The price of Litecoin (LTC) has been displaying positive signs above the $88 level against the US Dollar, which is also visible in other cryptos like Bitcoin, Ethereum and Ripple. After forming a base of $87.50, a fresh increase was seen, in which the $90 and $92 resistance levels were successfully crossed. However, an upside move to the crucial $95 resistance faced some bearish activity, which caused the downward correction to level around $90 and then $89.85.

At present, the price is consolidating below $92 and the 55 simple moving average (4 hours). On the upside, the price needs to surpass the $92 resistance level to possibly head towards the $93.50 level or the 61.8% Fib retracement level of the downward move from the $95.85 swing high to the $89.85 low. If the bulls turn out to be victorious and break above the $95 resistance, Litecoin may hit the $100 mark.

On the downside, initial support is close to the $90 level. Additionally, there is also a key bullish trend line forming near $90.45 on the 4-hours chart of the LTC/USD pair. If the bears overpower the market and the price slumps below the $88 support, a plunge towards the $82 level in the near term may take place.

Looking at the chart, Litecoin’s price is currently trading below $92 and the 55 simple moving average (4 hours). To gain some bullish momentum, the coin needs to breach the $92 and $95 resistance levels. The 4 hours MACD follows a declining trend in the bullish zone, while the 4 hours RSI is marginally below the 50 level. Major support levels are calculated at $90 and $88, while the key resistance levels are positioned at $92 and $95.



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