The price of Litecoin (LTC) has been steadily declining below the moving average lines, reaching a low of $62 before rebounding.
Litecoin price long-term prediction: bearishCurrently, the cryptocurrency is trading below the $60 support but below the moving average lines. On the upside, Litecoin will resume its bullish trend if buyers sustain the price above the moving average lines.
Technical Indicators:Key Resistance Levels – $100, $120, $140
Key Support Levels – $60, $40, $20
Litecoin price indicators analysis
The 21-day and 50-day moving average lines are trending downwards. The 21-day SMA is below the 50-day SMA, indicating a decline. Doji candlesticks dominate the price chart, causing the cryptocurrency to fluctuate within a narrow range. The moving average lines have dropped significantly on the 4-hour chart.
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.
