USDT on TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">LTC\u2019s price rebounded from the recent low of $88. But the price hit the crucial resistance level of $95. The level acted as a brief support in early July but was flipped to resistance amidst the increased weakening of BTC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A weak BTC below the range-low of $29.5k could complicate further advance beyond the immediate $95 resistance. So, a retest of 38.2% Fib level of $88 couldn\u2019t be overruled.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, LTC bulls&#8217; further advance could be feasible if they close above $95. Besides, further bullish intent could only be reinforced if price action cleared the 61.8% Fib level of $98. If bulls clear the two roadblocks, a retest of $100 could be likely, especially if BTC reclaims the range-low of $29.5k.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the RSI crossed above the neutral level of 50, indicating improved buying pressure in the last few hours. Similarly, the CMF (Chaikin Money Flow) wavered above zero, showing positive but fluctuating capital inflows.\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 LTCs worth today<\/span><span style=\"font-weight: 400;\">?\u00a0<\/span><\/p>\n<hr \/>\n<h4>More short positions liquidated<\/h4>\n<figure id=\"attachment_331470\" aria-describedby=\"caption-attachment-331470\" style=\"width: 1863px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4.png\"><img decoding=\"async\" class=\"wp-image-331470 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4.png\" alt=\"\" width=\"1863\" height=\"570\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4.png 1863w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4-300x92.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4-1024x313.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4-768x235.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/LTC-4-1536x470.png 1536w\" sizes=\"(max-width: 1863px) 100vw, 1863px\" \/><\/a><figcaption id=\"caption-attachment-331470\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.coinglass.com\/currencies\/LTC\"><span style=\"font-weight: 400;\">Coinglass<\/span><\/a><span style=\"font-weight: 400;\">, LTC recorded more liquidations in short than long positions. Approximately &gt;700k worth of short positions were wrecked in the last four hours as of press time. Over the same period, long positions suffered &lt;100k worth of liquidations. The data reinforces short-term bullish bias.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the bias could change in favor of bears if the $95 resistance persists and BTC fails to reclaim the $29.5k range-low. So, it is worth tracking these two fronts ahead of LTC halving.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin&#8217;s price surge beyond $95 hangs in the balance with muted BTC performance. Will the August halving boost price action?<\/p>\n","protected":false},"author":79,"featured_media":331476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[70,62,4226,4797,1146],"class_list":["post-331466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view","tag-litecoin","tag-ltc","tag-ltc-price","tag-ltc-price-analysis","tag-ltc-price-prediction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Can Litecoin clear the $95 hurdle - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Litecoin\u2019s [LTC] halving is around the corner, but the price was yet to cross the $100 psychological level as of press time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/can-litecoin-clear-the-95-hurdle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Litecoin clear the $95 hurdle - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Litecoin&#039;s price surge beyond $95 hangs in the balance with muted BTC performance. 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