{"id":4997,"date":"2025-01-02T03:17:57","date_gmt":"2025-01-02T03:17:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4997"},"modified":"2025-01-02T03:17:57","modified_gmt":"2025-01-02T03:17:57","slug":"litecoin-price-prediction-us-inflation-fed-decision","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4997","title":{"rendered":"Litecoin price prediction: US inflation, Fed decision"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" width=\"859\" height=\"558\" src=\"https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"litecoin-price-prediction:-us-inflation,-fed-decision\" decoding=\"async\" srcset=\"https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision.jpg 859w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-300x195.jpg 300w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-768x499.jpg 768w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-561x364.jpg 561w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-265x172.jpg 265w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-531x345.jpg 531w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-364x236.jpg 364w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-728x473.jpg 728w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-608x395.jpg 608w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-758x492.jpg 758w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-225x146.jpg 225w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-74x48.jpg 74w, https:\/\/www.btcethereum.com\/blog\/wp-content\/uploads\/2022\/12\/159461-litecoin-price-prediction-us-inflation-fed-decision-148x96.jpg 148w\" sizes=\"auto, (max-width: 859px) 100vw, 859px\"><\/p>\n<div>\n<div>                          <picture><source type=\"image\/webp\" media=\"(min-width: 750px)\"><source type=\"image\/webp\"><source type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source type=\"image\/jpeg\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1670079628725-9fd3906a-dfdf-48bf-b939-b8e8b90b5c61.jpg\" alt width=\"100%\" height=\"100%\" previous-src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1670079628725-9fd3906a-dfdf-48bf-b939-b8e8b90b5c61.jpg\"> <\/picture>                     <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Litecoin price has formed a head and shoulders pattern.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The US will publish the latest inflation data on Tuesday.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The Fed will deliver its rate decision on Wednesday.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Litecoin price formed a small doji pattern ahead of the upcoming US inflation data and central bank decisions. It dropped to a low of $73.50, the lowest level since November 29. It has crashed by more than 12% below the highest level this year.<\/p>\n<h2 dir=\"ltr\">Inflation and central bank decisions<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/litecoin\"><u>Litecoin<\/u><\/a> and other cryptocurrencies have pulled back on Monday ahead of what will be a busy week. On Tuesday, the US will publish the latest American consumer inflation data. Economists expect the data to show that inflation dropped in November.\u00a0<\/p>\n<p dir=\"ltr\">Precisely, they expect that the headline consumer price index (CPI) dropped from 7.7% in October to 7.3% in November. Supporting this view is the fact that gasoline prices have crashed to the lowest level in more than 12 months.\u00a0<\/p>\n<p dir=\"ltr\">Core inflation, which excludes the volatile food and energy products, is expected to have dropped from 6.5% to 6.0%.\u00a0<\/p>\n<p dir=\"ltr\">These numbers will come a day ahead of the Federal Reserve interest rate decision. Economists expect the data to show that the Fed will deliver a relatively mild rate decision this week. Precisely, they believe that the bank will hike rates by 0.50%, lower than the previous increases of 0.75%.<\/p>\n<p dir=\"ltr\">In addition to the Federal Reserve, other major central banks like the Bank of England (BoE) and the European Central Bank (ECB) will deliver their rate hikes.\u00a0<\/p>\n<p dir=\"ltr\">Historically, Litecoin price tends to react negatively to higher interest rates. Therefore, a sign that they will likely slow its rate hikes in 2023 will be a bullish sign.\u00a0<\/p>\n<p dir=\"ltr\">Meanwhile, Litecoin\u2019s hashrate has started rising. Data shows that LTC rose to 567 TH\/s on Monday. This increase was higher than last week\u2019s low of 528 TH\/s. Hashrate is an important figure that measures the health of the network, as I wrote\u00a0<a href=\"https:\/\/coinjournal.net\/news\/litecoin-price-comeback-stalls-as-hashrate-nosedives\/\"><u>here<\/u><\/a>.<\/p>\n<h2 dir=\"ltr\">Litecoin price prediction<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/11\/12\/1670844171991-e0ef08dd-f345-4088-8479-f5785dd542fc.png\" width=\"589\" height=\"292.537\"><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/?exchange=COINBASE\"><u>LTC\/USD chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">The LTC price has been under pressure in the past few days. It has managed to move below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the neutral level. It is also slightly above the important support level at $73.50, the lowest level on November 26.<\/p>\n<p dir=\"ltr\">The coin has also formed a head and shoulders pattern. In price action analysis, this pattern is usually a bearish sign. Therefore, Litecoin price will likely resume the downward trend. If this happens, the next key support level to watch will be at $65. A move above the resistance at $75 will invalidate the bearish view.<\/p>\n<h2 dir=\"ltr\">How to buy Litecoin<\/h2>\n<h3>     Oanda<\/h3>\n<p>OANDA is the trusted name for Forex and CFD trading. Since 1997 OANDA has established a reputation for fair and transparent pricing and responsive customer service. Easy account opening process.<\/p>\n<p>     <a href=\"http:\/\/coinjournal.net\/visit\/oanda-crypto?guid=OTcyODM&amp;component=simple-table&amp;language=en&amp;country=MY&amp;state=Not+Applicable&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\">                     Buy LTC with Oanda today            <\/a>                  <\/p>\n<h3>     Pacific Union<\/h3>\n<p>Since being founded in 2015, Pacific Union has grown into a world-leading online broker. We offer 200+ products, whilst delivering an innovative trading facility for assets such as forex, indices, commodities, shares and cryptocurrencies. As a service-focused, global online trading brokerage, we provide multilingual services to 120 countries and regions.<\/p>\n<p>     <a href=\"http:\/\/coinjournal.net\/visit\/pacific-union-crypto?guid=OTcyODM&amp;component=simple-table&amp;language=en&amp;country=MY&amp;state=Not+Applicable&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\">                     Buy LTC with Pacific Union today            <\/a>                  <\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/div>\n<\/div>\n<p>https:\/\/coinjournal.net\/news\/litecoin-price-prediction-us-inflation-fed-decision\/<\/p>\n<p>The post <a href=\"https:\/\/www.btcethereum.com\/blog\/2022\/12\/12\/litecoin-price-prediction-us-inflation-fed-decision\/\">Litecoin price prediction: US inflation, Fed decision<\/a> appeared first on <a href=\"https:\/\/www.btcethereum.com\/blog\">BTC Ethereum Crypto Currency Blog<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin price has formed a head and shoulders pattern. The US will publish the latest inflation data on Tuesday. The Fed will deliver its rate decision on Wednesday. Litecoin price formed a small doji pattern ahead of the upcoming US inflation data and central bank decisions. It dropped to a low of $73.50, the lowest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4997","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4997"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4997\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}