Coinidol.com: Litecoin Hovers Above Its Previous Low of $66

Litecoin (LTC) continued to fall below the moving average lines, reaching a low of $66 before recovering.

Litecoin price long-term prediction: bearish

Since January 19, the cryptocurrency price has remained above the $65 support level, fluctuating upwards above this support and below the moving average lines. For the past few months, the price has reversed whenever it has reached a low of $68.

Technical Indicators:

Resistance Levels – $100, $120, $140

Support Levels – $60, $40, $20

Litecoin price indicators analysis

The cryptocurrency price is below the downward-sloping moving averages. The 21-day SMA is below the 50-day SMA, indicating a decline. Price fluctuations have been marked by Doji candlesticks. On the 4-hour chart, Doji candlesticks have limited price movement, keeping the price range-bound.

What is the next move for Litecoin?

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.