Litecoin (LTC) continues to fluctuate near the bottom of its chart.
Litecoin price long-term prediction: bearishThe cryptocurrency has risen above its low of $45, reaching a high of $56. Since February 2, the price has moved above the $45 support level but remains below the moving average lines. Today, the LTC price is steadily declining, approaching its previous low of $45. If the downward trend breaks the $45 support level, the altcoin could fall to a low of $40.
Technical Indicators:Resistance Levels – $100, $120, $140
Support Levels – $60, $40, $20
Litecoin price indicators analysisThe moving average lines continue to decline as the cryptocurrency approaches the bottom of its chart. Doji candlesticks have formed as the price consolidates. On the 4-hour chart, the price is consolidating above $50 but remains below the downward-sloping moving average lines.
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.
