{"id":344326,"date":"2023-09-17T23:00:55","date_gmt":"2023-09-17T17:30:55","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=344326"},"modified":"2023-09-17T15:16:16","modified_gmt":"2023-09-17T09:46:16","slug":"litecoins-pullback-threatens-recent-gains-will-bulls-see-reprieve","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/litecoins-pullback-threatens-recent-gains-will-bulls-see-reprieve\/","title":{"rendered":"Litecoin\u2019s pullback threatens recent gains &#8211; Will bulls see reprieve?"},"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 saw double-digit gains between 12-15 September.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Bulls had market leverage but could lose it if the pullback extends.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Litecoin [LTC]<\/span><span style=\"font-weight: 400;\"> fronted a double-digit recovery gain of 13% between 12-13 September. But the short-term sell pressure seen over the weekend (16\/17 September) could the gains.\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><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">LTC recovered from a recent dip of $57.8 on Monday (11 September) and hit a high of $67.05 on 16 September before fronting a retracement at press time. It was down about 5% from its recent high and traded at $63.7 at the time of writing.\u00a0<\/span><\/p>\n<h4>Will the Litecoin pullback ease?<\/h4>\n<figure id=\"attachment_344328\" aria-describedby=\"caption-attachment-344328\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44.png\"><img decoding=\"async\" class=\"size-full wp-image-344328\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44.png\" alt=\"Litecoin Price Prediction\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44-300x171.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44-1024x582.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44-768x437.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTCUSDT_2023-09-17_08-35-44-1536x874.png 1536w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-344328\" class=\"wp-caption-text\">Source: LTC\/USDT on TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The price reversal at press time occurred near the H12 bearish order block (OB) of $67.2 &#8211; $68.4 (red). The next immediate roadblock for sellers is the $62.55 and $60 levels.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As such, the pullback could ease at $62.55 or $60 before attempting another leg up, especially if the FOMC (Federal Open Market Committee) Meeting on 20 September takes a dovish stance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the possible leg-up, the key target levels for bulls will be $65 and the H12 bearish OB near $68.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the RSI eased to the 50-equilibrium mark. An extended sell pressure will be confirmed If the RSI drops below the equilibrium level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the CMF had breached and extended below zero, reinforcing a dip in capital inflows over the weekend.\u00a0<\/span><\/p>\n<h4>Buyers had leverage, but&#8230;<\/h4>\n<figure id=\"attachment_344329\" aria-describedby=\"caption-attachment-344329\" style=\"width: 1778px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI.png\"><img decoding=\"async\" class=\"size-full wp-image-344329\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI.png\" alt=\"Litecoin Price Prediction\" width=\"1778\" height=\"1006\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI.png 1778w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI-300x170.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI-1024x579.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI-768x435.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/LTC-ASI-1536x869.png 1536w\" sizes=\"(max-width: 1778px) 100vw, 1778px\" \/><\/a><figcaption id=\"caption-attachment-344329\" class=\"wp-caption-text\">Source: Coinalyze<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The CVD (Cumulative Volume Delta) had a positive slope at press time, underscoring buyers\u2019 market leverage.\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<p><span style=\"font-weight: 400;\">However, the Open Interest rates declined considerably over the weekend, demonstrating demand for LTC dipped slightly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the Accumulative Swing Index (ASI) retreated but was still positive, indicating that the long-term trend was still an uptrend. However, a negative ASI will suggest that the pullback morphed into a downtrend.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin&#8217;s recent recovery gains are at risk after the weekend reversal. Can Litecoin prevent further loss ahead of the Fed&#8217;s decision? <\/p>\n","protected":false},"author":79,"featured_media":344333,"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":[4451,75,62,1146],"class_list":["post-344326","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-ltc","tag-litecoin-price-prediction","tag-ltc","tag-ltc-price-prediction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Litecoin\u2019s pullback threatens recent gains - Will bulls see reprieve? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Litecoin [LTC] fronted a double-digit recovery gain of 13% between 12-13 September but the reversal over the weekend was a risk factor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/litecoins-pullback-threatens-recent-gains-will-bulls-see-reprieve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin\u2019s pullback threatens recent gains - Will bulls see reprieve? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Litecoin&#039;s recent recovery gains are at risk after the weekend reversal. 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