[ad_1] <br><div><div class="td-a-ad id_inline_ad0 id_ad_content-horiz-right"><span class="td-adspot-title"/><div class="td-rec-hide-on-p td-rec-hide-on-tp"> <iframe id="ae3ed6d8" name="ae3ed6d8" src="https://adsrv.actionforex.com/www/delivery/afr.php?zoneid=5" frameborder="0" scrolling="no" width="300" height="250" allow="autoplay"><a target="_blank" href="https://adsrv.actionforex.com/www/delivery/ck.php?n=a6068583" rel="noopener"><img src="https://adsrv.actionforex.com/www/delivery/avw.php?zoneid=5&amp;n=a6068583" border="0" alt=""/></a></iframe> </div> </div><p>Bears couldn’t pull the market additional down final week, and after touching a low of $89.15 on 9 April, LTC began to right upwards in opposition to the US Greenback, touching a excessive of $96.85 on 11 April.</p> <p>There's a tweezer backside sample above the $89.15 deal with on the H1 timeframe. It signifies the top of a bearish part and the beginning of a bullish part available in the market.</p> <p><a target="_blank" href="https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331.png" rel="noopener"><img decoding="async" class="aligncenter size-medium wp-image-495725" src="https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-600x338.png" alt="" width="600" height="338" srcset="https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-600x338.png 600w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-1024x576.png 1024w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-768x432.png 768w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-1536x864.png 1536w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-150x84.png 150w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-300x169.png 300w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-696x392.png 696w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-1068x601.png 1068w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331-747x420.png 747w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041331.png 1600w" sizes="(max-width: 600px) 100vw, 600px"/></a></p> <div class="td-a-ad id_inline_ad1 id_ad_content-horiz-center"><span class="td-adspot-title"/><div class="td-rec-hide-on-m td-rec-hide-on-tl"> <iframe id="ae3ed6d8" name="ae3ed6d8" src="https://adsrv.actionforex.com/www/delivery/afr.php?zoneid=5" frameborder="0" scrolling="no" width="300" height="250" allow="autoplay"><a target="_blank" href="https://adsrv.actionforex.com/www/delivery/ck.php?n=a6068583" rel="noopener"><img src="https://adsrv.actionforex.com/www/delivery/avw.php?zoneid=5&amp;n=a6068583" border="0" alt=""/></a></iframe> </div> </div><p>The worth of Litecoin is close to the channel’s assist, indicating upcoming bullish motion. Additionally, Litecoin is buying and selling above its 100-hour easy shifting common and 200-hour exponential shifting common, and it’s above the pivot degree of $93.76.</p> <p>The relative energy index is at 67.54, reflecting a really sturdy demand for Litecoin and the continuation of the shopping for stress within the markets.</p> <p>Litecoin stays above all shifting averages, so the market remains to be bullish on the present market degree of $94.23.</p> <p>Each Williams’s % vary and STOCHRSI are signalling overbought market situations, which implies that the value is predicted to say no within the short-term vary.</p> <p>The short-term outlook for Litecoin has turned as strongly bullish.</p> <ul> <li>Technical indicators are bullish.</li> <li>Litecoin bullish reversal is seen above the $89.15 degree.</li> <li>The typical true vary signifies low market volatility.</li> </ul> <h3 id="litecoin-bullish-reversal-seen-above-8915">Litecoin Bullish Reversal Seen Above $89.15</h3> <p>The worth of Litecoin continues to maneuver in a really sturdy uptrend, crossing the $95 deal with, with additional resistances at $98 and $100.</p> <p>There's a bullish crossover of 50-day and 100-day shifting averages within the 4-hour timeframe.</p> <p>LTCUSD has crossed its traditional resistance degree of $93.93 and Fibonacci resistance degree of $94.22, after which the trail in the direction of $100 will get cleared.</p> <p>Litecoin faces resistance at $96.96, which is a 1-month excessive, and at $97.99, which is the third resistance degree of the pivot level indicator.</p> <p><a target="_blank" href="https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332.png" rel="noopener"><img decoding="async" loading="lazy" class="aligncenter size-medium wp-image-495724" src="https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-600x338.png" alt="" width="600" height="338" srcset="https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-600x338.png 600w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-1024x576.png 1024w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-768x432.png 768w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-1536x864.png 1536w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-150x84.png 150w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-300x169.png 300w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-696x392.png 696w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-1068x601.png 1068w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332-747x420.png 747w, https://www.actionforex.com/wp-content/uploads/2023/04/fxopen2023041332.png 1600w" sizes="(max-width: 600px) 100vw, 600px"/></a></p> <h3 id="the-week-ahead">The Week Forward</h3> <p>The worth of Litecoin rebounded from the excessive of $96.85, and after the market consolidation, the bullish development continued within the day by day timeframe.</p> <p>Many of the technical indicators are reflecting a bullish sentiment.</p> <p>Litecoin might keep above the necessary assist degree of $92.12, at which value crosses the 9-day shifting common, and at $90.38, which is the primary assist degree of the pivot level indicator.</p> <p>The short-term outlook for Litecoin has turned strongly bullish, the medium-term outlook is bullish, and the long-term outlook is impartial at current market situations.</p> <p>The weekly projection is $110, with a consolidation zone at $105.</p> </div> <br>[ad_2] <br><a href="https://www.actionforex.com/contributors/technical-analysis/495721-ltcusd-technical-analysis-tweezer-bottom-pattern-above-89-15/">Source link </a>