Gate 广场｜2/27 今日话题： #BTC能否重返7万美元？
🎁 带话题发帖，抽取 5 位锦鲤送出价值 2500 美元的仓位体验券！
Jane Street 被起诉后，持续多日的“10 点砸盘”疑似消失。比特币目前在 67,000 美元附近震荡，这波反弹能否顺势冲回 70,000 美元？
💬 本期热议：
1️⃣ 你认为诉讼与“10 点抛压”消失有关吗？市场操纵阻力是否减弱？
2️⃣ 冲击 $70K 的关键压力区在哪？
3️⃣ 你会在当前价位分批布局，还是等待放量突破再进场？
分享观点，瓜分好礼 👉️ https://www.gate.com/post
📅 2/27 16:00 - 3/1 12:00 ( UTC+8 )
Litecoin Price Prediction: LTC Faces Uphill Task Near $70
Litecoin price declined heavily below $80 and $70 against the US Dollar. LTC is attempting a recovery wave but upsides might be limited above $70.
Litecoin Price Starts Recovery
This past week, there was a sharp decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $85 before it started a fresh decline.
There was a sharp decline below $80 and $70. The price even declined below $60. It traded as low as $55.78 and recently started an upside correction. There was a minor increase above the $60 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low.
Litecoin is now trading below $70 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC/USD pair.
On the upside, immediate resistance is near the $66 zone. The next major resistance is near the $70 level. It is close to the 50% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. If there is a clear break above the $70 resistance, the price could start another strong increase.
Source: LTCUSD on TradingView.com
In the stated case, the price is likely to continue higher toward the $75 and $78 levels. Any more gains might send LTC’s price toward the $85 resistance zone.
Fresh Decline in LTC?
If Litecoin price fails to clear the $70 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.50 level.
The next major support is forming near the $60 level, below which there is a risk of a move toward the $56.00 support. Any further losses may perhaps send the price toward the $52 support.
Technical indicators:
4-hour MACD – The MACD is now gaining pace in the bullish zone.
4-hour RSI (Relative Strength Index) – The RSI for LTC/USD is still below the 50 level.
Major Support Levels – $63.50 followed by $60.00.
Major Resistance Levels – $66.00 and $70.00.